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Tag Archives: industry

Import of used cars — An unfair advantage at the cost of domestic industry

  PAMA submits proposals for budget 2015-16 The automobile industry which has developed sufficient capacity to cater to the needs of automobile market is experiencing the pinch of the unfair advantage being given to the importers of the used cars at the cost of the local industry. It is surprising that instead strengthening the base of the domestic auto industry that generates a huge number of job opportunities besides imparting …

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Fast-expanding Halal food market

  One amazing aspect of capitalism is that markets operating under this system harbor no biases; they are commercial to the core. With too many loose ends of capitalism showing off in the last three decades, the world at large hardly desisted from embracing Islamic finance. Same is the case with Halal food industry, which has grown worldwide at an amazing pace. According to the Dubai Chamber of Commerce and …

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Education: The money minting game

  Gone are the days when imparting education was considered an Ibadat, now it is a billion dollar industry in Pakistan. While many complaint about high cost of education, they actually support those who rip them in the name of education. Be it a small school, a chain of schools or private university the sole motive is money minting. It may not be out of context to say many of …

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ICT- banking industry is the best beneficiary

  Although the Information and Communication Technology (ICT) is taking roots in almost every segment of the society and even weeding out the chronic rot of file culture in our government organizations, yet the best advantage of the ICT is being enjoyed by the financial sector in Pakistan. In this respect, the Standard Chartered Bank, Pakistan’s largest international bank is taking a lead with one step ahead in its drive …

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New national aviation policy to encourage public-private partnership, opens up growth

  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. Only 8 percent of the 180 million Pakistani populations have using air …

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TUSDEC: celebrating ten years of service excellence in industrial sector

  TUSDEC (Technology Upgradation and Skill Development Company) has celebrated its tenth anniversary on the completion of its first decade of existence. During the course, it has fulfilled its strategic commitments to upgrade technology and skills of various industrial sectors in order to connect Pakistan to the global value chain. It has emerged as an epitome project management and implementation agency and has implemented projects worth Rs3 billion for the …

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Slashing of interest rate a good omen for trade and industry

  The rate cut will not only give boost to local investment but can also woo foreign investors Finally, the State Bank of Pakistan (SBP) made a drastic cut of 100 basis points in the interest rate to bring it to an eight-year low of 8.5 percent for the next two months, which people hailing from trade and industry have taken positively and said it would help stimulate private sector …

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Major industrial hubs of Punjab

  Gujranwala is an important industrial base in north eastern Punjab. It has a dry port that has contributed a major part in its export growth. The major exports include rice, sugar, textiles, carpets, glass goods, medical equipment, leather products, metal utensils, agricultural equipment, and automotive machinery parts as well as producing machinery for military uses. The main source of energy is a hydro-electric project on the Chenab River. It …

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Stiff challenge over influx of Chinese steel products

  Upto 30 to 35pc regulatory duty on steel products required to provide level-playing field to local industry While the influx of Chinese steel in the country is hurting the local industry, the widening price difference is also causing surge in imports. Not only the private sector, but the Pakistan Steel Mills (PSM) is also facing a stiff challenge due to Chinese imports. The PSM is finding it very difficult …

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Obstacles faced by the logistics industry

  Pakistan being primarily an import-based country and is highly reliant on logistics to move goods from one part of the country to another. There are many companies from multinationals to private limited to general contractors who are involved in the logistics industry. It is estimated that value of Pakistan’s logistics sector includes transportation and warehousing is US$530 million. Almost 91 percent of transportation is done through road. The biggest …

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