The Indus Waters Treaty, signed on September 19, 1960, is an agreement between India and Pakistan facilitated by the World Bank. This treaty established and defined the rights and responsibilities of both nations regarding the utilization of the waters from the Indus River system. Now India is demanding to renegotiate the treaty’s terms due to […]
Financial Literacy Equals Economic Prosperity
If we look up the term ‘Literate’ in the Webster dictionary, it defines literate as an “individual who can read or write”. The Government of Pakistan also used a similar definition while gauging the country’s literacy rate up until 2017. Afterwards the definition of ‘Literacy’ was updated as the “ability to read and understand simple […]
Born and Reborn Green SMEs
As the age-old proverb goes “A chain is as strong as its weakest link” and the Small & Medium Enterprises (SMEs) in Pakistan are playing the role of a weak link in the country’s Just Green Transition. According to the statistics, Pakistan hosts approximately 4.5 million SMEs, accounting for approximately 90 percent of all businesses. […]
Let’s Make the New Year Green
Winston Churchill said that “success consists of going from failure to failure without loss of enthusiasm” and it seems that when it comes to New Year Resolutions, we have taken this formula to heart. Each year we resolve to do countless good deeds for our country, promise to right many wrongs, and set our sights […]
The Elixir for Pakistan’s Ailing Economy
The notion of Sustainability has been developed in congruence with the principles of Ecological Balance where a stable ecosystem is created through the harmonious co-existence within species and with their environment. Similarly, sustainable development puts forward the concept of a harmonious balance in a country’s economic system through the simultaneous attainment of social, environmental, and […]
ESG: The What, Why, and How? – II
Why the need of ESG? Just like the famous saying goes, “When the why is clear, the how is easy,” understanding the basic philosophy behind a business ideology paves the way toward an effective and efficient adoption process. However, for a business philosophy to become part of the existing business ideology, clarification on ‘Why’ it […]
ESG: The What, Why, and How? – I
Among the never-ending stream of acronyms, we hear and try to understand on a daily basis, ESG. The acronym for Environmental, Social, and Governance has taken the corporate world by storm. Globally, organizations across all industrial sectors have been allocating more and more resources toward improving ESG performance. On the investment front, inflows into environmentally […]
Combating Inflation with a Green Transition
Every day we wake up to a new wave of inflation in our country. With each passing day, it is becoming more and more difficult for the average Pakistani to survive this continuously rising storm of inflation as the country inches closer and closer to the state of hyperinflation. Currently, Pakistan is facing both Climateflation […]
Carbon Neutrality
The famous proverb, “When Life Gives you Lemons, Make Lemonade!” sums up the idea of developing carbon markets in Pakistan where lemons are the rising amount of industrial, agricultural, construction, and vehicular Greenhouse Gas (GHG) emissions and lemonade would be the carbon credits traded in the carbon markets. Carbon markets are trading systems in which […]
Green Banking & Islamic Banking
And when it is said to them, “Do not cause corruption on the earth,” they say, “We are but reformers.” Unquestionably, it is they who are the corrupters, but they perceive [it] not. (Qur’an 2: 11-12). Up to 1,400 years ago, Islam gave us the doctrine regarding the behaviour of all human beings toward the […]