Random Thoughts

Karachi: State Bank of Pakistan (SBP) announced new policy for account opening for individuals- students, low-income people and Zakat entitled people specially. A new policy release by SBP depicts that any individual can open bank account with minimum of Rs. 100, which will be implemented from July 1, 2011. In addition to this, SBP directed all scheduled banks to lift the service charges on the minimum balance. Previously banks were entitled to receive some charges as account balance decrease from minimum level, which was Rs. 500. This has been welcomed largely in the masses and economist too. Experts view this policy as blood to the economy. According to the opinion, most of the population of the country belongs to the lower income group, which was deprived of banking services due to high service charges and minimum balance requirement. Now those people will access the banking services at cheaper price like never offered before. There is trickle down effect of the policy, those d...

Officials: Pornography found in Osama's hideout in Abbottabad, Pakistan, consists of latest and modern, lustful video. An officials said on the anonymity basis. Moreover, officials claimed they are unable to say whether Osama was viewing those videos or anyone else. According to the Osama's wife, living with him, he remained in the compound for five years, he never came out of it. This makes suspicious whether he had been viewing those videos. Someone said he never came out of it, so he could have desire of waxing his carrot, might be the reason of viewing those films. According to earlier US Officials statements, Osama's compound was cut off from internet and other wires, so question arises whether those DVDs are left by US army over there?

May 02, 2011 was the day of celebration around the world because world's most wanted man ($ 250 million) was killed in Abbotabad Pakistan. An operation was taken place by US military at 1 am PST. In the morning President of United States Barak Obama announced the news. Here I'm not going to discuss what happened on that day because you people are much vigilant than me. Moreover, I'm not looking into conspiracy theories. The purpose of putting words here is to describe economic conditions of Pakistan after the event. It was very difficult to get gasoline on the very first day when Osama was killed. The fiasco doesn’t end until now. It is very difficult to get tanks of vehicle filled at premium price even. If I depict the picture of the stock market of Pakistan - Karachi stock market pronounced widely as KSE, is very horrible. Since January it was observing the bullish trend and touched the level of 12000 points. But on the second day of OBL’s death it started losing the...

KARACHI: His Royal Highness Nawab Shahabuddin Mohammad Akbar the XXIII (popularly known as Prince Akbar) is all set to marry Sonya Usmani in what is marked to be ‘the’ wedding of modern day Pakistan. As the country winces under inflation and instability, many are making discounts for a day that’ll bring a spirit of celebration, formerly expected from the cricket team. The government, as expected, has announced Friday, April 29, as a national holiday. Critics believe the royal display of wealth is a show of apathy towards the nation’s crumbling economy. “They’re using the taxpayers’ money to pay Nizamuddin’s bill,” argued one socialite who wasn’t on event manager Frieha Altaf’s guest list. But the royal family’s spokespeople are arguing that since most people in Pakistan don’t pay taxes, this doesn’t apply. The bride, Sonya Usmani’s dress is under great speculation and the ISI has been guarding the designer’s identity as a trade secret. Rumours are rife that it will be Bunto Kazm...

Entrepreneurship is not only attached with starting a new venture. Entrepreneur is the one who absorbs the risk and turn that risk in making profit, building goodwill, getting contracts and making business more prosperous day by day. So what are the ingredients to be a successful entrepreneur. Is it Fund that make a business successful, marketing activities or something else? A Pakistani businessman, Majyd Aziz in seminar told the ingredients as follows: 1. Desire 2. Development. 3. Determination 4. Dignity 5. Dare 6. Discipline 7. Dedication He argued finance, marketing, human resource activities are important but 7 D's are the ingredients for a successful entrepreneur. As student of business I must say dedication is the most important for turning any business into a successful venture.

Graduating from business school is the dream of every candidate in Pakistan, no matter where he/she comes from - Engineering, medicine, arts, humanities, etc. Is it worthwhile to be a business graduate in today's economical conditions of world generally and Pakistan specifically? This question can be answered by looking at the job market of the country. In 2008, worldwide recession had deteriorate the economic conditions of the big economies – USA, UK, UAE, etc. and developing economies – Pakistan, India, Brazil, etc. too. However, big economies recovered from this slump but developing countries like Pakistan, Bangladesh and others too are paying price in terms of high inflation, unemployment, poverty, etc. The highly indebt country Pakistan is suffering from the problem of liquidity, the main source of generating its liquidity is taxes, tariffs, aid and IMF loans. In recent years Govt. has raised taxes and tariffs at highest level of the history, which masses of the country are...

The two countries, which always have been anti to each other in every walk of life ranging from politics to game, will play ICC World Cup 2011 semi-final on March 30. In this connection experts have been naming this match as mini-battle between both of the countries. The situation for both the teams is like 'Do or Die'. What record says? India have never been defeated in world cups matches by Pakistan. Has Pakistan need to worry little bit about the situation? The Odds of Indian team are higher than Pakistan? Will Odds favor the Indian team? Certainly not, because if we look at other side of the coin. Pakistan have never lost any match at Mohali cricket ground from India. This makes very interesting to the match. Both of the team posses some records but unpredictability of Pakistani team makes it hot favorite team of the tournament. Ultimately,people of sub-continent see the victory of game no matter who wins the battler..