K-Pakistan - The Kaizen Times

Rupee Weakens By rupees 12 To Hit Nine-Month Low against Dollar

17Aug

By Kaizen HighNo Comments

K-Global, K-Pakistan

Rupee Weakens By rupees 12 To Hit Nine-Month Low against Dollar

The rupee is devastatingly losing its ground against the US dollar and this was predominantly highlighted during the second sequential meeting in the interbank market on Monday in which the rupee deteriorated by Rs1.2 making the exchange rate at Rs163.67 per USD. Following 11 months of excess, the announced deficiency of the current record and flooding oil costs are overwhelming the rupee. The interest for dollars keeps on being solid because of pressing factors from businessmen and importers. With that being said, a couple balancing factors give some hope, for example, Pakistan's foreign exchange which is still at a genuinely vigorous level, adding up to an aggregate of almost $25 billion on July 23, as indicated by Asad Rizvi, the previous country financier of Chase Manhattan Ban...

17Aug

By Kaizen HighNo Comments

K-Pakistan

Automobile Industry

After much commotion of its predecessor will cease by the end of this month, a new regime for automobile development is in the making. The stakeholders unanimously agreed upon the decision of how competition could be amplified and how the automobile market could be expanded in size. In Islamabad, the current dispute arises because of incentives. Different automakers are demanding incentives based upon the materials in their product line and those in the pipelines. This article presents an idea to ascertain what the best approach would be for the country—keeping in mind the domestic needs and the best global practices—whilst the future of the automobile industry is kept in mind. The first target is to make small cars reasonably priced. The government subsided the duty and taxes for ...

Basmati exports: goodbye depreciation fever?

9Aug

By Kaizen HighNo Comments

K-Pakistan

Basmati exports: goodbye depreciation fever?

The trade report card for May 2021 has left almost everyone shocked. Unexpectedly, rice exports have fallen by half to almost a hundred thousand dollars in this month. It had been previously assumed that rice exports would have reached new heights due to the global commodity price boom. However, the report states that the exports are at their second-lowest value in the past 32 months, dipping even lower than the values estimated last May (peak pandemic period). Even though trade performance in shorter periods can never truly justify long-term trends, these developments have been a long time coming. Rice exports have been previously celebrated as the leading savior (after textiles) of Pakistan’s export performance. Pakistan’s rice exports have rebounded substantially after the currency ...

9Aug

By Areeba FarhanNo Comments

K-Pakistan

ICT exports growth

Pakistan has been doing significantly well with its exports of Information and Communication Technology; reports released by the State Bank of Pakistan for the year ended June 30, 2021, justify this statement as the exports of ICT services seemingly surpassed the $2 billion barrier, this being an impressive accomplishment that raised confidence in the future growth of digital services and their export. Overall, ICT exports’ share in the overall goods and services exports had increased from 5 percent in FY20 to 7 percent in FY21 alone. Moreover, in FY21, the ICT exports tally showed remarkable growth as it came in with a notable $2.12 billion, around $683 million more compared to FY20. Where most onlookers may be more concerned with the headline export numbers and statistics, it is ...

6Aug

By Rija NaeemNo Comments

K-Pakistan

Oil takes a plunge

In Singapore, Brent oil is at the possibility of reconsidering support at $71.18 per barrel, with a plausible risk of descending below the given point and possibly plummeting to a staggering $69.95. The contract is advancing on a wave (c) since July 30 high of $76.38, which has a huge possibility of progressing into a huge range of $65.98-$69.95. The bounce that had been prompted by the support is giving the impression that it is to be coming to a resolution around a resistance at $72.41, where the setback may continue to decline further. A break above $72.41 may result in a gain to $73.93. On the daily chart, the contract is awaiting to test a support at the aforementioned, $73. 93, and a break below this could cause a detrimental plunge to $68.43.

