This post discusses the different modes of transport in Pakistan. Before discussing the modes of transport, it’s important for students to know the evolution and meaning of the term ‘transport. Background In primitive societies, humans moved and carried things from one place to another without use of any transport. With time, man domesticated animals and…
In this article, the concept of ‘trading partners’ will be unpacked. Moreover, Pakistan’s position in the international market and the issue of trade deficit faced over the years will be briefly discussed. The main focus will be on trading partners and exports imports Pakistan does with them. The concept of trading partners Trading partners are…
In this article, I will discuss the importance of trade and commerce activities in the economic development of any society or country. Human beings are social animals as the great philosopher, Aristotle has said thousands of years back. They cannot live in isolation. Social interaction and mutual existence is important for survival. In this regard,…
It is vital for secondary level students to know about the importance of trade and commerce; and basic economic concepts i.e. foreign exchange, the balance of trade, the balance of payment before they advance to the next levels of their education. It is equally important for people generally to have a basic know-how about economic…