Random Thoughts

The fervor, zeal, keenness and enthusiasm was at the highest velocity among the participant of the Spark, Entrepreneurship Trail on the second at IBA, main campus Karachi. Had not slept well yesterday night despite this the energy level and motivation to attend and listen the distinguished speakers triggered to be there till the end of the day. The day started with the finding ways to raise money - Everyone wants money, don't you? - for the start up. Mr. Ayaz and Mrs. Kazi were the guests who imparted us with the knowledge and information on how to raise capital for the new venture. As everyone know, borrowing money from the banks is the most difficult for the business, which is at the initial stage, so do opined by the guest speakers. According to Mr. Kazi, Banks must be pursued to put notice on their website "Borrowing from Banks for the start ups is injurious to the venture." The most favorable and easiest way to raise the capital for the start up is from family an...

Spark is the name of the event organized by IBA Entrepreneurial Society, which has started today and it will last till June 29, 2011. This event consists of address of Distinguished speakers and trainers from Pakistan and around world, obviously via ' Skype .'  Some of them are Mr. Naeem Zafar , Umar Saif , and many more address in the coming two days. The day-1 started with the Tilawaat of Quran. After the recitation, IBA Entrepreneurship Center head formally announced the conference open with short speech of welcoming guests, participants and organizers. Mr. Naeem Zafar, an Engineer, Entrepreneur by an accident as he defined,  and writer of many books delivered his speech on the topic of 'Entrepreneurship.' I loved the definition of entrepreneurship he told, which is: "It is the pursuit of an opportunity with resources that you don't yet control." Look at the beautiful and motivational words in the definition, which you don't yet control. One nee...

Federal Budget of Pakistan has been presented in the National Assembly of Pakistan on June 03, 2011. On that day, it didn't look like a Parliament rather it was looking like fish market. Traditional opposition from 'Opposition' branches with chaos of daunting and chanting of slogans like 'Go America', 'Budget Na-Manzoor'. At one occasion, one of the member of the parliament presented 'Meal' to the Finance Minister Mr. Abdul Hafeez Sheikh. In addition to this, female parliamentarians were not behind the row, they thrown 'Bangles' at Finance Minister, which was ridiculous act. As a student of Business and one of the common man, taking current economic and social conditions in the consideration, I must say, budget 2011-12 is a balanced budget. Government of Pakistan (GoP) reduced sales tax from 17% to 16%, which is a good move to give relief to the poor and needy people of the country. Moreover, GoP has levied taxes on many items, which prev...

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...