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Thy street children, thy pride

New dawn for the street children footballers In April 2014, the street children from Pakistan had made the nation proud by finishing third and beating our eastern neighbor in the Street Child Football World Cup held in Rio de Janeiro, Brazil. The Pakistan Child Football Team returned home with a bronze medal. To honor the much-celebrated-street-footballers from Pakistan, Mr. Afredo Leoni, the Ambassador of Brazil to Pakistan, hosted a ceremony at the Embassy of Brazil in Islamabad on May 19th 2014, as the 2014 FIFA World Cup draws near which will be held in June and July this year. It is the second time Brazil is hosting and the 20th FIFA World Cup overall. Among the participants of this ceremony were all members of Pakistan footbal...

June 12, 2014 at 2:50 am | News Desk

INTERVIEW: MD USC Khaqan Murtaza

On this particular day in April 2014 I walk hurriedly into a building in Blue Area, which is the head office of Utility Stores Corporation (USC), an organization that operates chain stores throughout Pakistan. The appointment with the Managing Director (MD), Khaqan Murtaza, has been rescheduled due to consumption of the previously appointed slot on his timetable. As I walk into the office, I become acquainted with the MD who is seated across the table with huge piles of paper files stacked on it. The office is set in a total bureaucratic style, very spacious with vast windows overlooking Jinnah Avenue in Islamabad. Buffered between hoarding and profiteering, the USC network is spread across every nook and corner of the country.  It pro...

May 10, 2014 at 3:28 am | Sajid Gondal

Using the scorching sun to our advantage

Now that Islamabad has its first solar powered car, we wonder what more could our engineers do.  Ahmad Aslam, who is an electrical engineer by profession, has designed and manufactured a two-seater solar vehicle which runs at the speed of 80 kilometers per hour. Besides being charged by solar panels, its batteries could also be charged by direct electricity source consuming only 1 PKR of electricity per kilometer which is astonishingly low. The quest to know more about the features of this car drove the Economic Affairs team into the office cum experimental lab of Aslam Azad, located in Blue Area, who happens to be the investor of this solar car. Shiraz Nizami What are the features of this solar car? This is the world’s first ever...

May 9, 2014 at 5:49 pm | News Desk

Laiqa Hasan Salon & Spa

A veteran stylist, Laiqa has done it all and seen it all. With nearly two decades in the industry, Laiqa is a force to be reckoned with. Pakistani stylists, Pakistani Fashion Shows, Designer Boutiques. Information of Pakistani fashion stylists, boutiques and popular fashion brands at Click here for more information Fashion Central stylists Feed

May 7, 2014 at 5:35 am | News Desk

Prof. Dr. Moiz Hussain, Founder of The Institute of Mind Sciences, and Urooj Moiz Talk about Mind Sciences and its scope

 Prof. Dr. Moiz Hussain (Ph.D) is internationally acknowledged in the field of mind sciences and sufism and has been sharing his knowledge and expertise in mind sciences and sufism to people of all ages, professions and nationals through his workshops, seminars, lectures and theosophical sittings all over Pakistan as well as in USA, UK, Saudi Arabia, UAE, Germany, Austria, Switzerland, India and many other countries. He is a certified Psycho Orientologist and a Clinical Hypnotherapist from USA. Urooj Moiz, his daughter, has joined his team since the last 10 years and has become a very popular and trusted counsellor. Besides hosting many informative TV shows on mental health and psychological issues, the duo of father and daughter appear re...

April 4, 2014 at 1:44 am | News Desk


Mushahid Hussain Sayed is a journalist, geo-strategist, politician, an avid writer and reader. Currently, he is member to the Senate of Pakistan and also the Chairman of Senate Standing Committee on Defense and Defense Production. He is the Secretary-General of the Pakistan Muslim League (Q). Prospects of Pak-Russia ties Almas Haider Naqvi “The defence cooperation between Russia and Pakistan couldn’t be fastened because of two reasons. Firstly, Russia isn’t inclined towards Pakistan due to its long-lasting relationship with India and secondly Russians believe that some Chechen commanders who are at war with Russia are harboring in the tribal areas of Pakistan bordering the Durand line”, said Senator Mushahid Hussian Sye...

April 4, 2014 at 12:52 am | News Desk

EDITORIAL: Penny for your thoughts

Penny for your thoughts The main opposition parties in the parliament are criticizing the present government for not disclosing the name of the friendly Muslim country which has gifted $1.5 billion aid to Pakistan. Opposition parties are apprehending that the significant aid may be to deploy Pak forces in the Middle East to safeguard Saudi interest and other Arab countries. It is largely believed that the trusted friend is Saudi Arabia which gifted Pakistan $1.5 billion to help shore up its foreign exchange reserves, meet debt-service obligations and undertake large energy and infrastructure projects. Whether it is a gift or something else, but the assistance has contributed to a sharp recovery of the Pakistani rupee, which rose t...

