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COVER STORY

THE LEADING BUSINESS SCHOOLS OF PAKISTAN

Aug 25 - 31, 2003  
ISSUE # 34  

Lack of entrepreneurial skills and professional management are impeding the growth of Pakistan's economy. The business schools in Pakistan are playing a key role to overcome these impediments. Curriculum is being revised and quality of faculty is being improved further to ensure better quality of students graduating from these schools. However, a lot more needs to be done to improve those schools which are lagging behind.

 

 

 

 

HOME REMITTANCES
Home remittances are likely to play a key role in building up the foreign exchange reserves in Pakistan. The interbank and open market differential in exchange rate was the real temptation for using the Hundi network for remittances. The most significant implication provided by recent external shock to Hundi network and the kerb premium is reduced to zero level. This situation has paved the way for growth in the home remittances through official channels in future also.

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TARIFF & TAXES
The government has allowed WAPDA to an increase of 3 paisa per unit in electricity charges. KESC has also moved a proposal for a 14 paisa increase in its tariffs. The electricity rates in Pakistan are already on the highest side in the region. In a simple calculation, the consumers are paying around Rs9 per unit for their electricity consumption. The government has constituted a committee for recommending ways for reducing the power rates. The solution lies in removing heavy taxes on electricity consumption.