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Europe now needs full-blown QE
8697_8_18_2014_1.gifIt is hard to imagine how much more evidence European policy makers need before conceding their eurozone growth plan is not working.

It transpires that as Germany’s footballers were surging triumphantly through the early stages of the World Cup, its companies and households were performing more like the England team, dumped out in the first round.

Data released yesterday showed that even allowing for weather-related timing effects, the German economy underperformed expectations by shrinking 0.2 per cent in the second quarter of the year. ....

Economy splutters
By Aamir Ashraf
8701_8_18_2014_1.gifMany economists say that Pakistan is not a country which lives beyond its means; it rather doesn’t have the means. The statement may appear a bit too cynical, but the fact is that Pakistan’s strangled economy remains caught in a low-income, low-growth trap for the past several years. Energy shortages, a weak tax structure and low investment have aggravated the crisis further. Pakistan is nowhere near developed economies, which have touched the frontiers of the text-book economics. It remains a poor performer even if compared with the regional economies let alone other fast developing mid-level economies. The country of 180 million people is facing ‘known’ problems that have been successfully dealt with before in other parts of the world. ....

In hot water
By Tariq Ahmed Saeedi
8702_8_18_2014_1.gifGovernment has showed its resolve to maintain rupee value at 98 and to compensate the subsequent loss to exporters it brought down mark-up on export finance by two percentage points and gave exporters duty drawback of four percent.

However, International Monetary Fund (IMF) is expecting minimum eight percent depreciation in rupee value to Rs111.14 per US dollar for 3.5 percent exports growth in fiscal 2014-15. ....

Women’s employment
By Shazia Mirza
8703_8_18_2014_1.gifPakistan’s female population is estimated to be 48.65 percent of the total, the majority of which lives in the country’s rural areas. In rural Pakistan opportunities for women are still lower than those the limited ones for their sisters in the urban centres. According to Labour Force Statistics (LFS) 2012-2013, of the estimated 180 million people, only 12.51 million Pakistani females of various ages are in employment of some sort.

For a better understanding of the situation related to female employment in the country, let us place it in a 11-year timeframe (2001-02 to 2012-13), taking into consideration their age-specific activity roles, their educational levels (or lack of them) and their overall employment status. ....

The damned dressmakers
By Nadia Naqi
8704_8_18_2014_1.gifKarachi’s Banaras town has the biggest cottage industry of bridal couture – the flamboyant South Asian traditional wears that are worth a fortune. But the craftsmen, who specialise in this traditional art, survive on wages less than the minimum set for unskilled labourers.

A sprawling neighbourhood that buzzes with the constant hum of weaving machines, the houses in Banaras town are mostly two-storied half-built structures, with a ‘factory’ on the ground floor, a dyeing department on the first floor and the families (read: workers) living on the roof top. ....

Turbulent times
By Haris Zamir
8705_8_18_2014_1.gifThe turbulent political scenario has dragged down the stock market - with the pivotal KSE-100 index losing 1300 points during a single intra-day trading – thus marking it as the single largest decline in the history of the stock market. The main factor behind the fall is the uncertainty generated by Imran Khan’s and Tahir-ul-Qadri’s march towards Islamabad, which has sent grave signals to domestic investors.

As such, selling at the stock market was widespread with all the heavy weight, secondary and third tier stocks suffering heavy erosion, with a majority of them clocked at lower locks. Lower locks witnessed a decline of 5 percent in the share price or decline of Re 1 in their price in a single day (for smaller scripts). ....

State corporatisation (part I)
By Istaqbal Mehdi
The issue of State Owned Enterprises (SOEs) has been in focus among the commentators in Pakistan for the past few years. On top of that, the increasing fiscal deficit has further sharpened the focus on the losses of SOEs, and a large number of analysts advocate privatisation as a solution. However, keeping in view the experience at the national and international economic level, this is not a viable solution, as despite privatisations and asset redundancies, a substantial size of residual public enterprises remains. ....

More Articles   
- State corporatisation (part I)

- Turbulent times
- Environment-friendly!

- Women’s employment

- Europe now needs full-blown QE
- How to achieve a work-life balance
- Home improvements are left on the shelf
- Business has lost its place in the community

- The damned dressmakers

- Economy splutters

- In hot water


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