Showing posts with label loan. Show all posts
Showing posts with label loan. Show all posts

Friday, 13 December 2013

Loan for Small & Medium Size Enterprises by the Nawaz Sharif's Government.

LIVING UNDER HOT WATERS

The present government once again has decided to through the stumbling economy of Pakistan under heavy pressure of loans. This government is already borrowing a huge amount of Dollars from IMF and trying to involve the young innocent chaps into a vicious circle of Loan Scheme.

Now consider the stance of present Nawaz's government that this loan amount will generate economic activity in the country and serve the individual in up-lifting their standard of livings. But the government's claim is nothing but to cheat the unemployed youngsters. The intention and medium used in sanctioning this loan amount is very ridicules.

When Loan Scheme Works:

We will discuss here in short that when & what kind of economy such like Loan Scheme would succeed;

  1. In an economy where a developed industrial infrastructure is already in operation, because small & medium size loan channelize the demand of big industrial units. The amount involved here is very meager and no one could  start a reasonable business except establishing a barber shop, beauty clinic, a grocery shop, a welder shop, a puncture mending shop and so on.
  2. The economy of Pakistan depends upon cultivated land and about 65% of population is already engaged with cultivation and there is no need of further experimentation. Now question arises here regarding the usage of Loan Amount. Is it not possible for a loan seeker to use the debt amount in agricultural purposes. The answer is no, he cannot do that because....(detail will be given in next feature) Cont........
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self-sufficient discuss

Definition:(adjective) Able to provide for or support oneself without the help of others.
Synonyms:self-sustaining
Usage:A strong and self-reliant man, he had all his life ignored companionship, had been well content to live without friends, self-contained and self-sufficient.

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Amazons

The Amazons are a mythical nation of female warriors whose place in Greek mythology may have been inspired by Sarmatian warrior women who, according to ancient historians, went to battle alongside their men. Archaeological evidence seems to confirm this theory; a quarter of the Sarmatian military graves that have been discovered belong to women, many of whom were buried with bows. What extreme form of body modification were Amazons rumored to practice in order to improve their marksmanship? More... Discuss

This Day in History

Founding of The Church of Jesus Christ of the Latter-Day Saints (1830)

Shortly after Joseph Smith published the Book of Mormon in 1830, he officially founded The Church of Jesus Christ of the Latter-day Saints—also known as the Mormon Church—in Fayette, New York. The church flourished but was forced to relocate frequently. It was violently expelled from Missouri, and a mob killed Smith in Illinois in 1844. His successor, Brigham Young, led followers to Utah three years later. Tensions with the US government continued to escalate, culminating in what war? More... Discuss

Today's Birthday

Gerald Joseph "Gerry" Mulligan (1927)

Mulligan was an important baritone saxophonist and one of the best-known exponents of cool jazz, a delicate, understated offshoot of bebop. He began his career in the mid-1940s as an arranger for Gene Krupa and Claude Thornhill and played on the historic Miles Davis nonet recordings in 1949. He gained considerable success with the quartet he formed with Chet Baker in 1952, and he led ensembles of various sizes thereafter. Mulligan served jail time after he was arrested in 1953 for what? More... Discuss

Today's Holiday

Chakri Day

Chakri Day is a national holiday in Thailand to commemorate the enthronement of Rama I, who founded the Chakri Dynasty in 1782. He was born Chao Phraya Chakri in 1737 and had become Thailand's leading general when a palace coup took place in Thon Buri. The dynasty he established has headed the country to this day, although the end of absolute monarchy came in 1932. The king was given the title Rama after his death. Ceremonies on April 6 honor his deeds and the founding of Bangkok as the capital. More... Discuss

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Quote of the Day
Although the Devil be the father of lies, he seems, like other great inventors, to have lost much of his reputation by the continual improvements that have been made upon him.
Jonathan Swift
(1667-1745)
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