Working from home will enable the workforce to rely on self-motivation, self-discipline, focus and concentration Interview with Dr. S. Khusro Iqbal — a seasoned professional PAGE: Tell me something about yourself and your career. Dr. S. Khusro Iqbal: I guide and manage the corporate sector over provisions of Human Resources Services, Corporate Policies, Risk Management and Audit Programs. I got an opportunity to work in three continents namely Asia, Africa and Australia so naturally possess distinctive ability to lead and balance strategic business initiatives with advocacy. My research articles on culture, politics, security and various aspects of public policy and governance,…
Author: Khalil Ahmed
There is no concept of budget or low-cost airlines in Pakistan. On the contrary, there are ample budget airlines in plenty of countries across the globe for the domestic and international passengers, which eventually bring numerous opportunities to the economy in question in terms of growth in tourism, industrial revival, employment opportunities and beefing up the image of the country in question. The world’s best budget airlines are AirAsia, EasyJet, Norwegian, Southwest Airlines, AirAsia X, Jetstar Airways, WestJet, IndiGo, Ryanair, Eurowings, Scoot, Jetstar Asia, PAL Express, Peach, Vueling Airlines, Air Canada rouge, LEVEL, Jet2.com, Flynas, Citilink etc. Numerous countries across…
Coronavirus has wreaked havoc on the global economy and Pakistan is no exception. However, the glitches in the economic system of Pakistan may be somewhat distinct vis-à-vis the rest of the world. Every inhabitant of almost every part of the country has grievances about the spike in the prices of essential commodities, which has taken its toll on the diminishing income of all and sundry. Dwindling income alongside the abysmal economic growth in the country has further been aggravated by the so-called anti-market practices, which eventually leave adverse impact on the economics of every household across the country. There seems…
Interview with Mohammad Shoaib (CFA) – CEO, Al Meezan Investment Management Limited PAGE: Tell me something about yourself and your organization: Mohammad Shoaib: I am the founding CEO of Al Meezan Investment Management Limited, the first and the only full-fledged Shariah Compliant Asset Management Company in Pakistan. Currently with Al Meezan Investment I am managing investments of about over Rs. 170 billion (as on October 30, 2020) under 18 mutual/pension funds and discretionary clients’ portfolios, and leading a team of 600 employees of the organization. I hold an MBA degree from IBA in addition to being a Chartered Financial Analyst (CFA)…
Interview with Sardar Shoukat Popalzai – President, Balochistan Economic Forum [box type=”shadow” align=”” class=”” width=””]Profile: Sardar Shoukat Popalzai, President Balochistan Economic Forum, gained his degree in International Relations with major on diplomacy, economics and anti terrorism before spending nearly 24 years on professional career in the field of information service on International Diplomacy – Corporate Information and Media Monitoring. Over the years he has made presentations at numerous important conferences and corporate briefings. He is also recipient of awards from USA, Great Britain, France, the People’s Republic of China and the Federal Republic of Germany.[/box] PAKISTAN & GULF ECONOMIST had an…
ICMA been successful in teaching online under the pandemic alarm Interview with Mr. Zia ul Mustafa – President, ICMA Pakistan PAGE: Tell me something about yourself and your career please? Zia ul Mustafa: I am currently the President of the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) for a three-year term i.e. 2018-2020. This is my second term as the President as earlier during the period 2012-2014, I also assumed the responsibility of President of ICMA Pakistan. I am also currently holding the position of the President of the South Asian Federation of Accountants (SAFA) which is a regional…
Pakistan has posts significant growth in LSM, but highly dependent on direct and indirect imports is a setback for many sectors Interview with Mr Nasim Beg – CEO, Arif Habib Consultancy PAGE: Tell me something about yourself and your career please: Nasim Beg: I have around fifty years of experience of working across financial services, as well as the real economy. Over this time, I have also worked in the UAE and the UK. I started out my career path by qualifying as a Chartered Accountant in 1970. PAGE: What is the current state of the economy of Pakistan? Nasim Beg: In…
Exclusive interview with Professor Nadeem Qamar — Executive Director, NICVD [box type=”shadow” align=”” class=”” width=””]Profile: Professor Nadeem Qamar has had a 25-year long and enduring journey with National Institute of Cardiovascular Diseases (NICVD), Karachi. After his MBBS degree from Liaquat Medical College, Jamshoro in 1984, Professor Nadeem Qamar went abroad to complete his residency in Internal Medicine from Franklin Square Hospital, USA and received his fellowships in Cardiology and Angioplasty from McGill University Canada and Ottawa Heart Institute Canada respectively. He has trained countless cardiology fellows specializing in Interventional Cardiology and Catheterization Laboratory Techniques, has authored many research papers and…
Interview with Muhammad Azam Khan — Economist/Capital Market Expert [box type=”shadow” align=”” class=”” width=””]Profile: Muhammad Azam Khan has gotten more than 21 years of professional experience including 19 years in Pakistan’s financial sector comprising capital market with primary and secondary market activities, mutual funds, equity brokerage both local and international, block deals & corporate finance. Since 2008, he has been working as CEO/Nominee Director of a leading equity brokerage house providing expert advisory services to equity desk of major institutions (local and international both, portfolio management and portfolio advisory of high net worth individuals (local and international), administrative, operational, research, accounts/finance,…
Food processing industry has immense potential to drive economy and move up job generation Mehran is fully means to highest quality with hygiene standard products Interview with Mr Gul Mohammad Lot – Chairman, Mehran Group of Industries PAGE: Tell me something about yourself and your business please: Gul Mohammad Lot: The journey of Mehran Spice & Food Industries had started in 1975 and within a few years of its inception, the company progressed to become one of the leading spice and food company globally. Being the Chairman, I explored new markets and established a strong distribution network across six continents. Mehran…
Interview with Dr Asiya Saif Alvi — an analyst [box type=”shadow” align=”” class=”” width=””]Profile: Dr Asiya Saif Alvi is a dynamic young political analyst from Lahore. After finishing her school and college education, she went to Islamabad for Masters from Quaid-e-Azam University. After doing her Masters, she joined a local college in Lahore for teaching. Simultaneously, she got admission in Government College Lahore for her MPhil in the political science department. Meanwhile, she quit her job of the college and started working at the Virtual University of Pakistan. After doing her MPhil, she got enrolled in the PhD program in…
