Pakistan Shining - The Positive Face of Pakistan, News & Analysis

Business & Commerce

Tourist traffic to Pakistan hits 1.75 million mark in 2017

With the security situation in the country improving by leaps and bounds in recent years, Pakistan’s potential as a tourist hotspot is also gradually being realised. APP reports that tourism in Pakistan has increased by 300 per cent over the last few years, with the Pakistan Tourism Development Corporation (PTDC) confirming that 1.75 million tourists visited the country in 2017. Around 30 per cent of the travelers were domestic. The…

Business & Commerce

Pakistan among top 5 in the world for infrastructure investment

Pakistan’s reputation as a fast emerging investment destination received a boost when a World Bank report cited the country to be among the top five in the world to have received the most private infrastructure investment in 2017. Pakistan saw an investment inflow of $5.9 billion last year, becoming the leading South Asian country to have received such a huge amount for infrastructure projects. The other countries making up the…

Pakistan’s E-commerce sector all set to cross $1b in 2018

Pakistan’s E-commerce sector has been on a constant upward trajectory in recent years, with the rise of e-commerce portals and online shopping in the country, which have taken off in a big way. Consequently, looking at the growth of the country’s e-commerce sector, the Pakistan Telecommunication Authority, in its annual report for 2017, had estimated that the sector’s size would balloon to $1 billion by 2020. However, just a few months…

Japanese companies rate Pakistan among top investment destinations

Pakistan’s image as a regional hub for foreign investment received a boost recently when the Japan External Trade Organization (JETRO) in its survey of Japanese companies operating in Asia, rated the country among the top destinations for Japanese investors. According to APP, JETRO President Yasushi Akahoshi revealed this information to Board of Investment (BoI) Chairman Naeem Y Zamindar during a meeting the two recently held in Tokyo. The outcome of…

Boost for Pakistani retail sector: Entry of Hayat Group and Inditex Group

The growth of Pakistani retail sector has received further impetus with news that a leading Turkish conglomerate is set to invest $150 million in the country. According to The Express Tribune, Hayat Group will be entering the fast moving consumer goods segment through its subsidiary Hayat Kimya, and will be focusing on the manufacturing of products in the hygiene, tissue and home care categories. An official from Hayat Group, while…

Asia University Rankings 2018: 10 Pakistani universities among top 350

In a significant development for the Pakistani higher education sector, 10 universities from the country have been ranked among the top 350 universities in Asia by the Times Higher Education (THE). Importantly, Quaid-i-Azam University (QUA) has broken into the top 100 universities in the Asia University Rankings 2018. Pakistan’s showing in the rankings is an improvement upon the previous year when seven universities from the country made it to the…

ModulusTech a pakistani startup wins Special Commendation Award at 2017 UNIDO-GCIP Awards

ModulusTech wins Special Commendation Award at UNIDO-GCIP Awards 2017

ModulusTech, a Pakistani startup specialising in providing one-stop, flat-packed, energy-efficient housing solutions, has been conferred upon with a Special Commendation Award at the United Nations Industrial Development Organisation-Global CleanTech Innovation Programme Global Awards 2017, which were held in Los Angeles recently. The startup led by Nabeel Siddique has been recognised for its efforts in developing affordable housing for refugees and internally displaced persons (IDPs). ModulusTech was previously declared the winner…

Pakistan’s online payments space to welcome three new players

While Pakistan’s e-commerce sector in particular, and the country’s online economy in general, have been growing by leaps and bounds in recent years, there is still plenty of room for further growth. One impediment to further expansion Pakistan’s online payments space has been the absence of a reliable online payment system on the lines of PayPal, which is one of the largest internet payment companies in the world. This gap…