Today’s feats of science and technology are the result of continuous and calculated efforts. The impact in all walks of life is too apparent to be ignored. The dreams of yesterday have become the realities of today. Modern technology is fast becoming an indispensable part of all. … Read more
After 47 years of independence, Pakistan is yet to stabilize its economy. We have achieved what any nation in the surface of this earth would hate to acquire, an unemployment rate of 6.38 percent, an inflation rate of 11.35 percent, a literacy rate of 35 to 36 percent only, a budget deficit of 45.5 billion … Read more
For many people, aware of the man’s growing dependence on fuel as a source of energy, had to change their view points in 1973. When OPEC (Oil and Petroleum Exporting Countries) halted their supply of oil, though commonly it is known as “Oil shock”, but it helped coining a new phrase called “Energy Crisis”. It … Read more
Third World is a name sometimes given to economically developing countries, particularly those in Asia, Africa, and Latin America. The term Third World is also used for politically neutral countries. Such countries are also called neutral nations or nonaligned nations because they do not regularly support either the First World or the Second World. The … Read more
COMMONWEALTH OF NATIONS An association of independent countries and their dependencies, linked by a common acknowledgement of the British monarch as head of Commonwealth. The … Read more
Current privatization efforts dwarf all which have gone before. In general, the “less developed” nations, including peoples of the Muslim faith, seem to have attracted the advocates of privatization. Disturbing results are obtained when the substance and process of privatization are juxtaposed to the teaching of Islam. In certain cases, privatization may result in the … Read more
How to move forward on liberalizing global trade? By incremental steps of an already agreed-upon agenda or by one great leap to free trade in a grand new negotiation? This question arises as trade ministers from the World Trade Organization’s 120 member countries prepare to meet in Singapore in December 1997 to chart the course … Read more
Though rising prices is not a new phenomenon, yet the common man tends to compare the current prices with those prevailing during the past few years. Prices have substantially increased since 1995, and have shown an upward trend, especially after the Budget and hikes in on regular administered prices. It is now very difficult for … Read more
The search for a New International Economic Order (NIEO) since 1974 has meant that the responsibility for achieving a basic economic security and freedom, economic domination of any given country is A that of the people of that country alone. It must be shared by the international community at large. In one sense, Pakistan’s vision … Read more
It must not be forgotten that modern technology has not made itself felt uniformly, nor even universally. Some areas – notably Russia, Pakistan and the Orient – are still dominantly agricultural; and their cities do not display the characteristics of cities as we know them in the West. Generally speaking, they still follow the ancient … Read more