Trade & Economy

  Over the years increase in remittances received in Pakistan has become a talking point. The successive governments take credit of this increase but when compared with other countries, Pakistan’s share look miniscule. While it is true that Pakistani’s are hard working, the negative image of the country often becomes the biggest hurdle. Added to this is the role being played by agents operating in Pakistan, taking the people on …

  Hawala is probably the most convenient way of transferring funds from one party to the other i.e. from within Pakistan to abroad or vice versa without intervention of SBP or the financial sector. Hence, the transaction from initiation to execution is untraceable. Hawala is used for genuine need as well as terrorism. When it comes to genuine need, it may arise through a customer or even a company. Hawala …

  The economics of public debt is intriguing as well as fascinating! In interest-based capitalistic system, one cannot underestimate the value of debt. The system is designed such that economic progress and growth are made subject to ever-increasing prices of goods and services. The phenomenon of increasing prices is sustained by a corresponding increase in money stock through additional printing of currency. The additionally printed currency, going into an economy’s …

  Prime Minister Nawaz Sharif, as per top news item in Business Recorder of 20th December, 2016, has directed the inclusion of KCR and Keti Bandar, part of CPEC KCR had been and still a most viable project as per study of JICA, to cater the needs of Karachi Suburbs. It was well utilized before its closure, so, it may be gift to Karachiites, a city of 25 million people, …

  Pakistan has witnessed the mushroom growth of more and more malls, restaurants, sport complexes, multiplex cinemas, and a large number of shops in big cities. Household size and income have a decisive influence over shopping decisions. Research studies show that in Pakistan’s mega cities a majority of households with larger family sizes shop at general stores, while those with smaller family sizes shop at large supermarkets. Quality shopping has …

  Innovation & technology The financial services market is undergoing a lot of changes. Customers always have appetite for more and are well knowledgeable, looking for convenience and ease when it comes to financial services, particularly via internet and mobile phones making innovation and transformation two most powerful forces that are reshaping the banking industry. Customer expectations, technological capabilities, regulatory requirements, demographics and economics are some of the challenges that …

  Country presents huge opportunities in areas of organized retail format Since the modernization of global retail industry in 1990s, the international chains are exploring opportunities in turning this most impressive economic component of modern business cycle, a key participant of retail sector. The retail industry is a sector of the economy that is comprised of individuals and companies engaged in the selling of finished products to end user consumers. …

  Retail stores are known to have been operative in China several centuries BC (before Christ). Till the breakup of the USSR (now Russia), most retail stores in all the communist countries were nationalized and still in most countries they remain so. However in some Central Asian states the trend is step by step changing and owned up retail stores are being encouraged and they are mustering up. Nowadays departmental …

  Need for increased investment in social sectors like health, education and nutrition stressed The World Bank report on ‘Pakistan Development Update – Making growth matter’ was launched in Karachi, recently. It stated that Pakistan is rated among top emerging economies and its economy grew by 4.7 percent in this fiscal year. This was the highest rate in eight years and a significant increase from the previous year’s 4 percent. …

  An operation clean up is currently underway against extortionists, political and religious militants, target killers and all other criminal elements in Karachi, the chief financial hub of Pakistan. The law enforcement agencies under the services of Rangers and police conducting over the operations, which was launched last year by the Prime Minister Nawaz-led government after the decision taken by the federal government with the consensus of all the political …