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Sustainable Solutions to Revival of Sick Industries

Sustainable Solutions to Revival of Sick Industries

All countries have a few or more than a few sick industries, some into hundreds and thousands. Pakistan is in the league of hundreds. Some become sick due to market dynamics and some are plain mismanagement. In such sick scenario, the employees lose job, governments lose tax money, investors lose their reputation and dreams but the banks are the major losers. For every investment that has become a non-performer banks have 50 …

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Pakistani youth revolutionizing the banking industry

  Pakistan has come a long way in the past decade in terms of higher education than any other era in its history. The growing population and a large, emerging block of youth made it imperative to bring educational reforms. New universities throughout the country have greatly helped in shouldering the responsibility of educating young minds and bring a relief in the highly competitive admission process. TPS has had a …

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Past and present scenario of CNG in Pakistan

  The supply and use of CNG in the transportation industry has adversely affected the economy. CNG was introduced for transportation in late 90’s to counter the rise in price of oil which caused inflation from the supply side. The idea for introducing CNG was to provide cushion to the consumers specially the transportation network to keep the prices at low level. As the price of fuel based on international …

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Rural industrialisation

  With the launching of Khairpur Special Economic Zone, Sindh has entered in to a new era of rural industrialisation, which would go a long way not only in strengthening the industrial base of the province but also in providing employment to the local population in their home town, this is also a giant leap in curbing the migration of rural population to the megalopolis, Karachi. Needless to emphasize that …

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‘Shining New’ vs. ‘Out-Of-Date’

  Imported used cars – A cause of discomfort for local industry The people in the local auto industry are on cloud nine after hearing from the government that the age limit for imported used cars has been reduced from five to three years. It is refreshing to hear such good news amidst the never ending plethora of unpleasant tidings. The government has given a reason to car buyers to …

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Construction industry-mother of economic activity

  Construction industry is one of the largest sectors having a large number of sub-sectors which provide a massive support to the economic development of any country. A vibrant construction industry is bound to create millions of job opportunities in view of its alliance with a large number of sub sectors like cement, steel, woodworks, tiles, glass fixtures and a variety of other industries. In this backdrop an active construction …

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Growth challenges for branchless banking in Pakistan

  The banking industry in Pakistan faces tough competition unleashed in the global arena. Information and Communication Technologies (ICT) have transformed the global economy bringing about a revolutionary change in the financial sector. This revolution finds manifestations today in shape of innovative banking products and services such as Automated Teller Machines (ATMs), Internet banking, tele-banking and so on. Online banking has introduced non-traditional channels of delivering services in the banking …

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The state of automobile industry in Pakistan and the role of imported and used cars

  The automobile industry and the auto parts manufacturers in the country have been suffering greatly due to the inconsistency in import policies and the widespread import of used cars taking place in the country. Personal baggage schemes are being used by used car importers, which are meant only to help overseas Pakistanis to import their used cars into the country. A number of the cars being imported in this …

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Insurance industry playing significant role in economic growth

  The insurance industry has been supporting economic growth by helping individuals and businesses to manage their risk in a more efficient manner. In order for sustainable economic growth to take place, an insurance industry is a must, which focuses on risk financing and management. However, in terms of growth, the insurance industry is not up to par with the economy since but officials in the industry are working on …

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Born of heavy industries in Pakistan – lack of capital a major obstacle

  Textile sector hit hard due to high interest rate, electricity, gas outages High interest rate, political instability, deteriorating law and order situation, frequent power and gas outages and high power and gas tariffs are not only hindering growth of investment but also putting an additional burden on the country’s industrial sector apart from squeezing the gross margins of industries. In Pakistan lack of capital is a major obstacle in …

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