September 10, 2018
By Mehtab Haider.

Prime Minister Imran Khan-led Pakistan Tehreek-e-Insaf regime has inherited the country’s national economy with rising twin deficits, including the current account deficit and budget deficit. In absolute terms, these had never been witnessed at such a peak in the country’s over 70 years history. The budget deficit touched Rs2,260 billion or 6.6 percent of gross domestic product . There is need to analyse what happened to the fiscal position. The budget deficit stood at Rs796 billion or 2.2 percent of the GDP in the first half period of the last fiscal year. However, it rose sharply to 6.6 percent of the GDP in the remaining last...


By Richard Branson

In business, change sometimes happens more quickly than you want it to — transformative technologies arrive suddenly on the market, tastes adjust, economies shift. Telling your staff to embrace change and get creative is all very well and good, but that will not address their underlying anxieties. The bald fact is that change is usually a threat — one that has the potential to bring your business to a halt. Let’s face it: No company lasts forever. Given Virgin’s long experience in the music industry, I often receive questions from readers about the industry’s future. What will happen next? How can anyone successfully launch...


By Sirajuddin Aziz

All civilisations, while experiencing growth in economic terms and on the level of social development face the dilemma of protecting its values, norms, customs and traditions. With progress, we witness lowering of standards of moral and financial values. A price for growth. New set of values replace the old. Forward looking civilisations manage to retain the fundamentally critical aspects of societal norms while moving forward. In the last century or so, in the sub-continent also there has been change and decline in its historically traditional values. The terms of inter-personal engagement have transformed. The lingua franca...


By Rishika Dugyala *** Anna Irrera

Free Wi-Fi, discounted cappuccinos, artwork, and a dancing robot are among the features banks across the United States are touting to convince customers that even in an era of smartphones it is still worth it to visit a bank branch.Banks are in a bind - branches are costly and keep losing traffic as phone apps take over day-to-day banking, but they need them because that is where customers still get advice, resolve tricky account issues or deal with cash and checks.To square that circle banks have been trying to drum up more branch business with location upgrades and eye-catching features.JPMorgan Chase & Co branches, for example, feature...


By Mansoor Ahmad

It is too early to judge the performance of the Pakistan Tehreek-e-Insaf government, but the way it is moving about certainly shows that it is awed by the difficult task ahead as managing Pakistan is not an easy task, particularly when the hopes of the electorate are high. The entire set-up moves around its leader, Imran Khan. The chief ministers of the provinces where PTI is in power have to take permission of the PTI chief for all cabinet slots. At the federal level all appointments are subject to his approval. All decisions at the moment are highly centralised.Even the most sincere and dedicated leader cannot run a country...


By Jan Khaskheli

Ramesh, a young entrepreneur has inspiring tales for unskilled and uneducated youth of urban and suburban settlements to initiate a venture without investing a single penny. He has a pushcart, which too is provided by a nursery owner to run the business. He takes earthen pots with a variety of flowering plants from nurseries and moves daily to city streets for sale.He has five years experience of wandering in the streets of Hyderabad city to sell flowering plants.According to him, all his family members have been associated with nurseries for a long time, mostly grow plants and taking care of them. They work together at a commercial...


By Web Desk

Donald Trump’s protectionist trade policies are leading to a reordering of economic relationships around the globe. The biggest is that between the world’s second- and third-largest economies — China and Japan. Talks in Beijing on Friday between the two countries’ finance ministers are the latest sign of thawing relations after years of tension. The rapprochement is to be welcomed — but is bound to have limits.Bilateral trade exceeded $300bn in 2017, with more than 1,000 flights a week between the two countries. But Japan, the biggest source of foreign investment in China in 2011, dropped to fifth by 2016.China reaped what it...


By Philip Stephens

The legacy of the global financial crisis might have been a re-imagination of the market economy. Anything goes could have made way for something a little closer to everyone gains. The eloquent speeches and bold pledges that followed the crash, think Barack Obama, Gordon Brown, Angela Merkel and the rest, held out just such a prospect. Instead we have ended up with Donald Trump, Brexit and beggar-thy-neighbour nationalism.The process set in train by the September 2008 collapse of Lehman Brothers has produced two big losers, liberal democracy and open international borders. The culprits, who include bankers, central bankers and regulators,...


By Hussain Ahmad Siddiqui

The Diamer Basha Dam project is not likely to take-off in the near future, it seems, given the size of the project and financial and technical challenges it poses. There has been poor response, if any, to Water and Power Development Authority’s “Invitation for Prequalification” to the prospective international contractors for the construction of main dam and appurtenant structures advertised in the national press on April 4, 2018.Last date for receiving the prequalification documents for the first major works, to be known as Contract ICB No DBDP , was June 19, which was subsequently extended initially to August 15 and now to...