Governing the Ungovernable? Reflections on Informal Gemstone Mining in High-Altitude Borderlands of Gilgit-Baltistan, Pakistan
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The Determinants of Capital Structure of the Chemical Industry in Pakistan
The Lahore Journal of Economics 13 : 1 (Summer 2008): pp. 139-158 The Determinants of Capital Structure of the Chemical Industry in Pakistan Muhammad Rafiq∗, Asif Iqbal∗∗, Muhammad Atiq∗∗∗ Abstract This study is an attempt to determine the capital structure of listed firms in the chemical industry of Pakistan. The study finds that by studying a specific industry's capital structure, one can ascertain unique attributes, which are usually not apparent in the combined analysis of many sectors as done by Shah and Hijazi (2004). This study analyzed 26 of 39 firms in the chemical sector, listed at the Karachi Stack Exchange for the period 1993-2004 using pooled regression in a panel data analysis. Six regressors i.e. firm size, tangibility of assets, profitability, income variation, non-debt tax shield (NDTS) and growth were employed to examine their effects on leverage. The results show that these six independent variables explain 90% of variation in the dependent variable and, except for firm tangibility, results were found to be highly significant. The study has policy implications of importance for researchers, investors, analysts and managers. JEL Classification: C13, C23, C51, L65 Keywords: Chemical, Panel Data, Karachi Stock Exchange, Pakistan 1. Introduction A firm can combine different proportions of debt and equity in an attempt to increase the market value of the firm and is recognized as capital structure of the firm. Firms differ with respect to capital structure which has given birth to different capital structure theories in an attempt by researchers to explain variation in capital structure over time or across regions. -
Pakistan: Urbanization, Sustainability, & Poverty
Pakistan: Urbanization, Sustainability, & Poverty Matt Wareing & Kristofer Shei Jessica Cavas, Megan Theiss, Zareen Van Winkle, Tai Zuckerman P a g e | 1 Tables of Contents Urbanization: Introduction 2 Causes: Labor & Unemployment 3 Afghan Refugees 4 Effects: Sanitation, Pollution, and Resources 6 Public Sector Issues 8 Limitations to Addressing Urbanization 9 Poverty: Introduction and Macroeconomics 11 Causes: Forced Migration 15 Influence/Disparity of Power (Income Gap, Feudalism, and Corruption) 16 Communal Concerns (Water, Education, Government Instability) 19 Limitations to Addressing Poverty 21 Recommendations: Preventative Refugee Policy 21 Water Resource Policy 22 Unilateral Program on Religious Tolerance 22 Works Cited 24 P a g e | 2 Urban Setting Pakistan has the sixth largest population in the world with 174 million people and an annual population growth rate of roughly 2% as of 2010, a sharp contrast to their post- independence population of 36 million. The UN projects that come 2050 Pakistan will have a population in upwards of 300 million. Although Pakistan's current population may be just over half of the US, their land mass is only about twice the size of California. Feeding, clothing, housing, and maintaining the quality of life for this dense population is one of Pakistan's greatest challenges. A particularly troublesome challenge has been the uneven distribution. Pakistan's uneven distribution is exemplified by the high density cities of Karachi, Lahore, and Faisalabad to the east and the sparse plains of Baluchistan as seen below. P a g e | 3 Karachi ranks as the world's largest city, even over Shanghai, with a population of 15.5 million and a metro-area population of 18 million. -
Declining Decent Work and Emerging Struggles
Labour Rights in Pakistan Declining Decent Work and Emerging Struggles A Report July 2010 Pakistan Institute of Labour Education & Research 2 Labour Rights in Pakistan Advisor Karamat Ali Editor Zeenat Hisam Section One Contributers Zeenat Hisam Shujauddin Qureshi Noriko Hara Section Two Contributers Dr. Ali Ercelawn and Karamat Ali Dr. Shahida Wizarat Bisharat Ali Noriko Hara Zeenia Shaukat Zeenat Hisam Cover Design and Layout K.B. Abro First published July 2010 ISBN 978-969-9153-08-2 Published by Pakistan Institute of Labour Education & Research PILER Centre ST-001, Sector X, Sub-Sector V Gulshan-e-Maymar, Karachi-75340, Pakistan Tel: (92-21) 6351145-7 Fax: (92-21) 