12042016Sun
Last update: Sun, 04 Dec 2016 07pm

Business & Economy

Pakistan - Business & Economy

Bullion Prices on Saturday KARACHI: Following were the Bullion Prices in Karachi and Hyderabad on Saturday. KARACHI: (per 10 gram)            Gold Tezabi 24 CT        Rs.  42257.00Silver Tezabi            Rs.    634.28        HYDERABAD:  (per 10 gram)Gold 24 CT               Rs.  42265.00Gold 22 CT               Rs.  38745.00Silver                   Rs.    638.65  Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

Over 9.7mn cotton bales reach ginneries across Pakistan MULTAN: Seed cotton (Phutti) 9,778,451  bales have reached ginneries across Pakistan till Dec 1, 2016,  registering increase of 13.28 per cent compared to  corresponding period of the last year.According to a fortnightly report of the Pakistan Cotton  Ginners Association (PCGA) issued here, out of total arrivals,  Phutti equivalent to 8,900,666 bales have undergone the  ginning process till December 1. However, the process of  ginning is in progress also.The Trading Corporation of Pakistan (TCP) has not started purchase of cotton so far. However, exporters purchased 184,944 ...

Pakistan - Business & Economy

BOI to hold Pak-Italy Business Investment Forum on Dec 6 ISLAMABAD: Board of Investment (BOI) is organizing a Pakistan-Italy Investment Business Forum here at a local hotel on December 6. BOI sources said that in this connection, Deputy Minister for Economic Italy along with a high level business delegation to visit Pakistan. During the forum both the countries would discuss ways and means for further enhancing investment and trade relations between the two countries. Both the sides during the forum are also likely to ink memorandum of understanding for collaboration between the private sector of ...

Pakistan - Business & Economy

Two development schemes of Rs 123.04 mn approved LAHORE: The Punjab Provincial Development Working Party on Friday approved two development schemes of urban development and mines and mineral sectors with an estimated cost of Rs 123.04 million. These schemes were approved in the 35th meeting of Provincial Development Working Party (PDWP) of current fiscal year 2016-17. Provincial Secretary P&D Iftikhar Ali Sahoo, Members of the Planning & Development Board, Provincial Secretaries concerned and other senior representatives of the provincial departments also attended the meeting.  The approved development schemes included: Urban Development scheme of Feasibility Study ...

Pakistan - Business & Economy

Food trade faring well in global trade ISLAMABAD: Pakistan's food exports are faring well in the global food trade, when compared with the overall share of Pakistani exports in the global trade.  The size of global food export in 2014 was US$ 1486 billion whereas the Pakistan's exports of food items in 2015-16 stood US$ 3.4 billion.  "Pakistan's share in the global market of food products was 0.22%, which is better than Pakistan's share in overall global trade i.e. 0.14%," official source said.  The major sub-sectors in food sector are ...

Pakistan - Business & Economy

Spain eager to expand trade volume with Pakistan ISLAMABAD: Ambassador of Spain, Carlos Morales has said that Pakistan is developing at a fast pace which is being welcomed around the world. Expressing satisfaction over improved law and order situation, he said, it has helped economic stability in Pakistan. He said, Pakistan is attracting huge investment and there are bright opportunities for both the countries to strengthen their mutual trade and economic relationship. Spain is eager to expand trade volume with Pakistan and cooperate in transfer of technology, he said while speaking to the business community at ...

Pakistan - Business & Economy

NGOs and NPOs: SECP introduces new provision for issuance of licences SOHAIL SARFRAZISLAMABAD: The Securities and Exchange Communion of Pakistan (SECP) has introduced a new provision in the Companies Ordinance 2016 in line with the National Action Plan for issuance of licences to charitable and not-for-profit associations, which are not involved in activities against the laws, public order, security, sovereignty and national interests of Pakistan. Sources told Business Recorder here on Thursday that the SECP has also prescribed grounds for the revocation of licences of charitable and not-for-profit associations. Under the new provision, licence should ...