April 1, 2014 at 3:19 pm | News Desk


Before the start of next winter, Pakistan will start the import of 400mmcdf LNG from Qatar, which will be 25% of our pipeline supply. Though it will not completely fix the gas crises, but certainly would reduce the gas shortage in Punjab as witnessed now, Pakistan Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi said in an exclusive interview with Economic Affairs. The oil and gas sector outlook 2014 is very encouraging. What special measures and policies have been adopted to attract investment in this area? It is almost after a decade that a proper comprehensive petroleum concession policy has been implemented. I want to make it clear that we have not made any new policy. It is the same petroleum concession policy ...

March 10, 2014 at 8:49 pm | Sajid Gondal

Pakistan’s Energy Economics and Geo-Politics

Mehmood Ul Hassan Khan Energy is life to economic development and Pakistan’s energy sector is at cross-roads. Energy sparks the socio-economic prospects of the country where its shortage has already spoiled our GDP (4 %) tremendously. It has also forced the closure of hundreds of factories (including more than five hundred alone in the industrial hub city of Faisalabad), paralyzing production and exacerbating unemployment. Although government of Pakistan announced new national energy policy 2013-2018 along with so many incentives and priorities but its overall energy economics and geo-politics is a complicated and complex phenomenon. It has internal dynamics, regional spillovers and international repercussions too. Pakistan’s m...

March 10, 2014 at 8:00 pm | News Desk

Energy security and affordability

Tausif-ur-Rehman Pakistan is facing an unprecedented energy crisis due to surging demand and supply gap. Its current energy needs are heavily dependent on oil and gas and the demand far exceeds its indigenous supplies. The present energy scenario suggests that an affordable and sustainable energy road map for the country is essential to capitalize the use of indigenous resources in country’s energy mix. Development of indigenous energy resources such as coal, oil, gas, hydro and alternative sources are critical for Pakistan’s economic growth. Power sector The share of hydro power was 30% of total generation in 2012-13 as compared to nearly 70% in the 1980s. Hydro power development suffered a slowdown due to lingering con...

March 10, 2014 at 7:23 pm | News Desk

EDITORIAL: Pakistan, making out of crisis

Had it been asked “how wise would it be to invest in an economically crippled and terrorized country?” the reply would be “suicide”. Unfortunately, Pakistan is a country which could not be termed a stable country, yet a number of opportunities are available for investors and execution on many projects is pending due to financing issues. If these projects get materialized successfully, it would pull the country out of the darkness caused by energy crisis. The projects of Thar coal, IP, TAPI and LNG import aren’t new but under consideration for many years. The successive governments were unable to make progress on these projects due to inconsistent policies.  Considering the much-talked looming energy crisis and the oil import b...

March 10, 2014 at 6:08 pm | News Desk

“It’s impossible for the world to be oblivious to Brazil”, Alfredo Leoni

"It’s impossible for the world to be oblivious to Brazil", His Excellency, Mr. Alfredo Leoni, Ambassador of Brazil to Pakistan      Maria Khalid “Pakistan possesses a very significant geographic position with very important neighbors, a considerable territory and a substantial population, thus making it impossible for the other countries to ignore Pakistan”, said Ambassador of Brazil to Pakistan, His Excellency, Mr. Alfredo Leoni in an exclusive interview with Monthly Economic Affairs. “Brazil is very much certain about Pakistan’s bright future and I believe that Pakistan will soon rise above the problems like energy, slow growth and terrorism and development has to come about, whether Pakistan wants it or not, in fact pros...

September 11, 2013 at 10:49 pm | News Desk


By Maria Khalid “I am from a business family based in Karachi since 1920. We migrated here from Gujrat in India. The conventional business of our family is real estate; afterwards we embarked on different businesses like automobile and movies. I was a commercial pilot but I had to finish my flying career since my father was under the weather and I started looking after our family business. I was also the President of the Lasbela Chamber of Commerce and Industry in Lasbela, Balochistan. Later, I met Mohtarama Benazir Bhutto in the year 2002 when she was in exile. She was interested in bringing new people to the party so she insisted me to join, thus I worked with her. When she came back, the ideal place they thought for me was Board of In...

August 30, 2013 at 11:13 am | News Desk

Has Pakistan Cricket Team got the mental toughness?

By Dr Fawad Kaiser --  In cricket, a batsman nearing a century will frequently manifest signs of negotiating the aptly named ‘nervous nineties’ and he would hone his skills through mental process while refusing the opposition that cruel moment of satisfaction. Sticky wicket; this phrase comes from the game of cricket and refers to an uncovered cricket pitch that is in the process of dying out after being affected by heavy rain. A hard crust forms over the soft, wetsoil. This helps the ball to bite, turn and lift variably. On a sticky wicket, batting is awkward and sometimes hazardous, as the ball will spin, seam and bounce sharply and unpredictably. Given the absence of material tangibility, symbols occupy the space and I have chosen...

August 25, 2013 at 11:36 pm | News Desk

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