Daily Insights

The local government in Karachi has approved the reconstruction of a central road at the cost of Rs450 million. Several other development projects have also been approved, including restoration and reconstruction works from Cafe Pyala Gulberg Chowrangi to Rashid Minhas Road, construction of Shahra-i-Noor Jahan, and implementation of water sewerage and drainage systems in the [...]

Digitalisation uses technologies to transform a simple business into a digital business model and provide new revenue and value-producing opportunities through digital methods. Cloud technology has become fundamentally important for the digital transformation of businesses and public sector enterprises. It is estimated that, by 2025, almost 70% of the world’s enterprises and public sector bodies [...]

An agreement has been signed by the Asian Development Bank (ADB) and Louis Dreyfus Company BV (LDC) to benefit smallholder farmers in Pakistan. Under this agreement, a $100 million loan will be provided to help small farmers to recover from the economic challenges caused by the coronavirus pandemic. It aims to enhance their resilience to [...]

Structural reforms play a significant role in promoting a country’s economic growth. These economic reforms increase the economy’s flexibility by raising productivity, encouraging job creation, investment, and efficiency in producing goods and services, ultimately making a country more resilient to economic shocks. Therefore, such reforms boost the economy’s competitiveness, growth potential and adjustment capacity.   After [...]

The provincial government has announced to grant ownership rights to the inhabitants of slum areas. The initiative aims to benefit hundreds and thousands of such residents. This step is a part of the continuous efforts of the government to facilitate the living standards of the common man. According to World Bank data, in Pakistan, about [...]

The real estate sector has great potential to revive the country’s economy. Today, the value of the real estate sector stands at $1.4 trillion. About 34% of all remittances in Pakistan are directed to this sector every year, and almost $12 billion was invested last year through formal and informal channels. Pakistan’s per capita housing [...]

The Pakistan Stock Exchange (PSX) has introduced a Sahulat Account for people who intend to invest in the stock market. Any potential investor, including students, housewives, freshly employed people and others, can open an account using online channels. It is considered an ideal account to invest in the equity market. The initiative will increase domestic [...]

A three-day international conference on space 2022 was held in Pakistan to focus on space technology and its applications in socio-economic development. The conference aims to encourage applications of space technologies for sustainable development, including food and health security applications, access to telecommunications, monitoring natural resources, and environmental management. Pakistan Space and Upper Research Commission [...]

The Khyber Pakhtunkhwa government has inaugurated a multi-million rupees improvement plan in the housing scheme under Dera Development Authority (DDA). The project includes constructing and installing an underground sewerage system, roads, green belts, parks, and streetlights. The total cost of the project is Rs100 million. The project aims to improve people’s living standards by providing [...]