Archives of Business & Economy

1. Turkish Airlines to give discount tickets to KCCI members

   2013-05-21 15:56:30 GMT : (Pakistan/Business & Economy)

   KARACHI: All KCCI members can avail exclusive five percent discount on ticketing from any office of Turkish Airlines' operating in Pakistan by showing their membership cards.The Airlines also offers air cargo services between the two countries and other destinations.General Manager of the Turkish Airlines Husseyin Cepni during a meeting with President of Karachi Chamber of Commerce and Industr...

2. Najam Sethi stresses need for promotion of tourism

   2013-05-18 21:08:32 GMT : (Pakistan/Business & Economy)

   LAHORE: Caretaker Chief Minister Punjab, Najam Sethi said on Saturday that through promotion of tourism, not only the economy of Punjab but the country could be strengthened. Chairing a meeting here, he said there was great potential of promotion of tourism activities in Punjab, which could be promoted through evolving an effective and solid strategy. Provincial Minister for Tourism, Salima Hash...

3. FBR chief directs to broaden tax net for achieving targets

   2013-05-18 21:02:49 GMT : (Pakistan/Business & Economy)

   LAHORE: Chairman Federal Board of Revenue(FBR) Ansar Javaid on Saturday directed all tax collectors to broaden the tax net and make all out efforts to achieve the revenue targets well in time. Chairing two separate high level meetings of all tax collectors based in Punjab province reviewed thoroughly their targets and the pace of recovery of pending taxes. Chief Collector, Customs, Lutfullah Virk,...

4. U.S.-funded dairy project boosts rural economy of Pakistan

   2013-05-16 14:40:43 GMT : (Pakistan/Business & Economy)

   ISLAMABAD: The USAID Dairy Project has spurred growth in Pakistan’s rural economy by helping women farmers increase their incomes and improve their livelihoods. Realizing the pivotal role rural women play in Pakistan’s livestock sector, USAID is creating a pool of up to 5,000 locally-trained and readily-available female livestock extension workers to provide veterinary services and advice on t...

5. CS for expeditious activation of Pakistan Textile City

   2013-05-16 09:40:12 GMT : (Pakistan/Business & Economy)

   KARACHI: The Pakistan Textile City (PTC) should be activated expeditiously.This was stressed by Sindh Chief Secretary, Muhammad Ijaz Choudhry.He was presiding over a review meeting regarding the issues of the PTC here.Ijaz Choudhry asked the secretaries of the Planning and Development and Local Government Departments to jointly ensure the expeditions activation of the PTC in accordance with its ch...

6. Pakistan need to sign preferential, free trade pacts with maximun countries: KCCI chief

   2013-05-16 09:27:08 GMT : (Pakistan/Business & Economy)

   KARACHI: President KCCI Muhammad Haroon Agar has stressed that Pakistan should focus on signing preferential and free trade agreements with as many countries as possible.For increased exports of the country, he said, it would be imperative to promote the regional trade by encouraging exports to India and other SAARC countries, ASEAN countries, the Central Asian Republics, China, Middle East and No...

7. FBR chairman allowed to retain office till June 30

   2013-05-14 21:13:54 GMT : (Pakistan/Business & Economy)

   LAHORE: Chairman, Federal Board of Revenue (FBR) Ansar Javaid has been allowed to retain office till June 30 for the preparation of Budget 2013-14.Official sources told APP here Tuesday, Ansar Javaid, a grade 22 officer of Income Tax group (In-land Revenue) was to retire on May 13, Tuesday after attaining the age of superannuation but he was allowed to retain office for the preparation of budgetar...

8. Gem training centers established in different cities

   2013-05-14 08:54:48 GMT : (Pakistan/Business & Economy)

   ISLAMABAD: Pakistan Gems and Jewellery Development Company (PGJDC) has established Gems and Jewellery Training and Manufacturing Centers (GJTMCs) in different cities to provide gems and jewellery training and manufacturing facilities.PGJDC is providing quality education to the stakeholders of gems and jewellery industry enabling them to compete effectively in the international market.Talking to AP...

9. KCCI chief hails three health related Ordinances signed by Sindh Governor

   2013-05-10 10:38:47 GMT : (Pakistan/Business & Economy)

   KARACHI: President, Karachi Chamber of Commerce and Industry, Muhammad Haroon Agar has welcomed the three health ordinances signed and promulgated by Sindh Governor Dr. Ishrat-ul- Ebad Khan on the occasion of international thalassemia day.These ordinances relate to thalassemia, mental healthcare and health commission, said a KCCI release here on Thursday.President KCCI said the implementation of t...

10. Pakistan offers vast incentives to foreign investors: Rahimtoola

    2013-05-01 21:16:36 GMT : (Pakistan/Business & Economy)

    ISLAMABAD: Pakistan's investment policy is to actively seek foreign investment by offering a broad array of incentives to attract new capital inflows.This was stated by Maqbool H. H. Rahimtoola, Minister for Commerce, who is leading the Pakistan delegation at the Annual Investment Meeting (AIM) in Dubai, a press release received here Wednesday said.The Minister pointed out that investment poli...

