02082016Mon
Last update: Mon, 08 Feb 2016 07pm

Business & Economy

Pakistan - Business & Economy

Weekly inflation falls 0.31pc ISLAMABAD: The weekly inflation for the week ended on February, 04 for the combined income group fell by 0.31 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 216.42 points against 217.09 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).Similarly, as compared to the corresponding week of last year, the SPI for the combined group in the week under review increased by 3.94 percent.The weekly SPI has been computed with base 2007-2008=100, covering 17 urban centers and 53 essential items for all income groups and combined.Meanwhile, the SPI for the lowest income group up to Rs 8000 was decreased by 0.02 percent as it went down from 207.79 points in the previous week to 207.74 points in the week under review.As compared to the last week, the SPI ...

Pakistan - Business & Economy

Juicy seedless kinnow could be Pak identity in foreign markets MULTAN: The cultivation of seedless variety of Kinnow in Punjab would increase its export to Russia, England, USA, Germany and other European countries as no country of the west produces such a variety. Experts said in a statement issued by media liaison unit of Punjab Agriculture department on Monday said that contrary to 20-28 seeds in ordinary kinnow,95 per cent of the kinnow from seedless variety contain only one seed, has 45 per cent more ...

Pakistan - Business & Economy

12 exporters attends World Food Moscow Show to improve trade with Russia: TDAP ISLAMABAD: Trade Development Authority of Pakistan (TDAP) has arranged participation of 12 exporters from agricultural sector in World Food Moscow exhibition to improve volume of trade with Russia.The other objective of the participation was to help exporters introduce and capture Russian market.Sources at TDAP on Friday said the Authority is also arranging participation of 15 exhibitors in International Sports Exhibition in Moscow this year.The sources said to get competitive market access in Russian Federation by ...

Pakistan - Business & Economy

High-end new markets identified, accessed to increase fruits export ISLAMABAD: The government is undertaking various export promotional activities through trade exhibitions, identified and accessed high-end new markets to increase export of Pakistani fruits.The high-end markets are South Korea, Australia, Lebanon, United States (US), Mauritius, Bulgaria, Sweden, Latvia and Ireland.Citing the steps taken by the government to achieve exports target of Pakistani fruits, the sources at Commerce Division on Thursday said Ministry of Commerce under Strategic Trade Policy Framework 2012-15 announced subsidizing 50 percent cost ...

Pakistan - Business & Economy

Pakistan needs to improve its regulations related to agribusiness KARACHI: Pakistan is in urgent need to develop systematic agribusiness laws despite the fact that agriculture sector is the back bone of the economy, said Ahmad Jawad, a seasoned businessman and former Chairman of FPCCI Standing Committee.Commenting on the first edition of World Bank report "Enabling the Business of Agriculture 2016: Comparing Regulatory Good Practices," he said countries where agriculture accounts for less than 25 percent of GDP were found to have better regulatory systems."The ...

Pakistan - Business & Economy

Traders urged to improve tax compliance ISLAMABAD: The economic experts here in a seminar stressed that trade bodies across the country should play their role for improving tax compliance and minimizing informal economy.They urged that educating taxpayers including Small and Medium Enterprises (SMEs) on tax compliance was key to promote tax culture and improve tax revenue.Islamabad Chamber of Commerce and Industry (ICCI) organized a seminar on sales tax on services and inter-provincial harmonization in collaboration with the Association of Chartered Certified ...

Pakistan - Business & Economy

Gems and Jewellery can generate thousands of jobs: Masooma QUETTA: Thousands of news jobs could be generated by promoting business, vocational and designing training pertaining to precious gems and jewellery which would help in resolving unemployment issue in the country including Balochistan province.This was said by Member Balochistan Assembly, Masooma Hayat, Principal Gems and Jewellery Training and Manufacturing Centre Quetta, Bashir Agha and other speakers at NAVTCC Competition 2016 held under Prime Minister Youth Skills and Development Programme at Gems and Jewellery Training and ...