Mar 162007
 

ECONOMY OF MISMANAGEMENT

It is extremely important to note that over the last two decades the overall culture of business in Pakhtunkhwa was based on resource mismanagement. Evasion of taxes on border trade (Transit Trade), illegal cutting of forests, drug trafficking, embezzlement and, bribery in government services became the accepted norms of resource accumulation. Over the years a loose mafia of individuals and groups involved in this mismanaged emerged as the leading economic brokers in Pakhtunkhwa.

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Mar 162007
 

ESTABLISHMENT OF STOCK EXCHANGE IN PAKHTUNKHWA

In economic terms, income is either spent on consumption or saved. The money that is saved can be invested in real or financial assets. In Pakhtunkhwa, the dominant form of investment in real assets by the general public is investment in real estate. Investments in financial assets are limited to government securities and bank deposits. As there is no stock exchange in Pakhtunkhwa and Balochistan, the investments in capital markets are limited to investment in stocks floated in other provinces as the three stock exchanges in Pakistan are located in Karachi, Lahore and Islamabad.

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Mar 162007
 

INTEGRATED NEPHELINE SYENITE MINING AND PROCESSING PROJECT FOR USE IN GLASS AND CERAMIC INDUSTRIES

In Koga (Buner) there are over six billion tons of Nepheline Syenite deposits. A production facility can be established at Koga that will process 30,000 tons of lumpy Nephaline Syenite. This raw material can be used in the glass and the ceramic industry. The total cost of the project is Rs. 368.82 million.

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Mar 132007
 

SCOPE OF ECONOMIC DEVELOPMENT OF PAKHTUNKHWA

Pakhtunkhwa has a huge potential to develop industries in several sectors. But the first prerequisite of developing industries in Pakhtunkhwa is provincial autonomy to chalk out its own economic policy. Without provincial autonomy, Pakhtuns would remain a marginalized community despite having the richest economic potential. There is severe criticism from some quarters about financial and provincial autonomy. These quarters are of the opinion that provincial autonomy is not feasible because Pakhtunkhwa and Balochistan provinces are economically backward and cannot afford to survive autonomy and economic independence. This argument is not true. Although provincial autonomy alone is not the solution to the economic problems of Pakhtunkhwa but it is a pre- requisite for fair and comprehensive growth of the provincial economy. Although several aspects of provincial autonomy and its effects on the economy can be discussed in detail but the emphasis here is given on the potential of industrialization in Pakhtunkhwa and Tribal Pakhtunkhwa and the role of capital markets in developing this potential. These economic policies can be best applied if NWFP, FATA and Northern Balochistan are merged together to form a single province of Pakhtunkhwa.

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Mar 132007
 

STATE OF ECONOMY OF PAKHTUNKHWA

Successive governments in Pakhtunkhwa have failed to develop infrastructure necessary for industrialization in the province. Various myths have been created about the economic potential of Pakhtunkhwa such as it has no potential for economic growth; its people cannot survive without Punjab’s wheat etc. These myths are totally unfounded and unfair. In fact, Pakhtunkhwa is so much rich in natural and human resources that, if properly managed, its economy can be one of the most thriving in terms of per capita income in the whole region. But at present we will survey the present state of industrialization and the reasons for the poor state of industrialization in the province.

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