Tag: Economics

Economics of moral hazard

Renewed US slowdown, Europe’s peripheral debt and default concerns, and inflationary pressures on Chinese growth sound the death knell for the Fed-led recession response,...

Siamese twins: Economics, politics

Politics is the continuation of economics by other means and vice versa. Economics is the practice of production, distribution, exchange and consumption of the...

Home Economics College’s convocation held

42nd Annual Convocation of the College of Home Economics, Lahore was held on Saturday. Punjab Education Minister Mujtaba Shujaur Rehman was the chief...

Rethinking Islamic economics

COMMENT - Pakistan is an Islamic Republic. This entails that the laws of trade and commerce must function in the light of Islam. Therein lies a contentious dispute between those who advocate a concerted drive to return towards medieval trading practices and businessmen who favour a predatory Laissez faire economic system. A path towards balance and moderation must be charted.
However, to define the Islamic economic system precisely is a difficult proposition. Firstly, the clergy,

Home Economics students display art

Annual exhibition of Home Economics College kicked off on Friday. Visitors admired the extraordinary work exhibited by the students. The extraordinary work exhibited makes one sense the experience of thought and mastery of hands that has finally evolved into pottery, interior design, weaving, painting, textile design or printing.
Food and Nutrition Department, Textiles and Clothing Department, Human Development Department, Art and or Design Department, Housing Department, Home

Islam and economics

LAHORE - Economics determines the distribution of goods and services and hence living standards in societies. Contrary to the position of many Western analysts, Islam is not inimical to economic growth.
One of the basic purposes of Islam is to establish a just economic order. Islam is not opposed to the ownership of wealth per se; but it demands that wealth be obtained through legal means and the preservation of human rights and dignity. Islam is the only major world religion