DETEROIRATING EXPORT SECTOR
Export plays an important role in any country’s economy, influencing its level of economic growth, employment and the balance of payments.
Since 2016, Pakistan export sector is once again in a drastic situation, which has hurt the foreign reserves, and remittances of the economy. The trend of continuous fall in export has partly been compensated by declining the global oil and commodity prices that have led to 4.3% in overall import bill.
As State Bank estimates, Country’s exports dropped by 13 per cent as total exports dipped to $15.6 billion in the first nine months of the outgoing fiscal year from $17.9 billion a year ago, a drop of $2.3bn.
The falling exports are probably due to 2 factors: supply and demand. On the supply sector, higher cost of production, unskilled labor, investment, and low subsidies. And on the demand side, the major factor which is impeding the export growth slump is the preferences of the others country import.
Due to this alarming situation of export, economy foreign reserves has been deteriorated by 4 billion $ monthly that have led to a 77% gap in total export of the economy.
The first question arises here from the government if this export situation continues for a long time. Do you think, from investing on infrastructure or the orange buses, metro bus, green belts project will boost up the economy and will it decrease the heavily indebted economy?
There is the only way to decrease the heavily indebted economy is to increase its export sector.
To improve the export of the economy, Pakistan needs to increase the level of the budget on the agriculture sector, which could only be possible if government give subsidies to farmers, and to train the farmers on the new method of techniques.
Thursday, 3 November 2016
China-Pakistan Economic Corridor (CPEC), the $ 46 B deal Chinese gift to Pakistan, was formally conceived in May 2013, when China President Premier Li Keung officially visited in Pakistan on May 22-23 and had signed a memorandum on the CPEC on July 5, 2013.
The CPEC is a 3,218-Km network of roads, railways and oil from Gwadar Port to Kashgar China’s city. Through this project, China can trade with the half of the world countries that will make Chinese economy stronger and will also make the passive effect on Pakistan economy.
The main package of this mega project basically falls into two parts: transport and energy.
If all goes well and on a schedule of 21 agreements on energy- including gas, coal, and solar energy. This project would provide up to 6,400 MV of energy altogether. It will reduce the shortfall of 4,500 MV.
With the CPEC, there is hope the route will open business opportunities for the traders. It opens a new door of cooperation in the agriculture sector which would help in the transfer of energy pertaining to agrochemical, pesticides, seeds, and fertilizers. Moreover, the CPEC, some belief will boost up tourism in 73000 Sq-Km regions.
All in All, Investment by china will boost Pakistan’s $274 B GDP by over 15 %. Pakistan economic indicator like foreign reserves, GDP, employment rate, uprising and on the other hand inflation, fiscal budget deficit and unemployment going to be decline. Some expert opines this initiative can bring greater cohesion in South Asia, one of the world’s least economically integrated regions. Pakistan has gone in profit for the first time. The energy crisis is being tackled earnestly. Keeping strategic parity with India has now become an achievable goal for Pakistan.
The CPEC connected to Gwadar has the potential to radically alter the regional dynamics of trade, development, and politics. CPEC is a game changer for the entire region. It will uplift the life of about 3 billion people.
The CPEC is a 3,218-Km network of roads, railways and oil from Gwadar Port to Kashgar China’s city. Through this project, China can trade with the half of the world countries that will make Chinese economy stronger and will also make the passive effect on Pakistan economy.
The main package of this mega project basically falls into two parts: transport and energy.
If all goes well and on a schedule of 21 agreements on energy- including gas, coal, and solar energy. This project would provide up to 6,400 MV of energy altogether. It will reduce the shortfall of 4,500 MV.
With the CPEC, there is hope the route will open business opportunities for the traders. It opens a new door of cooperation in the agriculture sector which would help in the transfer of energy pertaining to agrochemical, pesticides, seeds, and fertilizers. Moreover, the CPEC, some belief will boost up tourism in 73000 Sq-Km regions.
All in All, Investment by china will boost Pakistan’s $274 B GDP by over 15 %. Pakistan economic indicator like foreign reserves, GDP, employment rate, uprising and on the other hand inflation, fiscal budget deficit and unemployment going to be decline. Some expert opines this initiative can bring greater cohesion in South Asia, one of the world’s least economically integrated regions. Pakistan has gone in profit for the first time. The energy crisis is being tackled earnestly. Keeping strategic parity with India has now become an achievable goal for Pakistan.
The CPEC connected to Gwadar has the potential to radically alter the regional dynamics of trade, development, and politics. CPEC is a game changer for the entire region. It will uplift the life of about 3 billion people.
Monday, 12 September 2016
IF YOU CAN’T FEED HUNDRED
PEOPLE THEN FEED JUST ONE
Poverty in Pakistan has fallen dramatically independent
bodies supported estimates of a considerable fall in the statistic by the
2007-08 fiscal year, when
it was estimated that 17.2% of the total population lived below the poverty
line. The declining trend in
poverty as seen in the country during the 1970s and 1980s was reversed in the
1990s by poor federal policies and rampant corruption. This phenomenon has been referred to
as the "poverty bomb".
