Author: Zuhaib Khokhar

Financial Inclusion – Pakistan taking the right steps under technology to curb poverty and achieve economic growth The word “digitization” refers to the process of transfiguring information into digital form and mapping you into a digital economy. Digitization has immensely changed the work pattern of individuals and non-individuals such as trading businesses and corporations, whether small & medium enterprises (SMEs) or large corporate businesses, government or private sectors, and non-profit organizations or ordinary people. The concept of revolution became familiar to the textile industry in Britain in the late 18th century; before that tasks of the textile industry were only…

A detailed evaluation of causes, impacts and its remedies “There is no energy crisis, only a crisis of ignorance” (Buckminster Fuller) Energy is defined as the capacity or ability of a system to do work. In simple words, it can be best described as the ability to work. During the day, sun gives out light and heat energy, whereas during the evening or night, street lights are the light givers. The food that people eat gives energy too. Human beings use that energy to do work and play. When a car drives by, it is powered by gasoline, which is…

“Thousands have lived without love, not one without water”– W.H Auden Water is the most crucial element and is regarded as the fundamental sustenance for the survival of mankind and other beings. Amongst the most critical and vulnerable threats to Pakistan is the threat of looming water crisis. Quoting World Economic Forum (WEF) report, it says that water is the major threat to Pakistan followed by inflation, terrorism and unplanned urbanization. According to International Monetary Fund (IMF) report, Pakistan stands at number third in the list of countries that confronts the water scarcity and there is a prospect that the situation…

Small & Medium Enterprises (SMEs) are the important components of economic development. This sector can generate increased productivity & new investment. SMEs have the ability to grow the industrial and commercial tax base. Therefore, its value cannot be ignored and it is the yardstick of most of the economic issues like revenue generation, poverty, unemployment and a slow growth rate. It can generate opportunities for a very heterogeneous group concerning size, age, types of businesses, and the expectations of entrepreneurs. Every sector has its undeniable uniqueness and features in its performance, which in turn, triggers all the economic activities and…

“With faith, discipline and selfless devotion to duty, there is nothing worthwhile that you cannot achieve”.– (Quaid-e-Azam). Pakistan is sharing its borders with India, Afghanistan, Iran, and China but more closely relationships and true friend is China who always aided Pakistan in hard times and they have been enjoying their cordial relationships with each other since 1950s. Almost 66 years of Pakistan-China bilateral cordial relations have been completed, continuously moving towards new heights of trust and development in their relationships that has demonstrated a sense of mutual understanding, strength and maturity over long-term along with enchanting slogans like “all-weather, time-tested, deeper…

Islam is the most spreading religion that believes in equal distribution of income, therefore, there is a concept of Zakat (instantly comes after prayer (Salat) in its priority in Holy Quran) in Islam for those who does not have sufficient access to the economic resources, hence supports in equivalence between the well-off and the underprivileged segment of the society. It means that Zakat endorse much equitable redistribution of wealth. Islam shows the equal justice for all. So does Islamic Banking? Is there any growth of an economy through Islamic banking, how can it grow economy, why economic growth through Islamic…