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Sports industry of Sialkot: Potential to contribute in promoting our export regime and the industry

  Sialkot sports industry has been producing sporting goods for over a decade and is one of the industries through which Pakistan has gained global recognition. The industry initially commenced with production of sporting goods involving wood e.g. cricket bats, hockey sticks, tennis, badminton rackets etc. Over the years and influx of modern equipment, the Sialkot sports industry is now able to manufacture any product and in any material. The …

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Impact of low oil prices on Pakistan’s economy may resolve energy crisis

  Almost 40 percent of the world oil supply and price is controlled by the largest cartel in the world i.e. OPEC. Being an export commodity, GDP of exporting nations is defined through the price of oil, subsequently budgets and expeditions are finalized. It is in vested interest of OPEC nations to keep oil prices high. There have been numerous instances where OPEC has commented on price trends and claimed …

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New aviation policy encourages public-private partnership

  The introduction of the new National Aviation Policy is timely considering the fact that Pakistan has a negative growth of its aviation industry. In contrast to other countries in the region, aviation sector’s contribution in Pakistan was below 0.01 percent. Countries like India, Malaysia, Philippines and Thailand aviation sector’s contribution ranged between 1.5 percent and 9.0 percent while only 8 percent of the 180 million population of Pakistan have …

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Performance of the banking sector in Pakistan — Impact of low interest rate on credit

  The banking sector through CY13 faced tough challenges with external factors including law and order situation, political uncertainty, strikes causing closure of bank branches in distressed areas to name a few. SBP require banks to have minimum capital of PKR 10 billion by December 2014 which has been a challenge for few banks. The CAR for the banking industry was 17.1 percent in CY14 as compared to 14.9 percent …

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Ports & Shipping scenario

  Ports are considered universally gateway of the country and Pakistan is blessed due to its strategic position, for transit to Afghanistan and Central Asian land locked countries. The Merchant Marine plays a vital role in the economic and industrial development of a country. The founder of Pakistan realising the need of ship’s for newly created Pakistan pursued with Muslim and Parsi entrepreneurs to acquire ship’s under Pak flag firstly …

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Automotive sector: key for economic stabilization

  Prices of locally-assembled vehicles are competitive with global prices Automotive sector is one of the fastest growing sectors in Pakistan, as it contributes towards the nation’s economy in the form of technology transfer, employment and revenue generation. Local vendors deem to play an important role in the growth of auto industry as they bear the responsibility of producing auto parts and sub-assemblies according to the benchmark set by the …

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Proposed phasing out established local brand causes stir among automakers

  Auto & Allied Industry The automobile industry performed extremely well in 2015 indicating stellar sales and demand growth mostly triggered by overall economic stability and bumper crops in the agriculture sector. This vital sector of the economy, however, it still needs protection in the forthcoming automobile policy with special reference to import of used cars, which is a real threat to local industrial base. Manufacturers as well as vendor …

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It’s a high time to manufacture economical cars

  There is a global attitude towards business competition after the formation of World Trade Organization but still some countries protect certain local industries in order to safeguard local population and enhance regulatory protection of consumers. Pakistan’s automotive car industry is amongst such industries, protected from outright direct competition in some ways by the policies of the government. This sector has seen growth for quite some time with exponential growth …

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E-commerce to bring price stability in the market

  Denies role of distributors and retailers The e-commerce is opening new directions and horizon of trade in Pakistan, despite its late arrival in the country yet it has become a burgeoning sector and on the back of rapid growth the experts predict the size of this market is likely to go up from $30 million (spent on online purchases) to $600 million by 2017. It will be interesting to …

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Boosting low-cost bike exports from Pakistan

  Pakistan has achieved self-sufficiency in bike production and it can become a major bike exporter to at least developing countries for its low cost production. What is actually needed is the official patronage of local producers in terms of incentives and facilities in order to boost bike exports from Pakistan. In 2010, a record 1.8 million motorcycles were manufactured in the country. Its production is still on the rise. …

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