Upto 30 to 35pc regulatory duty on steel products required to provide level-playing field to local industry While the influx of Chinese steel in the country is hurting the local industry, the widening price difference is also causing surge in imports. Not only the private sector, but the Pakistan Steel Mills (PSM) is also facing a stiff challenge due to Chinese imports. The PSM is finding it very difficult …
Read More »Obstacles faced by the logistics industry
Pakistan being primarily an import-based country and is highly reliant on logistics to move goods from one part of the country to another. There are many companies from multinationals to private limited to general contractors who are involved in the logistics industry. It is estimated that value of Pakistan’s logistics sector includes transportation and warehousing is US$530 million. Almost 91 percent of transportation is done through road. The biggest …
Read More »Global demand for skilled man power in Islamic finance
‘The development of skilled human resource base is critical for sustainable growth of Islamic finance industry in Pakistan,’ said the Federal Minister for Finance Senator Muhammad Ishaq Dar. He made these observations while speaking as the chief guest at the launching ceremony of the third Challenge Round of Financial Innovation Challenge Fund (FICF) on ‘Promoting Excellence in Islamic Finance’ program, which is being funded by UK Aid and implemented …
Read More »Drug pricing policy hostile to industrial growth
Over the passage of time, the pharmaceutical industry has developed a strong base in Pakistan and has the capacity to add value to our export earnings considerably, however, friendly policies are essentially needed to achieve that goal besides enabling the industry to run on its capacity, which is unfortunately not being properly utilized due to various reasons. To enhance export of pharmaceutical products, most of the companies needed international …
Read More »Global food chains dominating Pakistan’s fast food industry
Fast food industry in Pakistan is likely to take an escalated boom this year The fast food industry in Pakistan is undergoing an escalated boom. Despite fierce economic competition, country’s this industry has managed to generate strong profits and is well-received by the local masses as well. Recent statistics have revealed that fast food industry is the second largest in Pakistan. Not only that, but this sector also accounts …
Read More »Emerging fast food industry in Pakistan
While the gross domestic product of the country is showing signs of slower economic growth, the fast food industry seems to be experiencing higher amounts of growth. Industry estimates suggest it to be a $1 billion per year market suggesting that international and domestic cuisines and restaurants seem to be doing quite well. The fast food industry in the country is constantly seeing new restaurants opening up on a …
Read More »No way out for PSM revival but to be privately owned
The future of Pakistan Steel Mills (PSM) remain undecided as the situation seems not willing to revamp industry, which was build and become much stronger for economic development of a country. PSM is one of several firms Pakistan put up for sale to revive loss-making entities that cost the government $5 billion a year. There are no successful plans observed to set this national institution on the revival path. …
Read More »Smart home appliances market set to witness a significant growth in coming years
BSH joins bandwagon and targeting to become No.1 home appliances supplier in Pakistan Seeing the huge potential of home appliances industry in Pakistan, more and more foreign brands and companies are investing here to capture the local consumer market. After the influx of Chinese companies like Changhong Ruba, BSH Hausgeräte GmbH, a 100-percent subsidiary of Robert Bosch GmbH Germany will also be soon launching Bosch home appliance products in …
Read More »More winning role of electronic media for building Pakistan’s image
Rapid development and advancement of electronic media in Pakistan has not only brought a revolution in information and news industry but it has also stirred concerns about the projection of the nation’s image. With both its merits and demerits, media is a double edged sword. It has become an industry of entertainment, information, projection and even leading to some propaganda. It influences and builds opinion on certain issues of …
Read More »Industrial symbiosis — An eco-friendly realm
How a miraculous eco-transformation came into existence in China? This is a frequently asked question. In fact China promoted industrial development through the concept of eco-friendly industrial symbiosis. In symbiotic industrial collaboration there is a physical exchange of materials and by-products, as well as shared management of infrastructure for water, energy and waste. To achieve industrial symbiosis China has implemented Eco-Industrial Park (EIP) initiatives as a mainstream strategy of …
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