Information of the world » Countries

Why US Supports Israel

Mohsin Ali — Thu, 29 Jul 2010 08:47:13 +0000

A nation with separate identified religion, having more than any other nation’s prophets, was country less before the August of 1949. Nazis, during and before the world war II, torched, massacred, and even burnt alive in the specially tailor-made Iron Cabins for the same purpose. The remaining a few Jews dispersed around the globe started to gather under a great conspiracy against the people of Palestine. USA, the winner of the Second World War, helped the Jews to lay the foundations of the greater Israel. Palestine and suburbs, according to the Jews beliefs, are the inherited areas of the Jewish old empire. They, therefore, should clutch their property of religious importance back from the occupied. USA and the Great Britain tried their best to get the Jewish dream realized. Thus USA played a vital role in assisting the Jews to get their home back. America helped the newly established; Israel in the complex task of absorbing and assimilating masses of immigrants from the USSR, Ethiopia, the Arabian countries and Europe, in a short period of time President Trueman donated $ 135 million to newly born Israel in order to bear the preliminary expenses of the state and the establishing cost of the immigrants. The US support for Israel has been continuously increasing horizontally as well as vertically since early 1950s. Memorandum of understanding between the two states was signed in 1981 followed by a Free Trade Agreement proposed by Israel. US was the foremost country which signed the Free Trade Agreement in 1985. FTA was the cornerstone of the evergreen relationship between two states. US, even in 1989, helped Israel to absorb about one million Jews immigrants. US-Israel-Joint Economic Development Group is on other financial tie under which Israel received $ 9 billion from US in 2003. There are many corporate exchange pacts between the two. Israel is the only country which have more listed companies at NASDAQ than any other country after the North Atlantic Countries.
But the pinching question is that what is the reason behind such a coherence among the policies and the powerful relations between US and Israel? or Why US supports Israel? or Why US sides with Israles? Yes it is the Jews community working, living and controlling the big chunk of the whole of the USA economy. The Senate, the legislative assembly and all the critical post are filled either by the Jews or the satellite persons of the Jewish lobby. All the key political, social, religious and economic meetings and organizations are under the great influence of the Jews. It then, is very logical that why USA support Israel, even say yes to her illegal and evolutionary deeds. The propaganda for the greater Israel is commonly propagated by the Jews and the Roman Catholic Christens. Their shared goal is to evacuate the land of solomon by exiling the Muslim residents from the delta of Nile and all adjacent areas which today are under the control of Muslim states. The only party which is against the Jews, is of Protestants. Otherwise the whale of US is under the thumb of economic tycoons of the Jewish servicemen. Muslims and Islam is the common enemy of both USA and Israel. Israel is sharing borders with Islamic states, USA, therefore supports her ally to nip the enemies as she can. For this purpose US provides all sorts of help-political, economical defence material (weapons)- to Israel to cope with the Muslims. The Israel – Lebanon war of 2006 and other incursion over neighbouring states are vivid examples of the friendship between US and Israel. US allotted Arrow Ballistic Missile technology to Israel. ABM is the most recent missile technology yet.
Despite of many ups and down the US- Israel relationship is exemplary and it seems to be the same in the future. USA also supports every act of Israel in United Nations Organization. She has used maximum number of Vetoes in favour of Israel. These supportive acts of USA give a free hand to this “illegitimate child of America” to do whatever it wants to suppress the Palestinians and other neighbouring Muslim countries.