6350354 Email: [email protected] 3 Labour Rights in Pakistan Contents Foreword Section One 1. Introduction National Context War on Terror Political Turmoil and the Change of Government Faltering Economy, Rising Poverty 2. Legislation, Policies and Tri-partite Consultations: The Gaps and the Widening Chasm IRA 2008 The Workers' Perspective: Labour Charter 2008 Stakeholdrs' Efforts for Alternative Industrial Relations Law Tri-partite Labour Conference 2010 Services Tribunal (Amendment) Bill 2010 Labour Policy 2010 3. Status of Labour Rights and Workers' Struggles in Selected Sectors Manufacturing: Textile Industry (Garments and Power Looms Sectors) Manufacturing: Hand stitched Footballs Agriculture Fisheries 4. Women in Employment Section Two Special Articles 1. Enabling Equitable Access to Land & Fisheries (Dr. Ercelawn & Karamat Ali) 2. Food security (Dr. Shahida Wizarat) 3. Migrant Workers in Karachi (Noriko Hara) 4. Social Protection (Zeenia Shaukat) 5. IRA 2010: Route to Change (Zeenia Shaukat) 6. Minimum Wages and Collective Bargaining: Emerging Initiatives in the Informal Sector (Zeenat Hisam) 7. -
Chapter 5.2: Tourism Development
PUNJAB ECONOMIC | REPORT national GDP in 2015. If we include indirect and induced eects of tourism, the contribution of the sector increases to Tourism Development PKR 1,918.5 bn or almost 7 percent of GDP. Domestic tourism in a country tends to precede international tourism. More than 45 million domestic tourists travel 5.2.0 Introduction each year across Pakistan.2 As per World Travel and Tourism Council estimates, in the year 2015, domestic travel spend- ing in Pakistan claimed 90.8 percent of direct travel and tourism GDP. Domestic travel spending is expected to grow by Pakistan is endowed with immense geographical beauty with an equally rich and diverse tapestry of cultural heritage in 3 percent in 2016 to more than PKR 1 trillion and rise by 5.3 percent per annum to almost two trillion rupees in 2026. every province. Notwithstanding that, for a host of factors, the performance and state of tourism in the country is much lower than its potential, especially if compared to similar countries. Direct contribution of tourism towards Pakistan’s e gures below show Pakistan’s relative positioning in tourism export. Both gures clearly indicate that Pakistan is not GDP was PKR 793.0 bn in 2016, this is equivalent to 2.7% of GDP, which is a mere fraction of the sector’s potential.1 competitive as spending by foreigners is less than the comparator group countries shown. Pakistan’s international tourist Now that tourism is a provincial subject, there exists a great opportunity for Punjab to formulate an eective and ecient receipts (excluding travel) as percentage of GDP are the lowest when compared to the world average, India and South institutional framework to unravel the tourism potential of the province to the fullest. -
Situation Analysis of Children in Pakistan | September, 2017 Foreword
© United Nations Children’s Fund (UNICEF) Photographs: UNICEF Pakistan Designed by Human Design Studios CONTENTS Acknowledgements 8 Foreword 9 Acronyms 10 Map of Pakistan 12 Executive Summary 13 1. Introduction 20 1.1 SitAn Approach and Methodology 21 2. Context 30 2.1 Pakistan’s National and International Commitments 33 2.2 Governance and Policy Framework 34 2.3 Public Financing: Child-Specific Investments 38 2.4 Multidimensional Poverty in Pakistan 44 3. All Children Survive and Thrive 50 3.1 Nutritional Status 52 3.2 Maternal, Neonatal and Child Survival 63 3.3 Child Immunization 68 3.4 Key Conclusions and Considerations 72 4. All Children Learning 78 4.1 Out-of-School Children 81 4.2 Children in School 86 4.3 Children’s Learning Outcomes 94 4.4 Key Conclusions and Considerations 99 CONTENTS 5. All Children Protected from Violence and Exploitation 104 5.1 Birth Registration 108 5.2 Protection from Violence and Exploitation 110 5.3 Key Conclusions and Considerations 118 6. All Children Live in a Safe and Clean Environment 124 6.1 Safely Managed Water 126 6.2 Sanitation Services 129 6.3 Key Conclusions and Considerations 135 7. Cross-cutting Priorities for Children in Pakistan 140 7.1 Gender Equality 140 7.2 Equity 146 7.3 Other Cross Cutting Issues 147 7.4 Key Conclusions and Considerations 152 8. Conclusion and the Way Forward 158 Glossary 164 References 167 Annexes 179 List of Tables Table 1: Pakistan’s key demographic indicators 31 Table 2: Public sector health and education expenditure (provincial and federal) (PKR billion) 40 Table -
