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 …
Read More »Has low-cost housing taken precedence?
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 …
Read More »Discovering infrastructure and real estate development under CPEC
Infrastructure development is one of the main pillars of economic growth of any economy and China Pakistan Economic Corridor being one of the largest project of its kind witnessed the transformational change in almost every sector of Pakistan’s economy and like other sectors it also brought revolutionary change in real estate and infrastructure of Pakistan through linkage of Gwadar and Kashgar. This linkage, change the dynamics of real estate and …
Read More »Carbon foot print and construction industry
The greenhouse effect Climate change has become a considerable concern for humanity during this anthropocentric age. Scientists believe that the rate of global warming and climate change varies directly with the increase in the concentration of greenhouse gases, particularly carbon dioxide. The Greenhouse gases trap heat and make the planet warmer. Human activities are responsible for almost all of the increase in greenhouse gases in the atmosphere over the last …
Read More »Launch of 20pc renewable energy by 2025
Presently the Government of Pakistan is intending to introduce renewable energy in Pakistan in phases where the first phase expects 20 percent by 2025. No doubt, Pakistan is successfully overcoming energy crisis, which has direct and indirect impact on all sectors of the economy, by raise in generation as well as in transmission capacity of the system. Pakistan’s new Renewable Energy Policy is predicted to attract investment opportunities because of …
Read More »Psychological impacts of Covid-19 on children
There are around 2.2 billion children in the world; which is approximately 28% of the world’s population. COVID-19 has impacted the lives of people around the world including children and adolescents in an unprecedented manner. This pandemic and lockdown has brought a sense of fear and anxiety around the globe. This phenomenon has not only effected short term but long term psychosocial and mental health implications for children and adolescents. …
Read More »Impact on world economies after virus outbreak
Looking at global GDP at constant prices of 2017 adjusted for cost of living/purchasing power, China was the biggest economy in the world in 2019 with an adjusted GDP of more than USD 22.5 trillion according to World Bank. While the Chinese economy is projected by IMF to grow by a low of 1.2% in 2020 due to pandemic, the US in second rank is expected to see its USD …
Read More »Year 2020 has changed our lives for ever
It has truly been a year like no other, with the pandemic dominating not just every news cycle but each of our lives. From work to family life, where we went, and what we did, nothing was untouched by Covid-19. But as people got used to phrases like ‘self-isolate’ and ‘social distancing’, there were plenty of other news too. The year began with a new virus originating from Wuhan, China. …
Read More »Digital payment services changing the way economy works
A recent report of World Bank titled Digital Pakistan in Covid-19 Environment advocates for IT and IT enabled services, automation and artificial intelligence, which can play a more prominent role to put the economy of Pakistan back on track. In this regard, Telenor International Research Report emphasizes use of artificial intelligence and digitization for all times to come, in view of the large number of workforce, both in public and …
Read More »Rise of frozen food trade in Pakistan
Gone are the days when women have to concentrate much time on household chores, specially cooking? Now housewives are generally had opportunity to do other works instead of cooking only. Numerous fast food offers has given the break to many house women’s pain and stress of cooking for the whole family, every time as there are plenty of fast food items they one can order according to the need and …
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