Economy of India 2010

Adnan Khan — Sun, 18 Jul 2010 12:08:12 +0000

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.
What the Indian economy, would be in 2010, it can be foretold by peeping into the previous year’s performance coupled with the global trends. A number of industrial giants and titanic banks have been swept by the financial crisis of the first decade of the 21st century. Many European and American states are still under the clouds of the great crisis but India has came out of this economic laberinth because of its cautious banking policies. The diversity in the ingredients of economy also helped to shatter the crisis up.
The deficit in 2009 was 6.8% GDP, this year it seems to be shrinked because the volume of both exports and imports has been in decreased from 187.9 billion to $ 155.1 billion and $ 315.1 to $ 232.3 billion respectively. On the other hand the reserves of foreign exchange and gold have been increased from $ 254 billion to $ 282 billion in 2009. It will pillow the tired traveler of economy, hopefully, in 2010. India is an agrarian country. The agriculture composed 17.5% of GDP last year, a surge in agri-production is seemed because of the increase subsidies, by the Indian government, for the formers to let him know the new techniques of harvesting.
Industrial sector of India is composed of two folders – modern and huge industries and handicrafts. The successful escape from financial crisis has saved the Indian huge industrial sector. Although the production this year will not be more than that of the proceeding one but the normal profit above the break, would be expected as the crisis has not long lasting impressions on both the industrial and agricultural sectors. The service sector is also safe and sound. The share of services in 2009 was estimated as 62.8% of GDP which is expected to be expanded to be expanded up to 70% of GDP because of a shrinkage in the industrial production. The central bank of India has adopted a strict chain of policies to control the inflationary impact by modifying the fiscal and monetary policies.
The unemployment rate in 2009 and 2008 was 9.5% and 9.1% respectively. It will increase in 2010 by 0.5% because of less volume of manufactures. Unemployment is not only increased in India alone, it is a universal trend which has enveloped the whole of America, Europe and Asian tycoons.
Foreign debt of India increased by $ 3 billion over last years. It is very favourable increase in debt for a country like India, with a huge population and a permanent involvement in warlike activities. The defense budget is slicing a big chunk away from the development section.
India has also proposed a limited privatization of government-owned industries in part to offset the deficit. India’s long term challenges include inadequate physical and social infrastructure, limited employment opportunity and sufficient basic and higher education. In the long run, however, the huge and growing population is the fundamental social, economic and environmental problems. Overall Indian Economy Overview 2010 shows positive trends.

NFC Award: National Finance Commission Award Of Pakistan

Talib Akhtar — Fri, 09 Jul 2010 05:56:14 +0000

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. Composition Of NFC Award:
1) Minister of Finance of the Federal Government.
2) Ministers of Finance of the Provincial Governments.
3) And such other persons as may be appointed by the President after consultation with the Governors of the Provinces.

Functions of National Finance Commission: Following are the major functions of national finance commission

i. The distribution of funds between the Federation and the Provinces of the net proceeds of the taxes.
ii. The making of grants-in-aid by the Federal Government to the Provincial Governments.
iii. The exercise by the Federal Government and the Provincial Governments of the borrowing powers conferred by the Constitution.
iv. Any other matter relating to finance referred to the Commission by the President.

National Finance Commission Award: The decision of national finance commission is called national finance commission Award. 7th national finance commission Award was passed in 2010

Salient Features of 7th NFC Award 2010
Size of Divisible Pool:
As a consequence size of Divisible Pool enhanced by Rs. 68 billion.
Share of Provinces was approximately Rs.39 billion.
Collection charges decreased from 5.2% to 1%.

2. Vertical Distribution
-Provincial share increased from 48.75% to 56% in the first year.
-The provincial share would increased to 57.5% after the first year.

3. Horizontal Distribution
-Multiple criterion have been set for distribution of share among the Provinces.
1 Population              82%
2 Poverty              10.30%
3 Revenue               5.00%
4 IPD (Inverse Population Density)      2.70%

4. Province Wise Weightages
1. Punjab                 51.74 %
2. Sindh                     24.55 % ,
3. Khayber Pakhtonkhwa   14.62 %
4. Balochistan               9.09 %

5. GST on Services
-Federal Government recognized that the Sales Tax on Services is a Provincial subject. NFC decided that it might be collected by Provinces if so desired
-Provinces will gain Rs. 30 billion as a result of this decision.

