09272016Tue
Last update: Tue, 27 Sep 2016 08pm

Business & Economy

Pakistan - Business & Economy

Fruits export up by 56.99pc, vegetable down by 43.11pc in two months ISLAMABAD: Export of fresh fruits from the country during first two months of current financial year registered an increase of 56.99 percent as compared to the corresponding period of last financial year.About 74,297 metric tons of fresh fruit of different kinds worth US$ 61.586 million were exported during the period from July-August, 2016 as against the exports of same period of last year.The fruit exports from the country during July-August, 2015 were recorded at 49,036 million tons valuing US$ 39.230 million, according the data of Pakistan Bureau of Statistics.However, vegetable exports decreased by 43.11 percent during the period under review and it was recorded at 73,944 metric tons worth US$ 18.849 million as against the exports of 127,810 metric tons valuing US$ 33.131 million of same period of last financial year.In first two-months of current financial year, no quantity of leguminous vegetables (pulses) were export as compared to the same ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Five ships C.V Maersk Stepnica, M.V Favourisation, M.T Liberty-N, M.T Tomson Gas and M.T ridge Bury Rose Mary carrying containers, project cargo, LPG and diesel oil took berths at Qasim International Container Terminal, Multi-purpose Terminal, Engro Vopak Terminal, SSGC Terminal and FOTCO Oil Terminal respectively, on Wednesday.Meanwhile, three more ships C.V CMA CGM Maupassant, M.T Ikan Bawal and M.T Seleine with containers, soya bean seeds and diesel oil also arrived at outer anchorage of ...

Pakistan - Business & Economy

Sukkur-Multan section of motorway to create 10,000 jobs ISLAMABAD: Chinese Deputy Ambassador, Zhao Lijian said on Wednesday that world largest construction company was implementing Sukkur-Multan section of Karachi-Lahore motorway project creating more than 10,000 jobs for local people of Punjab and Sindh provinces.As many as 20 camps had been set up for the staff participating in the construction work of US$ 2.9 billion mega project, he said while speaking at a national conference on CPEC: Macro and Micro Economic Dividends for Pakistan and ...

Pakistan - Business & Economy

ICCI Delegation visits Czech Republic to explore business collaborations ISLAMABAD: A 10-member delegation of Islamabad Chamber of Commerce and Industry led by its President Atif Ikram Sheikh visited Czech Chamber of Commerce and Confederation of Industry of the Czech Republic in Prague to explore possibilities for promoting business collaborations between the two countries.Speaking at the occasion, Atif Ikram Sheikh, President, Islamabad Chamber of Commerce and Industry said that Czech Republic was an important country for Pakistan to get better access to European markets, a ...

Pakistan - Business & Economy

Seafood exports fetch $324mn revenue last year ISLAMABAD: The appropriate trainings and guidance of fishermen on different aspects have resulted increase in seafood exports revenues which reached US $ 324 million during 2015-16.The trainings were aimed at reducing post-harvest losses on board fishing vessels and were imparted on hygiene, deckhand, navigational electronic equipment, HACCP, modern fishing techniques etc.Training of around 2,500 fishermen and fisheries related personnel on different aspects was arranged to bring high quality products which fetch higher price in market.Sources ...

Pakistan - Business & Economy

FTA talks with Korea to start in 1st quarter of next year ISLAMABAD: Minister for Commerce, Engr. Khurram Dastgir Khan said on Wednesday that the Free Trade Agreement (FTA) negotiations between the two countries were likely to commence in the first quarter of the year 2017.Talking to Ambassador of the Republic of Korea Dr. Dong-gu-Suh who called on him here, the minister informed that during his visit to Seoul previous year, both the countries agreed to conduct Research Studies on feasibility of FTA."The studies have been completed ...

Pakistan - Business & Economy

Country expects around 5mn tons sugar production in coming season ISLAMABAD: Due to suitable climate, timely availability of inputs and better crop management, bumper sugar production of around 5 million tons is expected during the coming season of 2016-17.Sugarcane crop was cultivated over 1000 hectare of land to produce about 67 million metric tons of crop during the season to fulfill the local requirements as well as to export, said a senior official in the Agriculture Policy Institute (API), Islamabad.Talking to APP here on Wednesday, ...