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According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion. [11]
The Javedan Cement Limited (JCL) was privatized and sold at very low prices of Rs. 4.3 billion ($43 million) to Haji Ghani and Shunaid Qureshi. The new owners almost immediately stopped production, dismantled the cement factory and converted the 1,300 acres JCL land into Naya Nazimabad housing project worth over Rs. 100 billion ( $ 1 billion).
In 2018, a young entrepreneur in Karachi, Abid Omar, launched the Pakistan Air Quality Initiative to monitor air quality in Pakistan's big cities. The project aims to increase the availability of air quality data in Pakistan and make citizens more aware of the health impacts of air pollution. [ 14 ]
The project supports Pakistan’s goal of achieving 60% renewable energy by 2030. Price Action : LODE shares are up 1.29% at $0.8920 premarket at the last check Tuesday. Read Next :
The Resource Group Pakistan, commonly known as TRG Pakistan, is a Pakistani venture capital firm specializing in investments in business process outsourcing companies. It is based in Karachi . [ 2 ]
In Karachi, the Karachi Water and Sewerage Board (KWSB) was separated from the City Development Authority and is an autonomous utility established by law in 1996. [ 50 ] Since the 2001 Local Government Ordinance, water supply and sanitation services in other cities and towns are expected to be transferred from provincial governments to the ...
AKD Group was founded in 1947 by Abdul Karim Dhedhi, father of the current chairman. [1] It began business in 1973 as a brokerage house before expanding into investment banking and mutual funds. [2]
While IPCC estimates predict a global mean SLR of 0.2–0.6 m by 2100, a rise of 0.7 m is predicted for the region of South Asia (which includes the Pakistan coast). This SLR will most likely affect low-lying coastal areas south of Karachi toward Keti Bander and I ndus River delta more than other regions of Pakistan.