6. Gas Development Surcharge
-On account of GDS
-Balochistan    28.7 percent,
-KP        3.0 percent,
-Punjab    7.8 percent
-Sindh    60.4 percent.
-As per former formula, the loss of royalty to Balochistan is about Rs 2 billion which will be compensated through generating additional revenue of Rs 1.8 billion under the revised formula. (10 %)

7. Relief Measures for KP and Balochistan
-KP NFC recognized the role of NWFP as front line province against War on Terror
-Federal Government to bear all expenditure
-1% of net proceeds of Divisible Pool ear-marked for KP
-Balochistan ,As the most under-developed province of Pakistan and having peculiar geographic and economic characteristics, Balochistan needed special attention of NFC. In the horizontal distribution, its provincial pool has been increased to 9.09% (approximately twice the 2009-10 Divisible Pool transfers). Moreover, Federal Government has promised to cover any short fall due to lower federal revenues.

Highest Island: Island Of The World

G Abbas — Sat, 03 Jul 2010 09:12:00 +0000

Highest Island in the world is New Guinea while Akuntan island is the second highest island of the world. Other top ten tallest or highest islands are given below with their height in meters and feet together with location. These are also the most beautiful islands of the world.

New Guinea Island Picture

Name: New Guinea, Papua New Guinea
Location: Indonesia
Hight in Meters: 5,030
Hight in Feet: 16,503

Akutan Island

Name: Akutan, Alaska
Location: USA
Hight in Meters: 4,275
Hight in Feet: 14,026

Borneo Island Picture

Name: Borneo
Location: Indonesia/Malaysia/Brunei
Hight in Meters: 4,175
Hight in Feet: 13,698

Hawaii Island Photo

Name: Hawaii
Location: USA
Hight in Meters: 4,205
Hight in Feet: 13,796

Formosa Island Picture

Name: Formosa
Location: China
Hight in Meters: 3,997
Hight in Feet: 13,114

Sumatra Island Photo

Name: Sumatra
Location: Indonesia
Hight in Meters: 3,804
Hight in Feet: 12,480

Ross Island Photo

Name: Ross
Location: Antarctica
Hight in Meters: 3,794
Hight in Feet: 12,448

Honshu Island Picture

Name: Honshu
Location: Japan
Hight in Meters: 3,776
Hight in Feet: 12,388

South Island Photos

Name: South Island
Location: New Zealand
Hight in Meters: 3,764
Hight in Feet: 12,349

Lombok Island Pictures

Name: Lombok
Location: Lesser Sunda Islands, Indonesia
Hight in Meters: 3,726
Hight in Feet: 12,224

Rivers Of Pakistan

Adnan Khan — Fri, 02 Jul 2010 14:01:22 +0000

Water, a finite commodity, has a direct bearing on almost all sectors of economy. In Pakistan its importance is more than ordinary due to the agrarian nature of the economy. Pakistan has the widest irrigation system in the world. Among the available resources of water in Pakistan, the river water is the biggest one. There are five major rivers of Pakistan.

Indus River In Pakistan

The Indus: The creation of the embryonic Indus river system, the main source of surface water in South Asia, most likely began 50 million years ago when the Indian plate, Gondwanaland, first collided with Eurasia, Angaraland and formed the Himalayan Mountains in the Mesozoic era. The Indus River system comprises of three major reservoirs, 16 Barrages, 2 head-works, 2 Siphons across major rivers 12 inter link canals, 44 canal systems(23 in Punjab, 14 in Sindh, 5 in Khyber P and 2 in Balochstan) and more than 107000 water courses. The aggregate length of the canals is about 56073 km. It originates from singikahad near Manshwar Lake. Important engineering’s Tarbela Dam and Gazi Brotha Hydro Power Project.
Length Of Indus River – 2700 Km.
Catchments area – 404220 Km.
Annual Average flow – 48 MAF.

