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….
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….
People have already become sick and tired of TV talk-shows where phony security analysts, economists and a host of other self-appointed experts try to give their “expert” views on sensitive matters. In addition to this, the talk-show hosts who are good-looking but mostly immature venture their opinion which lead the viewers to nowhere but inflict … More Pakistan Budget; don’t listen to phony experts.…
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….
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…..