Economy is more powerful than a powerful military….

It is the power of economic numbers that makes countries powerful, or super powers, and not the number of its military personnel. As a matter of fact, the super powers in human history gained their distinctions on the basis of the power of their GDP; the power to sustain military might. Without a robust and … More Economy is more powerful than a powerful military….

US economy; between devil and the deep sea….

The US economy is facing a crisis situation which, if not addressed by the end of this month, can blow up as a national catastrophe. As reported by The Christian Science Monitor, Washington’s self-imposed deadline to do something credible on the debt crisis before the Asian financial markets opened on Sunday passed in silence, marked … More US economy; between devil and the deep sea….

Pakistan’s biggest national taboo….

Pakistan’s economy is composed of three major components; agriculture, industry and services. Agriculture alone contributes nearly one-fourth of the GDP but in spite of this, the taxation structure of Pakistan is grossly distorted because agriculture sector dominated by the sitting parliamentarians has always been out of tax net. Pakistan’s tax-to-GDP ratio is one of the … More Pakistan’s biggest national taboo….

Thriving on turmoil in oil traders’ casino business…..

The oil traders have started thriving on Mideast turmoil and the windfall is in the neighborhood of millions of dollars. Over the last several weeks, traders have bid up and down the price of oil by almost $20 a barrel, and they have done so based almost solely on one, single fact: No one, apart … More Thriving on turmoil in oil traders’ casino business…..