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 …
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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 …
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The studies revealed that a modernised and well-functioning road network with an integrated transport system ensures regional and global economic connectivity and integration. It reduces business costs for improving export competitiveness and trade to uplift socioeconomic growth along with offering passenger mobility gains. Furthermore, the said network is surely desired to be environmentally and economically sustainable also energy efficient. Asian Development Bank (ADB) has been helping the Government of Pakistan …
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The Gravitational forces of global geopolitics and geo-economics is moving back towards East from the West and as this rebalancing unfolds, the 21st century will be the Asian Century. BRI is the key that not only integrates Asia but ensures stable and sustainable future of this continent. Asia is always a continent with socio-economic and cultural divides and to overcome these divisions into inclusive Asia integration on all fronts is …
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The year 2020 is unfolding a series of transformations for the whole world. The Covid pandemic is wreaking havoc across the continents while some countries are tackling the virus better than the others. China, Germany, New Zealand and Japan are few of the exceptions that have displayed remarkable versatility and acumen in the handling the outbreak. On the other hand, United States and European countries like UK, Italy and Spain …
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China has welcomed investment into Pakistan’s Special Economic Zones (SEZs) from other countries. While speaking at the “Dialogue on Industrial Cooperation under CPEC and SEZs Framework” organized by the Board of Investment last week, China’s Ambassador in Pakistan Yao Jing said that the Chinese investors were showing keen interest to invest in these SEZs. The private businesses have come into joint ventures of tyres, manufacturing of buses and trucks and textiles in the last …
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For the first time in the history of National Electric Power Regulatory Authority (NEPRA), Pakistan’s power sector regulator organized the Energy Week from 24-28 February 2020 in Islamabad. Five full days were dedicated to discuss various aspects of the power sector with the objective to listen to the views of sector experts; to figure out the most suitable and efficient solution of various challenges currently Pakistan’s power sector is facing …
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Balochistan is largely an untapped telecom market with the lowest number of mobile phone users. In 2018, a dozen telecom projects were launched to deploy telecom network and services in the province. Today, the telecom operators are set to unleash the potential of the province with 46 percent of the 12.3 million population has no access to either mobile, wireless or a fixed line network. Universal Service Fund (USF), an …
Read More »Pakistan-China economic corridor has the potential to usher in a new era of economic progress and prosperity for both countries and benefiting the whole region as well. The project is expected to be ‘a game changer’ not only for Pakistan and China but also for the whole region. Last year, Pakistan and China signed a deal to build a $18 billion economic corridor linking Pakistan’s Gwadar Port on the …
Read More »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 …
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