Home » CSS Exclusive » Economy

Economy

Budget 2015-16

Budget 2015-16

On June 05, the federal minister for finance, Mr Ishaq Dar, presented the federal budget for the fiscal year 2015-16 with a total outlay of 4,451 billion. This size is 3.5% higher than that of budget estimates 2014-15. According to the official budget document, the resource availability has been estimated at Rs. 4.168 trillion against Rs.4,073.8 billion in the budget …

Read More »

Reforming The Tax System

Reforming the tax system

Although they say history is written by the victors, sometimes it’s just written by the elites. One such example can be found in the fall of Roman Empire. The demise of this once-mighty Empire is still the most powerful turning point in the world history. Though numerous causes can be attributed to the destruction of the Romans, one principal cause …

Read More »

Pakistan’s Economy in 2014

Economy

Fishing in the Troubled Waters The economy of Pakistan had been in turbulent waters since it remained grappling with one crisis after the other during the previous year. During this year Pakistan witnessed a lot more politics as well as the scourge of terrorism that left little room for reviving the crippling economy. In fact the year ended with a …

Read More »

Islamic Banking Explained

Islamic Banking Explained

Islamic banking is defined as a banking system which is in consonance with the spirit, ethos and value system of Islam and governed by the principles laid down by Shariah. As per the ordainments of Shariah, Islamic banking cannot deal in transactions involving interest/riba (an increase stipulated or sought over the principal of a loan or debt).

Read More »

Falling Oil Prices

Falling

Who are the winners and losers? During the course of past six months, the global oil prices have fallen sharply. From 2010 until mid-2014, world oil prices had been fairly stable, at around $110 a barrel. But since June 2014 these have almost halved. On January 13, 2015 the price of a barrel of Brent Crude crashed through the psychological …

Read More »

Sanctions, Economic War Crimes

Sanctions

A Russian Viewpoint The European Union and United States have been targeting Russia with economic sanctions. On 17 March 2014, the EU imposed the first travel bans and asset freezes against Russian and Ukrainian officials following Russia’s annexation of Crimea as there was “absence of de-escalatory steps by the Russian Federation”. Here is a write-up which elucidates the Russian viewpoint …

Read More »
JWT Dictionary
  • dictionary
  • English Dictionary

Double click on any word on the page or type a word:

Powered by DictionaryBox.com