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Tag Archives: AGRICULTURE

Fixing the Agriculture Sector

Fixing the Agriculture Sector

Challenges and Opportunities Agriculture, industry and services are the three main pillars of our national economy. The recurring floods and the spread of alluvial soil from the Indus and its tributaries make the plains of Pakistan among the most fertile areas of the world. Historically speaking, agriculture of the northwestern part of the Indian Subcontinent (modern-day Pakistan) has been the …

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Pakistan’s Abandoned Agriculture Sector

The road to development goes through agriculture Agriculture is the lifeline of Pakistan’s economy. This sector plays a dual role in the economic development of the country as on the one hand, it produces crops to meet people’s basic needs of food while also saves huge foreign exchange by curbing imports of food items, on the other. It is a …

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A REGION AT RISK, The Human Dimensions of Climate Change in Asia and the Pacific

On July 14th, the Asian Development Bank released a report on the impacts of climate change on the Asia and Pacific region. The report warns that a business-as-usual approach to climate change will be disastrous for Asia, undoing much of the phenomenal economic growth that has helped it make vast inroads against poverty. It also says that Myanmar, the Philippines, …

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White gold crisis

By: Zulfiqar Ahmed Cotton farmers and economy have suffered a lot due to non-availability of quality Bt cotton seeds Known as ‘white gold’, cotton is the most important cash crop of a legion of farmers who grow cotton in Pakistan and is a major driver of the economy as around 55 per cent of country total exports i.e. textile exports, …

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Options for reform: Tax the privileged on agriculture income

By: Asim Bashir Khan KARACHI: Despite a consistent decline in agriculture’s contribution to Pakistan’s gross domestic product (GDP), the sector has kept its prominence in the national economy and continues to ensure food security. Agriculture constitutes one-fifth of the national economy with nearly 60% share in exports and provides means of living to 42.3% of the labour force. However, public …

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Digitising SMEs means digitising the national economy

By: Parvez Iftikhar ISLAMABAD: During my recent house renovation work, it was pleasing to see my semi-literate contractor using WhatsApp to remotely get my approvals for various small items that he had to procure for me. Normally, he would have brought some samples to choose from and then gone back to procure the selected ones; this has become quite a …

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COMPANIES ACT, 2017, A look at some salient features

On 30th May 2017, the Companies Act, 2017 (the Act), which replaces the 33-year-old Companies Ordinance, 1984, was assented to by the President of the Islamic Republic of Pakistan. The most significant legal reforms to bring the company law in Pakistan at par with current international standards are set out below: Borrowing Powers: part of memorandum Pursuant to Section 30, …

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INVASION OF THE ALIENS

By: SALMAN RASHID Pakistanis have the greatest knack for making the worst possible choices insofar as the natural environment is concerned. In 2016, motoring north on M-2, I was very pleased to see large scale destruction of the non-native, water-guzzling eucalyptus underway. On another trip shortly afterwards I was aghast to notice that the stumps, about a metre in height, …

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Punjab Budget 2016-17 A policy win?

Punjab Budget 2016-A policy

For long, the trickle-down theory has held its appeal for the economists around the world with the countries adopting policy instruments that were generally favourable to big businesses and wealthy elite. The idea governing the preference for this model has been a single-minded focus on achieving growth at any cost; secure in the belief that it will automatically lead to …

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Socioeconomic Problems of Pakistan

socioeconomic problems of pak revised

A nation-state is built on a political philosophy that delineates the mindset of its people. Hence, it is imperative for the state to recognize and provide its citizens with fundamental rights. Unfortunately, over the course of years we have seen a sheer lack of this provision in Pakistan as the country has been, and is still, facing several socioeconomic issues …

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