Showing posts with label Ranking. Show all posts
Showing posts with label Ranking. Show all posts

Sunday, June 28, 2009

Pakistan: A Superpower by 2050: Pakistan Times

By Dr Ali Mohammad

In a recent article, “Turning Challenges into Opportunities” we argued that Pakistanis are a brave, resilient, and highly intelligent people who, under a strong, determined, and patriotic leadership, can surmount any crisis. Furthermore, there are many reasons that Pakistan could become a global superpower within few decades.

Of course, in the sublime sense, the only superpower is the Almighty Allah. However, in more mundane terms, a superpower can be defined as having the ability to influence events and project power on a worldwide scale. Unfortunately, the traditional definition of a superpower represents a raw and crude psyche that only exacerbates violence, environmental decay, inequality, tyranny, and instability.

We must then redefine “superpower” to emphasize morality, international cooperation, world peace, clean and healthy environment, eradication of poverty, and promotion of equality among nations. Pakistan can take up the challenge under a two-pronged doctrine, namely possessing an effective and successful deterrence against aggression and the will and the means to enhance international cooperation, peace, and prosperity.

The defeatists, uttering doomsday scenarios, will question our proposition. These elements have always infused distress, despondency, and despair among the masses. Pakistan has survived many odds since its birth. To the dismay of its detractors, Pakistan has achieved a reasonable degree of self-sufficiency in food and other essential commodities. The poverty level has declined to 25%, while wealth distribution has been relatively much better compared to many developed and developing countries.

In the vital fields of agriculture, science and technology, industry, medicine and engineering, nuclear technology, art and architecture, as well as in sports, cultural, and the literary world, it has won a respectable place in the community of nations. The Pakistani people have courageously defied what the proponents of gloom and doom had wished. At the time of its inception in 1947, the country lacked the basic infrastructure for development, but it had the romance of youth, the diversity of its people, and a kind of mysticism for survival. The birth of Pakistan in less than ten years since the idea of nationhood was conceived in the 1940 Resolution is truly a gift of Allah to the Ummah. And its survival is a miracle.

Many serious analysts believe that with proper management and governance, Pakistan can become the sixth biggest economy within the next fifteen years and one of the most developed economies by 2050 AD. (Adjusting for unreported economic activities and comparative prices, the current GDP estimates can actually be four times higher putting Pakistan in the middle-income category.) Moreover, with an estimated population of 350 million by 2050, it will be fourth largest country in the world. Similarly, the literacy rate, 52% at present, is expected to reach 90% in next twenty years.

However, Pakistan’s biggest asset is its 100 million people below the age of 25, a highly productive age, which can play a vital role in the economic development of the country. These young people have entered the phase of their economic life cycle, whereas in many other countries most of the population is aging. Moreover, some ten million overseas Pakistanis, with estimated assets of $500 billion, constitute a huge reserve and strength as well as a source of considerable remittances and investment.

On the geo-physical scene, Pakistan has adequate natural resources. For example, of a total land area of nearly 882,000 sq.km. (ranking fifth among the developed countries while it is larger than France, Germany, Britain, Japan, and Italy), it has over 30 million hectares of land under agriculture. It has rich soils, favorable agro-climatic conditions, one of the most extensive irrigation systems in the world, and a hard-working farming community. Pakistan also has a large population of cattle, buffalo, goats and sheep, camel, and poultry while it ranks among the highest producers of meat, milk, and animal products.

In addition, the country has tremendous opportunities for developing fresh water and sea fisheries. With the introduction of improved farming techniques, the country can produce at least 60 million tons of food (wheat, rice, and maize) — enough to meet the nation’s food requirements and for exports. Pakistan can also boost its existing significant production and export of fruits and vegetables. The potential exports of food products alone to the Middleast are estimated at $200 billion per year. Development of the agriculture sector could also release surpluses of income and manpower for the industrialization of the country.

Pakistan has been bestowed with huge deposits of mineral resources and stands among the top ten nations in the world in vital mineral resources such as gold, copper, silver, gas, precious stones, and coal. In the case of energy, the country has immense hydroelectric power generation potentials as well as solar, wind, nuclear, and thermal power and can boost electricity production several times its present levels. For example, Pakistan has the world’s fourth largest coal reserves equivalent to over 600 billion barrels of oil, which can be developed for electricity generation both for domestic and export markets, coal byproducts, gasification, petrochemicals, and many other chemicals.

For more on this article, please click on the following link: Pakistan: A Superpower by 2050: Pakistan Times

Thursday, April 30, 2009

Illegal capital flight peaked during 2008 political chaos: The News

By Mansoor Ahmad

LAHORE: Illegal flight of capital is a norm in Pakistan that reached its peak during the political chaos of 2008, while during the 2002-06 period, according to the US-based Global Financial Integrity report, it ranged from $2.03 to $3.06 billion per year.