11. LCCI, ACCA unveil strategy for economic growth

    2013-04-30 20:51:54 GMT : (Pakistan/Business & Economy)

    LAHORE: Strong fiscal policies backed by long-term stability, sizeable budget for energy projects, cut in spending, tax on agri incomes, rationalization of taxes and decrease in duties on imported raw materials and increase in tax revenues are prerequisite for sustainable economic growth of the country. This was the upshot of the speeches delivered at a pre-budget seminar jointly organized by Laho...

12. ADB provides $73 million to rehabilitate Pakpattan canal, Suleimanki barrage

    2013-04-30 20:47:25 GMT : (Pakistan/Business & Economy)

    ISLAMABAD: The Asian Development Bank (ADB) and the Government of Pakistan Tuesday signed an agreement to invest US$ 73 million in rehabilitating Pakpattan Canal and Suleimanki Barrage in Pakistan's Punjab province. "The rehabilitation of Pakpattan and its linked cannels, and installation of new gates at Suleimanki barrage will reduce water losses and will improve water delivery systems benefi...

13. S.Korea keen to strengthen economic ties with Pakistan: CG

    2013-04-29 13:50:32 GMT : (Pakistan/Business & Economy)

    HYDERABAD: The Consul General Republic of Korea Chan Hee Lee has said that Pakistan is a developing country and Korea desired to further strengthen the economic relations with Pakistan.Addressing the members of Hyderabad Chamber of Commerce and Industry (HCCI) here at the Chamber's Secretariat, he said that Korean trade quantum is above US dollars one trillion and having close relationship wit...

14. Pakistan spends US$ 4.377bn on telecom imports in five years

    2013-04-29 12:15:56 GMT : (Pakistan/Business & Economy)

    ISLAMABAD: Pakistan has imported around US $ 4.377 billion mobile phone handsets and other telecom apparatus during last five years with telecom imports of US $ 1.331 billion only in 2007-08, the most promising year for the sector.Pakistan Telecommunication Authority (PTA) in its year 2012 report has revealed that the country imported mobile phone handsets with battery of US $ Dollar 1.428 billion...

15. CICC signs cooperative agreement with KASB

    2013-04-29 09:02:41 GMT : (Pakistan/Business & Economy)

    BEIJING: Chinese corporates and SOEs (State Own Enterprises) are looking at prospects of making investment in infrastructure projects in Pakistan."We have signed a pact with the China International Capital Corporation (CICC) under which different areas of economy have been identified for investments as well as taking part in privatization and acquition of various public and private sectors entitie...

16. APTMA sees conspiracy against CPPs, gas priority

    2013-04-27 19:51:53 GMT : (Pakistan/Business & Economy)

    LAHORE: All Pakistan Textile Mills Association (APTMA) Saturday said that a conspiracy was being hatched against Punjab-based textile industry to sell expensive electricity (Rs 12 per unit) by depriving it of electricity generated by its own Captive Power Plants (CPPs). The Association's spokeman said here that APTMA had issued policy statement with respect to Captive Power to generate in-hou...

17. Despite many geo-political problems Pakistan's economy is on right track: Dr Chaudhry

    2013-04-25 19:42:58 GMT : (Pakistan/Business & Economy)

    ISLAMABAD: Despite many geo-political problems Pakistan's economy is on the right track and all the problems being faced by country's economy will be overcome soon, said Dr. Shahid Amjad Chaudhry, Adviser to Prime Minister on Finance. He said that Pakistan has the most liberal trade regime in the world where investment opportunities available to foreign investors in the country are almost ...

18. Egyptian Envoy for strengthening Pak-Egypt trade ties

    2013-04-25 14:30:57 GMT : (Pakistan/Business & Economy)

    ISLAMABAD: Pakistan and Egypt have trustworthy political relations and enjoying excellent diplomatic relations, therefore both the countries should also consider to improve economic ties and bilateral trade relations.These remarks were made by H.E.Mr.Said Mohamed El-Said Hindam, Ambassador of Egypt in Pakistan while addressing business community of Islamabad Chamber of Commerce & Industry (ICC...

19. Pakistan most viable economic corridor of South Asia: Pak Envoy

    2013-04-25 09:44:33 GMT : (Pakistan/Business & Economy)

    ISLAMABAD: Pakistan is the most viable economic, commercial and energy corridor in South Asia, apart from being at the heart of security and political pursuits in the region.This was stated by the ambassador of Pakistan to France, Ghalib Iqbal in Paris while speaking at a seminar organized jointly by the Embassy of Pakistan in Paris and French organization CHEMI.According to a message received her...

20. Governor assures exporters of all possible steps to resolve problems

    2013-04-24 22:30:01 GMT : (Pakistan/Business & Economy)

    PESHAWAR: The Khyber Pakhtunkhwa Governor, Engineer Shaukatullah has said that the commercial exporters have been contributing highly valuable services towards economic development of the country and all possible steps will be taken to help them.He was talking to a delegation of office bearers and members of the All Pakistan Commercial Exporters Association which called on him under the leadership...