Insurance business generally grows on risk perception in a society. 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 target killings and attacks on public and private properties have witnessed a phenomenal growth over the past five years. The reason is the …
Read More »Takaful products set to be a game-changer for nascent Islamic insurance market
In today’s world, no country, irrespective of ideological differences, stands isolated today. Foreign Direct Investment (FDI) is a strong and vibrant instrument for an accelerated socio-economic development but conducive atmosphere in this regard is a must. There are two sources of FDI namely, Direct Investment and Portfolio. Direct Investment refers to investment in various industries. This represents fixed investment and is generally expected to be on long run basis …
Read More »Crop insurance for farmers vital for agri growth
Agricultural production and farm incomes in Pakistan are frequently affected by natural disasters such as droughts, floods, cyclones, storms, landslides and the earthquakes. Destruction to agriculture is often combined by the outbreak of epidemics and man-made disasters such as fire, sale of unauthentic seeds, fertilizers and pesticides, etc. Farmers across the country had suffered losses of billions of rupees due to floods of 2010 and rains of 2011. Agricultural …
Read More »Islamic bond market whimpering over the dearth of investment avenues
While investors have been increasingly fishing for Shariah-compliant investment options, conventional banks and asset management companies, in order to cater to the growing demand for Islamic products, were seen jumping into bandwagon. Ijarah Sukuks are Shariah-compliant medium term investment instruments with 6-monthly (floating) profit payments guaranteed by the Government of Pakistan (GoP). SBP announces profits for Sukuk every 6 months. Facilities of further investment and premature encashment through reselling …
Read More »Chinese investment in nuclear power plants K2 & K3 to add 2200mw to national grid
Nuclear power is the greenest option, say top scientists Over 35 percent of the total energy produced in Pakistan is generated through oil-fired system, which is the most expensive mode of power generation in terms of money while emitting carbon dioxide to damage the environment means that we are burning our candle from both ends. On one hand we are spending over $16 billion on import of oil for …
Read More »China’s investments in Pakistan’s energy sector — A significant move
Pakistan faces chronic power shortages due to rapid growth in demand for electricity. Power outages increased significantly due to the widening gap between supply and demand over the past three years. It has adversely affected the industrial output and economic growth of the country. The energy statistics of Pakistan shows that around 50 percent of the need is met by the indigenous gas production and 29 percent by domestic …
Read More »Awareness about benefits of insurance vital for growth: CEO, SPI Insurance
Insurance plays a key role in sustainable growth both on social and economic fronts, said Mian M. A. Shahid CEO, SPI Insurance, however, awareness of the masses at grassroots level about the benefits of insurance is equally important for growth of insurance in the country. Mian M. A. Shahid was addressing the 10th annual general meeting of SPI Insurance, which was attended by members of the board of directors and …
Read More »Full-grown foreign investment environment
China to set up a large steel factory in Pakistan With improved law and order situation in the country, foreign investors are looking for finding different areas of cooperation to make investment. Currently, Pakistan was providing all necessary facilities to entrepreneurs who were making investments in Pakistan. Pakistan offered great opportunities for investment in its energy generation and infrastructure projects and that was the reason, international investors are looking …
Read More »CPEC has much brighter prospect for investors
Pakistan sees bumper Chinese investment last year New deals in roads, energy and furniture sector likely to take place China-Pakistan Economic Corridor (CPEC), linking Gwadar to China’s Western city of Kashgar, was viewed optimistically both by the local and foreign investors for the country. The investors are optimistic that the CPEC would generate economic activity, open vistas and investment and business opportunities for Pakistan and the region at large. …
Read More »Real estate investors pushed Pakistan stock exchange index to current level
Interview with Aqeel Karim Dhedhi Profile Aqeel Karim Dhedhi is a highly regarded member of the Karachi Stock Exchange KSE (now corporate) with over thirty years of mainstream experience in stock-broking. He became a member of the KSE in 1986. Prior to this, he spent 13 years managing his father’s brokerage business. He is a prominent broker and has been on the board of the KSE in 1996, 1997, …
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