Business

New Economic Corridor Good for Local Business

 The New China-Pakistan Economic Corridor (CPEC) could be a “game-changer” for Pakistan and indeed for South Asia said Nawaz Sharif, in the first address of the CPEC Summit and Expo. The much anticipated two-day event which took place at the Pakistan-China Friendship Center in Islamabad was attended by key politicians, business leaders, and delegates from both countries. The inaugural session welcomed the Chinese Ambassador to Pakistan, Mr Sun Weidong and

ASIAN TECH STARTUPS IN EMERGING MARKETS TO WATCH

KARACHI, 25 August 2016: Internet penetration is beginning to accelerate in Asia’s emerging markets. While smartphones are widespread in many Asian countries, in others, the smartphone revolution is just beginning. Tech startups in the Pakistan seem to be racing ahead, whereas in countries such as Myanmar, there are larger obstacles to overcome. Within Asia’s emerging markets, which startups are making waves in this smartphone era?

Is The Housing Shortage Now at Crisis Point?

Pakistan’s rapid urban population growth is causing a severe housing shortage—estimated to be in the region of 10 million units—and demand continues to grow at a rate of 0.7 million units per year.   The urban housing shortage is somewhere in the region of 3.5 to 4 million units, most of which is in the economically weaker segments of the housing market. Dr. Ishrat Ul Ebad Khan, the governor of

Rising Internet Adoption Has a Positive Effect on Real Estate

KARACHI, 28 JULY, 2016: All over the world, the internet is changing societies; from how people book their holidays to how they purchase property. In the real estate industry, the internet has already made huge waves. The movement away from traditional methods for searching for property and towards a digital approach is particularly noticeable in the emerging markets. This trend parallels the rise in internet penetration in emerging markets, particularly

China-Pakistan Corridor Benefits Real Estate in Pakistan

KARACHI, 28 June 2016: It has not all been clear plain sailing for the China-Pakistan Economic Corridor (CPEC) but the completion date is close, for what is expected to be a great fillip for the region.  The 3,000 km long passage that is built along the Pakistan -occupied Kashmir will enhance connectivity between the two countries. Rail, road, pipelines, and optical cable fiber network will modernize the region and will

Khazar Islands, Azerbaijan

BERLIN, 15 June 2016: The population of the world is expected to spiral to 9.6 billion by 2050 according to a United Nations report. But with so many people and so little space, inventors, architects and developers are collaborating to create some interesting projects; some are floating, some are underwater, but they are all seeking to utilize space in the most efficient way possible.

How oil and gas affect the real estate market

ISLAMABAD, 30 May 2016:  Since Pakistan is one of the main net importers of oil, a drop in fuel prices on a global scale is bound to make an impact on the economy. What effect has a drop in oil and gas prices had on Pakistan’s real estate market?   How important is the price of oil and gas to Pakistan’s economy?

The Pakistan Business Council Hosts Energy Forum “Pakistan’s Power Sector: Electricity Availability and Cost”

The energy crisis in Pakistan is exacerbated by a lack of reliable information. Conflicting versions and hearsay have led to a general mistrust regarding any news / data. There is a genuine interest in establishing an informed view of Pakistan’s energy crisis as a result. The purpose of this forum is to draw attention towards the major energy-related issues that Pakistan is currently facing, focusing primarily on electricity.   PAKISTAN,