"Where do billions of dollars go when they never show up on anyones books?" This is the tight spot alarming most of the economies worldwide. From drug dealing to freelance writing, there are millions of businesses that are off the record because they are usually carried out in exchange for cash instead of routing through banking channels, thus allowing them to evade taxes.
Three days into his trip at the four-day long, seventh Expo Pakistan 2012, Mirza Ali a procurement director from Mydin Mohammad Holdings looks harrowed and ready to call it a day. "I have been visiting the Expo for the past three days but so far I have had little luck in finding manufacturers of towels, bed linens and other textiles" he complained.
While a colossal 77 percent of both men and women participate in the labour force in Vietnam, women participation rate in Pakistan is a skimpy 28 percent. Gender differences in employment are striking worldwide where less than half of women have jobs while men dominate the job market by all means.
"ECB will do everything to save the Euro," said the ECB President, Mario Draghi. With the extensive public indebtedness, the worlds confidence in the second largest currency of the world, Euro, is traumatized. And questions marks still hang over whether the European institutions will be able to combat this crisis and rescue the Euro zone.
The Tax Amnesty Schemes proposed by the Federal Board of Revenue could be different from earlier amnesty schemes if instead of focusing on the quantum of revenue collection, the emphasis is on correcting the system of revenue collection.
Whether you are asked to "hoover" your house or "google" a recipe, you are living a brand every moment of your life. Celebrating 126 years with 1.8 billion Coke products consumed daily, 50 million Facebook fans and thousands of beverages in its portfolio; Coca-Cola is a name that is universally recognised today more than any other in the world.
While the Punjab government is busy spending millions of Rupees from the nations hard-earned resources on fancy development projects such as the Danish Schools and the free laptop schemes, social progress in the countrys most densely populated province remains unimpressive at worst and shaky at best.