Conversation with Dr Ayub Mehar — a renowned economist PAKISTAN & GULF ECONOMIST had an exclusive conversation with Dr Ayub Mehar regarding the current state of the economy of Pakistan. Following are the excerpts of the conversation: According to the leading international economic institutions and think tanks (IMF, World Bank and Economic Intelligent Unit) it is a good surprise that Pakistan, China and Saudi Arabia are the only countries where positive growth in GDP is expected in the current fiscal year (It is 3 percent for China, 0.5 percent for Pakistan and 0.3 percent for Saudi Arabia). The other countries have…
Interview with Mr Rafiq Rangoonwala — a leading businessman PAGE: Tell me something about yourself and your organization, please: Rafiq Rangoonwala: I am associated with food business for last 40 years. I started my career with KFC in Houston, worked in Caribbean looking after English speaking islands, later on was transferred to Middle East as Market Director of KFC, MENA Region. Moved to Pakistan at the end of 1999 as CEO of KFC and remain associated till 2014. Also managed brands, like Pizza Hut, Hardees, Burger King, Harry Ramsden, Pizza Express, TGI Fridays, etc. PAGE: What is the current state of…
Interview with Mr Nadeem Shah — a progressive farmer PAGE: Tell me something about yourself and your contribution for the betterment of the agriculture sector, please: Nadeem Shah: I got involved in agriculture at the age of 17, way back in 1975 simultaneously continuing my education. I did my B. Sc (honors), DBS and MBA. My social activities comprise being Joint Chief CPLC Hyderabad, Member PCCC, Member Provincial Seed Council, Member Sindh Seed Corporation, Member Academic Council Agriculture University Tando Jam, Vice President National Reformers’Forum and Vice President Sindh Abadgar Board. I educate farmers every week without any hiatus and ensure monthly…
Interview with Mr. Abdul Rahim Janoo — a leading businessman [box type=”shadow” align=”” class=”” width=””]Profile: Occupation: Export and import Nature Of Export: Rice, grain, agrobased products, business spices/sugar/wheat & by products. Import: milk powder/tea/rubber/spices. Land lords: property owners and giving properties on rent. Petrol pumps: owner and operator of petrol pumps. President: Memon Leadership Forum (MLF) Convener: Memon Leadership Conference (MLC) Chairman: –South Zone Group (REAP) Haji Razak Janoo Memorial Trust, Karachi. Pakistan Economic Forum. Masjid Al-Razak, S.I.T.E / Masjid Al-Hamida, Super Highway/Jama Masid Haider-E-Karrar (Clifton) / Jama Masjid Mustafa (Nooriabad)/Jama Masjid Umer (Manzoor colony) Ex-Chairman: –Rice Exporters Association Of Pakistan (REAP) From 2001-2003 and 2008-2009.…
Successful launch of ETF is very important product available for PSX investors Advent of Roshan Digital Account is a hugely positive step for the growth of economy Pakistani capital market has performed very well and has presented attractive valuations for investors New offerings and services also planned for the near future at PSX Interview with Mr. Farrukh H. Khan – CEO, Pakistan Stock Exchange Limited PAGE: Tell me something about yourself and Pakistan Stock Exchange, please: Farrukh H. Khan: About myself, I can start with my educational background. I did my BA (Hons.) in Economics & Finance from the University of Manchester…
Whole power sector should be realigned to improve consumer tariffs and quality of service Karachiites must be allowed to use rooftop solar and wind installations Renewable energy is the future of Pakistan and we need to do the best Interview with M. Shariq Vohra – President, Karachi Chamber of Commerce & Industry [box type=”shadow” align=”” class=”” width=””]Profile: CEO Shazil Group of Companies Representation in Public Sector Bodies/Government Corporations Member: Sectoral Advisory Committee, Environment Climate Change & Coastal Development Department, Government of Sindh. Provincial Steering Committee, Services, General Administration & Coordination Department, Government of Sindh. Karachi Metropolitan Corporation (KMC). Sindh Solid…
Interview with Mr Ahmed Chinoy (H.I.S.I) — a renowned businessman-Alternative Energy in Pakistan [box type=”shadow” align=”” class=”” width=””]Profile: Mr Ahmed Chinoy is a businessman by profession and social activist by nature. Being in his profession for over 25 years with a vast experience and knowledge, he is associated with the textile industry since the beginning of his career. He is also the current/past Chairman of Pakistan Cloth Merchants Association, an organization looking after the trade regulations with regards to textiles in the country. His business has diversified into more categories that are Construction Development, Project Management and Controlled Poultry Farms.…
Interview with Mr. Waheed Ahmed — Patron-in-Chief, Pakistan Fruit & Vegetable Exporters, Importers and Merchants Association (PVFA) [box type=”shadow” align=”” class=”” width=””]Profile: After completing his early education in Karachi, Mr. Waheed Ahmed graduated in business administration with specialization in marketing from American Intercontinental University, London. Thereafter he joined family-owned business, the Iftekhar Ahmed & Co (IAC), Karachi. The company has been engaged in fruits and vegetable handling business as grower, packer, processor, wholesaler, exporter of fresh fruit, vegetable, fruit pulp and clarified juice concentrate. Mr. Waheed Ahmed was given the responsibility to strengthen the marketing & sales department with a…
Interview with Syed Ali Raza Bukhari — Head of SMAs, National Investment Trust Limited PAGE: Tell me something about yourself and your career please? Syed Ali Raza Bukhari: Prior to joining National Investment Trust Limited as the Head of SMAs, I have had the opportunity to set up and successfully manage a Pakistan Stock Exchange Member Brokerage Firm, bringing it up as boutique institutional trading platform. I have also been associated with the asset management industry for quite some time now, spreading my plus 15 years of specialized financial services experience into a diversified landscape of multiple professional domains like marketing/sales,…
Interview with Muhammad Ejaz — Chief Executive, Arif Habib Dolmen REIT Management Limited Induction of mortgage finance facilities will be true game changer for the sector [box type=”shadow” align=”” class=”” width=””]Profile: Muhammad Ejaz is the founding Chief Executive of Arif Habib Dolmen REIT Management Limited, which has successfully launched South Asia’s first listed REIT fund. He has been associated with Arif Habib Group since August 2008 and sits on the board of several group companies. He has spearheaded several group projects when these were at a critical stage during their execution. Prior to joining Arif Habib Group, Muhammad Ejaz served…
Interview with Mr Naim Farooqui – CEO, Sindh Modaraba SME, construction sectors set to grow under current Government’s plans PAGE: Tell me something about yourself and your organization please: Naim Farooqui: I did my schooling from Karachi and proceeded to the United States in December 1973 for graduate studies. I obtained BSC in Industrial Engineering from University of Houston in 1978 and Masters in Business Administration from Texas Southern University in 1984. Upon my return to Pakistan I joined NDFC which was recruiting candidates with Engineering and Marketing background as the Institution was involved in financing industrial/manufacturing projects requiring technical expertise.…
