Saad Sarwar Muhammad has a BS in Computer Science from the University of Central Oklahoma, USA and an MBA (Finance) from the Indiana University of Pennsylvania, USA. He writes on issues related to the world economy with special emphasis on Pakistan, US and China. Other areas of interest include information technology, politics and religion. He is currently working as an Assistant Professor in Information Technology and E-commerce as a Cluster Head at NUST Business School(NBS), Islamabad, Pakistan. He is also the editor of an online economic analysis think tank called Economistan (www.economistan.com)
Articles by Saad Sarwar Muhammad
Many sound management practices in the contemporary world owe their beginnings to the early Muslim managers who used the most humane and cutting edge techniques of management in those times and brought the light of knowledge to the human world. It is about time to relive those times and do away with the archaic bureaucratic practices of management that the British have endowed to the lands they have ruled. It is also imperative that people in the Muslim world adopt these golden principles of management of the fore and do away with unnecessary dress codes, excessive respect to authority so much so to degrade one´s self and the dignity of humanity, fairness and standard code of conduct, the concept of humility, promotions based on merit as the sole criteria rather than age or any other thing for that matter.
Yen has risen and fallen while Gold is booming but the true pulse of the world economy may be the Euro.
Islamic banking is growing at a phenomenal pace, despite the current financial crunch. It is proving popular amongst Muslim and non-Muslim customers alike due to the very nature of these partnership based instruments.
Many opportunities abound for countries like Pakistan due to the dynamics of the essential commodity prices coupled with low shipping rates. Time to harness these to our advantage.
Pakistani economy along with the Pakistani rupee would be better served if the floor on KSE remains on for another month or so.
Free markets come with their own advantages. Government regulation and interference in tough economic times is interventionist behavior. AIG related bailout by the US tax payer money is akin to nationalization of the economy which is opposed to capitalism. Free markets as we knew them have ceased to exist.
Pakistan's energy problem is exacerbated due to high oil prices. The only solution left for Pakistan is to exploit hydel-power and alternate sources of energy like wind and solar.
As the subcontinental saying goes, "Every two miles the water doth change, and every four the dialect". It can be rephrased to represent the reality of Pakistani Government as well..."Every two mile the water doth change, and every four the (governmental) authority".
China should start the shift from the producer to the consumer economy by paying attention to the needs of the local customer. China should begin using its vast reserves to transfer the economic boom to the ordinary consumer by building roads and infrastructure and above all to produce products tailored to its own people. Time has finally come for China to look inwards and not outwards for greater economic welfare.