Impact of China Pakistan Economic Corridor
Impact of China Pakistan Economic Corridor Muhammad Aqeel (16546) Förnamn DegreeEfternamn Thesis BBA International Business 2016 DEGREE THESIS Arcada Degree Programme: BBA International Business Identification number: 5400 Author: Muhammad Aqeel Title: Impact of China Pakistan Economic Corridor (CPEC) Supervisor (Arcada): Siv Relander Commissioned by: Abstract: The work of this thesis primarily revolves around the concept of logistics’ shipping cost and transit time. China needs a short, safe and inexpensive trading route to European and Middle Eastern countries. The aim of the study is to verify if CPEC is a viable solution to the need. The study analyzes the impact of China Pakistan Economic Corridor (CPEC) on trade in terms of the shipping costs and transit time. Transport and infrastructure are called strategic levers of trade as they help in reducing the shipping costs and transit time. In the modern era, organizations want to reduce the shipping costs and transit time to maximize profit and ensure timely delivery of product. The focal point of the thesis is to study the importance of CPEC and its impact on import and export in terms of costs and transit time. Besides, this study compares existing route with proposed route. The re- search methodology used in the study follows qualitative and descriptive approach. In this study, dry port Kashgar (western China) has been taken as origin and three ports of each European and Middle Eastern countries are taken as destinations. The destination ports which have been selected in this study are key trading players with the port of origin. The selected European ports (Hamburg, Le Havre and Rotterdam) share huge trading volume with China. -
Mining Industry Impact on Environmental Sustainability
processes Article Mining Industry Impact on Environmental Sustainability, Economic Growth, Social Interaction, and Public Health: An Application of Semi-Quantitative Mathematical Approach Muhammad Mohsin 1 , Qiang Zhu 1, Sobia Naseem 2,*, Muddassar Sarfraz 3,4,* and Larisa Ivascu 4,5 1 School of Business, Hunan University of Humanities, Science and Technology, Loudi 417000, China; [email protected] (M.M.); [email protected] (Q.Z.) 2 School of Economics and Management, Shijiazhuang Tiedao University, Shijiazhuang 050043, China 3 College of International Students, Wuxi University, Wuxi 214105, China 4 Research Center for Engineering and Management, Politehnica University of Timisoara, 300191 Timisoara, Romania; [email protected] 5 Faculty of Management in Production and Transportation, Politehnica University of Timisoara, 300191 Timisoara, Romania * Correspondence: [email protected] (S.N.); [email protected] (M.S.); Tel.: +86-18751861057 (M.S.) Abstract: The mining industry plays a significant role in economic growth and development. Coal is a viable renewable energy source with 185.175 billion deposits in Thar, which has not been deeply explored. Although coal is an energy source and contributes to economic development, it puts pressure on environmental sustainability. The current study investigates Sindh Engro coal mining’s impact on environmental sustainability and human needs and interest. The Folchi and Citation: Mohsin, M.; Zhu, Q.; Phillips Environmental Sustainability Mathematics models are employed to measure environmental Naseem, S.; Sarfraz, M.; Ivascu, L. sustainability. The research findings demonstrated that Sindh Engro coal mining is potentially Mining Industry Impact on unsustainable for the environment. The toxic gases (methane, carbon dioxide, sulfur, etc.) are released Environmental Sustainability, during operational activities. -
Pakistan : Employment, Output and Productivity