Chenab River In Pakistan

The Chanab river originates in the Kulu and Kangra districts of the Himachal pardesh, provinces of India. The two chief Streams of Chenab—the Chandr and the Bangr—rise elevation of 16000 feet. These join at Tandi in the state of Jammu and Kashmir. Feed by inumerable tributaries on the long journey from its headwaters, the river gains immense power region above Kashmir. In enters Pakistan through Sialkot near Diawara Village.
Length in Pakistan – 724 km
Important Engineerings– Marala Barrage khanki Barrage
Catchmeet Area – 41656 km
Annual Average flow – 12.38 MAF
The chenab flows through the alluvial plains of the Punjab province. It is then joined by the Jehlum Riverat at Trimmu, 64 km downstrons of Trimmu, the river Ravi joins it. The Satluj joins Chenab upstream of Punjnad and finally at above 64 km below Punjnad it meets of river Sindh at Mithankot. The river Chenab has Marala, Khanki, Punjnad, Trimmu and Qadirabed Barrage and Marala – Ravi link Canal. India has constructed Salal Dam in Jammu about 40 miles upstream of Marala Barrages.

Sutlej River In Pakistan

River Sutlej longest of the rivers that give Punjab (meaning “Fiver River”) originates in western Tibet in the Kailas mountain ranges. Flowing Northwest and West – South West through Himalayan gorges, it crosses Himachal Pardesh state (India) and enters the Punjab plains in Hoshiarpur district, Punjab state.
Total length – 1450 km
Length in Pakistan – 526 km
Important Engineering– Dialpir canal, Islam Barrage, Sulemanki Barrye
Catchment Area – 65932 km
Annual Average flow – 0.021 MAF
Continuing Southwest in a broad channel, it relieves the Beas River and from 105 km Indo-Pak border before entering Pakistan and joining the chenab river west of Bahawal Pur.

Jhelum River Picture

The Jhelum is a large eastern tributary of the Indus. It rises from a deep spring of Vernag, in the Indian-held Jammu and Kashmir state. The river moves North-West ward from the Northern slope of the Pir Panjab range to Wular Lake. At Mazaffarabad, the Jhelum joins the Kishanganga river and then bends Southward forming part or the border between Azad Kashmir and Khyber Pakhtunkhawa. Near Mangla, it breaks through the Siwalik range into broad alluvial plains. At Jhelum town the river turns South-West ward to Khushab and then bends Southwards to join the Chenab river.
Total length – 725 km
Length in Pakistan – 379 miles
Catchment Area – 21359 miles
Annual Average flow – 11.85 MAF
The Mangla Dam is one of the biggest dams of Pakistan built on Jhehlum river and its reservoir irrigates about 3,000,000 acres of land and has an installed capacity of 300 MW of electricity.

Ravi River In Pakistan

The Ravi is the smallest of the five main eastern tributaries of Indus. It rises in the Himalauans in Himachal Pardesh (India) and flows west – Northwest past Chamba, turning Southwest at the boundary of Jammu and Kashmir. It flows past Lahore and turns west near kamalia, emplying into the chenab River South of Ahmadpur sial after a course of about 764 km.
Length in Pakistan – 675 km
Important Engneerings – Balloki and Sindh nai head works.
Catchment Area – 25185 km
Amnual Average flow 1.47 MAF.

Most Widely Spoken Languages Of The World

G Abbas — Thu, 01 Jul 2010 05:11:44 +0000

Approximately there are 6900 languages currently spoken around the world, but the majority of which have only a small number of speakers. About 4 billion of the earth’s 6.5 billion people of the earth’s total population speak one of the following 10 languages. Languages are ordered below by number of speakers. List of top ten most widely spoken languages of the world.

