EDUCATION AND THE ECONOMY

June 20 - June 26, 2005 
ISSUE # 25 

Pakistan is presently one of the fastest growing global economies according to the latest figures released by the government. Of the intricate factors responsible for this historic growth is the growing public awareness and demand for higher education in vocational studies, especially business administration. Since we have a continuous flow of education seekers that is looking for new careers, the demand for public and private sector education has been on the rise for several decades.

SPECIAL REPORT
The economic situation of the country is improving, however, economic development cannot be sustained without improving the quality of business management. Informed decisions could only be based on adequate information, ability to use it and taking the benefit of comparative advantage. It is time to deploy professional managers to manage the businesses efficiently and effectively.

 

 

INFLATION AND INTEREST RATE
Interest rates in Pakistan have a direct link with inflation, if inflation goes on the increase, the interest rates would go up automatically. To judge the movement of interest rates one must keep in mind that as and when inflation increases or decreases interest rates would automatically go up or down accordingly.
These outlines on movement of inflation and the interest rates were given by the Governor State Bank of Pakistan (SBP), Dr. Ishrat Hussain, last week at a meeting held at the SITE Association of Industry where he predicted that banking interest rates will go up further in near future. In conformity to this guideline it seems that the inflationary pressure should also be mounting in the days to come.

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