Contrary to frequent closures of local businesses, Pakistan witnessed a higher arrival of foreign companies than those leaving the country in one and a half years. Several notifications were sent to the Pakistan Stock Exchange informing the stakeholders about the closure or downsizing of the companies from textile to steel, leather and other sectors during this period. However, the sold-out
Businesses worldwide, already under strain, dread the escalation of the Middle East conflict, but Pakistan stands to be amongst the hardest hit despite its lack of direct involvement, especially if the conflict spreads to encompass Western Asia. Heightened tensions could disrupt vital trade routes, hinder cross-border commerce, jeopardise energy imports and intensify security concerns, further
Poor productivity is the main reason for the huge imbalance in external trade and recurring current account deficits, forcing Pakistan to rely on successive International Monetary Policy (IMF) bailouts, says an analyst who has done extensive research on governance in both the public and private sectors. Enhanced, diversified, value-added goods and services produced at globally competitive price
Despite the tough economic conditions prevailing in the country, realtors and development agencies are busy marketing their schemes. It is believed that real estate still dominates in attracting investments from large-scale investors as well as ordinary individuals with some savings. High risk in other sectors such as trading or manufacturing, absence of advice and information regarding paralle
We all grew up knowing that education is the key to success, to employment, to growth, to wealth and to be a ‘somebody’ in life. That’s why at preschool level parents are willing to spend thousands for entrance prep for a prestigious school like Karachi Grammar School. The sessions not only entail prepping the child for the entrance test but there are also stories of parents being coached on how t