01192017Thu
Last update: Thu, 19 Jan 2017 01pm

Business & Economy

Pakistan - Business & Economy

American companies determined to invest in Pakistan ISLAMABAD: Over 78 percent of US investors has said that they plan to invest in Pakistan over the next 12 months in light of improving law and order situation, among other factors.A survey conducted by the American Business Council shows that over 78 percent of respondents have indicated that they plan to invest in Pakistan over the next 12 months as compared to 65 percent in 2015, and 83 percent are optimistic about the long-term economic climate, VOA reported.The majority of the participants rated the business climate of Pakistan in 2015-16 as satisfactory.Participants were asked to rate on factors including economic and political factors and performance of industries and businesses in the country in the last two years.Copyright APP (Associated Press of Pakistan), 2017 ...

Pakistan - Business & Economy

FDI reaches $1.08bn in 1st half ISLAMABAD: Foreign Direct Investment (FDI) during the first half of the current fiscal year increased by 10.4 percent compared to the corresponding period of last year.The FDI during July-December (2016-17) was recorded at US$1.080 million compared to the investment of US$978.5 million during July-December (2017-18), according to the latest data of State Bank of Pakistan (SBP).In absolute terms there has been an increase of US$102 million in FDI during the first six months of the ...

Pakistan - Business & Economy

Pakistan among fastest growing e-commerce markets: eBay CEO ISLAMABAD: Chief Executive Officer of eBay, an American Inc and e-commerce company, has termed Pakistan among the fastest growing e-commerce markets in the world.In a Facebook Live session on the page of the World Economic Forum (WEF), Wenig was asked a question regarding his thoughts on Pakistan and emerging markets."It's the fastest growing markets we have around the world. Anywhere where wealth is growing and technology is being adopted, e-commerce is being adopted like crazy," ...

Pakistan - Business & Economy

Govt charging zero sales tax on Light Diesel, Kerosene oil: Dar ISLAMABAD: Minister for Finance, Revenue and Economic Affairs, Muhammad Ishaq Dar on Monday said the government is charging zero sales tax on light diesel oil and kerosene oil to provide relief to poor consumers. In a statement in the Senate, the minister said, the government had waived off Rs 13.55 per liter sales tax on light diesel and Rs 14 per liter on kerosene oil that was being charged by the previous government. The minister ...

Pakistan - Business & Economy

Platts launches Middle East LNG price marker as region's demand grows SINGAPORE: Commodity pricing agency S&P Global Platts will begin assessing prices for liquefied natural gas (LNG) delivered to the Middle East and Pakistan, reflecting growing imports into a region better known as an exporter, the company said on Monday. Demand for LNG in Dubai, Egypt, Jordan, Kuwait and Pakistan has grown close to tenfold since 2010 to 20.8 million tonnes per annum in 2016, with Egypt taking about one-third of those imports, according to Platts, ...

Pakistan - Business & Economy

Dar reviews FBR's 6-month performance ISLAMABAD: Minister for Finance, Senator Mohammad Ishaq Dar Friday chaired a meeting to review the six-month performance of Federal Board of Revenue (FBR) for the period July- December of the financial year 2016-17.Briefing finance minister, Chairman FBR Nisar Muhammad Khan said the FBR had collected more than Rs 1,467 billion in the first half of the financial year 2016-17 as compared to Rs 1,370.9 billion during the corresponding period in the financial year 2015-16, reflecting ...

Pakistan - Business & Economy

LPG production reaches 1.918mmt, imports 0.840mmt, sales 2.559mmt ISLAMABAD: The Liquefied Petroleum Gas (LPG) sector witnessed multi-fold growth during the past three years as its production crossed 1.918 million metric tonns (mmt) figure, imports reached 0.840 mmt and its sales were recorded at 2.559 mmt, Chairman, LPG Distributors Association Irfan Khokhar said Friday."Due to effective strategy of the current government, price and availability of the commodity remained better as compared to previous years, but there is a need to further streamline matters especially ...