Port has wider scope and brighter prospects as a trade and commerce hub to serve 20 countries in Asia After the formal declaring of Gwadar Port a free trade zone and handing over to China last year, all business affairs of the Gwadar Port in Balochistan now are being carried out by Chinese authorities. Last year, the Pakistan government has formally handed over the 2,281 acres free trade zone …
Read More »New auto policy to bring huge investment in Pakistan
Finance Minister Muhammad Ishaq Dar has done well in bringing about a consensus prior to presentation and approval of Automotive Industry Development Policy (AIDP) for the next five years. The future will determine whether the new policy will help attract new investment to the automobile and auto-parts industry as the auto assembly is said to be the backbone of engineering industry in a country. The existing auto assemblers want …
Read More »Boom in the property development may gear up further if taxation mechanism is rationalized in Pakistan
Heavy taxes may stall investment in real estate sector Interview with Mohammad Hanif Gohar – Chairman, Association of Builders & Developers of Pakistan (ABAD) Profile Mohammad Hanif Gohar is the Chairman of Gohar Group of Companies since 1988. He is a man of exemplary vision and enterprise, having led the Group for three decades, to international shores and having proven the competency and capabilities of the Pakistani housing, …
Read More »Ready mix concrete business increasing and has good future
Interview with Mr. Tufail Ahmed Sheikh – COO, Safe Mix Concrete Ltd Profile Mr. Tufail Ahmed Sheikh is currently serving Safe Mix Concrete Limited in the capacity of Chief Operating Officer. He has an extensive experience of ready mix concrete industry spanning an appreciable period of over nine years. He also has to credit a couple of years’ experience of working as Marketing Manager in Dewaan Salman Fiber Limited …
Read More »Saudi Pak real estate takes great pride in Lahore housing project
Saudi Pak Real Estate Limited takes great pride in launching its project of Saudi Pak Houses at Paragon City, Burki Road, Lahore. Saudi Pak Real Estate Limited is the wholly owned subsidiary of Saudi Pak Industrial and Agricultural Investment Company Limited (Saudi Pak). Established in 1981, Saudi Pak is a joint venture between the Government of Islamic Republic of Pakistan and Kingdom of Saudi Arabia. It enjoys strong and …
Read More »E-commerce revolutionizes real estate business in Pakistan
Interview with Saad Muhammad Arshed Malik – MD, Lamudi-Pakistan Saad Arshed Malik, Managing Director Lamudi-Pakistan while giving an overview of the vision and scope of Lamudi especially in the property and real estate sector said that Lamudi’s vision is to bring ease of access to people wherever they are in Pakistan in terms of property searching. Our objective is to help individuals in the property markets to find their …
Read More »Benefits & impacts of ECIB for microfinance
A financial system (within the scope of finance) is an arrangement that permits the exchange of funds between lenders, borrowers and investors. Financial systems operate at firm-specific, national and global levels. They comprise adaptable, closely related services, markets, and institutions designed to provide well-organized and regular linkage between investors and depositors. Banks are the part of financial system and their primary function is to lend money to generate revenue. …
Read More »PSX rally strongest in Asia-Pacific region
An exclusive year-end review by Arif Habib Limited PSX leapt to record levels over 46,000; returning a commendable 41.3% in CY16TD (USD-based return of 41.2%). The index displayed a stunning run with several market tailwinds coming into play; i) Jun’16 MSCI reclassification announcement buoyed market sentiment even though Pakistan will officially graduate to the Emerging Markets category in June’17, ii) ongoing divestment of PSX expected to add liquidity to …
Read More »Micro-Financing: myths & fact
Micro-financing is one of most attention grabbing occurrence of recent years and leading progressive agenda worldwide. It gained much importance especially in under developing countries during last few decades. The concept of micro-financing is not new but during present era, its workable explanation and successful implementation is resultant of hectic efforts of Dr. Muhammad Yunus through Grameen Bank of Bangladesh. He took far-reaching steps and successfully realized practical terms …
Read More »Bank De-Risking and its impact on MNCS
In recent years, the international community has begun to focus on financial inclusion as part of a broader strategy to reduce poverty, encourage economic development, and promote stability and security. The term ‘financial inclusion’ refers to the provision of accessible, usable, and affordable financial services, either through the formal or informal financial sector, to underserved populations. Financial inclusion also applies to ‘underbanked’ communities, where people lack reliable access to …
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