The report states that China, with average illegal outflows of $289 billion during 2002-06 period, was on top while India with illegitimate outflows of $27.34 billion came in at number 5. Pakistan with $3.067 billion came in at the 36th position amongst 160 countries surveyed by Global Financial Integrity.

The report states that legal flight of capital is recorded on the books of the entity or individuals making the transfer, and earnings from interest, dividends and realised capital gains normally return to the country of origin. The methods used to transfer money illegally outside the country, as mentioned in the report, are generally practiced in Pakistan.

About illegal flight of capital, GFI report points out that it is intended to disappear from any record in the country of origin, and earnings on the stock of illegal capital flight outside of a country do not normally return to the country of origin.

Illegal capital flight can be generated through a number of means that are not revealed in national accounts or balance of payments figures, including trade mispricing, bulk cash movements, hawala transactions, smuggling and more.

The greater part of unrecorded flows are indeed illicit, violating the national criminal and civil codes, tax laws, customs regulations, VAT assessments, exchange control requirements and banking regulations of the countries out of which unrecorded/illicit flows occur.

The GFI report reveals that according to its estimates, illicit financial flows out of developing countries are some $850 billion to $1 trillion a year. Even this estimate according to GFI is conservative. It does not include, for example, major forms of value drainages out of poorer countries not represented by money, namely:

1) Trade mispricing that is handled by collusion between importers and exporters within the same invoice, not picked up in mispricing models based on IMF Direction of Trade Statistics, a technique utilised extensively by multinational corporations.

2) The proceeds of criminal and commercial smuggling such as drugs, minerals, and contraband goods.

3) Mis-priced asset swaps, where ownership of commodities, shares, and properties are traded without a cash flow.

Non-trade capital flight often involves the acquisition of cash or other instruments payable to the bearer.

The acquired currency, say dollars, could exit the country in a number of ways such as (i) by someone carrying suitcases full of cash, (ii) through professional courier service, (iii) by mail or, (iv) through electronic money transfers that are unlikely to be recorded in the weak bank reporting systems in many poor developing countries.

For more on this article, please click on the following link: Illegal capital flight peaked during 2008 political chaos: The News

Tuesday, April 14, 2009

India more corrupt than Pakistan: Report: UTVi

That India is a corrupt nation is not big news but that it is the 4th most corrupt country out of 47 other Asian countries comes as a shocker. It’s just slightly better than Indonesia, Thailand, Cambodia.

In a recent survey conducted by Political and Economic Risk Consultancy (PERC), India, scored of 7.21 on the corruption index making it the fourth most corrupt nation in Asia.

Stringent laws that make business transactions difficult are one of main reasons why India finds itself at the top of the list. This could prove as a serious deterrent at a time when India is producing a generation of professionals and companies are on a shopping spree around the world.

Unethical practices, red tape and bureaucracy in government organisations were instrumental in adding that stigma to India’s growing economy. Corruption has rocked the Indian system for years and out politicos do little to fight it off.

For more on this article, please click on the following link: India more corrupt than Pakistan: Report: UTVi

Thursday, April 2, 2009

Increased productivity needed to cut cost of milk: The News

By Mansoor Ahmad

LAHORE: Pakistan obtains 33 million tonnes of milk from 20 million milking animals, compared with over 37 million tonnes obtained by China from 15 million animals and 84 million tonnes milk produced in the United States by 9.1 million cows.

Pakistan is the fourth largest producer of milk in the world after India, United States and China. The productivity of milking animals in Pakistan is, however, very low compared with the European, United States or Chinese breeds.

Dairy experts point out that both India and Pakistan are increasing their productivity by increasing the number of milking animals instead of increasing yield per animal. India produces 102 million tonnes of milk per year from over 75 million cows and buffaloes.

They said that the white revolution the government talks about would not come without increasing the milk yield of its livestock. Low milk yield increases the cost of production of milk. American farmers feed one cow to obtain the same quantity of milk that a Pakistani farmer obtains by feeding 4.5 buffaloes or cows.

They point out that even with low yields, the dairy sector has moved ahead on its own without much government support. This, they added, has made the planners complacent. They said that the dairy sector has the potential to take Pakistan out of its economic woes, if the planners pay more attention to increase the productivity of its milking breeds.

For more on this article, please click on the following link: Increased productivity needed to cut cost of milk: The News

Thursday, March 19, 2009

WB ranks Pakistan first in corporate governance: Daily Times

ISLAMABAD: World Bank Report “Getting Finance in South Asia 2009” has ranked Pakistan first in the areas of corporate governance, performance and efficiency.

In the area of access to finance, Sri Lanka ranks first in South Asia, on capital market development and market concentration and competitiveness in the banking sector first slot is grabbed by India.

According to the detailed report on Pakistan the bond market is developing at a lesser pace. The domestic bond outstanding was 25.16 percent of the GDP, equivalent to $32.41 billion. This consists of mainly government bonds, as the corporate market is yet to develop.

The areas on which Pakistan needs to focus are access to finance capital market development, and market concentration.

