Last update: Tue, 25 Oct 2016 10pm

Business and Economy: Pakistan


President Mamnoon Hussain on Monday urged the Qatari royals and entrepreneurs to invest in diverse areas of Pakistan by taking advantage of the country's geo-strategic location, investment-potential, business-friendly climate and the government investor-friendly policies for win-win situation. The President expressed these views during his meeting with a delegation of Qatri royals and businessmen, which led by Chairman of Qatri Business Association Sheikh Faisal bin Qasim Al-Thani met him here.
Finance Minister Ishaq Dar said on Monday that after achieving economic stability, the government''s focus in now on growth and acknowledged the downside risk to the economy is associated with the external balance of payment position. Speaking at an event "Emerging markets in the world economy", the Finance Minister recounted the condition of the economy when he assumed charge of Finance Ministry and the efforts he made to take the country out of economic morass.
The Punjab Planning & Development Department in collaboration with Ministry of Planning, Development & Reforms Pakistan organized a lecture on China Pakistan Economic Corridor (CPEC) at P&D Complex. The lecture session was chaired by Punjab Chairman Planning & Development Muhammad Jahanzeb Khan while Provincial Secretaries, Members P&D Board and other major Government officials attended the session.
Divisional Commissioner Momin Agha has said that Prime Minister's Global Sustainable Development Goals (SDGs) achievement programme would be implemented in Faisalabad division. He was presiding over a meeting of Divisional Implementation and Co-ordination Committee set up for reviewing the progress of the Prime Minister's Global Sustainable Development Goals (SDGs) achievement programme.
Representatives of different markets associations across Karachi, while completely rejecting the allegations against Karachi Chamber of Commerce and Industry (KCCI) by 'so-called' Karachi Tajir Ittehad, termed all these allegations as 'totally baseless' and said that they were, they are and they will remain fully united under the umbrella of Karachi Chamber.
The top bureaucracy of Ministry of Industries and Production (MoI&P) has reportedly paralysed Minister for Industries, Ghulam Murtaza Jatoi by not implementing his instructions. The Minister recently acknowledged his "helplessness" especially in the hands of incumbent bureaucracy of the Ministry referring to his inability to get even a clerk transferred within the Ministry or its attached department.
President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has demanded establishment of a company in the private sector which can take care of branding, packaging and pricing of the textile products to boost exports. While lauding the Prime Minister Nawaz Sharif for considering Rs 200 billion package, Mian Zahid Hussain said that the special package is being considered on the direction of Prime Minister Nawaz Sharif for introducing technological and infrastructural improvements to the external sector as exports are going down continuously.