Interview with Mr Hamad Rasool Bhullar — an analyst Investment in gold is fear driven buying trend PAGE: Tell me something about yourself, please: Hamad Rasool Bhullar: I am a freelance consultant/trainer and financial advisor with special reference to ethical and Islamic Financial system, for almost 20 years, both in public and private sectors in addition to being a passionate trainer on management and motivation to change the lives of the youth. I have a strong belief that we can shape our Pakistani community into a very efficient and productive community just through the right mix of training and motivation, while…
A famous adage goes as ‘The deeper the well, the cooler the water.’ The more the investment, the better the infrastructure as well as the more the convenience for the populace. Probably, this is beyond the comprehension of those who need to do it. Economic growth globally is contingent upon the state-of-the-art infrastructure and transportation. The public transportation is a long-held issue of the largest city of Pakistan. Most of the residents of Karachi reminisce about the 60s, 70s and even 80s when Karachi did not have the acute dearth of public buses. The so-called luxurious mini coaches are in…
Interview with Mr Ashfaq Yousuf Tola – President, TOLA ASSOCIATES [box type=”shadow” align=”” class=”” width=””]Profile: Professional Accomplishments Memberships: Fellow Member of Institute of Chartered Accountants of Pakistan Fellow Member of the Institute of Cost & Management Accountants of Pakistan Life Member of Karachi Press Club Life Member of SAARC Chamber of Commerce and Industry Member of Karachi Tax Bar Association Key Achievements: Presentation to IMF on Single Stage Sales Tax in December 2015. Visited Turkey as an official of Government of Pakistan to study Turkish Tax System & authored a report on Turkish Taxation System. Knowledge of more than 40…
The country has competitive advantage in manufacturing or assembly of auto parts Govt should form separate bailout plan, cut taxes, utility bills and import duty for automobile industry growth Under the Covid-19 pandemic automotive industry will face a dip of 12 to 15pc in 2020 Interview with Mr Sohail Shamim Firpo, Director Firpo Group of Companies PAGE: Tell me something about yourself and your business, please: Sohail Shamim Firpo: I am Director of Firpo Group of Companies. I am also holding Chairmanship of Pakistan-Romania Business Council (PRBC) since its formulation. I also hold position of Senior Vice Chairman of Customs and…
Interview with Mr. Waheed Ahmed — Patron-in-Chief, Pakistan Fruit & Vegetable Exporters, Importers and Merchants Association (PVFA) [box type=”shadow” align=”” class=”” width=””]Profile: Current Responsibilities: Director Marketing — Iftekhar Ahmed & Co. (2004 to date) Head of National Horticulture Committee, Government of Pakistan Appointed as Head of National Horticulture Committee, Government of Pakistan – FPCCI 2019 Convener– FPCCI Standing Committee on Fruit & Vegetable Exports Member — Fruit & Vegetable Committee at Trade Development Authority Pakistan Patron-in-Chief — All Pakistan Fruit & Vegetable, Exporters, Importers & Merchant Association (PFVA) Previous Responsibilities: Former Vice President — Elected as Vice President of the…
To make big impression, Pakistan must focus on durable and innovative industrial infrastructure Labor law must be useful for social and economic well-being of the people Interview with Dr. Khusro Iqbal — an analyst PAGE: Tell me something about yourself and your career please: Dr. Khusro Iqbal: I get a loud resonance from my industry and peers that I am a resourceful individual with over many years of experience in providing executive functions and organizing senior managerial activities. I best utilize my competencies and skills for improved procedures for my employer’s business activities. I have the ability to transform any organization…
Accountants must take COVID-19 change as an opportunity rather as challenge Govt needs to come forward in a big way to rescue manufacturing and business sectors There is much room for bringing improvement in Pakistan audit quality Interview with Mr. Zia ul Mustafa — President, ICMA Pakistan PAGE: Tell me something about yourself and ICMA Pakistan, please? Zia ul Mustafa: Currently, I am serving as the President of the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) for a three-year term i.e. 2018-2020. This is my second term as the President as earlier during the period 2012-2014, I also…
Every related firm needs Guerrilla Marketing techniques to be competitive Interview with Mr Rafiq Rangoonwala — a leading businessman PAGE: Tell me something about yourself and your organization, please: Rafiq Rangoonwala: I am associated with food business for last 40 years. I started my career with KFC in Houston, worked in Caribbean looking after English speaking islands, later on was transferred to Middle East as Market Director of KFC, MENA Region. Moved to Pakistan at the end of 1999 as Chief Executive Officer (CEO) of KFC till 2014. Also managed brands, like Pizza Hut, Hardees, Burger King, Harry Ramsden, Pizza Express,…
Interview with Mr Riaz Javed Suleri — Resident Director, Faran Sugar Mills Ltd PAGE: Tell me something about yourself and Faran Sugar Mills, please: Riaz Javed Suleri: I am associated with the sugar industry of Pakistan since1983 in public as well as with the private sector. At present, I am working at Faran Sugar Mills in the capacity of Resident Director, which is 18 years old journey. Faran Sugar Mills is a progressive organization engaged in extensive research and development activities, in collaboration with government as well as private research organizations. Our main emphasis is on growers’ economics, by way of increasing…
Interview with Agha Shahab Ahmed Khan – President, Karachi Chamber of Commerce & Industry [box type=”shadow” align=”” class=”” width=””]Profile: Director Convenience Food Industries (Pvt) Ltd Member: Sectoral Advisory Committee, Environment Climate Change & Coastal Development Department, Government of Sindh Provincial Steering Committee, Services, General Administration & Coordination Department, Government of Sindh Karachi Metropolitan Corporation (KMC) Sindh Solid Waste Management Board, Government of Sindh Industrial Liaison Committee, Industries & Commerce Department, Government of Sindh Coordination Committee, Labor & Human Resources Department, Government of Sindh National Centre for Dispute Resolution (NCDR) NICVD National Institute of Cardiovascular Diseases Federal Tax Ombudsman Secretariat Member…
Interview with Mr Shamim A. Firpo – Chairman, Firpo Group of Companies PAGE: Tell me something about yourself and your organization, please: SHAMIM A. FIRPO: I started life’s struggle at a very young age. When I was six-year-old my father died and after his death my mother played a vital role in building my personality and future. My mother motivated and encouraged me in every walk of life. I am determined and optimist kind of a person and always believe in Allah Subhanahu Ta’alah that He always has good for everyone. As a person, I am very simple and result-oriented. I am…
