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Auto industry possesses vast potential to fetch forex

  Import of used cars not bring in any investment While the auto industry has proved to be the engine of growth for any nation, in recent history, countries such as Japan, Korea, Thailand, Malaysia, Indonesia, India and Brazil have wholeheartedly supported their automobile industries and continuously making thrive. Presently there are three areas of support. Firstly, these countries have ensured 100 per cent access of domestic market to local …

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Presence of junkyards of stolen vehicles in Balochistan

  Chaman, a border city near Pak-Afghan border is not the only junkyard for stolen vehicles in Balochistan, but there are reports for presence of many such junkyards in different areas of the province. Not only the stolen vehicles are dumped 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 …

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Record-breaking car sales

  Since the introduction of car leasing and financing, vehicle sales in Pakistan have increased several times. All of this started in the beginning of this century as these loans made it easy for people to buy new or even used cars. This also sprung up new business like rent-a-car and renting cars became a cheaper and more viable business option. That’s the time when Pakistan’s automobile industry was booming …

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Corporatization of Balochistan

  Balochistan has immense potential in corporate sector, which needs to be tapped efficiently. Gwadar, a port city and now the winter capital of the province may be developed as a business corporate hub. The port is still non-functional. It still lacks road and rail connectivity and its usage has so far been restricted to bulk cargo such as wheat and urea. The province has been lacking a corporate culture …

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Micro small and medium enterprises: an engine of growth, prosperity

  Entrepreneurs occupy a central position in a market economy as it is the entrepreneurs who act as the spark plug in the economy’s engine, activating and stimulating all economic activity. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct. A society is prosperous only to the degree to which it rewards and encourages entrepreneurial activity because it is the entrepreneurs and their …

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Pakistan retains third spot among top ten stock market performers

  Pakistan Stock Market (KSE-100) 1990-2015 decreased to 35147.13 Index points in July 9, 2015 from 35,328.83 Index points in the previous trading day. Stock market in Pakistan averaged 7691.91 Index points from 1990 until 2015, reaching an all-time high of 35,537.69 Index points in July of 2015 and a record low of 538.89 Index points in June of 1990. Below is the latest graph showing impressive growth in the …

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Privatization process and concerns

  As the present government is much focused on privatization, Privatization Commission headed by Zubair Umar has short-listed 31 institutions to be privatized. According to chairman PC, the privatization process is absolutely on and financial advisers are performing their job, whether it is the Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM), National Power Construction Company (NPCC) or power distribution companies like Iesco and Fesco. Last year, the government completed …

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Iran’s nuclear deal to benefit Pakistan macros

  Lifting of sanctions to formalize $3-4 billion informal trade between Pakistan and Iran The historic deal between Iran and P5+1 promises an end to multiplier sanctions imposed by USA, UN and EU since the start of Iran’s nuclear program, likely to bring manifold impact on Pakistan’s overall economy. This historic development, which is most important for Pakistan and other countries in the region will have a positive impact on …

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It’s all about consumption!

  Capitalism thrives on perpetual increase in consumption. It doesn’t much encourage savings on the one hand and advocates debt-based investment on the other. Leveraged investment generates comparatively rapid but high-cost and unsustainable growth. Investment funded by savings results in low-cost, sustainable growth. This is what the Austrian economists say while commenting on the destruction wrought by the Chicago economists during the last three decades. While global conscience, in the …

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The boom of retail markets in Pakistan

  Pakistan’s retail sector is growing with great momentum. The retail industries have become a major hub for growing businesses. Though retailers have existed in Pakistan for a long time, the induction of global brands and outlets have forced local retailers to expand their boundaries to compete with their larger international competitors. The entrance of supermarkets and malls during the last eight years created a new community of enthusiastic shoppers …

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