Though internet backbone connectivity was always via satellite, broadband service in Pakistan is ready to take a leap into a fully satellite service. UAE based a global satellite solutions provider Yahsat has decided to come to Pakistan with its broadband satellite internet service, YahClick. Yahsat is a pioneer in offering cost effective satellite Internet services in more than 28 countries.
The second of July 2015 has gone down as an important day in the history books for Pakistan International Airlines. The lone jumbo jet Boeing 747 that had carried the national flag through the skies of the world since 1976, flew its last commercial flight PK-732; from Jeddah to Karachi on this day.
A look at our esoteric provincial budgets reveals that KPK is allocating the largest share – 25 percent – of its FY16 pie to education. Next are Punjab and Sindh both with 21 percent, and in last place is the neglected province of Balochistan, which has allocated 20 percent of its budget to education.
It was in 2008 when Pakistan was last seen in the ‘low’ category for the state of peace around the world. Since then, it has rested well in the ‘very low’ category showing that it is less peaceful today. Even the world has become less peaceful today than it was in 2008, the Global Peace Index 2015 reveals, showing that the indicators that have waned the most include the rising numbers of refugees and IDPs, the number of deaths from internal conflict and the impact of terrorism.
Another star on PML-Ns flag is that of inflation settling well below the budgeted target. Lady luck is with the government as due to depressed global commodity prices, headline inflation clocked in at 4.5 percent in FY15 - its lowest level in 11 years.
Banks and DFIs in Pakistan are not wrong when they argue that the mortgage and foreclosure laws need reforms so they can get some surety that they will get their money back. The law has some important issues that need to be addressed before one can blame the financial institutions for not helping in dealing with the housing crisis in Pakistan.
For a sector that contributes about 40 percent to the countrys GDP, 30-45 percent to exports (depending upon different estimates) and about 40 percent of total workforce, the Small and Medium Enterprises (SME) sector receives a very stepchild like treatment by the government, media and the society alike.