05292016Sun
Last update: Sun, 29 May 2016 12pm

Business & Economy

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Six ships c.V Maersk Denver, C.V MSC Lana, C.V MA CGM Uruguay, M.T Atlantic Glory, m.V KM Tokyo and m.T Bunga Akasia carrying containers, chemicals, soya bean seeds and palm oil were arranged berthing at Qasim international Container Terminal, Engro Vopak Terminal, Grain and Fertilizer Terminal and Liquid Cargo Terminal respectively on Tuesday.Meanwhile two more ships C.V Northern Jamboree and M.V Ikan Bawal with containers and Soya bean seeds also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was observed at the port at 76% on Tuesday where a total of ten ships namely, C.V Maersk Denver, C.V MSC Lana, C.V MA CGM Uruguay, C.V MSC Toronto, C.V Al-Manamah, M.V Adventurer-K, M.V Apollo Bulker, M.V KM Tokyo, M.T Atlantic Glory, M.T Nor Star Intrepid and M.T Bunga Akasia were occupied PQA berths to load/offload containers, cement, soya bean seeds, chemicals, diesel oil and palm oil ...

Pakistan - Business & Economy

Finance Ministry clarifies reports on Ramadan Package ISLAMABAD: The spokesman of the Ministry of Finance has strongly rebuffed some media reports that Ramadan Package has been scaled down. "The package is announced every year before holy month of Ramadan in order to provide relief to the consumers, he said in a statement issued here on Tuesday.The spokesman added that traditionally, a summary on the proposed Ramadan Package is prepared by Ministry of Industries and Production and placed before the Economic Coordination Committee ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Four ships C.V MSC Toronto, C.V Al Manarnah, M.T Nor Star Intrepid and M.T Sea Delta carrying containers and chemicals were allotted berths at Qasim International container Terminal, FOTCO Oil Terminal and Engro Vopak terminal respectively on Monday.Meanwhile three more ships C.V Maersk Denver, M.T Al-Dasma and M.T Liberty-N with containers, diesel oil and LPG also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was observed at the port at ...

Pakistan - Business & Economy

Car production up 30pc, LCVs output increases by 69pc in 3 quarters ISLAMABAD: The production of jeeps and cars witnessed growth of 29.73 percent in production during the first three quarters of the current fiscal year, compared to the corresponding period of last year.As many as 137,688 jeeps and cars were manufactured during July-March (2015-16) compared to the production of 106,135 units during July-March (2014-15), showing a surged of over 39.73 percent, according to the data of Pakistan Bureau of Statistics (PBS).The production of Light Commercial Vehicles ...

Pakistan - Business & Economy

Pakistan Telecommunication Authority approves Mobilink’s merger with Warid Islamabad: The Pakistan Telecommunication Authority (PTA) has today approved the merger of Pakistan Mobile Communication Limited (Mobilink) and Warid Telecom (Private) Limited (Warid). This is yet another milestone in the regulatory process and follows the approval granted in March, 2016 by the Competition Commission of Pakistan. The deal remains subject to further regulatory approvals and other customary closing conditions.Jeffrey Hedberg, President and CEO of Mobilink, said: “We are pleased that the Pakistan Telecommunication Authority has ...

Pakistan - Business & Economy

Dar stresses for enhancing economic cooperation between Pak-Saudi Arab ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar stressed for enhancing economic cooperation between the Pakistan and Saudi Arab with particular emphasis on augmenting bilateral trade.The present government led by Prime Minister Muhammad Nawaz Sharif wishes to further consolidate the brotherly relations and take them to even greater heights, encompassing all important spheres of cooperation, Ishaq Dar said in a meeting with Minister and Advisor, Saudi Royal Court Ahmed Al-Khateeb here on Monday.Finance Minister while welcoming ...

Pakistan - Business & Economy

Market rates of bullion in Multan MULTAN: Following bullion rates were received from markets here on Monday. BULLION (PER 10 GRAM)=====================GOLD TEZABI-24 CT---- 41580.00GOLD 22 CT-------------38010.00SILVER TEZABI------------574.00SILVER THOBI-------------525.00Copyright APP (Associated Press of Pakistan), 2016 ...