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Business & Economy

Big Corporations Have An OVERWHELMING Amount Of Power Over Our Food Supply

Big Corporations Have An OVERWHELMING Amount Of Power Over Our Food Supply Michael Snyder From our fields to our forks, huge corporations have an overwhelming amount of power over our food supply every step of the way.  Right now there are more than 313 million people living in the United States, and the job of feeding all of those people is almost entirely in the hands of just a few dozen monolithic companies.  If you do not like how our food is produced or you don’t believe that it is healthy enough, it isn’t very hard to figure out who is to blame.  These mammoth corporations are not in business to look out for the best interests of the American people.  Rather, the purpose of these corporations is to maximize wealth for th...

July 18, 2014 at 2:34 pm | News Desk

Obama to turn over control of US Oceans to the UN

In his latest scheme to end US sovereignty, Obama is renewing his efforts for the US to join the United Nations’ Law of the Sea Treaty. The US has refused to do this for the last 30 years, but this could be the year that we lose control of our seas if Obama has his way. Not only would it give the UN control of the world’s seas, but it would actually allow the UN to tax American citizens and companies. Also, U.S. energy companies would have to pay royalties to the International Seabed Authority in Kingston, Jamaica and force them to abide by UN rules when it comes to deep-sea exploration. If the US signs this, we will lose a huge part of our sovereignty to the United Nations. The effort for the U.S. to ratify the Law of the Sea Conventio...

July 18, 2014 at 2:01 pm | News Desk

Pakistan’s future depends upon variables – Peter Heyward

Mr Heyward is a senior career officer with the Department of Foreign Affairs and Trade (DFAT) and was until recently Assistant Secretary Africa Branch, a position he held from June 2011. Prior to this, he was Assistant Secretary, Consular Operations Branch. He has previously served overseas as Australia's Ambassador to East Timor; Ambassador to Brazil, also accredited to Colombia and Venezuela; Deputy Permanent Representative, Australian Permanent Mission to the United Nations, Geneva and Deputy Head of Mission, Australian Embassy, Argentina. Mr Heyward holds a Bachelor of Arts from the University of Tasmania, and a Graduation Certificate in Management from Monash University. He is married and has two daughters. “There are many vari...

July 13, 2014 at 12:42 am | Mareea Khalid

Coping With China’s Economic Power

Dr. Fawad Kaiser If you want your country to have a great economy, it has got to produce wealth. And one of the primary ways to produce wealth is to manufacture different products. But we decided to start shipping in cheaper products from overseas. At first it didn't create too much of a problem for our massive economy, but eventually the floodgates opened up and we lost tens of thousands of manufacturing facilities and millions upon millions of good paying jobs. Our labour pool was merged with the labour pool of countries such as China where it is legal to pay cheap labour wages to manufacturing workers. Needless to say, our manufacturers could not compete with that and our middle class started to shrink rapidly. By using chan...

July 13, 2014 at 12:30 am | News Desk

Suleman has it at origins

Tausif-ur-Rehman Suleman Pervez Ahmed, Lahore’s youngest and finest entrepreneur found himself caught in the newsflash as Brands Asia acknowledged him as the Entrepreneur of the Year, 2014 and Origins as Brand of the Year. He spent his last four years making his idea of a fashion retail brand grow into a prospering investment. Mr. Ahmed can be defined as a risk taker who has financial as well as operational expertise. His educational background includes graduation from Royal Holloway College and a diploma in Entrepreneurship from London School of Economics. With an accurate assessment of fashion market in Pakistan, he carved his way into the industry as he launched Origins in 2010 The brand further gained international recognition a...

July 13, 2014 at 12:14 am | News Desk

The Private Prison Business in the United States: A Big Business and Potential Slavery

Sabria Chowdhury Balland An individual who breaks a law that conscience tells him is unjust, and who willingly accepts the penalty of imprisonment in order to arouse the conscience of the community over its injustice, is in reality expressing the highest respect for the law ----Martin Luther King The above quote may seem like an idealized version of the system of incarceration and the philosophies behind it. The reality of the situation is quite far from this idealism, even more so when considering the private prison business sector in the United States. Human rights, social and political organizations are condemning what they rightfully see as an exploitation of an inhumane nature which has begun in the United States. Nearly 2...

July 12, 2014 at 11:58 pm | News Desk

Bitcoin – a smart idea increasingly gaining importance

Haider Anwar Khan Bitcoins have surged many-fold in value since last year. The concept is simple – use of peer-to-peer technology to operate and no central supervisory authority managing the transactions. Issuance of Bitcoins is carried out collectively by the network. Being an open source, Bitcoin’s design is public, everyone can take part and nobody owns or controls the Bitcoin. What is it? Developed in 2009, Bitcoin is a digital currency which can be used for personal or business transactions. As a form of payment service, Bitcoin has seen rapid growth as merchants have an incentive to accept it lower fee than credit cards. Bitcoins are created by a process called ‘mining’ whereby a complex mathematical algorithm needs t...

July 12, 2014 at 9:28 pm | News Desk

Pakistan Energy Scenario-a Case for Renewable Energy

  Kashif Mateen Ansari Energy is a key infrastructural requirement for the modern industrial economy. Energy provides an essential ingredient for almost all human activities. Historically, Pakistan has been an energy deficient country. Because of the fast-growing population and economy, the demand for energy is rapidly increasing. Pakistan is in danger of facing huge energy deficits in the coming years. The potential for the use of alternative technologies has never been fully explored in Pakistan. Pakistan needs to pursue renewable energy resources which are used extensively worldwide. The two most important alternative energy resources are Wind Power and Solar Energy. These are used across the globe and their technology is beco...

July 12, 2014 at 9:16 pm | News Desk

NGOs: Good or Bad?