Mandarin (Chinese)

Mandarin is spoken by over 1 billion people, making is the most widely spoken language on the Earth. This language is fairly polished language because it can be spoken in China, Brunei, Cambodia, Indonesia, Malaysia, Mongolia, Philippines, Singapore, South, Africa, Taiwan and in Thailand. The varieties of this language cover a huge area containing nearly a billion people. As a result, there are pronounced regional variation in pronunciation, vocabulary and grammar.

English

English is the second most widely spoken language in the world. English is also universal language with 600 million speakers worldwide. The language is officially spoken in over 50 countries till 2010. It is spoken in the countries like U.K., U.S.A, Australia, Brunei, Cameroon, Canada, Fiji, New Zealand, South Africa etc. It is the most studied global language as well as the major source of communication among different cultures and civilizations.

Spanish

Spanish is the third most widely spoken language in the world with around 350 to 400 million speakers. The official language is spoken in just over 20 nations including Mexico, Spain, U.S, Colombia, Cuba, Andorra and Venezuela. Mexico contains the largest population of Spanish speakers. It is also one of the six official languages of the United Nations.

Hindi / Urdu

Basically, Hindi and Urdu are two languages with almost same background. In Pakistan, Hindi is modified and written in Arabic script which is known as Urdu, whereas in India, it is written in the Devangari script therefore named as Hindi. There are almost 340 million human beings who speak Hindi. Hindustani is the primary language of India’s crowded population, and it compasses as huge number of dialects. In Pakistan 7.57% Pakistanis speak Urdu and 160 million people worldwide speak this language.

Russian

Russian’s vast geographic reach and populous nation makes it sit at number 5 with 275 million speakers in the world. Mikhali Gorbachev, Boris Yeltsin and Yakov Smirnoff are among the millions of Russian speakers out there. But given the low life expectancy among men there and Arabic’s accelerated growth, Russian may slip in ranking over the next decade.

Arabic

The official language in roughly 25 nations, over 260 million people speak Arabic, from Iraq to Morocco. Both Persian and Urdu use the Arabic script but differ from Arabic. Arabic is a Semitic language. It is one of the world’s oldest languages which is mainly spoken in the Middle East. It is also one of the six official languages of the United Nations. Arabic is the language of Quran so it is often associated with Islam.

Bengali

There are over 210 people worldwide who use Bengali as their mode of communication, so it is the seventh most widely spoken language in the world after Arabic. This language is spoken in Bangladesh India and Singapore. In fact, Bangladesh is a country of over 120 million, most of whom speak Bengali. Its history dates back to Aryan era about 2000 years ago.

Portuguese

Portuguese is the 8th most widely spoken language with 175 million speakers in the world. After winning its independence from Spain in the 12th century, Portugal’s influence expanded rapidly. Now, this language is spoken in Angola, Brazil, Cape, Verde, France, Portugal and Guinea-Bissau because these nations were under Portuguese colonial power. It can be spoken in three to four regional tones.

Malay -Indonesian

Malaysia and Indonesia share lots in common, one of the main attributes is language. There are many dialects, but the most popular is Indonesian. It is spoken by over 170 million people, and sit in the ninth number in the world. Indonesia is a fascinating place, a nation made up of over 13000 islands and the sixth most populated country in the world. Malay is spoken is two different accents.

French

Over 130 million human being of this planet speak French, which makes it the 10th most widely spoken language in the world.It is also one of the six official languages of the United Nations. Its speakers mainly found in France, but French’s reach extends to Africa, North America as well as in parts of Asia and South America. Up to the French revolution, France’s imperialistic nature led to the expansion of “la language Francaise” and its presence is worldwide to this day.

Banks In Pakistan

G Abbas — Wed, 30 Jun 2010 05:43:13 +0000

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.