Interview with Mr Khalid Tawab – Chairman, Tawab Group of Companies [box type=”shadow” align=”” class=”” width=””]Profile: Mr Khalid Tawab is Chairman of Tawab Group of Companies which is renowned named in the manufacturing of paper, board and steel. He has served as Senior Vice President and Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Karachi Chamber of Commerce & Industry (KCCI). He is honorary Consul General of Mozambique since 1989. President of Pakistan awarded him Sitara-e-Imtiaz in 2009 in recognition of his outstanding public services. His company got FPCCI Exports Awards twice and once the…
Interview with Mr Ahmed Chinoy (H.I.S.I) – Chairman, Pakistan Cloth Merchants Association [box type=”shadow” align=”” class=”” width=””]Profile: Mr Ahmed Chinoy is a businessman by profession and social activist by nature. Being in his profession for over 25 years with a vast experience and knowledge, he is associated with the textile industry since the beginning of his career. He is also heading Pakistan Cloth Merchants Association, an organization looking after the trade regulations with regards to textiles in the country. His business has diversified into more categories that are Construction Development, Project Management and Controlled Poultry Farms. He has served as…
Interview with Dr. Syed Arif Hussain — Insurance sector expert [box type=”shadow” align=”” class=”” width=””]Profile: Dr. Syed Arif Hussain is serving Alpha Insurance Company Limited as General Manager Marketing and Compliance. His expertise comprise management, resource development, marketing and execution of business strategies. His professional experience is spread over 24 years at progressive senior level positions and has the experience of underwriting, reinsurance, claims management and marketing with the State Life Insurance Corporation of Pakistan, Dawood Family Takaful Limited and as a Chief Executive Officer, he also headed Takaful Pakistan Limited a Non-Life Takaful Company and Excel Insurance Company Limited. He…
Customer support, more awareness and digital offerings must for future growth of insurance sector Interview with Muhammad Nasir Ali Syed – CEO, Pak-Qatar General Takaful Limited PAGE: Tell me something about yourself: Muhammad Nasir Ali Syed: I am vision-oriented person and have a clear purpose in life and I also try to maintain balance in life. We are answerable to almighty Allah and have to spent life according to the guidance and directions given by our creator. My parents have been a great source of motivation and I try my level best to follow their professional approach and positive traits. My…
Interview with Mr Abbas Bilgrami — energy sector expert PAGE: Tell me something about yourself and your organization, please: Abbas Bilgrami: I am a Pakistani Canadian. Born in Karachi I grew up all over Pakistan as my father was posted by his employer from city to city and in different countries for his work. I am a very fortunate individual being born into a family where education was valued. While I wanted to be a poet and a healer my father urged me to study something that would ensure I didn’t die of impoverishment and hunger. I did my first undergraduate…
Conversation with Mr Zafar Iqbal Ahmed — founding Managing Director, SAI Company (Private) Limited [box type=”shadow” align=”” class=”” width=””]Profile: Founding Managing Director SAI Company (Private) Limited (founded in 1962) providing technical services and equipment to oil & gas industry. President: SAI Institute of Studies President: Society for the Promotion of Arabic (SPA) (established in year 1973) — About 45000 students have received certificates who had passed in basic and advance Arabic language courses. Founder President: Defence Residents Society (DRS) (established in 1990), which has been making concerted efforts in bringing tangible improvement in the environment and living conditions of DHA…
Interview with Mr Amanullah Khan Paracha — Chairman of Pakistan Muslim Alliance [box type=”shadow” align=”” class=”” width=””]Profile: Mr. Amanullah Khan Paracha graduated in Mechanical Engineering in 1974 from NED University, Karachi-Pakistan and completed his masters from France with specialization in Hydraulics. He started his own Mechanical & Electrical Company in Abu Dhabi, UAE in 1977 and since then has completed many projects including powerhouses, central air conditioning & oil refinery works. He is also running steel re-rolling and steel melting industry in Pakistan and has also serves as the CEO of a Financial Consulting firm that provides projects funding from…
Interview with Dr Asiya Saif Alvi — a dynamic political analyst [box type=”shadow” align=”” class=”” width=””]Profile: Dr Asiya Saif Alvi is a dynamic young political analyst from Lahore. After finishing her school and college education, she went to Islamabad for Masters from Quaid-e-Azam University. After doing her Masters, she joined a local college in Lahore for teaching. Simultaneously, she got admission in Government College Lahore for her MPhil in the political science department. Meanwhile, she quit her job of the college and started working at the Virtual University of Pakistan. After doing her MPhil, she got enrolled in the PhD…
Interview with Mr Majyd Aziz, former President Employers’ Federation of Pakistan PAGE: Tell me something about yourself and your organization, please: Majyd Aziz: I am head of my Family Business Group that is involved in textiles, commodities, shipping, and cargo handling, etc. I am immediate Past President of Employers’ Federation of Pakistan and South Asian Forum of Employers (first elected President). I was Member of Board of Directors of the government-owned Zarai Taraqiati Bank Limited and former Chairman of the Board of Directors of the government-owned SME Bank Limited. I am former President of Karachi Chamber of Commerce and Industry, former Chairman…
Interview with Ms. Durcheen Mari Baloch [box type=”shadow” align=”” class=”” width=””]Profile: Ms. Durcheen Mari Baloch is from Kohlu-Balochistan. She got 1stposition in DAE 2012 session throughout Balochistan. She got 2ndposition in BS in 2013-2016 session. When she joined politics, she faced too many difficulties because she was the first female politician in Mari tribe in Balochistan. She went through trials and tribulations for certain period of time, however, her contribution for her province in particular and for her country in general is widely appreciated. She joined politics in 2017 from the platform of APML. She was women wing President of…
Interview with Muhammad Azam Khan — Economist/Capital Market Expert PAGE: Tell me something about yourself, please: Muhammad Azam Khan: I have more than 20 years of experience in financial sector including Investment Banking, Capital markets with Primary and Secondary market activities, Mutual Funds, Equity brokerage (local and international), Block deals & Corporate Finance within and outside Pakistan. Over the last 12 years, I have performed as CEO/Nominee Director of leading brokerage house, have provided expert Advisory services to equity desk of major Institutions (local and international), Portfolio Management, Portfolio Advisory of high networth individuals (local and international), Administrative, Operational, Research, Accounts/finance,…