ISSUES IN DEVELOPMENT Discussion Paper 33 PAKISTAN: Employment, Output and Productivity Nomaan Majid International Labour Office Geneva Copyright © International Labour Organization 2000 ISBN 92-2-111977-7 Publications of the International Labour Office enjoy copyright under Protocol 2 of the Universal Copyright Convention. Nevertheless, short excerpts from them may be reproduced without authorization, on condition that the source is indicated. For rights or reproduction, or translation, application should be made to the ILO Publications Bureau (Rights and Permissions), International Labour Office, CH-1211 Geneva 22, Switzerland. The International Labour Office welcomes such applications. Libraries, institutions and other users registered in the United Kingdom with the Copyright Licensing Agency, 90 Tottenham Court road, London W1P 9HE (Fax:+44 171 436 3986), in the United States with the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923 (Fax:+ 1 508 750 4470), or in other countries with associated Reproduction Rights Organizations, may make photocopies in accordance with the licences issued to them for this purpose. The designations employed in ILO publications, which are in conformity with United Nations practice, and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the International Labour Office concerning the legal status of any country, area or territory or of its authorities, or concerning the delimitation of its frontiers. The responsibility for opinions expressed in signed articles, studies and other contributions rests solely with their authors, and publication does not constitute an endorsement by the International Labour Office of the opinions expressed in them. Reference to names of firms and commercial products and processes does not imply their endorsement by the International Labour Office, and any failure to mention a particular firm, commercial product or process is not a sign of disapproval. -
TPR Pakistan
INTERNATIONAL TRADE UNION CONFEDERATION INTERNATIONALLY-RECOGNISED CORE LABOUR STANDARDS IN PAKISTAN REPORT FOR THE WTO GENERAL COUNCIL REVIEW OF TRADE POLICIES OF PAKISTAN (Geneva, 16 and 18 January 2008) EXECUTIVE SUMMARY Pakistan has ratified the eight core ILO labour conventions. However, all the core labour standards are violated massively and flagrantly. Pakistan has ratified both the core ILO conventions protecting trade union rights. However, the rights enshrined in both conventions are violated on a regular basis. Much legislation has been enacted that withdraws workers’ freedom of association and there is insufficient protection against anti-union discrimination. Several classes of workers are excluded from protection by the provisions of national labour law and several classes of employment are inappropriately defined as essential services, thereby depriving those workers of the right to collective bargaining or to strike. Workers in export processing zones (EPZ's), teachers and health workers, and workers at enterprises such as Pakistan International Airlines, Open Railways, and Karachi Shipyards cannot form trade unions, bargain collectively or strike. Pakistan has equally ratified both the core ILO Conventions on discrimination. However, discrimination against women is a serious problem. Harassment at the workplace is a widespread activity against which there is no national law in force. Pakistan has ratified the ILO’s two core conventions on child labour. However, child labour is a very serious problem in the country and more measures need to be taken urgently to combat it through allocating more resources to provide universal free education and social protection combined with labour inspection. Child labour inspectors lack resources and corruption impedes their work. -
Cotton Processing and Spinning Industry in Pakistan: a Case Study of Lyallpur City Hamid Iqbal 1 Dr
Pakistan Social Sciences Review P-ISSN 2664-0422 December 2018, Vol. 2, No. 2 [01-19] O-ISSN 2664-0430 RESEARCH PAPER Cotton Processing and Spinning Industry in Pakistan: A Case Study of Lyallpur City Hamid Iqbal 1 Dr. Abdul Qadir Mushtaq 2 Robina Khan 3 1. M. Phil Scholar, Department of History & Pakistan Studies, Govt. College University Faisalabad, Punjab, Pakistan 2. Assistant Professor, Department of History & Pakistan Studies, Govt. College University Faisalabad, Punjab, Pakistan 3. Ph. D Scholar Department of Political Science & IR Govt. College University Faisalabad, Punjab, Pakistan PAPER INFO ABSTRACT Received: This study explores the growth of cotton processing and May 14, 2018 spinning industry in Lyallpur. Cotton industry was established Accepted: by British government especially in Lyallpur which was August 31, 2018 renowned as the greatest industry of Pakistan. Cotton the white Online: gold enhanced the position of spindles and spinning industry. December 30, 2018 These industries played important role in the economy of Keywords: Pakistan generally and especially in