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Trade & Economy

Shopping mall business thriving in Pakistan

  The increasing numbers of shopping malls thriving all over large cities in Pakistan are creating opportunities not only for large retailers, but also the smaller ones previously involved in doing business in traditional, less profitable ways. Shoppers who previously visited often open markets now go to malls for a one-stop shopping experience. Karachi and Lahore, have a large number of malls that cater to all clothing needs under one …

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Tax policy — A primary tool for industrialization and economic growth

  All income irrespective of source should be taxed Pakistan Business Council (PBC) views tax policy as a primary tool for the promotion of industrialization, economic growth and for more equitable distribution of the tax burden. PBC strongly advocates that taxation needs to be based on the principle of “All income irrespective of source should be taxed.” The fiscal space that the government is looking for to implement its ambitious …

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Pakistan online business on the rise; domestic tourism need more support

  Jovago provide post payment option with 24/7 customer support Interview with Nadine Malik Almani — Country Manager, Jovago Pakistan Nadine Malik Almani is the Country Manager of Jovago Pakistan, which is an international venture of Rocket Internet specializing in hotel and vacation rentals globally. Nadine Malik who is a graduate from Bryn Mawr College, USA, started her career as a banker with Citibank Pakistan. After four years at Citi, …

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Uplifting the deprived masses: Islamic system is a true practice

  Growing inequalities necessitate departure of economic activities from concept of fast growth of GDP to creating happiness for all. Renowned economists ranging from Adam Smith to J. M. Keynes of 19th and 20th centuries and those living in 21st century have no doubt emphasis on economic welfare of the masses, but theories propounded by them are based on assumption like free market economy, free trade aiming for creating trade …

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Building of Gwadar airport – An added attempt to convert Pakistan’s strategic assets into economic opportunities

  Pakistan’s port city of Gwadar having special significance, with reference to its geography and potential for development of trade links with Central Asian Republics (CARs), Persian Gulf, East Africa, United Arab Emirates and North Western India and by virtue of its important location and development projects is poised to turn into cities like Singapore, Hong Kong, Colombo and Dubai. This seaport project has entered the second phase of development …

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CPEC projects set to be a catalyst of Pakistan’s economic boost

  Balochistan to experience new era of development and prosperity While work is underway on the China-Pakistan Economic Corridor (CPEC), domestic as well as foreign investors are showing much interest as this venture is set to be a catalyst for Pakistan to grow its economy at same pace achieved by the leading regional peers. Soon after the launch of this project, major business groups have invested for expanding their production …

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Empowering of women a necessity to streamline csr activities in Pakistan

  Interview with Mr Abrar Hasan – CEO, National Foods Limited Profile Mr Abrar Hasan has been with National Foods since 1993 where having worked in different areas of the organization, he was appointed as Chief Executive by the Board of Directors in the year 2000. Prior to joining NFL, he was Plant Director at Precision Rubber Products Limited, where his responsibility was to overview all the manufacturing operations. Moreover, …

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Pakistani firms must put csr in practice to help reduce poverty

  There have been certain important organizations that have taken the lead and they must be lauded for their efforts to a certain extent in reducing poverty in an attempt of doing Corporate Social Responsibilities (CSR) in Pakistan, but many firms in a country still lacking CSR practices. The international market is adopting newer and innovative ways for the wellbeing of the poverty stricken people. It is obligatory that the …

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Growing success of retail business in Pakistan

  With the induction of global brands and outlets, Pakistan’s retail sector is presently witnessing a booming and impressive growth. The local retailers are expanding their boundaries to compete with their larger foreign competitors. With an estimated size of the retail market at around $50 billion, the country’s retail sector is growing faster than its economy. But still there is long way to go and some key initiatives by the …

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CPEC has become a major attraction for domestic as well as foreign investors

  Cement, steel, other industries set to grow The China-Pakistan Economic Corridor (CPEC) has become a major attraction for domestic as well as foreign investors who see this project as catalyst for Pakistan to grow its economy at a pace achieved by leading regional peers. Soon after the launch of the project, some major business groups have already invested in expanding their production capacity of such materials as cement, steel, …

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