There are plenty of organizations across the world, which have made tremendous efforts to pay back to the society by doing splendid activities for the benefits of the downtrodden and for the environment in the long run. We all need to sense the change which must take place for the betterment of the entire global community. Some of the initiatives taken by organizations globally have proven tremendously well in terms of honing the technical skills of millions of those who otherwise would never ever have been able to contribute and turn around their own social status in the society. Health…
Good training to work force helpful for employment and removing poverty Mehran Group is taking best practices to safe and comfort its workers and customers under COVID challenge Interview with Mr Gul Mohammad Lot – Chairman, Mehran Group of Industries PAGE: Tell me something about yourself and your organization, please: Gul Mohammad Lot: I was born in Pakistan, in the Diplo area of Thar District in Sindh. I joined my father, Mr. Ghulam Muhammad Lot, in his business at a very young age. As far as education is concerned, I completed my bachelors from the London School of Business in…
Internship is the best scheme to lift Pakistan’s skill development Corporate sector must take right steps for the growth of CSR activities Interview with Mr Rafiq Rangoonwala — a leading philanthropist PAGE: Tell me something about yourself and your organization, please: Rafiq Rangoonwala: I am associated with food business for last 40 years. I started my career with KFC in Houston, worked in Caribbean looking after English speaking islands, later on was transferred to Middle East as Market Director of KFC, MENA Region. Later I moved to Pakistan at the end of 1999 as CEO of KFC till 2014. Also managed brands,…
Interview with Mr. Barkatullah Lone – Chairman, GB International Economic Forum [box type=”shadow” align=”” class=”” width=””]Profile: Mr. Barkatullah Lone is Chairman of GB International Economic Forum and a renowned young Economist of Pakistan. He is a Chartered Management Accountant and Chartered Certified Accountant from UK, Chartered Global Management Accountant from the USA, Gold Medalist Management Accountant and Public Finance Accountant from Pakistan plus he holds Master’s Degree in Economics and Law from Karachi University. He has been associated with the corporate sector in Finance and Audit profession at various positions (CFO/GM Finance/Chief Internal Auditor/Finance & Accounts Manager) for the last…
Interview with Dr. Khusro Iqbal — an HR expert [box type=”shadow” align=”” class=”” width=””] Profile: Dr. Khusro Iqbal is currently working as the Human Resources Head for General Tyre & Rubber Company. He guides and manages the overall provision of Human Resources services, policies, and programs for the entire company. In his job he focuses to provide an employee-oriented high-performance culture that emphasizes empowerment, quality, productivity, standards, goal attainment, recruitment and ongoing development of a superior workforce. The General Tyre and Rubber Company came into existence in 1963, at Karachi, Pakistan and commenced its production in July 1964. It is…
Interview with Mr Ather Iqbal — Director & CEO, SAI Company (Private) Limited PAGE: Kindly tell me about yourself and your organization: Ather Iqbal: I am an MBA by profession and Director/CEO of SAI Company (Private) Limited. We are into oil and gas equipment and services business, serving the industry since 1962. PAGE: How would you describe the impact of COVID-19 on the employees working in various sectors? Ather Iqbal: COVID-19 is an unfamiliar viral pandemic which has changed lifestyle and working style since March this year. No one is sure when the vaccine will be available and until then there will…
Interview with Mr Khalid Tawab – Chairman, Tawab Group of Companies PAGE: Tell me something about yourself and your organization, please: Khalid Tawab: I am Chairman of Tawab Group of Companies which is renowned named in the manufacturing of paper, board and steel. I have served as Senior Vice President and Vice President of FPCCI and Karachi Chamber of Commerce & Industry. I am honorary Consul General of Mozambique since 1989. President of Pakistan awarded me Sitara-e-Imtiaz in 2009 in recognition of my outstanding public services. My company got two time FPCCI Exports Awards and one time International Asia Award…
Matters to export mangoes and vegetables to Iran and other destinations with attractive freight rates resolved Interview with Mr. Waheed Ahmed — Patron-in-Chief, Pakistan Fruit & Vegetable Exporters, Importers and Merchants Association (PVFA) [box type=”shadow” align=”” class=”” width=””]Profile: Current Responsibilities: Director Marketing — Iftekhar Ahmed & Co. (2004 to date) Appointed as Head of National Horticulture Committee, Government of Pakistan – FPCCI 2019 Convener: FPCCI standing committee on fruit & vegetable exports Member: Fruit & Vegetable Committee at Trade Development Authority Pakistan Patron-in-Chief: All Pakistan Fruit & Vegetable, Exporters, Importers & Merchant Association (PFVA) Previous Responsibilities: Former Vice President: Elected…
Interview with Agha Shahab Ahmed Khan – President, Karachi Chamber of Commerce & Industry [box type=”shadow” align=”” class=”” width=””]Profile: Director Convenience Food Industries (Pvt) Ltd Member: Sectoral Advisory Committee, Environment Climate Change & Coastal Development Department, Government of Sindh Provincial Steering Committee, Services, General Administration & Coordination Department, Government of Sindh Karachi Metropolitan Corporation (KMC) Sindh Solid Waste Management Board, Government of Sindh Industrial Liaison Committee, Industries & Commerce Department, Government of Sindh Coordination Committee, Labor & Human Resources Department, Government of Sindh National Centre for Dispute Resolution (NCDR) NICVD National Institute of Cardiovascular Diseases Federal Tax Ombudsman Secretariat Member…
Interview with Mr Ahmed Chinoy — Chairman of Pakistan Cloth Merchants Association [box type=”shadow” align=”” class=”” width=””]Mr Ahmed Chinoy is a businessman by profession and social activist by nature. Being in his profession for over 25 years with a vast experience and knowledge, he is associated with the textile industry since the beginning of his career. He is also heading Pakistan Cloth Merchants Association, an organization looking after the trade regulations with regards to textiles in the country. His business has diversified into more categories that are Construction Development, Project Management and Controlled Poultry Farms. He has served as the…
Mr Ahmed Chinoy Chairman of Pakistan Cloth Merchants Association (PCMA) recently requested the government to remove major hindrances which are identified by the textile industry in the upcoming budget 2020-21. He said the textile industries have potential to uplift the economy if the Government of Pakistan provide them level-playing field and support the textile industry. He said Pakistan gained improvement in the country’s ranking on the World Bank’s Ease of Doing Business by 28 places to 108 in 2019. Restore Zero Rating on GST – “No Payment No Refund Regime” through revival of SRO 1125. He demanded the duty drawback…
