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| November 02, 2008 | Sunday | Ziqa'ad 3, 1429 |
What keeps the economy going?
KARACHI: More than anything, it is the people’s sense of survival against heavy odds that sustains national economy and prevents it from sliding below a certain level....
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Depending on dole outs for now
KARACHI: Squandering US$10 billion from precious reserves in less than 10 months, the country goes begging for $10 billion more. The President Mr Asif Ali Zardari, in his enthusiasm, a month...
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‘People have faith in government’
ISLAMABAD: Advisor to Prime Minister on Finance and Revenue Shaukat Tarin does recognise that people are hard hit by hyperinflation, but insists that they still have faith in the seven-month-old political government....
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Informal sector comes to the rescue
KARACHI: Want a daal-chawal plate for Rs15 when prices of grains are touching sky. There are catering vans serving daal chawal and other food at affordable prices to people at several places in Karachi, Lahore, Rawalpindi and other cities....
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No time for protests!
PESHAWAR: For Sabir Hussain Shah, an MBA in Finance, doing more than one job is a more practical option than wasting time in raising voice against the soaring cost of living....
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Citizens refuse to tighten purse strings
LAHORE: The economy is sliding, and the government is looking for an immediate financial bailout from the global lenders as it faces serious cash flow crisis....
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Consumer giants ride the storm
KARACHI: The idea of introducing affordable packs of three to 20 rupees in various household items helped retailers make deeper inroads in rural areas. This marketing strategy paid dividend as reflected in the balance-sheets of consumer products’ giants....
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Middle class bends backwards to make ends meet
KARACHI: Politically defined as the growth engine of a society, the middle class keeps the wheels of an economy moving. It is quite a job applying standard definitions to things in...
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Govt apathy discourages public agitation
FAISALABAD: Weary of the government apathy, people were no longer looking towards it for solution of their grievances. They devise their own strategies to pull through difficult times....
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SMEs keep wheels turning
KARACHI: In times of economic downturn, the small and medium enterprises (SMEs) play key role by absorbing labour and maintaining productivity....
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Informal sector is the key
MULTAN: In the eyes of agricultural, industrial and financial experts of southern Punjab Pakistan’s informal economy, agriculture and cheap labour happen to the major factors that keep the national economy going despite the worsening indicators....
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Cut in fuel prices termed insignificant
KARACHI: Leaders of Karachi Chamber of Commerce and Industry have termed the decrease in petrol and diesel prices “insignificant”....
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Hunger and desperation rule slums
KARACHI: Shrinking opportunities especially for daily wage earners amidst prevailing economic slowdown has threatened residents of slums (katchi abadis) with starvation as price hike has made food too expensive for their budget....
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The zeal for anything mechanical
GUJRAT: Continuing with its traditional zeal for things mechanical, the city of Gujrat has about 100 units with a workforce of about 15,000. The manual lathe machine was brought to the area by the British rulers about a century ago,.....
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Economists divided over reliability of official data
KARACHI: The official statistics reflect the state of the formal economy, it does not gauge the potential of the informal economy, which according to some independent estimates, is equal to or...
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Fan industry suffering
GUJRAT: The local fan industry is feeling the pinch of the global recessionary trend which has resulted in sharp contraction of demand both from domestic and export markets....
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Banks are safe, say bankers
KARACHI: Broadly speaking, the banking sector in the country is stable. Many may find it a bit surprising in view of the hit that global financial system has taken in recent days, but that is what it is....
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