As soon as the holly month of Ramadan was commenced so the prices of the commodities began to increase. People have hobson’s choice to purchase things on the price, they are forced to pay. The shopkeepers set the price-rate according to their own will and often they sell the products defying the price imprinted on the article. Because of hoarding and black marketing, an artificial shortage of commodities is created by the market players which causes price hike as a result. [Read more...]
Exports of Pakistan
August 7, 2010 By 1 Comment
Major Exports of Pakistan: To earn profit-whether logically or intangibly, is the core objective of each and every entity despite the fact that it is a profit seeking or a non-profit organization. From a sole-proprietor to a multinational firm and from a small private business to a whole government business, every one wants to sale more than purchase. [Read more...]
Economy of India 2010
July 18, 2010 By Leave a Comment
Economy of India 2010: India is a country, constituting about one-fifth of the total population of this financially crunched global world. India is rich in variety of weather, people and culture–the elements necessary for making progress by leaps and bounds. The second, population wise, biggest country India, have both prose and cons of her human resources, but been utilizing she has been utilizing the available manpower efficiently since the very inception of 1990s by letting herself to be an open market economy. The growth rate of India economy was averaged 7% between 1990 and 1997. Despite of India’s attachment was achieved through the open economy strategy, India is continuously going up on the graph of economic growth except the years eclipsed by the global financial crises 2007-08. From 2009, again, economic growth is in an increasing order. [Read more...]
NFC Award: National Finance Commission Award Of Pakistan
July 9, 2010 By Leave a Comment
National Finance Commission: Article 160 of the constitution of Pakistan says that after every five years the president shall constitute a National Finance Commission. This National Finance Commission will review the formula for the distribution of funds, taxes and other monetary assets among the Center and the Provinces and among the four federating units of Pakistan namely, Punjab, Sindh, Balochistan, Khyber Pakhtunkhawa. [Read more...]
Banks In Pakistan
June 30, 2010 By 2 Comments
There are seven types of banks in pakistan namely, Public Sector Banks, Islamic Banks, Private Banks, Foreign Banks, Development Financial Institutions, Specialized Banks and Micro Finance Banks. Under these seven catgories there are 54 banks in Pakistan and following are the top ten 10 biggest ones. The list and assets of these major banks of Pakistan have been given here. [Read more...]
Per Capita Income of Pakistan
June 23, 2010 By 7 Comments
The economic survey of Pakistan 2009-2010 has shown a meagre increase in per capita income of Pakistan. This is only a 0.4% rise according to the economic survey of Pakistan which was release by Ministry of Finance, Pakistan.
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Rise in Gold Prices Reason: Price Hike In Gold
March 22, 2010 By Leave a Comment
International market has experiencing surge in Gold Price since a year. On February 11, 2010 in London gold market rose to a near one week high at $ 1,090.85 an ounce. This surge implies the following reasons.
(1) Downfall in the value of dollar.
(2) Rising demand of gold jewellery.
(3) No new reserves of Gold are being searched.
SPDR Gold trust said that gold could test new high in the coming months if the dollar remained on a week trend. It is a quoted as a consequence of 2008 economic meet down 2010 is said to be much more economic driven so dollar would not show influence. It will be more closely aligned with supply and demand. [Read more...]
Richest Countries of Europe By GDP (PPP): Wealthiest EU Nations
March 20, 2010 By 2 Comments
Europe is the 6th largest continent with 35 boundary divisions. Out of these 35 countries, following are the top ten 10 richest countries with respect to GDP PPP (Purchasing Power Parity) per capita. [Read more...]
Exporting Countries: Major Export Countries In The World
March 15, 2010 By Leave a Comment
Export is a legal process of selling some goods or products from one country to another. The progress of any country depends upon the number of products it is exporting to other countries. [Read more...]
Richest Countries Of Africa By GDP (PPP): Wealthiest Nations Of African Continent
March 15, 2010 By 34 Comments
Africa is one of the largest continents in the world. This continent is home of 53 nation states. Africa is also the poorest continent in the world but still there are some progressing economies in Africa which are wealthiest or richest in Africa. Here is the list of top ten 10 most richest nations or countries in Africa with respect to GDP (Purchasing Power Parity). [Read more...]