Stories about business

Why Pakistan needs political policy based on academic research

The corona pandemic has reinforced several key messages about the way human beings govern their collective affairs today, whether they are they local, national, or global. These range from importance of sustainable development to the need for evidence-based policy formulation and implementation. We are living in an unprecedented era of change where technology is reshaping every aspect of life. The very nature of governance is changing and new human needs and problems are arising. It is pertinent to closely link the academia, industry and the market, without which the possibility of a viable public sector, successful governance and a ...

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Pakistan’s economic options during the coronavirus crisis

No matter what form of lockdown prevails in Pakistan, one thing is for sure, it will hurt the economy at large with the poorest households being affected the most. As the pandemic pushes the world towards a recession, thousands may lose jobs. According to the last census, a majority of our population, particularly those living in rural areas, earn around Rs 5,000 or less, which already greatly reduces the purchasing power of such households. Most daily wage labourers, both skilled and unskilled, are the most vulnerable and may slip further into destitution during the lockdown. Let us try and estimate ...

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Can Pakistan’s economic decay be halted?

Expectations were sky-high when Imran Khan took over Pakistan’s reins in 2018 with most voters hoping that their financial well-being would improve. The Pakistan Tehreek-e-Insaaf (PTI) government has now been in power for approximately 18 months, and therefore, it would be a good time to gauge whether the hopes of their voters were misplaced or warranted. More importantly, if the aforementioned hopes were misplaced, it is advisable for us to take a look at what measures need to be undertaken to bring stability to the economy. After trying and subsequently failing to balance the books with the help of friendly ...

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Is Pakistan’s e-commerce framework effective?

The E-commerce Framework of Pakistan highlights nine different aspects which require the government’s attention. The first one is the e-commerce regulations section. The policy outline for these regulations appear to have been created after much introspection and investigation. However, as someone who has seen e-commerce evolve and flourish in countries such as China, UK and finally Pakistan, I believe that a suitable perspective must be adopted when formulating these regulatory policies. E-commerce in Pakistan is still in its infancy. A McKinsey research states that the lack of funding opportunities in Pakistan is the first major bottleneck in the development of ...

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The flaws in Pakistan’s e-commerce policy framework

Pakistan’s e-commerce policy framework, which was announced last month, aims to implement measures which could be beneficial for the overall e-commerce environment in the country, however, the polices could also prove to be rather short-sighted in nature since the existing ecommerce situation is actually having a negative impact on the overall economy from a trade perspective. Although, there are 9 major points along which the e-commerce policy has been divided, much of the focus of the e-commerce policy seems to be on using the digital potential to export products to foreign countries, hence it is imperative to understand the dynamics behind exports using ...

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What does Pakistan’s improved ‘Ease of Doing Business’ ranking mean?

The World Bank’s latest rankings of 190 countries on the Ease of Doing Business (EDB) is out.  Pakistan did well, considering it moved up 28 rungs on the rankings ladder, from 136th place to 108th.  In this latest round, Pakistan is one of 10 countries (Saudi Arabia, Jordan, Togo, Bahrain, Tajikistan, Kuwait, China, India, and Nigeria) that have improved the most across at least three of the 10 factors that go into constructing the EDB rankings. The annual report received wide publicity on its arrival because the rankings matter. They reflect how conducive the regulatory environment is for opening ...

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Dear uninformed author, your list of the “Top 10 schools of Pakistan” is nothing short of misguided information

A few days ago, a publication listed the ‘Top 10 Schools of Pakistan’ on its website. The write-up in question, which was an anonymous contribution to the publication, went viral. I saw the article being excessively shared on my Facebook and Twitter feeds. The following is the list of top schools according to the publication’s ranking: Karachi Grammar School (KGS), Karachi Lahore Grammar School (LGS) 55 Main, Lahore Pakistan Air Force College, Sargodha Aitchison College, Lahore Cadet College, Hasanabdal Sadiq Public School, Bahawalpur Beaconhouse School System Gulberg, Lahore Lawrence College, Ghora Gali Chand Bagh School, Muridke Cadet College, Kohat Today, I finally decided to share it on my own social media account to see the response people ...

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I refused a sexual relationship with my boss, he refused to pay me for my work

If you’re working as a freelance writer, you’re bound to meet and work with people belonging to different cultures and mentalities. To maintain a healthy business in a professional manner, especially now when technology and virtual communication is integral to any business, it’s important to set certain restrictions and guidelines, leaving room for flexibility. But in all cases, be careful about who you trust because this is what happened to me when I let myself trust a ‘big name’. Two months ago, I chose to work for a well-known journalist, Wajahat Kazmi – one of those personalities who have a ...

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Does it arouse you to watch someone getting raped, India?

Real videos of rape are being sold in Uttar Pradesh, India. For Rs20 to Rs300. No, this is not a joke. Really think about that for a second. The person you know or heard of, that girl? Who got raped? Yes, the video is of her being raped. Again. And again and again. By not one, not two but four people. Four people who take turns holding the shoddy camera phone with which they are recording their victim being torn apart – physically and mentally. They are clawing at her clothes, biting parts of skin that can be seen. Biting hard, until the ...

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Will Hillary Clinton be another George Bush? Probably!

Donald Trump’s heavy tread has swept the path clear for liberals of all stripes to present or reinforce their creds by giving him a sustained, collective bashing. While he has succeeded in getting all guns to turn on him, his gleeful opponent seems to be getting off scot-free. It is perhaps time to wonder what sort of president Hillary might be, if elected. Unless Donald pulls a last-minute rabbit out of his ear, Hillary is liable to return to the White House, this time on the arm of the First Gentleman whose dubious comportment record will always haunt the ...

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