Referring to Pak-Iran border (Taftan) through which Pakistan exports mango to Iran, it was highlighted by the Patron-in-Chief, Waheed Ahmed that opening of the border on alternate days for a limited time period and reduced number of trucks plying from Iran to Pakistan is posing serious problems to ensure smooth export of Pakistani mango to Iran and thus the Ministry of Interior has been approached with a request to have a word with the Iranian government for keeping the Taftan border open for seven days a week with extended timings for movements of trade goods and the quantum of trucks…
Interview with Mr Hamad Rasool Bhullar — an analyst PAGE: Tell me something about yourself, please: Hamad Rasool Bhullar: I am a freelance consultant/trainer and financial advisor with special reference to ethical and Islamic financial system, for almost 20 years, both in public and private sectors in addition to being a passionate trainer on management and motivation to change the lives of the youth. I have a strong belief that we can shape our Pakistani community into a very efficient and productive community just through the right mix of training and motivation, while preserving the natural ethics and morality in our…
Meezan Bank has been selected for Overseas Pakistani Saving Scheme under the pandemic stress time Interview with Mr. Irfan Siddiqui — President and CEO, Meezan Bank Limited PAGE: Tell me something about Meezan Bank, please: Irfan Siddiqui: Meezan Bank was established in 2002 and has always worked with the vision of establishing ‘Islamic banking as banking of first choice’. We believe that Islamic banking offers a distinct customer-centric value proposition and underlying these operations are the attributes of complete transparency. Our aim and wish is that the Islamic finance market in the country should grow. I believe that the Islamic banking…
Due to lockdown govt must pull Islamic Finance sector into essential services to resume its business activities PQGTL has advance technology to ensure its availability and continuity of services Interview with Muhammad Nasir Ali Syed – CEO, Pak-Qatar General Takaful Limited PAGE: Tell me something about yourself and your organization, please: Muhammad Nasir Ali Syed: I am vision-oriented person and have a clear purpose of life and I try to maintain balance in life. We are answerable to almighty Allah and have to spend life according to the guidance and directions given by our creator. My parents have been a great…
COVID-19 has turned all economies upside down leaving the most vulnerable people in the lurch. Coronavirus pandemic is fast amplifying poverty in the developed and the developing countries alike. All hell has broken loose in particular for the families which were already living in poverty prior to the outbreak. No one is off the hook at this juncture. A big recession is likely to creep into even some major economies let alone the poor nations. Poverty tsunami as being termed is imminent in impoverished countries which might last for a couple of years to say the least. The recent dramatic…
Mr Imran Khan, the premier of Pakistan, says that if poverty rises, we will not win war against pandemic. He is right and it is a cause of massive concern at the moment. The prime objective of the Government of Pakistan in the given circumstances must be to eliminate poverty and curb inflation. For this a fulcrum strategy is to be chalked out forthwith. The government has made a couple of attempts to ensure price stability and to stave off the long-standing issue of hoarding, which is generally perceived the primary cause of price hike and soaring poverty levels in…
Prior to the calamity of the COVID-19, Ms Seema used to visit over ten houses every day to teach children. She is the sole breadwinner since her husband’s income is reliant on the daily labour if offered by someone. Both the husband and wife used to work, however, the income of Ms Seema was stable vis-à-vis her husband’s since she used to get fee at any cost within the first ten days of every month. Her husband’s income was solely contingent on the opportunity and was also barely half of what Ms Seema used to earn. The entire family lives…
The Government of Pakistan’s foremost duty at the moment should be to allay two foremost fears of the public: there would be no food shortage; and inflation would be contained. Rumors are rife vis-à-vis the impending paucity of edible items and sky high inflation in the wake of the closure of the industry and the job losses. The nation seems to be in dilemma. There must be a categorical assurance by the authorities to the masses that prudent and stern steps have been taken by the government to ensure smooth availability of the edible items and there is no likelihood…
Almost the entire world except a few countries imposed lockdown to halt the spread of the deadly novel coronavirus (COVID-19). This precautionary measure prompted spike in the unemployment across the globe leaving the poorest of the poor in the lurch. Millions of daily wagers lost their livelihood in a twinkling. Everything was incomprehensible for everyone regarding the very next day since uncertainty prevailed all over. Now when the entire world has been experiencing the impact of coronavirus for last couple of months in one way or the other, the prime issue being discussed is how to get back to normal…
Enough credit should be provided to the micro financing activities Interview with Dr. Ayub Mehar — a renowned economist PAGE: Tell me something about yourself and your organization, please: Dr. Ayub Mehar: I am serving as ‘Professor’ in Iqra University Karachi and also ‘Economic Advisor’ of the Employers’ Federation of Pakistan. Currently, I am also associated with the Asian Development Bank Institute on a project for Infrastructure Financing in CAREC member countries. Development Financing, Macroeconomic Policies, International Trade and Finance and Economic and Financial Modeling are areas of my research interests. I have completed several policy research studies for international financial…
A conversation with Muhammad Yasin — Honorary Treasurer, ICMA Pakistan [box type=”shadow” align=”” class=”” width=””]Profile: Muhammad Yasin, is fellow member of ICMA Pakistan and PIPFA. He is Chairman of the Research and Publications Committee of the ICMA Pakistan. He also has portfolio of Honorary Treasurer of ICMA Pakistan. Mr. Yasin is representing ICMA Pakistan as Joint Secretary on the Board of Governors of Pakistan Institute of Public Finance Accountants (PIPFA). He has remained office bearer of Lahore Branch Council of ICMA Pakistan including Chairmanship. He is also representing the Institute in different committees of South Asian Federation of Accountants (SAFA),…
Pakistan has been able to beef up its image globally. Plenty of foreign diplomats have been visiting Pakistan recently. Pakistan is being considered one of the most worth-visiting countries these day. There is very likelihood that once the fear of coronavirus subsides across the world, visitors from across the world would visit Pakistan. Mr. Emil Wyss, the former Consul General of Switzerland in Karachi from 2014-16, and his spouse, Arie Wyss, were in Pakistan in March this year on a two-week trip to Karachi, Lahore, and Hyderabad. The former and well-known Swiss diplomat started his tour in Karachi by visiting…
