Banks can play a key role in the growth of insurance industry in the province Larger the risk level, higher the growth of insurance industry. The risk perception — risks to life, assets and public and private properties — has been higher and widely prevalent in Balochistan where the incidents of terror and attacks on public and private properties have witnessed a phenomenal growth over the past many years. The reason is the poor …

China has welcomed investment into Pakistan’s Special Economic Zones (SEZs) from other countries. While speaking at the “Dialogue on Industrial Cooperation under CPEC and SEZs Framework” organized by the Board of Investment last week, China’s Ambassador in Pakistan Yao Jing said that the Chinese investors were showing keen interest to invest in these SEZs. The private businesses have come into joint ventures of tyres, manufacturing of buses and trucks and textiles in the last …

This year, Toyota Pakistan announced its collaboration with Pakistan’s one of the biggest e-commerce platform, Daraz.pk. This will enable people to buy car from the Toyota’s official store on Daraz. Electronic Commerce or e-commerce is actually the business done through the Internet in the present era of modernization and technology. The rapidly growing usage of internet is shifting the world towards the e-commerce. Phenomenal advancement in Information and Communications Technology …

Balochistan is largely an untapped telecom market with the lowest number of mobile phone users. In 2018, a dozen telecom projects were launched to deploy telecom network and services in the province. Today, the telecom operators are set to unleash the potential of the province with 46 percent of the 12.3 million population has no access to either mobile, wireless or a fixed line network. Universal Service Fund (USF), an …

Though having the highest mobile penetration rate in South Asia, Pakistan still has huge potential in digital economy growth. Telenor Group recently released a new connectivity report based on five Asian countries where Telenor Group operates, including Pakistan, Myanmar, Thailand, Malaysia and Bangladesh. The report titled “The Mobile Effect: How Connectivity Enables Growth”, focuses on the impact of the telecom sector on the economies in the countries. The Telenor has …

Pakistan’s banking sector witnessed unprecedented growth after 2001 due to low interest rate and product innovation in consumer financing. Like other provinces, Balochistan is also the beneficiary of the current low interest rate, particularly in consumer financing, which has emerged out as one of most prolific aspects of banking in Pakistan. Consumer financing products include credit cards, personal loans, auto loans and housing mortgage. It not only contributes towards facilitating …