Pakistan Economy Thread


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Brigadier
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  • #61
RP Group of Companies introduces another model

New model alert; SUV model Glory 580 with 1.5 lit turbo engine with CVT transmission and a lot more. Test rides at Dealership starts from May 02 , 2018.

Price of this SUV 3.25 Million PKR....











 

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  • #62
1.75m tourists visited
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in 2017, says
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...


Following an improvement in the security situation, tourism in Pakistan has increased by 300per cent over the past few years, it emerged on Wednesday.

According to the report, 1.75 million tourists visited Pakistan in 2017 alone. Statistics from the Pakistan Tourism Development Corporation (PTDC) show that 30pc travellers were domestic.

According to the World Travel and Tourism Council (WTTC), last year, revenue from tourism contributed around $19.4 billion to Pakistan's economy and made up 6.9pc of gross domestic product. The WTTC expects that amount to rise to $36.1 billion within a decade

Apart from an increase in annual tourism, there has been a significant increase in business travelling around the country as well.

A lot of credit for the rapid increase in tourism and travelling goes to publicity of different tourist spots through the internet.

The government has been making efforts to promote tourism and make PTDC a financially viable organisation, Managing Director PTDC Chaudhry Abdul Ghafoor told APP.

He said that PTDC and the University of Management and Technology (UMT) Lahore had signed a Memorandum of Understanding for the sponsorship of the tourism department's publicity material including banners, website, seminars, and conferences.

Products and services of PTDC will also be promoted through social media.

Recently, PTDC has also launched a Pakistan Tourism Friends Club, in which members of the club will get exclusive 20pc discount on PTDC facilities.

 

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  • #63
Economic Survey of
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2017-18....


Pakistan registered a growth rate of 5.8% in 2017-18, the highest in the last 12 years, according to figures in the Economic Survey 2017-18.

After witnessing 2% growth in the last fiscal year, the agriculture sector this time performed better due to exceptional growth in cotton ginning and better performance of crops. The sector grew at a pace of 3.81% this year, against the government’s target of 3.5%.

The services sector, which accounts for more than half of the economy, grew by 6.43%, slightly above the target. The wholesale and retail trade posted 7.5% growth against a target of 7.2%.

Against a target of 7.3%, the output in the industrial sector stood at 5.8%. The output of large-scale manufacturing stood at 6.1%, which was below the official target while small-scale manufacturing grew to 8.2%.







 

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ISLAMABAD: The government has expressed its willingness to enter in trade liberalization deals with countries in the Pacific and Africa regions in a bid to increase the country’s exports. ‘

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Locally assembled
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rise 9% to over 22,000 units [
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KARACHI: Sales of locally assembled automobiles, including jeeps and light commercial vehicles, increased to 22,380 units in March 2018, up 9% compared with 20,505 units in the same month of the previous year, showed data released by the Pakistan Automotive Manufacturers Association (Pama) on Wednesday.


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Cassini Partners to launch operation in Pakistan from May 2...



ISLAMABAD: Cassini Partners has announced the official launch of its Pakistan operations from May 2.

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Pakistan’s promising auto market lures Nissan back....



Pakistan’s promising auto market lures Nissan back Ghandhara Nissan and Nissan Motor Company plan to invest $41 million to assemble Datsun models.


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