Even a cursory look at the budget proposals suggest that the entire focus of the government is on revenue mobilization rather than enhancing size of GDP and accelerating growth rate. Though, the incumbent government aims to achieve a double digit growth the necessary impetus are missing, the most obvious being the proposed allocation for the public sector development program (PSDP). Historically, the successive governments in Pakistan have been making …
Read More »Making insurance companies vibrant
Fully cognizant of opportunities and threats facing Pakistan, Securities and Exchange Commission of Pakistan (SECP) has developed a ‘Roadmap’ for insurance companies to enable them to play their due role. Many of the sector experts have a myopic view that the primary mandate of insurance companies is ‘risk mitigation’ only. They often tend to overlook the fact that insurance companies also play a key role in capital formation. Anyone …
Read More »High cost of doing business in Pakistan
Presently, the cost of operating a business in Pakistan is considerably high because of incompetent and unfriendly socio-economic environment. Consequently, Pakistani businesses are at a comparative demerit in regards of operating costs against their competitors in the region. In spite of continuous representations to the government strategy adepts and top executives, no worthwhile attempt has been made towards declining the high cost of doing business in the country. The …
Read More »Investment options to counter inflation
Pakistan has been plagued with inflation for a long time, which creates pressure to meet day-to-day household expenses in limited income. It is extremely important that an additional source of income is available, which cushions monthly expenses. Investment management has long been carried out for additional income, however, in an inflationary environment where cost of living is increasing year-on-year, having and executing a plan for investments of residual funds …
Read More »Saudi firm SALIC keens to invest in red meat
While there is an abundant supply of red meat in Pakistan, the Saudi Agricultural & Livestock Investment Company (SALIC) has shown interest for making investment in red meat product of Pakistan. Tremendous potential in livestock sector of Pakistan has remained untapped since many decades despite the fact that we are ranked 19th in the world in meat production and 4th in milk production. Livestock sector provides employment opportunities for …
Read More »Saudi investment in Pakistan: strong bilateral ties to continue
Saudi Arabia and Pakistan, both being Muslim countries enjoy a cordial relation. Saudi Arabia has high regard for Pakistan for being the first Muslim country to hold nuclear power. Those seeking jobs in Saudi Arabia are given visa without any major hiccups. Prime Minister Nawaz Sharif after his exile from Pakistan lived in Saudi Arabia during which time he developed close ties with the Royal family. Saudi Arabia in …
Read More »Overseas investors demand one window tax collection
The overseas investors getting upset to deal with various agencies responsible for tax collection have urged upon the government to integrate all revenue collections under one ministry to improve doing business environment. Overseas Investors Chamber of Commerce and Industry (OICCI) the representative body of the overseas investors in Pakistan, however, has extended its support to the Sindh government in its efforts to increase revenue collection and streamline the taxation …
Read More »Business environment for retail business
With the positivity instilled with the current government, most segments of the economy are showing positive signs of growth. When talking to businessmen on market potential, most say that the sector which is the best choice for investments is the retail sector. Pakistan has population of 180 million people, and frankly, the only entertainment is food and shopping. The demand of both food and shopping is counter to the …
Read More »Business environment in Pakistan
Rising cost of doing business, energy crisis & security issues are cause of concern for overseas investors To attract foreign investment is one of the top priorities of the present government with a view to improve economic growth in Pakistan. In this respect the Ministry of Finance is holding road shows at least six in six major cities including Dubai, Los Angles, New York and London this week. Although …
Read More »Vast opportunities of export, investment exists in livestock
Livestock is a vital sub-sector of agriculture in Pakistan as promoting dairy, meat and poultry business in this sector is more beneficial for the economic development of the country. Livestock contributed approximately 55.1 percent to the agriculture value added and 11.6 percent to the national GDP during 2010-12. Gross Value Added of the livestock sector at constant factor cost increased from Rs672 billion (2010-11) to Rs700 billion (2011-12) showing …
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