Standard Chartered has been operating in Pakistan for over 140 years, with the chartered Bank first opening an office in Karachi in 1863. Today it is the largest and the oldest international bank in Pakistan with 127 branches. Its total estimated employs are over 9960 in Pakistan.
The State Bankof Pakistan is the central bank of Pakistan. Its headquarters are located in the financial capital of Pakistan, Karachi, with its second headquarters in the capital, Islamabad. In February 1994, the State Bank was given full autonomy, during the financial sector reforms. Its primary functions include issueing of notes, regulation of financial system and implementation and formulation of monetary policy. SBP has also directed the use of credit according to development priorities, providing subsidized credit.
National Bank of Pakistan maintains its position as Pakistan’s premier Bank determined to set higher standards of achievements. It is the major business partner for the Government of Pakistan with special emphasis on fostering Pakistan’s economic growth through aggressive and balanced lending policies, technologically oriented products and services offered through its large network of 1431 branches locally, 24 branches internationally and representative offices. It was established in 1949.
HBL(Habib Bank Limited) has more than 1,425 branches all over Pakistan and present in 26 countries across five continents. It has a domestic market share of over 40%. It continues sector with a major market share in inward foreign remittances (55%) and loads to small industries, traders and farmers. It is one of the largest Bank of Pakistan having total total assets of RS. 434,931,930,000.
Muslim Commercial Bank Ltd (MCB), is the largest private sector bank in Pakistan. MCB is also one of the leading banks of Pakistan with a deposit base of about RS.280 billion and total assets of around RS.300 billion. In 1974, MCB was nationalized along with all other private sector banks. This led to deterioration in the quality of the banks services like loan portfolio and other service. The Bank has a customer base of approximately 4 million and a nation wide distribution network of 1,026 branches.
Bank of Punjab was established in 1989, in pursuance of the Bank of Punjab Act 1989 and was given the status of scheduled bank in 1994. The Bank of Punjab is working as a scheduled commercial bank with its network of 272 branches in Pakistan. The Bank provides all types of banking services such as Deposit in Local currency, client Deposit in Foreign currency, Trade industry and Agriculture loaning.
Bank Alfalah Limitedis a private type bank of Pakistan that is owned by the Abu Dhabi Group. In Pakistan, The Bank became functional in the year 1997.Currently there are 238 branches of Bank Alfalah in the 75 different cities of Pakistan. Its head office is located in Karachi. The bank perceived the requirements of customers and matches them with quality products and service solutions.
Askari Bank Limitedformerly known as Askari Commercial Bank, is one of the quality banks in Pakistan. Its activities are to provide lending, depository and related financial services. As of 31 December 2008, the bank operated in 128 branches, as well as 1 offshore banking unit in Bahrain. Askari commercial Bank was incorporated in 1991 and was headquartered in Rawalpindi, Pakistan. Askari commercial Bank’s agricultural banking products and services include various finance products that include tractor finance and easy loans for farmers. As on December 31, 2007, the bank had equity of PKR 182.17 billion, with over 800,000 banking customers, services by 6,808 employees.
United Bank Limited is one of the largest private commercial bank in Pakistan with over 1000 branches and has an international presence in 10 countries. UBL has assets of over RS.550 billion and a solid track record of fifty years-in addition to the convenience of over 1112 branches serving throughout the country and also at several overseas locations. It was established in November 7, 1957. The bank offers personal banking, cash management, retail loans and other financial services.
On January 1, 2002 Al Faysal Investment Bank Limited, another group entity in Pakistan, merged into Foysal Bank Limited which resulted in a larger, stronger and much more versatile institution. It is a full service banking institution offering banking facilities to its individual and corporate customers. Faysal Bank also operates standalone Islamic banking branches under the operations of the Islamic group, which are conducted through 12 a branch offices located in all over Pakistan.

Causes Of Unemployment In Pakistan

Mohsin Ali — Fri, 25 Jun 2010 12:34:56 +0000

Unemployment in Pakistan

Economy of an individual is at the utmost priority of every democratic as well as welfare state. Since the dawn of human history, individual needs have been prioritized by every human being. These individual needs can be met by proper sources of employment. After the transformation of the world from a feudal to an industrial society, the needs of an individual have risen sharply, giving due importance to finance.In Pakistan, due to gigantic rise in population, individual finances have been disturbed a lot. This is because of rising unemployment. The major cause of unemployment in Pakistan are following.

