Over
the years the country has witnessed a mushroom growth of universities
and business schools institutions. While the University Grants
Commission (UGC) has been making efforts to improve the quality of
education, the efforts should be more rigorous. It may be voluntary or
regulatory through an autonomous agency other than the UGC. The aim of
educational institutions should not be to produce maximum number of
graduates each year, the objective should be to produce the highest
quality of outgoing graduates.
Newsprint
Drastic increase in international prices and weakening rupee
have pushed prices of newsprint to a record high for the local
publishing industry. The worst hit are the small newspapers and
magazines who prefer to buy the newsprint from the open market for
reasons of pure economics. PAGE highlights the impact.
CAA
The
agreement signed between the Civil Aviation Authority and fastfood
chain McDonald's will help boost CAA's non-aeronautical revenues. The
30-year lease allows McDonald's to open an outlet at the Quaid-e-Azam
International Airport Karachi and kiosks within the airport and will
help earn CAA a minimum revenue of Rs 69 million per annum based over
a fixed percentage of 5.75 on the gross turnover.
Self-Assessment
Scheme
Self-Assessment Scheme 2000 has been announced by the
government. With its unprecedented limitations and tough conditions,
it started new debate among traders. Majority of tax payers have been
excluded from SAS being not eligible for the scheme.
Industry & Economy
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