Business

Raj Kumar, first Pakistani to win US award
Social & Political
Pakistani Raj Kumar Gujar among winners of 2017 Emerging Young Leaders Award
Raj Kumar Gujar, a graduate of Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology’s Islamabad campus, won the 2017 Emerging Young Leaders Award in Washington DC on May 4. The prestigious award is given under the aegis of the US State Department to outstanding young leaders, aged 16-24, from across the world. Gujar, originally from Sindh’s Umerkot district, was honoured along with 10 other individuals from different countries for…
France investors in Pakistan after 12 years
Business & Commerce
French investors visit Pakistan after 12 years
Pakistan’s quest to attract more foreign investment received a huge boost when a delegation of French investors visited the country after a gap of 12 years. The visit of french investors in Pakistan lasted between April 4-6, saw more than a dozen French businesses showing keen interest in investing in the country and expanding bilateral trading links. The visit of the France-Pakistan Business Council, consisting of 16 French businesses and…
CPEC, macroeconomic stability to increase investment in Pakistan: World Bank
Business & Commerce
CPEC, macroeconomic stability to increase investment in Pakistan: World Bank
The World Bank has said that the successful completion of an IMF-supported program enhanced macroeconomic conditions and foreign direct investment (FDI) in Pakistan. According to the World Bank’s “Global Economic Prospects: A Fragile Recovery” report for June 2017, growth in Pakistan is accelerating this year, largely driven by robust domestic demand and improved foreign direct investment. Furthermore, the China-Pakistan Economic Corridor (CPEC) infrastructure project, as well as a stable macroeconomic…
Mattias Martinsson put money in Pakistan when most people wouldn't take the risk
Business & Commerce
A long term view: The man who took a chance on Pakistan
On 2 May 2011, Barack Obama announced that al-Qaeda leader Osama Bin Laden had been killed by US forces in Pakistan. He was shot dead at a compound near the capital, Islamabad. And once again, Pakistan was in the headlines for all the wrong reasons. A country used to bad news – both politically and economically – it has long been seen as the basket case economy of South Asia…
Pakistan upgraded to MSCI emerging market status
Business & Commerce
MSCI upgrades Pakistan to emerging market status
The Pakistan Stock Exchange (PSX), which was declared the best-performing stock market in Asia in 2016, has more good news in store for it this year with the highly respected Morgan Stanley Composite Index (MSCI) deciding to give it the much-coveted MSCI emerging market index status. This was revealed in the MSCI’s May 2017 Semi-Annual Index Review, published on May 15, where Pakistan’s status was upgraded from a frontier market…
Pakistan could become the world’s 20th largest economy by 2030: report
Business & Commerce
Pakistan could become the world’s 20th largest economy by 2030: report
Pakistan is expected to be among the world’s most powerful economies by 2030, said a report carried by World Economic Forum on its website. The report, titled “The long view: how will the global economic order change by 2050?” ranked 32 countries by their projected global gross domestic product by Purchasing Power Parity (PPP). It was prepared by PricewaterhouseCoopers, one of the world’s largest professional-services firms. PPP is used by macroeconomists…
Business & Commerce
What’s Next For Asia’s Best-Performing Stock Market?
Investors say the rally in Pakistan has further to run. Pakistan has plowed an independent trajectory this year, outperforming both its fellow frontier markets and members of the emerging-market grouping that it is slated to join in 2017. The country’s benchmark KSE100 Index has rallied 27 percent year-to-date to become Asia’s best-performing equity market in 2016, according to a basket of 26 peers tracked by Bloomberg. The market received a boost in June when MSCI Inc. announced that it would reclassify Pakistan as…
Business & Commerce
U.S. keeps China, India on intellectual property shame list
WASHINGTON (Reuters) – The Obama administration on Wednesday kept China, Russia and India on its annual list of countries with the worst records of preventing the theft of intellectual property and cited Switzerland for failing to curb online copyright infringements. The annual list, released by the U.S. Trade Representative’s Office, carries no threat of sanctions, but aims to shame governments into cracking down on piracy and counterfeiting and updating their…