3Jun

By Aleeha WasifNo Comments

K-Pakistan

Smog: A grey Future

Lahore and many other cities of Punjab barely breathe under this thick blanket of smog that descends upon the city every winter since November 2016. For the past years, the second most populated city of Pakistan seems to be residing in a smoker’s lounge with the citizens immersed in soot. The heart of Pakistan is especially suffering due to the soot, smoke, and industrial pollutants present in the air, which from the onset of winters combine with fog to produce this deadly outcome known to all as Smog. The infinite growth of mechanization and industrialization, vehicular exhaust, and the burning of domestic and agricultural waste has rewarded the people of Lahore with this poisonous atmosphere. Lack of trees, continuous deforestation, and the use of cheap fuels ...

Empowerment, Women and why is this still a debate?

8May

By Umer Hassan WyneNo Comments

K-Pakistan

Empowerment, Women and why is this still a debate?

Sobia Batool, an 18 year old girl from Sargodha who was abducted on August’20 and in-spite of the arrest of 16 suspects is yet to recovered. The staggering numbers also surprised the three member bench at the Supreme Court, who deemed the abduction a failure of the police, forcing Justice Maqbool Baqir to label it as “a matter of great abuse” and despite FIRs, the recovery was so lax (as reported by dawn news). It's May 8, 2022. 151 girls all hailing from Sargodha who had been missing over an unspecified amount of time have been traced by the police with roughly 20% of them being recovered from brothels or committing other heinous acts in which they are forced into. But most importantly women of Pakistan are deprived of their basic rights. This is the outcry of Pakistani women who are tir...

CPEC and changing nature of energy projects in Pakistan

28Apr

By Zulkafil HassanNo Comments

K-Pakistan

CPEC and changing nature of energy projects in Pakistan

China-Pakistan Economic Corridor (CPEC) has been instrumental in drastically decreasing the energy deficit in the country. Its power projects have been simulating industrialization, further increasing export volumes. Its numerous wind, solar, and hydro-power projects have been making a difference in the life of millions of people, due to which the span of load-shedding has been substantially minimized. Thus, these are development-oriented and not responsible for any kind of circular debt trap. Most recently, Khalid Mansoor, Special Assistant to Prime Minister (SAPM) on CPEC Affairs under the previous regime, had reconfirmed that power generation projects are in line with the country’s growing needs and not over and above the national requirements, which are being propagated to be th...

21Apr

By ClerisyNo Comments

K-Pakistan

DID JINNAH WANT A SECULAR PAKISTAN?

There has been a decades long debate between secularism and Islamic nationalism within Pakistanis, which has bought a lot of controversy recently. Whether it be the Gen Z individuals calling for a total secular social atmosphere all over the country or the patriotic Islamist nationalists re-calling on what basis Pakistan was actually formed, both sides have misinterpreted historical facts to suit their own arguments. There has been a lot of controversy when it comes to Jinnah’s religion. Some sources highlight that he was a Twelver Shi’a, some say he was born to an Ismaili household and lastly, a few say that although he was born to a Shi’a family, he later on converted to Sunni Islam, but all the evidence was presented after his death. So, for the sake of being neutral and not sparkin...

How have means of dissent employed by the Pakistani Left restricted its reach?

12Apr

By Hasnat AslamNo Comments

K-Pakistan

How have means of dissent employed by the Pakistani Left restricted its reach?

The rise of western liberalism has left vague reverberations on the largely conservative ‘Land of the Pure’. In recent years, progressive groups bearing the flag of activism and resistance politics have stimulated political organising and consciousness. However, many lament that there is still no solid Left political force in Pakistan. The thought of the Left’s demise gained currency after China’s veering into a market economy, the collapse of the Soviet Union and the rise of religious extremism in Pakistan. Pakistani Left has proved inept to adapt to changing times and clung onto old slogans, condemning everything. The locus of Leftist dissent, carried out primarily through social media, has been on everyday atrocities. This has diluted resources and manpower for concentrated efforts ...