The minimum wage of workers in Pakistan has been increased to eight thousand rupees, Prime Minister Yusuf Raza Gilani announced. Additionally, the Employees’ Old-Age Benefit Institution pension has been increased to Rs 2,000 from Rs 1,500. Gilani, addressing an event at said “Our democratic government is committed to bringing a socio-economic revolution in the country, [...]
Archive for the ‘Business’ Category
Illiteracy a Path to Ruin
By: Shaukat Masood Zafar Education has always been and continues to be one of the most important needs of mankind. Every Government is thus obliged to not only strive towards providing access to education to all its citizens but must also improve the quality of education in the country. Contrarily The Pakistani education system is [...]
Mixed economy better for Pakistan
By: Shaukat Masood Zafar Three decades back, the world was divided into socialists and capitalists describing it as cold war, a war between believers of free market and those who see socialism as the better and fairer way of organizing societies. The economies of nations behind the Iron Curtain were in trouble. They both believed [...]
Menace of hoarding – major cause of poverty
By: Shaukat Masood Zafar Pakistan was perhaps the only country in the world where food was plenty. Now it is facing a daunting challenge of unprecedented inflation and food shortage, making it a key concern for the policymakers, economists and market participants. Widespread hunger and malnutrition is now the reality of Pakistan. There is hardly [...]
Corruption in Pakistan and Need of Accountability
By: Shaukat Masood Zafar According to Transparency International Pakistan (TIP), Pakistan has lost an unbelievably high amount, more than Rs8,500 billion (Rs8.5 trillion or US$94 billion), in corruption, tax evasion and bad governance during the last four years of Zardari-led Prime Minister Yusuf Raza Gilani’s tenure. Corruption has increased in recent years at alarming level. [...]
Pakistan’s economy: during military civilian regimes
By: Shaukat Masood Zafar Pakistanis are not mature enough with democracy regime; while most of the politicians are morally bankrupt! The country’s current misfortune is due to civil leadership, who has demonstrated no appetite for sustainable change, economic or social. The effect of the stronger economic performance during military regimes translated into something more meaningful [...]
Drug Prices go up by upto 100 Percent
By: Shaukat Masood Zafar The prices of 350 medicines increased from 20 to 100 percent in the wholesale and retail markets across the country increasing inflationary pressures. Almost all local and multinational pharmaceutical companies notified the increase to their respective distributors, dealers and wholesalers. The increases – some as high as 100 per cent – [...]
Leadership crisis and its impacts in Pakistan
By: Shaukat Masood Zafar Pakistan’s rich human and material resource endowments have given it the potential to become a major player in the global economy. Pakistan is rich in minerals. It has good agriculture potential. The young population in Pakistan is large — as is the percentage of young who are unemployed but well-educated, meaning [...]
Pakistan wins Jazz Cup 2012 Test Series
Mobilink extends congratulations to the Pakistan cricket team on its test series win over England in the Jazz Cup 2012 being held in the UAE. Jazz partnered with the Pakistan Cricket Board to organize ‘The Mobilink Jazz Cup 2012’ in the United Arab Emirates as the home series for Pakistan. The two tests held so [...]
What Are the Main Reasons to Be Cautious of Mobile Banking?
Mobile banking is still a fairly new technology. More and more people are now using their mobile devices to check their balances, make payments and do everything else that we’re used to doing online: so are there any reasons for caution, any more so than there would be were you doing your online banking via [...]



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