Stories

The performance speaks for itself. The quiet pace of progress on CPEC projects in energy, infrastructure, Gwadar and upstream and downstream industrial sectors in Pakistan has silenced detractors and started creating ripples in society. A structured mega socio-economic plan to counter the language barrier and skill development gaps in manpower in Pakistan is lacking, but […]

ISLAMABAD: Cabinet Division has reportedly sought federal cabinet’s endorsement of public sector entities sell-off decisions taken by the Cabinet Committee on Privatisation (CCoP) from 2014 onward, well informed sources told Business Recorder. Recently, Supreme Court of Pakistan set aside a decision of the Prime Minister for withdrawing exemption on sales tax to the companies, importing […]

Resident of Dhabian, Malik Tahir Suleman has been collecting currency notes and coins issued since 1947 and celebrated Independence Day by exhibiting his collection at his home and inviting the public for a viewing. School going children, art enthusiasts, tourists, amateur and professional philatelists or stamp collectors and numismatists, who are coin and banknote collectors, […]

After spending most of 2015 in distress, gold futures finally made a recovery ever since the start of 2016 on the back of tumultuous opening of the global equity markets. In a period of disappointment across the financial globe, where crude oil was aggressively falling, and majority of the stock indices entering bear market amid […]

The law and order situation in the commercial hub of the country, Karachi, has also significantly improved. The incidents of target killings and violent clashes have shown a significant decrease since the rangers began a targeted crackdown in the mega city. Alongside the security situation, the economy of the country has also been showing signs […]

The impact of global recession is more visible in Pakistan compared with neighboring Asian countries such as China, India, Bangladesh, Sri Lanka, etc. The real GDP growth of these countries is on average above the growth in industrialised countries and the world. Why Pakistan is lagging behind in terms of higher real GDP growth is […]

OVER the past few months, I have canvassed important global companies and investors about their appetite for Pakistan. Unlike the more volatile portfolio investors, these ‘sticky’ investors are courted by many countries because they invest through economic cycles, create value-added jobs and bring innovation to markets — the kind Pakistan needs badly over the next […]

KARACHI: Pakistan received $416.1 million in foreign direct investment (FDI) in the first half of fiscal year 2013-14, 26.8% lower than the amount received in the corresponding six months of the preceding year. According to data released by the State Bank of Pakistan (SBP), the sharp drop in foreign investment from July to December is largely […]

If there is one thing the present government is consistent in, it’s inconsistency. For the nth time, in its three years of rule, the government has taken back one of its earlier decisions – this time choosing to give the sales tax amnesty to the export-oriented sectors. While moves likes these show that democracy is […]

KARACHI: Securities and Exchange Commission of Pakistan’s (SECP) Insurance Commissioner Mohammed Asif Arif said on Friday  that the apex regulator, in addition to its role of a watchdog, is now expected to play its part in developing a market and enhancing its efficiency. Addressing the launching ceremony of the Institute of Capital Market’s (ICM) Financial Literacy […]