What a wonderful milestone 50 years is! No wonder it is called the Golden Jubilee - precious, and cause for much jubilation.
In a world where the reading habit is dropping, in a country where the literacy rate is low, in a city of several million where no newspaper - not even in the vernacular - can claim a circulation of even a million, for a newspaper in the English language, devoted basically (though obviously not solely) to business, to have reached its Golden Jubilee is little short of miraculous! More importantly, it is an undeniable tribute to the excellence of the newspaper.
The founding editor of Business Recorder, the late Mr. M.A. Zuberi, was a veteran journalist and a sound financial analyst. When the former President General Zia-ul-Haq wanted to impose the Islamic banking system in one go, replacing others, Mr. M.A. Zuberi wrote a thought-provoking editorial which helped persuade the president that such a sudden step would jeopardize the whole banking industry of the country. He suggested instituting a dual banking system. His editorial said: 'We believe it will be advisable to give people a choice to bank according to their likes and beliefs.' The soundness of the advice is borne out by the fact that his suggested system continues to this day. Fortunately, his sons have proved to be more than worthy heirs.
All connected with the Business Recorder and responsible for it, have every right to celebrate, before dedicating them-selves to the Future Fifty! My felicitations and good wishes go out to them, along with my prayers.
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