Salman Ali In this modern era every individual is well aware of the word “NGO”. The concept of NGO’s which started with the fall of Soviet Union in late 1980s saw not only realignment of world states to a new unipolar world order but also witnessed progressive people, hitherto supporting socialism, making a paradigm shift from Marxism to “liberalism”. This was a west-sponsored move to keep engaging such elements to avoid conflict in societies. For this a global initiative of non-government organization was launched in the name of human rights. But sadly the meaning of NGO’s has changed with time and I have no hesitation while defining the real meaning of NGOs through my dictionary that it’s a private bourgeoisie organiza...

July 12, 2014 at 8:23 pm | News Desk

The Underground Economy

Fawad Kaiser 2014 is a key transition year for Afghanistan, with the presidential elections in progress and the withdrawal of international security forces scheduled for the end of the year. In this context, Afghanistan's security situation is likely to remain complex. The number of internally displaced people (IDPs) is currently estimated at some 600,000 and this figure may rise further in 2014. The withdrawal of the international forces is expected to have security implications, and therefore Afghanistan continues to be at the center stage of world’s largest migration operation. The unstable socio-economic and security situation in Pakistan can be further exacerbated by many Afghans migrating to towns and cities in Pakistan thus ...

June 12, 2014 at 6:06 pm | News Desk

When your résumé has HUAWEI in it

Ahmed Bilal Masud, an electrical engineer by profession is at the forefront of a leading telecom company, Huawei Pakistan as the Deputy CEO. After completing his degree from NUST (National University of Science and Technology), he set off for work in the telecom industry in 1997 when Pakistan had only two telecom operators. The launch of pre-paid service brought revolution in country’s telecom industry. Bilal was among those favoring the introduction of pre-paid to extend the mobile-reach to common people. However, some telecom marketers were against the move.  “They believed that the prepaid service wouldn’t be up-and-coming”, Bilal told Economic Affairs in an exclusive interview in Islamabad. The reason was that people like to...

June 12, 2014 at 5:56 pm | Mareea Khalid

Govt companies take lead in paying tax during 2012-13: SDPI

41 % of all registered businesses are paying taxes Maria Khalid Islamabad-based think tank Sustainable Development Policy Institute (SDPI) revealed that the government sector companies were the highest tax payers in the Fiscal Year 2012-13 which was very encouraging and an example set for others, Dr. Abid Suleri, Executive Director, SDPI said while addressing a media briefing. He said that the SDPI examined the FBR tax directory and concluded that out of total direct taxes Rs 739 billion collected in FY 2012-13, Rs 344.67 billion or 47 % of the total income tax was deducted from at source as this tax was paid by the registered business enterprises. He apprised the media that the FBR collected Rs 395.01 billion or 53% from individu...

June 12, 2014 at 5:51 pm | News Desk

White Collar crime and Economy

Fajar Fawad White collar crime as a unique form of illegal behaviour received significance in literary notes since Sutherland introduced the concept in his 1939 presidential address to the American Sociological Society. It is often not dramatic, exciting, or interesting to hear about, and many people don’t understand how white collar crimes actually can have its effect on economy. However, white collar crime-the violation of criminal law by a person of high socio-economic status in the course of occupational activity is now narrowly focused upon in the judgements of budget formation and economic analysis. White collar crime is a widespread problem that doesn’t receive a lot of attention. Everyone knows what a murder, robbery, ...

June 12, 2014 at 5:30 pm | News Desk

Hard work, passion and vision make a successful business leader: Hussain Ahmed Fazal

Tausif-ur-Rehman Hussain Ahmed Fazal, the Director of Hussain Textile Mills joined the family business of textile milling at an early age and with his hard work, passion and vision developed not only the infrastructure of the company to meet the changing business environment but improved sales as well. When he joined the company, there were around 14,000 spindles and now it stands at 90,000 spindles and 131 air jet looms while the turn over last year stood at PKR. 15.764 billion. His textile mill is now the largest producer of organic cotton yarn in Pakistan having a production capacity of 816480 kg per month. It manufactures all kinds of dyed fabrics including PFGD, PFP, PFD bleach and printed. The company enjoys the privilege of bein...

June 12, 2014 at 5:23 pm | News Desk

NAB committed to increase its role in contextualizing and setting the anti-corruption strategic agenda in 2014  

Muhammad Bilal Khan The Fiscal Year 2013 was yet another challenging year in the history of National Accountability Bureau of Pakistan. According to the annual report released by the bureau, on the Enforcement side of NAB activities, recovery through Voluntary Return (VR) and Plea Bargain (PB) remained Rs.3.125 billion. The prosecution efforts resulted in 65 percent convictions in courts. Out of 20071 reports received by the bureau, 18,892 complaints were processed while 1179 remained pending by the end of fiscal year 2013. A total of 284 fresh inquiries were authorized during the year 2013 thus including the backlog of 589 inquiries the total rose to 873. A total of 243 inquiries were finalized, whereas 630 inquiries remained ...

June 11, 2014 at 11:44 pm | News Desk

SINO-PAK TIES – STABILIZING FACTOR FOR PEACE, PROGRESS & PROSPERITY

Kunza Raja Pakistan has always maintained friendship and cooperation in its foreign relations on the basis of sovereign equality, mutual respect and benefit, non-interference and peaceful settlement of disputes in line with its international obligations and in conformity with the United Nations charter. If we see Pakistan and China as neighbours, they enjoy all weather, time-tested and deep-rooted relations. It is a model of excellent neighbourly relations based on the Five Principles of Peaceful Coexistence.  This comprehensive strategic partnership is an important factor in promoting peace, prosperity and stability in the region. Pakistan and China enjoy a complete identity of views on important regional and global issues and ha...

June 11, 2014 at 11:40 pm | News Desk

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