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Tag Archives: industry

The future era in LNG

  Natural gas accounts for 50 percent of Pakistan’s total energy mix. The present shortage of 2,000mmscfd has led to the closing down of small and large scale industries and businesses across the country. The LNG Policy was issued in 2006 but so far no project relating to LNG has been materialized. This is the final attempt by the government to bring LNG to Pakistan. At present, Asia accounts for …

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Agricultural prospect: vital for economic growth

  The agriculture sector plays dual but vital role for the economic development of Pakistan it contributes to the exports of the country by being a primary supplier of raw materials to the downstream industry and on the other hand, it is a large market for industrial products such as pesticides, fertilizers and agricultural machinery. The sector accounts for over 21 percent of the GDP of the country thereby being …

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Gujranwala, Sialkot: major trade hubs for economic growth

  Gujranwala and Sialkot are the major agricultural and industrial cities of northeastern Punjab and fast emerging cities of Pakistan for the development of economic growth. Gujranwala being having an important industrial base in north eastern Punjab contributing a major part in its export growth through its dry port handlings. The major exports through this port include rice, sugar, textiles, carpets, glass goods, medical equipment, leather products, metal utensils, agricultural …

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Leading Industrial Estates of Punjab

  In 2003, Punjab Government had established Punjab Industrial Estates Development and Management Company (PIEDMC), on the basis of public-private partnership to achieve orderly planned and rapid industrialization in the province. Over the years, PIEDMC actively participated in the industrial developments and now successfully runs four industrial estates and it is busy in developing another five estates in different parts of the province. One of the landmark achievements is that …

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11,000 used cars imported in 2012-13 hitting badly to domestic automobile industry

  The automobile industry is considered as the mother of engineering industry instrumental in building up all the developed economies to the current status. It is, however, unfortunate that the situation in Pakistan is quite different and instead of building up our own automobile industry, the policy makers have a visible leaning towards imports of used cars on the pretext of controlling price inflation in the automotive industry. In fact …

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Investing in new banking technology

  The banking industry in Pakistan faces tough competition unleashed in the global arena. The banking sector still needs to take effective measures for improving and strengthening its competitive position vis-’-vis the foreign banks. The banking industry must be able to meet increasingly complex banking needs if it is to flourish. The country cannot catch up with its Asian neighbors India and China in terms of economic development without making …

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Insurance growth and prospect in Balochistan

  Insurance business generally grows on risk perception in a society. Larger the risk level, higher the growth of insurance industry. The risk perception — risks to life, assets and public and private properties — has been higher and widely prevalent in Balochistan where the incidents of target killings and attacks on public and private properties have witnessed a phenomenal growth over the past five years. The reason is the …

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Fast-growing Islamic banking set to help achieve financial inclusion goals

  Islamic banking industry in Pakistan has been growing at a fast pace ever since its re-launch in 2002 and now represents over 12-percent of overall banking industry with as many as 19 Islamic banking institutions offering Islamic banking products and services through a network of over 1,400 branches across the country. Almost all the conventional banks are also introducing Shariah-based banking upon which the central bank is reviewing their …

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Balochistan – an ideal land for shrimp farming growth

  Shrimp farming keep going and growing and remained as one of the fastest growing sectors of the aquaculture industry. The sector has shown explosive growth during the last two decades and particularly during the period between 1985-95, the contribution from farm-raised shrimp to the total world supply of shrimp has grown by approximately 400 per cent. Shrimp farming in the world has grown into a multi billion-dollar giant, creating …

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Stalled growth in tractor manufacturing

  Agriculture to suffer, farm mechanization stagnant The subsidized tractor imports from Belarus to be made up and assembled in Pakistan as indicated by the government policies is feared to threaten the growth of domestic tractor manufacturing industry. The Belarus state-owned company will initially assemble 500 tractors per year and with the increase in demand it plans to enhance production facility to more than 20,000 units per annum. Tractor industry …

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