Last update: Sun, 24 Jul 2016 03pm

Business and Economy: Pakistan


Pakistan's Ambassador designate to the Netherlands, Iffat Imran Gardezi has announced to devise a trade plan in consultation with the concerned ministries of the Netherlands with a view to promote Pakistani product and services, which would result in improving the existing trade and investment ties between both the countries.
Deputy High Commissioner of UK, Belinda Lewis has said that political change after the Brexit poll would never affect the United Kingdom (UK)-Pakistan trade relations. While talking to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Chairman Mian Rehman Aziz on Saturday said the signing of Free Trade Agreement with Pakistan to enhance trade is our priority.
Senior Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Sheikh Khalid Tawab has urged Chief Minister Sindh Syed Qaim Ali Shah to extend the deadline of Rangers' stay in Sindh till the complete restoration of law and order.
Swedish Ambassador to Pakistan Ingrid Johansson met Punjab Chief Minister Muhammad Shahbaz Sharif, here Saturday. Matters of mutual interest, bilateral relations and cooperation in different sectors were discussed in the meeting. Talking to Swedish Ambassador, the Chief Minister said that there is strong friendly relation between Pakistan and Sweden however there is a need for taking steps for further promoting cooperation between the two countries in different sectors.
Lahore Chamber of Commerce and Industry would take up the matter of high rate of Customs duty on auto parts and undue checking of the consignments with the concerned authorities. LCCI Vice President Nasir Saeed stated this while addressing a 50-member delegation of Pakistan Auto Spare Parts Importers & Dealers Association (PASPIDA) at chamber on Saturday.
The newly-elected office-bearers and executive members of Traders Welfare Association, Jinnah Super Market, Islamabad led by its President Qazi Muhammad Ilyas on Saturday visited Islamabad Chamber of Commerce & Industry (ICCI) and slammed the poor performance of CDA, IESCO and SNGPL as these entities were not paying due attention to resolve the key issues of trading community due to which they were facing many problems.
The port congestion at Pakistan International Containers Terminal (PICT) has turned 'rigorous' following inadequate customs staff for examination, piling up containers' backlog to 700 Full Container Load (FCL) per day. According to sources, around 500 FCL are waiting to be grounded at port for examination besides 200 FCL, which had been parked but the examination could not be finalised by the customs staff.