We must follow anti coronavirus steps to make Pakistan Day and Pakistanis save and live longer Interview with Mr Ahmed Chinoy — a renowned businessman [box type=”shadow” align=”” class=”” width=””]Profile: Mr Ahmed Chinoy is a businessman by profession and social activist by nature. Being in his profession for over 25 years with a vast experience and knowledge, he is associated with the textile industry since the beginning of his career. He is also heading Pakistan Cloth Merchants Association, an organization looking after the trade regulations with regards to textiles in the country. His business has diversified into more categories that are…
Interview with Mr S. M. Muneer — leader of the business community of Pakistan [box type=”shadow” align=”” class=”” width=””]PROFILE: M. Muneer is the Chairman of Din Group of Industries and former CEO Trade Development Authority of Pakistan (TDAP). His company Din Leather (Pvt) Ltd, is the biggest exporter of leather in Pakistan and he has four textile mills in the name of Din Textile Mills in Lahore. Position In Companies Chairman: 1) M/s. Din Leather (Pvt) Ltd The leading exporting company of finished leather in Pakistan having most modern tanning unit in Karachi with last year annual turnover of about Pak. Rs.2.5…
Uncertainty is worse than bad news. Some airlines in many countries have asked their employees to go on unpaid leave. There is a likelihood that the employees may be sent on forced leave without pay to cope with the unprecedented disaster globally. The coronavirus has infected over 135,000 people across the world and more than 4,900 people are believed to have died of the virus. In addition to Wuhan in China the cities such as Milan in Italy, Daegu in South Korea and Qom in Iran are the worst hit places. There are over 15,000 confirmed cases in Italy where…
More awareness, taking digital form and conducive environment are key to success Interview with Muhammad Nasir Ali Syed – CEO, Pak-Qatar General Takaful Limited PAGE: Tell me something about yourself and your organization, please? Muhammad Nasir Ali Syed: There is no bigger satisfaction in the world than to help fellow human beings and get their honest blessings in return. My colleagues call me that I am more so a teacher and a mentor. I strongly believe in developing a vision in life and plan accordingly. Without vision and purpose, you cannot achieve your goals. My parents have been a great source…
It is staggering to see infants or toddlers to be precise using cell phones in more or less in every family globally. Parents are at times flabbergasted observing their kids using technology far better than them. Rather, parents seek knowledge from their kids regarding the use of information technology. Teenagers teach the use of technology to their parents almost everywhere. One may be astonished to see how these kids have learned and from where have they learned all this prevailing globally. Well, it is simply the exposure and the ever-changing trends being demonstrated by the forms of media and other…
A disgruntled account/credit card holder of one of the leading banks disclosed that he received a call from his bank inquiring whether he had made three consecutive transactions consecutively amounting to around Rs 80,000/-. To his utter dismay prior to going to bed for a good night sleep, he told the bank employee that he had not made any transaction and was oblivious to what was being communicated to him. The account holder asked the bank employee to immediately block his credit card so that no more transactions were done. However, the employee of the bank expressed his inability and…
There are two different schools of thought in Pakistan vis-à-vis digital disruption. One school of thought deems Pakistan as one of the countries, which is rapidly catching up with the rest of the world, however, the contrary viewpoint suggests that Pakistan is still lagging far behind in terms of adopting the technological revolution prevailing globally. There is no denying that Pakistanis are deemed young, educated and to a great extent English speaking nation. However, the trust deficit has put Pakistanis on the back foot when it comes to adopting technology for everyday life. Someone rightly described it saying when it…
Interview with Mr Ashfaq Yousuf Tola – President, TOLA ASSOCIATES [box type=”note” align=”” class=”” width=””]Profile: Professional Accomplishments Memberships: Fellow Member of Institute of Chartered Accountants of Pakistan. Fellow Member of the Institute of Cost & Management Accountants of Pakistan. Life Member of Karachi Press Club. Life Member of SAARC Chamber of Commerce and Industry. Member of Karachi Tax Bar Association. Key Achievements: Presentation to IMF on Single Stage Sales Tax in December 2015. Visited Turkey as an official of Government of Pakistan to study Turkish Tax System & authored a report on Turkish Taxation System. Knowledge of more than 40…
Syed Nadeem Shah, a modern farm owner, says mustard crop can help reduce country’s import bill Sees better prospects in organic vegetables PAKISTAN & GULF ECONOMIST team visited a progressive farm owned by Syed Nadeem Shah in Matiari District near Hyderabad Sindh, Pakistan. Syed Nadeem Shah is Vice President of Sindh Abadgar Board. He is a farmer by profession. He did his BSC (Honours), MBA and DBS. He has been looking after his agricultural farms for last 45 years. He is also a member on several boards and committees of the government, President Cancer Patient Welfare Society, etc. Syed Nadeem Shah…
To boost the system one must need a holistic approach Govt can create a system of rules and clarity for Islamic Finance in Pakistan Interview with Mr Hamad Rasool Bhullar, analyst PAGE: Tell me something about yourself, please: Hamad Rasool Bhullar: I am an accountant and researcher by profession involved in freelance consultancy in Business and Financial Advisory with special reference to ethical and Islamic Finance, for over 20 years. Having experience with both public and private sectors, in addition to being a passionate trainer on management and motivation to change the lives of the youth. I have a strong belief…
Pakistan can lead world in modern farming practices by its cheaper tractor prices, making Mechanization could boost agrarian productivity to the hilt. Farmers across myriads of countries have adopted technology for ever-enhancing farm production besides ease and efficiency. Pakistan, being an agrarian economy, must have adapted its farming practices long ago, which could have altered the economic landscape. Farm mechanization in numerous countries globally has ensured stunning production resulting in tremendous economic activities which eventually leads to burgeoning exports and decelerating unemployment. Between two and three million tractors are sold across the globe per annum primarily for the agriculture production.…
Interview with Syed Shariq Waqar, FCMA PAKISTAN & GULF ECONOMIST had an exclusive conversation with Syed Shariq Waqar vis-a-vis Tax Challenges in Pakistan. Following are the excerpts of the conversation. Taxation is always treated as a sword on economic growth whether at macro level or at micro level. Common man is always afraid of tax. Tax authorities are always considered as villain as shown in movies. Taxation system has been simplified and has become nation serving tool in the developed countries. In the third world countries where education is not standard, poverty is a big issue and feudal lords control…
