05052016Thu
Last update: Thu, 05 May 2016 09am

Business & Economy

Pakistan - Business & Economy

Enhancing defence production cooperation between Pakistan-Italy need of hour: Minister ISLAMABAD: Minister for Defence Production Rana Tanveer Hussain on Wednesday highlighted the need to enhance cooperation between Pakistan and Italy in defence production sector and termed it as need of the hour.The minister stated this at a meeting with Mr. Stefano Pontecorvo, Ambassador of Italy. They exchanged views on matters of mutual interest and enhancing cooperation in defence production field.The minister, referring to Pakistan's joining the aeronautic market with introduction of JF-17 Thunder fighters, said Pakistan's defence production is matching international standards."There should be cooperation in the fields of defence production between the two countries." He highlighted the need to strengthen the cooperation.Such cooperation is not new, in 2013 Pakistan and Italy signed a Strategic Engagement Plan (SEP) under which the two countries committed to increase bilateral cooperation particularly in the fields of defence and security.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

CM announces Rs 20 mln for SMIU, 3-day Sindh Hainan Universities forum ends KARACHI: Sindh Chief Minister, Syed Qaim Ali Shah on Wednesday announced Rs 20 million for Sindh Madressatul Islam University (SMIU).The Chief Minister made this announcement while speaking at concluding session of three-day Sindh-Hainan Universities Forum here. The forum was aimed at establishing collaboration between universities of Pakistan especially of Sindh and of China's Hainan province. This would include the exchange of students and faculties. The Chief Minister assured all support to the SMIU, which is ...

Pakistan - Business & Economy

Agri scientists introduce two new sugarcane varieties ISLAMABAD: The agriculture scientists have introduced two new sugarcane varieties for commercial cultivation in Sindh which possess high cane yield and sugar recovery potential.The varieties developed by National Sugar and Tropical Horticulture Research Institute (NSTHRI) Thatta include Thatta-2109 and Thatta-326.Chairman Pakistan Agricultural Research Council (PARC) Dr. Nadeem Amjad congratulated Dr. Abdul Fatah Soomro, Director NSTHRI Thatta and his team for introducing the new sugarcane varieties.Chairing a meeting of scientists here, Amjad said that the new ...

Pakistan - Business & Economy

Market rates of bullion in Multan MULTAN: Following bullion rates were received from markets here on Wednesday, 2016:BULLION (PER 10 GRAM)=====================GOLD TEZABI-24 CT---- 41410.00GOLD 22 CT-------------37860.00SILVER TEZABI------------574.00SILVER THOBI-------------525.00Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

British Business Centre, SEED Ventures sign MoU KARACHI: British Business Centre (BBC) and SEED Ventures have signed a Memorandum of Understanding (MoU) for the development of entrepreneurial landscape between Pakistan and UK.An announcement on Wednesday said that the SEED Ventures, is an enterprise development organisation that works to promote and facilitate entrepreneurship, which will help promote trade, industry, investment and economic relations between the UK and Pakistan.Furthermore, the two entities will work together to develop the enterprise and social enterprise landscape in ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Shipping activity remained active at the Port where ships C.V Maersk Chicago, C.V CMA CGM Thames and M.T Omera Queen carrying Containers and Furnace oil were berthed at Qasim International Container Terminal and FOTCO Oil Terminal respectively on Tuesday.Meanwhile two more ships M.T Wel Beck and M.V Tomini Harmony carrying Containers and Soya bean also arrived at outer anchorage of of Port Qasim during last 24 hours.Berth occupancy was managed at 33% at the ...

Pakistan - Business & Economy

Meat exports surge by 17pc in 3 quarters ISLAMABAD: The exports of meat and meat preparations increased by 16.76 percent during the first three quarters of the current fiscal year compared to the corresponding period of last year.The exports of meat and meat preparation were recorded at $212.788 million during July-March (2015-16) compared to the exports of 182.248 during July-March (2014-15), according to Pakistan Bureau of Statistics (PBS).However, on year-on-year basis, the meat exports from the country decreased by 4.29 percent in March ...