Tea imports up 0.61pc to $495.957 million
The exports during the period under review witnessed nominal decrease of 0.12% by falling from $19.191 billion during last year to $19.169 billion during the ongoing fiscal year.On the other hand, the imports declined by 7.88% to $45.471 billion during the period under review from $49.360 billion last year, the data revealed../395/
US ambassador meets Shaikh
The meeting discussed bilateral ties and underlined the need to further expand the scope of cooperation for the mutual benefits of the two countries. The adviser mentioned that Pakistan had a long history of relationship with the United States of America and both sides were required to further promote linkages between the people of the two countries.
PSX gains 122.47 points
The three top traded companies were Unity with a volume of 12.258 million and price per share of Rs 11.74, MLCF with a volume of 8.75 million and its price per share increased by Rs 1.1 to Rs 22.47 and TRG with a volume of 5.76 million and its price per share of also increased by Rs 0.01 to Rs 16.44.
Dollar down by Re1 in open market
KARACHI ? -? ? After hitting record low against the US Dollar earlier this week, Pakistani rupee (PKR) registered slight gains against the US dollar in open market for a third consecutive day on Friday.
British Airways service resumption to promote Pak-UK links: Mark Field
LONDON???? -??? British Minister for Asia and the Pacific, Mark Field on Friday said that the launch of direct flights between Pakistan and United Kingdom (UK) would help promote business and trade besides increasing links between the two countries. ?The launch of direct flights between our two capitals is excellent news for both our countries, and for the many ...
Govt decides to start electrifying SEZs
The Adviser to PM on Commerce and Textiles, Industries and Production and Investment Abdul Razak Dawood co-chaired a meeting on provision of electricity and gas to SEZs with Federal Minister for Power Mr. Omar Ayub. It was decided that electricity will be provided to 9 SEZs on priority including Bin Qasim Industrial Park, Karachi and Korangi Creek Industrial Park, ...
CASA-1000 will help meet energy needs of Pakistan
Talking about CASA-1000 energy project, the minister apprised that the project has been referred to ECNEC with the condition that the sponsors will ensure timely finalization of agreement with the member countries for export of surplus power, if available, during non-supply period.
PM seeks business community role for poverty alleviation
In a meeting with a delegation of Federation of Pakistan Chambers of Commerce and Industry and business community in Karachi, the prime minister said he wanted his government to be acknowledged as the most trade and investment friendly government. The meeting was attended by the representatives from FPCCI, Karachi Chambers of Commerce, Employers? Federation of Pakistan, Pakistan Ready-made Garments, ...
CASA-1000 to help meet energy needs: Bakhtyar
Talking about CASA-1000 energy project, the Minister apprised that the project had been referred to ECNEC with the condition that the sponsors would ensure timely finalization of agreement with the member countries for export of surplus power, if available, during non-supply period.
Jewellery exports decrease by 22pc
The Jewellery exports from the country during July-April (2018-19) were recorded at $4.255 million against the exports of $5,488 million during July-April (2017-18), showing decline of 22.47 percent, according to the data of Pakistan Bureau of Statistics (PBS).
PIA, Askari Bank to launch co-branded credit card
Staff Reporter Karachi Pakistan International Airlines (PIA) and Askari Bank Limited have signed a Memorandum of Understanding for launch of Co-Branded Credit Card where both organizations will be offering their services for the benefit of large number of customers in Pakistan. The signing ceremony was held at the airline’s Head Office where the MoU was signed by Air Marshal Arshad ...
Tractors sale down by 30pc on yoy basis: PAAPAM
Drop in volumes due to overall economic conditions, less than expected wheat yield, slowdown in CPEC projects, is going to put further financial pressure on the part makers. The next financial year is expected to be worse than this year as tractor demand is likely to drop to 35 thousand units on the back of slow economic growth, high ...
Industries’ projects get Rs329m under PSDP
Staff Reporter Islamabad As many as Rs 329.880 million have been released by the government for various projects of the Industries and Production Division under the Public Sector Development Programme (PSDP 2018-19) against the total allocation of Rs769.999 million earmarked for the current fiscal year. An amount of Rs20.18 million have been released for Light Engineering Upgradation Center for SMEs ...
Hoarding of dollar: Govt must deal currency players with iron hands
Staff Reporter Faisalabad President Faisalabad Chamber of Commerce & Industry (FCCI) Syed Zia Alumdar Hussain has said that hoarding of dollar for profit taking by land mafia and currency players is the root cause of depreciation of Pakistani rupee and government must deal these anti-Pakistan elements within an iron hand. Addressing a press conference along with the representatives of ...
No credit to PML-N for ending power loadshedding No compromise on power theft, circular debt to be zero by Dec 2020: Omar
Staff Reporter Islamabad Minister for Power Division Omar Ayub Khan Friday said credit did not go to Pakistan Muslim League (PML-N) government for ending power load-shedding in the country as the past government left behind unpaid circular debt of Rs650 billion. Addressing a press conference here, the minister said the previous government did not enhance the power tariff despite NEPRA?s ...
Most Asian markets see further losses
Hong Kong The increasingly fractious trade row between China and the United States was the main focus of Asian investor angst Friday, with most markets down to extend the previous day?s steep losses, though oil edged back from a painful sell-off. On top of that, investors have been spooked by weak economic data in Europe and the United States that ...
GREE to install 300 ton capacity HVAC system for Coca Cola Atlanta USA Regional Office
Staff Reporter Lahore GREE Pakistan HVAC Division, a leading provider of HVAC system installations nationwide, has recently gotten a project of Coca Cola Atlanta USA Regional Office, Gulberg Lahore. On the occasion, Rizwan Butt, Chief Operating Officer ? DWP Group CE Division, said, ?GREE is working to provide energy efficient solutions to big corporations operating in Pakistan; the vision behind ...
PFC: ‘Be Pakistani, Buy Pakistani’ products to defeat dollar mafia
Staff Reporter Lahore Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Friday, in wake of rising inflation, increase in power tariffs and the devaluation of rupee against the dollar, urged people to show nationalistic approach by buying made in Pakistan products to defeat dollar mafia and avoid foreign luxury goods to curtail import bill. Presiding over ...
Zameen Dev project ‘Zameen Opal’
The project, fully owned and being developed by Zameen Developments, will comprise modern residential apartments that offer all the facilities expected of a top-notch construction of this scale and developmental prowess. Zameen Developments is born of this desire to address the gaps in the development and construction spheres, leveraging the trust of the Zameen brand built through 13 years ...
Huge potential exists to expand Pak-China trade ties: Muqadam
Khurshid Barlas, Kareem Aziz Malik, FahadBarlas, Usman Ashraf, FahaWaheed and KhawajaFarooq apprised about the initiatives of government and private sector trade organizations for expansion of business activities besides providing trade development opportunities to SME sector representing different localities of Pakistan. Shaukat Muqadam who had served as Ambassador of Pakistan in different countries said on the occasion that there is ...