The first cause of unemployment or joblessness in Pakistan is worsening law and order situation. Owing to this negative social phenomenon, foreign direct investment is sliding down to the bottom. According to the economic survey of Pakistan, in the current decade FDI was minimum last year.Also investors are loosing confidence in the political and economic system of the country therefore they are reluctant to invest in any new business venture. Resultantly, new jobs are not generating while the job seekers are rising continuously in the country.
Secondly, Agriculture is account for the maximum job provision in the country. Agriculture sector is facing severe challenges of water shortage, climatic changes and technological backwardness in recent years. These factors have hit the per acre yield negatively which caused loosing of jobs of several people. In 2009-10, agriculture showed a growth of only 2% against the target of 3.8% while nearly 62% of Pakistan population is living in rural areas, and is directly or indirectly linked with agriculture for their livelihood.
Thirdly, Industry is also a heaven for educated as well as semi-educated labour force in the country. Pakistan industry is short listing its labour because of gradual decrease in demand as well as acute energy shortage. Energy shortfall crosses 5500 MW at time causing severe damage to production capacity.
Fourthly, World economic depression coupled with American war against Terror has also put negative impacts on our economy. It has not only doubled our expenditures on military front but also defaced Pakistan’s image in international arena. These factors have put international investment in Pakistan at risk. Therefore, Pakistan is not attracting new investment causing unemployment in the country.
Fifthly, United States of America spent 368 billion in 2007 on research and development whereas Pakistan’s attention towards this sector is the least. By spending on education and research, we can create more specialized fields thus generating more jobs. In the 2010 budget, Pakistan has earmarked only 2% of its GDP on education which is the lowest in whole of the region.
Sixthly, Population increase is also a cause of unemployment in Pakistan. Till 2010, Pakistan’s population is 173.54 million wheras most of the population is unable to survive in the financial race because of illiteracy. In Spite of these factors poor governance, deep rooted corruption, faulty educational system, lack of quality educational institutions and feudalism are also aggravating the situation further.
Finally, we can hold the government responsible for the its poor performance in financial sector. Poor governance have marred the performance of our economic sector by every side and government has taken only cosmetic measures to redress the problem. Dr. Ishrat Hussain suggestions to improve the governance have been put on the backburner.

Per Capita Income of Pakistan

Mohsin Ali — Wed, 23 Jun 2010 15:26:57 +0000

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.

No.	Year	Per Capita Income In Dollars	PCI Previous Year	Growth Rate Of PCI
1.	2009-10	$ 1051	$ 1046	0.4 %
2.	2008-09	$ 1046	$ 1042	0.3 %
3.	2007-08	$ 1042	$ 925	18.4 %
4.	2006-07	$ 925	$ 847
5.	2005-06	$ 847	$ 736	14.1 %
6.	2004-05	$ 736	$ 657	13.5 %

Agriculture Growth Rate Of Pakistan

Mohsin Ali — Wed, 23 Jun 2010 14:15:16 +0000

Agricultural has shown mixed trends during the current decade. It showed impressive growth in the middle with 7.9% in 2005. But agriculture is facing lots of challenges like water scarcity, weather changes and some others. Analyse the given figures about annual agriculture growth rate of pakistan from 2004-05 to 2010.

No.	Year	Growth Rate	Target	Difference
1.	2009-10	2.0%	3.8%	-1.8%
2.	2008-09	4.7%	3.5%	+1.2%
3.	2007-08	1.5%	4.8%	-3.3%
4.	2006-07	5.0%	–	–
5.	2005-06	2.5%	4.2%	-1.7%
6.	2004-05	7.9%	4.0%	+3.9%