Volume VII, Issue-I, January 2017 January in History Karachiites rocked most awaited Karachi Food Festival ’17 January 12, 1952 : an organizer. “It was started by the Pakistan Industrial Development Corporation (PIDC), Headed by Founder Chairman Cyra Anklesaria three years back, Ghulam Faruque and now it is getting bigger and January 1, 1955: better with every passing year Pakistan International Airlines comes into because of immense response of being. the citizens.” January 1, 1961: By: Saba Habib Decimal coinage introduced in Pakistan. BS46 5087 January 5, 1963: First trade agreement is signed between Pakistan and China. January 10, 1966: Hordes of foodies were seen in wife. The mayor, who was warmly Tashkent Declaration signed between India queues at the entrance of the Frere welcomed by organisers and and Pakistan. Hall causing massive traffic visitors, appreciated the January 30, 1972: gridlocks on adjacent roads as the management of the festival, saying Pakistan snaps ties with Commonwealth on three-day Karachi Eat Festival that these kinds of activities gave recognizing Bangladesh. continued to attract thousands on Karachiites an opportunity to January 1, 1981: its second day. Saturday evening escape from their daily routine Interest-free banking introduced. offered a sumptuous treat as the and cheer up with their family January 3, 1981: aroma of mouth-watering cuisines and friends. International Islamic University starts ranging from savory items to functioning. sweet ones permeated the air. According to the organisers, the January 3, 1982: Karachi Eat Festival is a platform Pakistan defeats Argentina 12-3 in World Cup The fourth edition of the food for all foodies and it offers Hockey in Bombay. festival, which was postponed for lucrative opportunities to food January 15, 1983: a week due to heavy rainfall on outlets to make their brand What’s inside: First three F-16 jets reach Pakistan. January 13, also saw noted famous among people. “The January 25, 1983: personalities from different walks festival provides food lovers a F 2017, A New Start for the Wifaqi Mohtasib (Ombudsman) Order is of life, including Karachi Mayor platform to enjoy different foods Economic Situation of Pakistan promulgated. Justice Sardar Iqbal is named, Waseem Akhtar along with his all together on one platform,” said WM. F China unveils new plan to further open economy to foreign January 19, 1989: investment Students unions are restored in Punjab & won by ATI (Anjuman-e Talba-Islam). F Pakistan Navy undertakes live missile firing along Arabian Sea January 12, 1992: Lahore-Islamabad Motorway project launched. F Inspiring Story of Shahida Rasool January 15, 1994: F Pakistan predicted to be world’s Pakistan Television transmission gets access to fastest-growing Muslim economy 38 countries via satellite. in 2017 January 2, 2006: F Pakistan’s Mustafa Ali defeats Dr. Shamshad Akhtar assumes office of State Israeli competitor in WWE Bank Governor having the first woman Gov - ernor of SBP. F Lion cubs a major attraction at Lahore zoo Positive Post is published to project positivity all around Pakistan amongst our youth and the entire nation. Our efforts are to inculcate patriotism and a sense of ownership in them. It is a compilation of news extracted by the students of Mass Communications and Media Studies of Greenwich University. 2017, A New Start for the Economic Situation of Pakistan The start of 2017, bring some League-N (PML-N) showed it good news for foreign and do - strong determination when they mestic investors, job providers took over the government in and job seekers, and above all – 2013. And this strengthens the it’s going to be a good year for political situation of the coun - the economic situation of Pak - try. istan.The year 2017, brings some booming happenings Although the government has from the previous years since been facing major issues right the holding of the new govern - from the beginning of their ment (PML-N). With this year, tenure, they still aren’t quitting. hopes from country’s top ex - First and the major issue was provision of energy power group worldwide. And recently, perts and researchers have handed over by their predeces - would make the textile industry they’re named among the top 33 boosted to the highest. They’re sor. The power shortage was at of Pakistan to boom once again. largest public companies by confronting that this year (and its peak. Businesses losing their Forbes Global 2000. Beside so onwards) would be the start of control. A mess in law and Adding to his address, PM many rumors, the company is foreign investments in the order. Nawaz Sharif also proclaimed also among the top eyed com - country. that new power plants will be panies by job seekers from Pak - The second issue was created by structured to overcome the istan. And with a boom in Last time a boom like this (rel - PML-N’s opposing force i.e. power crisis. Helping everyone country’s economic stability, atively lower) was seen