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Tag Archives: industry

Gadani ship-breaking industry facing new challenges

  A major contributor to the economy by meeting half of the steel requirement of the country, Gadani ship-breaking industry in Balochistan is the third largest in the world, employing about 10,000 workers and meets one-third of the scrap requirements of the re-rolling mills in Pakistan. The industry is a significant source of supply of steel for Pakistan Steel Mills. It came into a ship-breaking yard in early 70s and …

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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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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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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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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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Takaful industry outlook

  Presently, the Takaful industry has boosted considerably as a viable Islamic alternative to conventional insurance. Though the worldwide Takaful industry has registered healthy growth, the progress of related regulatory and supervisory frameworks has not kept pace and varies significantly between main Takaful markets. In several main states, the Takaful market is becoming increasingly over-crowded with a number of local and foreign firms competing for a small pool of risks …

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Plan for Islamic products for national saving scheme under consideration

  A truly Shariah-compliant product is a must for the Islamic banking model to be sustainable While the Islamic Banking industry in Pakistan has been growing at a fast pace ever since its re-launch in 2002, the government is making all out efforts to develop an alternate system for all segments of the banking industry. Official sources claimed that a plan of Islamic products for National Saving Scheme (NSS) is …

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Housing industry poised to take a new direction

  The policy makers have once again realized the important of home, which is one of the basic needs of every individual in a civilized society as every one desire to have a decent place that is ones’ own house. However is painful to see that this genuine need remains a dream for millions of the people primarily due to economic disparity and unjust distribution of resources that has rendered …

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Industrial development in Pakistan: issues and challenges

  With a population of 180 million, a geo-strategic location, the required human resources and natural endowments, Pakistan has all the potential to grow as a developed industrial national. Unfortunately, it is still a developing nation even after lapse of more than six decades since it appeared on the world map as a sovereign and independent nation. Having rich in natural resources, the country has been going through major challenges …

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Growth challenges for Pakistan’s television industry

  With both its merits and demerits, media is a double edged sword. It has become an industry of entertainment, information, projection and propaganda. It influences and builds opinion on certain issues of local, national and international importance. It can play a vital role in projection of a nation’s image across the globe. It can export and import both virtues and vices for a country. Rapid development and advancement of …

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