02122016Fri
Last update: Fri, 12 Feb 2016 04am

Business & Economy

Pakistan - Business & Economy

Steps being taken to attract foreign investment: Jatoi ISLAMABAD: Minister for Industries and Production, Ghulam Murtaza Khan Jatoi here on Thursday said government was taking appropriate steps to attract foreign investment in country.Talking to Ambassador of Japan to Pakistan, Hiroshi Inomata who met with him for paying a farewell call to him, the minister said that government was determined to provide all possible facilities to foreign investors for investing in the country.He said that Bin Qasim Industrial Park would be modernized and made at par with international standards which would help promote the foreign direct investment.The minister also apprised the Ambassador about the steps being taken by the government for sustainable economic development and eliminating terrorism from country.He said due to negligence of past governments, economic growth effected and energy crisis took place which had slow down the pace of national economic growth and development.The Ambassador also discussed ways and means to promote bilateral cooperation beside the promotion ...

Pakistan - Business & Economy

Pak-Qatar agreement on LNG to revitalize economy PESHAWAR: The leaders of business community and politicians of Khyber Pakhtunkhwa here Thursday welcomed signing of multi-billion dollars Liquified Natural Gas (LNG)'s agreement between Pakistan and Qatar and termed it a step forward to address the grave problem of energy shortfall. They termed the LNG deal a landmark achievement of Prime Minister Nawaz Sharif and the Federal Government and said that it would surely revitalize the country's economy besides giving boost to industrial sector, commerce ...

Pakistan - Business & Economy

Services trade deficit dips 31.79pc in Jul-Dec ISLAMABAD: The services trade deficit during first six months (July-December) decreased by 31.79 percent as compared to the same period of last year.The services exports witnessed a decrease of 5.38 percent while the import fell by 14.30 percent during first half of current fiscal year.According to data revealed by Pakistan Bureau of Statistics(PBS), the services trade deficit reduced from $1.491 billion in July-December, 2014-15 to $1.016 billion in same period of current fiscal year.The services ...

Pakistan - Business & Economy

RCCI acknowledges meritorious services of outgoing envoys RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI), while acknowledging the meritorious services of outgoing Ambassadors, including Dean of the Diplomatic Corps and Argentine Ambassador, Rodolfo J. Martin-Saravia who served for twelve years in Pakistan and High Commissioner of Bangladesh Suhrab Hossain who spent six years.RCCI hosted a farewell party in their honor here Wednesday,the newly appointed envoys of different countries also participated. President RCCI Mian Humayun Parvez in his welcome address said Pakistan ...

Pakistan - Business & Economy

Malik Khuda Baksh appointed FPCCI Foreign Investment Committee head KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appointed Malik Khuda Buksh, a senior business leader of the country, as the Chairman of its Standing Committee on "Foreign Investment" for 2016. FPCCI President Abdul Rauf Alam through a communication issued here Wednesday expressed his pleasure to assign an important responsibility to Malik Khuda Baksh and authorised him to select professional and experienced persons as members of the committee. The FPCCI Foreign ...

Pakistan - Business & Economy

Commerce Minister to inaugurate trade fair on March 9 ISLAMABAD: Federal Minister for Commerce Engr. Khurram Dastgir Khan will inaugurate the 15th International Textile Asia Trade Fair to be held at Karachi Expo Centre from March 09 to 11, 2016.The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) is organizing this mega textile trade fair in Karachi in collaboration with Ecommerce Gateway Pakistan, where more than 65,000 trade and corporate visitors are expected to visit during three days.The exhibition is aimed at focusing the ...

Pakistan - Business & Economy

Beef export to UAE fetches US$43.61mn amid 24pc growth ISLAMABAD: The export of beef to United Arab Emirates (UAE) has reached US $ 43.61 million during 2014-15, registering 24 per cent increase as compared to previous year.The beef export to UAE during 2012-13 was US$ 35.1 million and thanks to Market Access Initiatives taken by present government under which a number of accredited Pakistani slaughter houses were increased by 50 per cent since 2013.Currently, 12 Pakistani meat processing/slaughter houses, eligible to export, have been ...