Trade & Economy

  The European Union (EU) has granted Pakistan GSP plus status despite resistance from India. At the best Pakistan will be able to add another one billion dollars to its exports. Local manufacturers will have to face stiff competition from other countries of the region particularly China, India and Bangladesh. After grant of GSP Plus status, Pakistan will enjoy increased access to the EU market. Pakistan has been trying to …

  Child labor is a work that harms children or keeps them away from attending school. Around the world and in the developing countries like Pakistan, growing gaps between rich and poor and huge price hike in recent decades have forced millions of young children to work. The International Labor Organization estimates that 215 million children between the ages of 5 and 17 currently work under conditions that are considered …

  Gwadar port project has actually taken off in 2015 after eight years of its inauguration in 2007. It is the major development with reference to economic development of Balochistan that took place this year. Last month, Pakistan formally handed over the 2,281 acres free trade zone of Gwadar Port to China on a 43-year lease. After the formal handover of the free trade zone, all business affairs of the …

  With a population of around 200 million individuals, Pakistan has the potential to become next major Internet market in terms of number of connected people in the next coming few years. According to one estimate, 9 percent of the country’s population goes online during last year while another 30 percent are likely to get connected to Internet in next three to five years. The trend to use Internet has …

  Gwadar free port project promises massive investment, greater generation of employment opportunities and more development projects in different sectors of Balochistan. An addition of a new deep-sea port at Pakistan’s coastline marks a new chapter of development efforts in the country. It would serve as a springboard for initiating wide-ranging development activities in Balochistan. The port is bound to usher in the province a new era of progress and …

  Pakistan and China set in motion a roll out of $46 billion portfolio agreed under Chine-Pakistan Economic Corridor (CPEC). Both signed agreements worth $28 billion to immediately kick-start early harvest projects, while projects worth $17 billion, which are in pipeline, will follow as soon as required studies, processes and formalities are completed. The groundbreaking and signing of financial agreements has demonstrated that there is a strong will on both …

  The reliable and steadfast friendship between China and Pakistan is considered as an example all over the world and the economic benefits of this friendship for Pakistan are getting more eminent day by day under the recent agreement of China-Pakistan Economic Corridor investment project signed between the brotherly nations. The rising of China as an international economic power is proving advantageous for Pakistan. Regardless of the detrimental law and …

  Confidence between locals with foreign investors needs to be maintained The political leaders and local people have been expressing their serious reservations since the mega seaport project was launched at Gwadar in March 2002. Whereas the local people have attached great expectations from the development of Gwadar port, they also have serious reservations about the fast-track development process in the port city. In the past, Balochistan has witnessed insurgencies …

  Certainly, it is not the business of the state to do business. It is the private sector, which has to run the businesses under the patronage and facilitation of the government. The government should only play the role of regulator and facilitator of corporate businesses. Since 1990, the country sold off 167 SOEs. During 1997-2000, the complete denationalization of the banking sector was carried out. A privatization program was …

  Certainly, it is not the business of the state to do business. It is the private sector, which has to run the businesses under the patronage and facilitation of the government. The government should only play the role of regulator and facilitator of corporate businesses. Since 1990, the country sold off 167 SOEs. During 1997-2000, the complete denationalization of the banking sector was carried out. A privatization program was …