Construction, safety equipment, pharmaceuticals and gas sectors likely to bolster economy.

Byline: Khalil Ahmed

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 preserving the natural ethics and morality in our society.

I did my graduation from Hailey College of Commerce in 1990, after that I completed six post-graduations in Finance, Accounting, Economics, IT and Corporate Law. After graduation, I worked for an accountancy firm for almost 12 years, before joining a public sector organization.

Have also over 27 years of experience in training the banking courses (both conventional and Islamic finance) in addition to being on the board of an Investment Bank for almost 4 years (2005-2008),

PAGE: Could you tell us about investment in the industry of Pakistan?

Hamad Rasool Bhullar: As you know that the entire world is under the grip of Covid-19, and facing job losses so it is really going to be difficult to attract investment. However, it is quite heartening that a reasonable amount of investment is going to be made specially in the construction industry. However, in Pakistan, the latest news are quite encouraging in this regard. As the textile sector is getting more export orders, it has been confirmed a few days ago that, the sale of new motorcycles is at a record high during the first quarter of the current financial year, and the construction industry is getting momentum. In addition, we are expecting new investment in safety equipment, pharmaceuticals and gas sector in Pakistan.

PAGE:Your views on the gold prices and investment in gold by the masses?

Hamad Rasool Bhullar: The gold prices all over the world have touched new highest level over the last few weeks and that was again during the Covid-19 sessions. As you know the general demand for gold remains low during such days, however, it seems otherwise a special trend. Fundamentally during this pandemic inflation is spreading all around the world, the growth is declining, which is causing panic for the savers to store their value in gold to hedge against this...