At the time of the independence of Pakistan in 1947, Pakistan
inherited the most backward parts of South Asia with only one university, one
Textile Mill and one Jute Factory. Pakistan's major cities and urban centers
are home to an estimated 1.2 million street children. These includes beggars
and scavengers who are often very young.
Environmental problems in Pakistan, such as erosion, use of
agro-chemicals, deforestation etc. contribute to rising poverty in Pakistan.
Over 50 percent of Pakistan's population is living below the
poverty line, a World Bank report titled "World Development Indicators
(WDI) 2015" maintains. The international poverty line is two dollars a day
or an income of about Rs 205 per day in local currency. The report shows that
12.7 percent of Pakistan's population lives below $1.25 per day, which is
categorized as extreme poverty.
The poverty headcount ratio at $1.25 a day is the share of the population living on less than $1.25 a day in 2005 purchasing power parity (PPP) terms. The PPP 2005 $1.25 a day poverty line is the average poverty line of the 15 poorest countries in the world, estimated from household surveys conducted by national statistical offices or by private agencies under the supervision of government or international agencies.
The poverty headcount ratio at $1.25 a day is the share of the population living on less than $1.25 a day in 2005 purchasing power parity (PPP) terms. The PPP 2005 $1.25 a day poverty line is the average poverty line of the 15 poorest countries in the world, estimated from household surveys conducted by national statistical offices or by private agencies under the supervision of government or international agencies.
Poverty and the lack of a modern curriculum have proved
destabilizing factors for Pakistani society that have been exploited by
militant organizations banned by the government to run schools and produce militant
literature.
Hence, the government
should take a step to expunge poverty from Pakistan and give relief to poor
peoples and give the basic requirement to them for living.
Sunday, 11 September 2016
With the census data from 1998 practically obsolete,
it is fair to suppose that all of these important matters today are actually
based on suppositions that have no grounding in measured reality. Without a
clean and impartial census, we don’t really know the face of the country that
we are trying to run and govern.
A new census is badly needed but the obstacles that
stand in its way are formidable and need to be acknowledged. At the heart of
the foot-dragging is the demographic make-up of Sindh that nobody is very keen
to talk about. With the massive population influx over the years
There are a total of 166,801 blocks all over the
country needing 375,000 soldiers to carry out the population counting exercise.
But the meeting was informed that this number of army personnel cannot be
spared by the army at the moment as troops are currently deployed for the
ongoing Operation.
A second reason for delaying the census was that the
process of registration of Afghan refugees had not been completed as yet.
There are estimated to be over 2.5 million Afghan
refugees living in Pakistan whose registration cards have expired or who remain
unregistered. According to sources, the registration of Afghan refugees has
been a major point of contention for provinces, especially Balochistan, which
has refused to allow the holding of census before counting Afghan nationals is
completed.
A third factor put forth during the meeting was the
unavailability of government teachers, who would be required to carry out
duties during the census.
Sources said that the meeting, led by the prime
minister, decided to postpone the census bases on these reasons.
The new date of the population census will be
announced after consultation with provinces, said the sources. The next meeting
of the CCI has now been scheduled for March 25.
Saturday, 10 September 2016
Precaution is better than illness
Eid-Ul-Adha is a festival of
Muslims that is celebrated all over the world. Eid-Ul-Adha is also known as the
festival of sacrifice and sacrifice feast. Eid-ul-adha is celebrated on the
tenth day of zul Hajj, the Islamic month according to the lunar Islamic
calendar. Eid-Ul-Adha comes approximately after the seventy days of Eid-Ul-Adha.The festival of Eid-ul-Adha is celebrated in the remembrance of Prophet
Abraham’s readiness to forfeit Ishmael, his son for god. The story about this
festival tells how Abraham was ready to kill his son and remained true to God.
The story tells, how Allah told Abraham, to lift up the foundation of Kaaba
that was a holy place in Mecca. God also asked Abraham to sacrifice his son, in
a dream. Abraham along with his son started moving towards Mina for the
sacrifice.
Due to unavailability of free areas or grounds where animals can
be kept secured from theft, people are resorted to tying these animals as
close as possible. And that means either keeping them in their homes or outside
their streets. Due to this, many of us are in contact with farm
animals, which is unhealthy and unhygienic.
The
widespread Crimean–Congo hemorrhagic fever (CCHF) is also believed to threaten
thousands in the country through the consumption of sacrificial animals in the
upcoming Eid-ul-Adha.We do not realize that being in close contact with such animals
increases our chances of catching the Congo Virus, which is extremely deadly
and the death rate for the disease is quite high.
In 2012, the Lahore Waste Management Company (LWMC) disposed
of 28000 tones of animal waste at four dumping sites,
during the three days of Eid-ul-Adha. Once the animal has been sacrificed,
people throw away slaughter waste wherever convenient without even thinking
twice.
An expert at the Jinnah Postgraduate Medical Centre, Dr Semi Jamal,
said that people usually throw away the offal near their homes without
thinking about the associated health risks.
It has also
been recommended to establish veterinary posts at various provincial entry
points to detect and curb the spread of the disease. Hence, the government
should priorities this impending crisis so that so many human and animal lives
can be saved from the viral disease that has already ravaged countries in
Africa.
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