Prior to the pandemic, Pakistan’s ports handled a total trade volume of approximately 110.69 million tons during 2019. In 2020, with COVID-19 slowing the global economy, the volume dropped to 92.85 million tons, thus a difference of about 17.84 million tons or about 16.12% on the volume of 2019. Almost the entirety of the aforementioned volumes were handled by Karachi Port and Port Qasim, both situated at Karachi. Both these …
Read More »
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 …
Read More »
Sindh Budget The Sindh government presented the budget for FY2020-21 with a total outlay of Rs1.24 trillion with an estimated narrow deficit despite falling inflows from the federal divisible pool. Sources mentioned that the province is hoping to generate revenue receipts worth Rs1.22 trillion against its total expenditure. The provincial government has also not proclaimed any new taxes and envisaged a deficit of Rs18.38 billion for the upcoming fiscal year. …
Read More »
Pakistan has been able to beef up its image globally. Plenty of foreign diplomats have been visiting Pakistan recently. Pakistan is being considered one of the most worth-visiting countries these day. There is very likelihood that once the fear of coronavirus subsides across the world, visitors from across the world would visit Pakistan. Mr. Emil Wyss, the former Consul General of Switzerland in Karachi from 2014-16, and his spouse, Arie …
Read More »
This year, Toyota Pakistan announced its collaboration with Pakistan’s one of the biggest e-commerce platform, Daraz.pk. This will enable people to buy car from the Toyota’s official store on Daraz. Electronic Commerce or e-commerce is actually the business done through the Internet in the present era of modernization and technology. The rapidly growing usage of internet is shifting the world towards the e-commerce. Phenomenal advancement in Information and Communications Technology …
Read More »
How should you trade Forex during times of high volatility? Is it safe to trade FX when markets are turbulent? Which are safe-haven currencies and which are risky propositions? Find out! Tips to Confidently Trade Forex During Market Volatility Preamble to the state of the financial markets: The financial markets are roiling right now. The market downturn that many analysts have long been cautioning about may be unfolding before our …
Read More »India is the tenth largest economy of the world with GDP growth of 5.3 percent. India has USD 295 billion in reserves on as December 2012. India’s literacy rate is 74 percent which has grown year on year. The country is a major player in the global market when it comes to Trade. The textile, automotive, banking and technology industry is considered the best in the world. Major multinationals, …
Read More »Pakistan and India offer natural markets for each other’s export products and both countries are pursuing policies of trade liberalization since early 1990s. In their mutual trade, they can enjoy the advantages of reduced transaction costs and quicker delivery due to geographical proximity, common language and a heritage of common physical infrastructures. During the first half of the current fiscal year, the two-way trade stood at USD 1.1 billion …
Read More »Creation of WTO and arriving at the agreement to give all countries equal opportunities ushered a new era in international trade. Simultaneously, different trade groups emerged to ensure collective wellbeing, NAFTA was the first to emerge, that was followed by European Union (EU) and the story continued. From Pakistan’s perspective it is member of ECO and SAARC but both these blocs have remained muted. RCD was broadened and given …
Read More »Chaman, a border city near Pakistan-Afghanistan border is one of the top junkyards of stolen vehicles in Balochistan where there are number of scrap yards enjoying such trade. Not only the stolen vehicles are dumped here but their engine and chassis numbers are also tampered at these junkyards. These vehicles are then sold out. The inter-provincial gangs of car lifters have been allegedly involved in snatching and transporting the …
Read More »
PAGE Blog Business Weekly Magazine