Lyallpur, a city of Punjab. Cotton, Spinning, Library research has been used to analyze the growth of cotton Economy, processing and spinning industry in Lyallpur. Primary and Development, secondary sources were used to draw a rational conclusion. This Industry study observed that due to vague strategy of governments the Corresponding cotton industry faced problems in growth. Heavy taxes were Author: imposed on production of cotton industry and many taxes were robinakhan101@o also imposed on the imports of industrial machinery. This study utlook.com recommends that government should reserve a special budget for industry. Machinery and industry must be given rebate on imports and exclusion of taxable income. -
Concordia & K2
Tel : +47 22413030 | Epost :[email protected]| Web :www.reisebazaar.no Karl Johans gt. 23, 0159 Oslo, Norway Concordia & K2 Turkode Destinasjoner Turen starter THC Pakistan Islamabad Turen destinasjon Reisen er levert av 21 dager Islamabad Fra : NOK 44 036 Oversikt Unrivalled high mountain scenery and breathtaking views of Pakistan's K2 Reiserute Day 1 Start Islamabad The group flight arrives in Islamabad very early in the morning and we transfer straight to our hotel where rooms will be waiting for you; the rest of the day is free to recover from your journey. Those not flying with the group from London will join us at the hotel in Islamabad during the day. Later in the day, when everyone has arrived, we will have a group briefing. We may also have to visit the Ministry of Tourism for an official briefing.Standard Hotel Day 2 Spectacular flight to Skardu This morning we travel to the airport and take the spectacular flight (weather permitting) across the mountains to Skardu. The rest of the day is free.Standard Hotel Day 3 Free day in Skardu In the morning we will have a walk up to the remains of Skardu fort, which overlooks the town and has great views of the Indus Valley. We will then walk to a small village, which grows all its crops organically. The afternoon is free to explore. You may like to take an optional jeep tour to Satpara Lake (US$65 per person) or explore the bazaar. We may have to visit the Ministry of Tourism for an official briefing later in the day and to have our official documents cleared to start the trek.Standard Hotel Day 4 Drive through spectacular mountain scenery to Askole We set off northwards by jeep up the Shigar valley to Dassu, which used to be the end of the road. -
Market Systems Analysis for Afghan Refugees in Pakistanpdf
MARKET SYSTEMS ANALYSIS PAKISTAN Market Systems Analysis for Afghan Refugees in Pakistan MARKET SYSTEMS ANALYSIS PAKISTAN Market Systems Analysis for Afghan Refugees in Pakistan iii Copyright © International Labour Organization 2018 First published (2018) Publications of the International Labour Office enjoy copyright under Protocol 2 of the Universal Copy- right Convention. Nevertheless, short excerpts from them may be reproduced without authorization, on condition that the source is indicated. For rights of reproduction or translation, application should be made to ILO Publications (Rights and Licensing), International Labour Office, CH-1211 Geneva 22, Switzerland, or by email: [email protected]. The International Labour Office welcomes such applications. Libraries, institutions and other users registered with a reproduction rights organization may make copies in accordance with the licences issued to them for this purpose. Visit www.ifrro.org to find the reproduction rights organization in your country. ISBN: 978-92-2-031227-8 (print) ISBN: 978-92-2-031228-5 (web pdf) The designations employed in ILO publications, which are in conformity with United Nations practice, and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the International Labour Office concerning the legal status of any country, area or territory or of its authorities, or concerning the delimitation of its frontiers. The responsibility for opinions expressed in signed articles, studies and other contributions rests solely with their authors, and publication does not constitute an endorsement by the International Labour Office of the opinions expressed in them. Reference to names of firms and commercial products and processes does not imply their endorse- ment by the International Labour Office, and any failure to mention a particular firm, commercial product or process is not a sign of disapproval.