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Lower crude oil prices in the past have been the biggest constraint in fresh investment in oil and gas exploration and development of discovered fields in Pakistan . Higher international prices brighten development of some of the discovered fields and provide impetus for fresh investment. Pakistan has a very high success record and a large number of foreign companies are already involved in exploration. Will Pakistan be able to attract fresh investment in the sector and increase local production of crude oil and gas in the near future?



Trading Corporation of Pakistan(TCP) has once again surfaced in the cotton trade after remaining out of the ambit of cotton economy for a long time. The Ministry of Commerce has arranged a credit-line of Rs10.8 billion for TCP to procure one million bales of lint for the lean days. Karachi Cotton Association and Pakistan Cotton Ginners Association have their concerns that re-entry of the public sector may adversely affect the cotton economy.


Fare war between PIA and private sector airlines to grab the maximum share of the market which is estimated around 4 million travellers on domestic routes. Market sources feel that the reduction in fare may further increase the size of the market up to 5 million in Pakistan. The regulatory body should however ensure quality of service on board for the safety of passengers.


Pakistan’s fifth International Convention on Quality Improvement was held in Karachi recently. The event, organized by Pakistan Institute of Quality Control, provided an opportunity to local and foreign speakers to share experiences to improve quality practices in all business sectors, be it goods or service-oriented.


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