Access to Finance: Pakistan needs to focus on improving financial outreach through its commercial banking sector. Demographic branch penetration is low with around five bank branches per 100,000 people during the six-year period. To promote branch openings in rural areas, the SBP has introduced the Annual Branch Licensing Policy, which requires commercial banks with 100 branches or more to open at least 20 percent of their branches outside big cities and set up branches in Tehsil Headquarters, where no branch of any bank exists.

For more on this article, please click on the following link: WB ranks Pakistan first in corporate governance: Daily Times

Wednesday, January 28, 2009

Pakistan Ranks Top Ten in the World in at least Ten Categories of Global Competitiveness: ECONOMISTAN

According to the latest findings of the economic analysis think tank Economistan, Pakistan ranked in the top ten countries of the world in many areas of global competitiveness. These areas range from IT outsourcing to wheat production to exports. Pakistan ranked second in the world in terms of IT outsourcing growth according to Odesk and third in the world according to rentacoder. To get the complete list of rankings check out the newsletter by clicking here.

For more on this article, please click on the following link: Pakistan Ranks Top Ten in the World in at least Ten Categories of Global Competitiveness: ECONOMISTAN

Friday, January 16, 2009

Philippines & Pakistan top oDesk’s “value for money” outsourcing rankings: Odesk

Today we’re going to have some fun with numbers by trying to calculate “value for money” between countries in hiring contractors to your workteam. The following table summarizes oDesk’s average hourly rates and feedback scores in each of our top 7 provider countries.

United States
Pakistan
Ukraine
Canada
Russia
Philippines
India

*We’ve broken out the rates for software development and data entry since they vary quite a bit in both dollar amounts and proportions of work between countries. Note that other categories of work exist on oDesk as well, that aren’t listed here. Looking at this data, it’s obvious that there is much greater variance in average hourly rates ($6.33 to $19.60) than feedback scores (4.01 to 4.40). We therefore scale the numbers to percentiles to compare between countries. We then use a quick-and-dirty calculation, averaging the percentiles, and finally rank the countries to determine their relative “value for money.”

The results … the Philippines and Pakistan rank the highest in this admittedly simplistic analysis, which must be taken with a grain of salt. There are many factors to be taken into consideration when hiring contractors to your workteams. But, in the meantime, congratulations to providers in these two countries for topping the list! Fans of outsourcing to the Philippines and Pakistan will also be glad to know that they were also the fastest growing countries on oDesk, by hours worked, from 2007-2008.

For more on this article, please click on the following link: Philippines & Pakistan top oDesk’s “value for money” outsourcing rankings: Odesk

Friday, December 12, 2008

Pakistan ranks 34th in WEF’s Financial Development Report: Daily Times

ISLAMABAD: Pakistan has been ranked 34 out of 52 countries in the World Economic Forum's first Financial Development Report, which was released in Pakistan through the Competitiveness Support Fund (CSF) Thursday.

The report is a comprehensive analysis of financial systems and capital markets in 52 countries that explores key drivers of financial system development and economic growth in developing and developed countries and serves as a tool by which countries can benchmark themselves and establish priorities for financial system improvement. Arthur Bayhan, Chief Executive of the Competitiveness Support, said: "I am very happy to see that financial system in Pakistan is well reformed and competitive vis-à-vis Asia and Europe.

Pakistan is ranked ahead of the Russian Federation (35), Indonesia (38), Turkey (39), Poland (41), Brazil (40), Philippines (48) and Kazakhstan (45)." The United States narrowly edged the United Kingdom to take the top position in the Financial Development Index. The United Kingdom was second while China ranked 24 and India 31.

For more on this article, please click on the following link: Pakistan ranks 34th in WEF’s Financial Development Report: Daily Times

Wednesday, December 3, 2008

Pakistan ranks 4th in broadband Internet growth: Daily Times

By Muhammad Yasir

KARACHI: Pakistan is ranked fourth in terms of broadband Internet growth in the world, as the subscriber base of broadband Internet has been increasing rapidly with the total base crossing 170,000 in the country.The rankings are released by Point Topic Global broadband analysis, a global research centre. According to the statistics, there are around 382. 4 million broadband subscribers worldwide by the end of August 2008 as compared with 317 million in August 2007, showing 17 percent growth.

Regional Broadband trend revealed that Western Europe has the largest share of broadband users with 26 percent followed by North America at 22 percent. South and East Asia regional is in the third place with 22 percent share.In Pakistan operators are offering wide range of technologies like DSL, Cable, FTTH and WiMax.

They have added 25,500 new broadband connections in the financial year 2007-08, which is around 150 percent increase compared to the previous financial year, Pakistan Telecommunication Authority (PTA) statistics reported.The Internet Protocol (IP) traffic through high-speed access link has become the success factor that have made rapid the transfer of online information and communication services, data, voice and video footage. The easy way of communication owing to highly competitive market of service providers has been penetrating in the country with modest acceleration in the metropolis.


For more on this article, please click on the following link: Pakistan ranks 4th in broadband Internet growth: Daily Times