during Pakistan Tehreek-e-Insaaf enjoy the taste of energy all the more jobs from Nestle Pakistan 1992 to 2008. The capital mar - (PTI). This also disturbed the time and with a comparative could be seen inviting more job kets of Pakistan was in a contin - economic stability of the coun - lesser rate. seekers. uous stage of growth. But, this try. But as the matters are now couldn’t last long. A global de - being tackled in a much more These favorable remarks and ac - In addition to Bruno Olier - pression in the finance sector professional way, the economic tions by the current government hoek’s comments, the Executive shook every country including situations started getting better. are making them stronger (and Director Research & Business Pakistan. perhaps even favorable for the Development at AKD Securi - The government also did make next elections), and with com - ties Ltd. Umer Pervez also The country couldn’t beat this some positive moves like elimi - ments from some top influ - shared his comforting thoughts overlapping force as there were nating terrorism to the max (all encers, it’d surely help them about the economic growth of other factors as well, all disturb - the tribute goes to Gen. (ex) stabilize the country’s overall the country. He also empha - ing its financial stability which Raheel Sharif and the Pak position. sized on the outcomes of includes power crisis, acts of ter - Army), provision of power (cut - CPEC both for local and inter - rorists, disturbance in law and ting down load-shedding), im - In an interview, the MD of national businesses with an im - order, and unstable political sit - proved order and law in the Nestle Pakistan, Bruno Olier - provement in the overall uations. country, better infrastructure, hoek, also emphasized on the economy of the country. and the establishment of strengthening position of the The political instability, how - China-Pakistan Economic country. “With increasing per Economic Situation of Pakistan, ever, saw its first positive sign Corridor (CPEC). capita income, gradual improve - Inviting Investors from the when Asif Ali Zardari com - ment in economic growth, bet - Globe pleted his five years’ constitu - A rise in capital markets already ter law and order situation, No doubt, CPEC is one of the tional terms as the president of showed its boom when CPEC easing energy crisis, political key factors which is stabilizing Pakistan (2008-2013). Since the was finally concluded. And with stability, exponential gains in the economy, but other major independence of the country, this, all started revamping the equity market, massive infra - steps like provision of power en - this was the first ever demo - country’s economic situation. structural development under ergy to industries, grants in cratic period witnessed by Pak - Declaring a Steady Growth in China-Pakistan Economic taxes, and reduced terrorism are istan. Although, the economic the Economic Situation of Pak - Corridor (CPEC) and other fa - all positive signs showing a situation got worse than the istan vorable indicators, we are hope - strengthening economic situa - previous tenure of Gen. Pervaiz ful of entering the hot zone, tion of Pakistan. Musharraf (2001-2008). But Recently, PM Nawaz Sharif also which tends to open new vistas this period of Pakistan People’s announced an investment of Rs. of robust growth for food and And with this booming econ - Party (PPP) from 2008 to 2013 180 billion to boost exports of other industries” he shared his omy of Pakistan, a call to for - is yet to be admired by all. the country. He planned to hopeful comments with an in - eign and overseas investors is deduct taxes on several indus - terview to The News (dated: Jan being spread all across the Admired by PPP’s stable gov - tries including the textile indus - 4, 2017). globe. ernment, Pakistan Muslim try. This grant with the Nestle has always been a huge Courtesy:www.researchsnipers.com 2 China unveils new plan to further open economy to foreign investment China's State Council, the country's Cabi - intended to create a “fair and competitive” net, issued on Tuesday new measures to fur - environment that puts “domestic and ther open the world's second-largest foreign companies on an equal footing.” economy to foreign investment, including easing restrictions on investment in banks “The devil is always in the details,” said and other financial institutions. Arthur Kroeber, partner of Gavekal Drag - onomics. “How the rules get implemented The move comes as President Xi Jinping will be very important.” seeks to project China as a leader in com - bating increasing global protectionism. Restrictions on foreign investment in telecommunications, internet, culture, edu - Xi defended globalisation in a speech at the cation and transportation sectors will be World Economic Forum in Davos on Tues - opened “in an orderly way”, the State No further details were provided, nor a day amid mounting public hostility in the Council said.