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 …

  Karachi is the most populous city of Pakistan and holds its place as the second largest city in the world by population. The city is home to people from various ethnic backgrounds; Sindhi to Urdu speaking and from Punjabi to Pakhtoon or Balochi. It is the financial capital and 4th largest metropolitan city of the world accounts for the lion’s share of GDP and revenue. The city maintains itself …

  Interview with Khalid Tawab – Senior Vice President, FPCCI Profile Khalid Tawab, a prominent business leader and top ranking businessman, has said in an interview that Karachi is a gift of nature and need to have a world class infrastructure to take advantage of strategically located port city of Pakistan. He said it is unfortunate that infrastructure development is totally neglected, which is a setback to our GDP growth …

  Low-income countries depend heavily on just few commodities for the bulk share of their export earnings while commodity price fluctuations directly affect the incidence of poverty as the vast majority of the poor depend on primary commodities for their livelihoods. The types of commodities exported by a country are another important determinant of a country’s vulnerability to exogenous economic shocks. The majority of developing countries are dependent on primary …