Last update: Thu, 25 Aug 2016 02pm

Business and Economy: Pakistan


Sindh Board of Investment (SBI) and Swiss Business Council of Pakistan on Wednesday discussed investment opportunities in Sindh province. According to details, Chairperson, Sindh Board of Investment Naheed Memon while briefing the representatives of Swiss Business Council of Pakistan at her office said that investment opportunities were available in agriculture, transport, science and technology, health, tourism, etc sectors in Sindh. On this occasion representatives of Swiss Business Council of Pakistan obtained necessary information about incentives for the investors. Swiss Deputy Head of Mission Islamabad, Roger M Kull also attended the meeting.
Levent Cakiroglu, CEO, KOC Holding, Turkey along with 5-member delegation visited Board of Investment and met with Minister of State/Chairman, BOI Dr Miftah Ismail and Azahr Ali Chaudhary, Secretary, BOI. The Chairman welcomed the delegation and highlighted the investment opportunities available in different sectors of the economy ie automobile, food & food processing, energy, power, LNG, dairy products & live stock for Turkey investment in Pakistan.
Prime Minister Nawaz Sharif on Wednesday said the federal government was determined to carry out massive infrastructure development and welfare projects in Balochistan for improving the standard of living of the residents of the province. The province of Balochistan would reap maximum benefits of CPEC, the Prime Minister said while talking to Chief Minister Balochistan Sardar Sanaullah Zehri who called on him at the PM House here.
The Provincial Development Working Party (PDWP) Khyber Pakhtunkhwa held its meeting under the Chairmanship of Muhammad Azam Khan, Additional Chief Secretary Khyber Pakhtunkhwa on Wednesday. The meeting was attended by its members and respective administrative Secretaries.
Small and Medium Enterprise Development Authority (SMEDA) has saved the football industry of Sialkot from losing its share in the international market by setting up Sports Industries Development Centre (SIDC). The SIDC, a project of SMEDA, was established at the cost of Rs 436 million with the active support of the federal government. The SIDC was successfully functioning and catering the needs of the local business community engaged with sports goods industry.
National Assembly Standing Committee on Commerce on Wednesday ruthlessly grilled top brass of Commerce Ministry and its attached departments for allegedly adopting anti-export policies and posting ineligible officers in top positions. Presided over by Siraj Muhammad Khan, the committee en bloc maintained that the Ministry and its attached departments have failed to perform. Accusations of corruption were also hurled on incumbent Director General Trade Organisations (DGTO).
Chief Collector Customs Enforcement South, Muhammad Zahid Khokhar has claimed that for the first time in the history of the country smuggling has been cut down to the lowest level. Addressing members of Korangi Association of Trade and Industry (KATI), Khokhar said that smuggling of diesel is narrowed to almost zero with the help of Law Enforcement Agencies (LEA).