One needs to comprehend the rationale behind the ongoing gas crisis across the country. The recent shortfall during the chilly weather left millions of users bewildered since tall claims have been made from time to time vis-à-vis discovery, prudent management and import of LNG to tackle the long-standing issue of the energy in the country. It is eventually the industry, which is at the loser’s end. Various reasons have been given regarding the shortfall of gas, however, one of the most frequent reasons is the theft of gas, which does not seems to be restrained any way, perhaps at the…
It was way back in 2014 and 2015 when global oil prices decelerated from $114 per barrel to $27 per barrel. It was a monumental news for the oil importing countries whereas the oil exporting countries saw their economic growth flagging with every passing day with downtick in oil revenue. Pakistan economy did not seem geared up to take fullest advantage from the situation, to the detriment of the masses. Kudos to the then economic managers. The prevalent situation across the world indicates that the oil prices are deemed to remain subdued for various reasons. The good news are the…
Pakistan’s economy is on the increase speed Cement and steel estimated of having a good time Interview with Mr Ahmed Owais Thanvi – Managing Director, Kings Group of Builders & Developers PAGE: Kindly tell me about yourself and your organization: Ahmed Owais Thanvi: I am Managing Director of Kings Group of Builders & Developers. The Kings Group of Builders & Developers is a construction company with a nationwide operation in Pakistan since 1977. The Kings Group of Builders & Developers provides high quality services to their valued clients, across all sectors and have set a strong benchmark for the industry. Based…
Business industry likely to see boom of investments this year Interview with Muhammad Talha, President – Naya Nazimabad Gymkhana PAGE: Tell me something about yourself, please: Muhammad Talha: I am working in Arif Habib Group for last 10 years. Before joining the Arif Habib Group Company, I served in Al-Abbas Group, Ghulam Farooq Group and EY Ford Rhodes and gained experience in diversified sectors serving clients spanning the Financial, Manufacturing, Trading and Service industries. I have a working experience of more than 18 years in various diversified capacities including property operations. My current engagements include the overall set up, construction…
Does the last Wednesday speech of the US President Donald Trump in which he declared that the USA is 100% self-sufficient in meeting its energy needs raise alarms for the overseas workers working in the Gulf? Majority of the overseas workers in the Gulf region work in the energy organizations. In the wake of subdued activities in the oil sector and dwindling demand, there is anticipation of thumping job losses of the emigrant workers. However, nothing could be pronounced with certainty. Two leading economies of the world make a difference in terms of almost all business activities. The USA which…
Country’s growth will progress steadily in the coming years Pakistan’s banking heading towards more convenient payment solutions Interview with Mohammad Raza — Group Head Customer Support, Meezan Bank PAGE: Tell me something about yourself and your bank, please: Mohammad Raza: I currently serve Meezan Bank as the Group Head of Customer Support. As far as my educational background is concerned, I graduated with a Bachelor of Engineering from DCET- NED University of Engineering & Technology and hold a Master’s degree in Business Administration from Institute of Business Management (CBM). I am a DAIBP and have also completed a Post Graduate Diploma in…
Joint efforts need to attract GVC-linked investments Interview with Mr Ashfaq Yousuf Tola – President, Tola Associates [box type=”shadow” align=”” class=”” width=””]Profile: Professional Accomplishments Memberships: Fellow Member of Institute of Chartered Accountants of Pakistan Fellow Member of the Institute of Cost & Management Accountants of Pakistan Life Member of Karachi Press Club Life Member of SAARC Chamber of Commerce and Industry Member of Karachi Tax Bar Association Key Achievements: Presentation to IMF on Single Stage Sales Tax in December 2015. Visited Turkey as an official of Government of Pakistan to study Turkish Tax System & authored a report on Turkish Taxation…
Market posts foreign money movement of $67m in first 11 months of CY19 Total revenue of PSX for the FY2018-19 was recorded at Rs1.28 billion Interview with Muhammad Rafique Umer, — Acting Managing Director, Pakistan Stock Exchange [box type=”shadow” align=”” class=”” width=””]Profile: Muhammad Rafique Umer has been associated with Pakistan Stock Exchange (PSX) since 2001 and currently holds the position of Acting Managing Director in addition to the role of Secretary to the Board and Head of Legal Affairs. He is a graduate in Commerce and Law from University of Karachi. He has also achieved certification in selected subjects, as…
Interview with Tara Uzra Dawood – President, Dawood Global Foundation PAGE: Tell me something about yourself and your organization, please: Tara Uzra Dawood: I am CEO of 786 Investments, a Shariah-compliant asset management company, as well as President of Dawood Global Foundation, which holds the National Awards for Pakistan under its LADIESFUND platform and is educating one million girls globally under its Educate a Girl platform in partnership with Facebook’s internet.org foundation in several languages. I also serve on the board of Pakistan State Oil. PAGE: How would you describe 2019 and what are your plans from 2020 as an entrepreneur? Tara…
Interview with Muhammad Azam Yousufzai – a Capital Market Expert [box type=”shadow” align=”” class=”” width=””]Profile: Muhammad Azam Yousufzai has more than 20 years of experienced within and outside Pakistan, financial sector including Investment Bank, capital market with primary and secondary market activities, Mutual Funds, Equity brokerage (local and international), Block deals & Corporate Finance. Over the last 10 years, he worked as CEO/Nominee Director of leading brokerage house, provided expert advisory services to equity desk of major institutions (local and international both), Portfolio management, Portfolio advisory of high net worth individuals (local and international), Administrative, Operational, Research, Accounts/finance, Compliances and…
World Heritage List of UNESCO about Pakistan comprises Archaeological Ruins at Mohenjo-daro, Buddhist Ruins of Takht-i-Bahi and Neighbouring City Remains at Sahr-i-BahlolTaxila, Fort and Shalamar Gardens in Lahore, Historical Monuments at Makli, Thatta and Rohtas Fort. Around 1,000 UNESCO World Heritage Sites across the world are popular tourist destinations. It is believed that some of the popular of sites receive whopping 10 million visitors each year adding to the economic growth of the respective country besides addressing unemployment and beefing up the image of the country. Even if a country attracts one million tourists and in case one tourist spends…