TechLahore

There’s been a flurry of economy related news about Pakistan recently, and we’ve tried to hit the highlights at least. Another positive development is the substantial growth in Pakistan’s foreign reserve position which has now reached an all time historic high of $18.25B. This increase is due to many factors, the two most important being [...]

Let the good times roll! The KSE is rocketing north once more, foreign exchange remittances by Pakistanis abroad are hitting all time highs and property deals are happening left, right and center. The Pakistani economy is booming, baby! I was thrilled to see a recent announcement by the much respected Defence Housing Authority, Lahore, concerning [...]

There is little doubt in the fact that the UAE and Pakistani economies are increasingly inter-twined. On this very blog, we’ve talked about substantial UAE investments in Pakistan, in particular in real-estate, Banking and Telecommunications. And of course, in one of the most important new projects under construction in Pakistan, the $5BN Khalifa Refinery. This, [...]

Pakistan’s forex reserves continue to see healthy growth with the latest figures showing a $260M increase since the 1st of January, 2009. The total pool of reserves now stands at $10.21BN. With additional measures being taken to shrink the trade gap – which has already seen a major reduction – the reserves are expected to [...]

The on-again-off-again Saudi oil program for Pakistan has finally come through. And it came with dessert; another $4BN in investment. During his latest visit to Riyadh, President Zardari met with King Abdullah and the two finally shook on it. The formal announcement will take place on the 17th of November at the “Friends of Pakistan” [...]

Amidst all the talk of FDI and Pakistan’s foreign exchange reserves, Singapore’s sovereign investment fund, Temasek Holdings, announced their intent to invest $147M in Pakistan’s NIB Bank. This is welcome news for NIB and Pakistan’s banking sector in general. Not only will the additional capitalization shore up NIB’s position, it will also illustrate how favourable [...]

Warid Telecom’s cell phone service has been quite a success story. They’ve grown their subscriber base rapidly and are well poised to deliver other services to their customer base. A couple of the big infrastructure efforts they’ve been working on have been through their parent company, Wateen. They’re planning to build their own high-bandwidth Fiber network throughout the country [...]