The debt-laden economy of Pakistan needs foreign inflows in order to address its economic woes. The global economic landscape seems better today vis-à-vis a year ago when the entire world was afflicted by the conundrums of the pandemic. Pakistan’s economic indicators at this juncture augur well down the road. There is no denying that Pakistan has been encountering the ordeal of balance of payment now and again. To address this …

Mudasar, a young Pakistani adept at graphic designing, left for the UAE a couple of years ago and resided in Sharjah with his family having gotten assurances from his boss in the UAE that his job is stable and there is no need for any sort of perturbation. His confidence inflated in the wake of adulation received for his work acumen. To undergo a tantalizing foreign experience, he concurred to …

Not today but five years ago, in the wake of advanced research, financial incentives and public awareness campaigns, Norway had a breakthrough with around 70,000 EVs on the road in Norway. There is a paradigm shift today, to say the least. Sales of electric cars topped 2.1 million globally in 2019. There is a whopping 40% year-on-year increase in EVs globally which speaks volumes of what the world would be …

Based on the mileage it is mandatory for the sake of safety to change the tyres of 800cc car every three years, let alone a sedan or SUV. Four new tyres for a sedan would cost over Rs 65000/- (sixty five thousand rupees) every three years. Cost of tyres for SUV is gigantic. One could have a notion of the enormity of the tyre-business in Pakistan. It is surely a …

Low-cost housing is the dire need since the housing backlog is around 10 million units in Pakistan at the moment. Let alone the impoverished and the poor or the working class to be precise, even the lower-middle class cannot think of buying a house in the wake of high inflation coupled with rising unemployment. Those earning up to Rs80,000/- (eighty thousand rupees) per month find it hard to keep body …

There is no concept of budget or low-cost airlines in Pakistan. On the contrary, there are ample budget airlines in plenty of countries across the globe for the domestic and international passengers, which eventually bring numerous opportunities to the economy in question in terms of growth in tourism, industrial revival, employment opportunities and beefing up the image of the country in question. The world’s best budget airlines are AirAsia, EasyJet, …

A famous adage goes as ‘The deeper the well, the cooler the water.’ The more the investment, the better the infrastructure as well as the more the convenience for the populace. Probably, this is beyond the comprehension of those who need to do it. Economic growth globally is contingent upon the state-of-the-art infrastructure and transportation. The public transportation is a long-held issue of the largest city of Pakistan. Most of …

Pakistan has been able to beef up its image globally. Plenty of foreign diplomats have been visiting Pakistan recently. Pakistan is being considered one of the most worth-visiting countries these day. There is very likelihood that once the fear of coronavirus subsides across the world, visitors from across the world would visit Pakistan. Mr. Emil Wyss, the former Consul General of Switzerland in Karachi from 2014-16, and his spouse, Arie …

We must follow anti coronavirus steps to make Pakistan Day and Pakistanis save and live longer Interview with Mr Ahmed Chinoy — a renowned businessman PAGE: Your views on the Pakistan Day festivities this year due to the fear of coronavirus? Ahmed Chinoy: Pakistan Day has a very significant importance in the heart of every Pakistani individual but the current scenario of coronavirus, which has taken the world in its control. …

Interview with Mr S. M. Muneer — leader of the business community of Pakistan PAKISTAN & GULF ECONOMIST had an exclusive conversation with Mr S. M. Muneer regarding Pakistan Day celebrations and the current economic scenario of Pakistan in particular and the world in general. Following are the excerpts of the conversation: Pakistan Day celebrations this year have been called off which is a very prudent decision. I stand by the government in …