Business & Economy
Thursday, 29 September 2011 16:22
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BADIN: Crops of worth Rs. 20 billion have been destroyed due to recent rains in Badin District. This was stated by the Speaker of National Assembly, Dr. Fehmida Mirza.
Talking to reporters at DCO Office here on Thursday, she said that damage to government buildings as well as roads was to the tune of Rs. 12 billion.
NA Speaker was of the view that Badin needs Rs. 40 billion to make good the losses.
She pointed out that recent rains caused a great deal of devastation in Badin District and that the federal and provincial government with the help of the foreign aid, trying to face this challenge.
Dr. Fehmida Mirza said that besides rains, the Left Bank Outfall Drain (LBOD) and storm water drains also caused destruction in Badin.
She further pointed out that 55 people lost their lives due to the rains.
NA Speaker said that the government is taking steps for extending financial ...
WASHINGTON: Obama Administration stressed need to extend Afghanistan- Pakistan transit trade agreement to India, asserting this will transform economic dynamics of the region.
"Opening transit trade to India would be transformative, as it is going to be important economic anchor for the region in 21st century," Assistant Secretary of State for South & Central Asia Robert Blake said. "India and Pakistan commerce secretaries have been engaged in important talks over last many months to try to ...
ISLAMABAD: The EU has welcomed the outcome of the bilateral trade talks between India and Pakistan. It is very positive that India has decided to withdraw the objections to the World Trade Organisation waiver (WTO) sought by the EU for granting duty free access for certain goods from Pakistan to the EU market.
The Head of the European Union Delegation to Pakistan, Ambassador Lars-Gunnar Wigemark, said that the decision was also relevant in light of the ...
Mumbai: Pakistan and India Wednesday agreed to ‘normalise’ their economic relations, setting an ambitious target of more than doubling bilateral trade to $6 billion within three years. Pakistan has also agreed to implement all the obligations under the South Asian Free Trade Area (SAFTA) Agreement,-meeting long standing demands from India.
The two nations, with commercial engagement of only $2.7 billion, ‘agreed to jointly work to more than double bilateral trade within three years ...
ISLAMABAD: President Asif Ali Zardari on Wednesday directed speeding up distribution of share certificates among employees of state-owned enterprises as well as floating infrastructure bonds.
The President issued the directive while chairing a meeting on Benazir Employees Stock Option Scheme (BESOS) here at Aiwan-e-Sadr during which he also announced to distribute with his own hands unit certificates to the employees of PPL and KAPCO on October 3 at a special ceremony in the Presidency.Empowering the workers ...
KARACHI: A delegation of Reserve Bank of India (RBI) will visit Pakistan in the first half of October to discuss the modalities for opening of bank branches in India and Pakistan on reciprocal basis.
This was stated by Deputy Governor, RBI, Dr Subir Vithal Gokaran, during his meeting with Commerce Minister Makdoom Amin Fahim in Mumbai.
The Minister is leading 60-member delegation of top exporters on the invitation of his Indian counterpart Anand Sharma.
According to the information ...
MIRPURKHAS: Monsoon floods that sunk Pakistan's arable belt for a second year running have piled economic woes on top of a humanitarian catastrophe facing up to eight million people in the south.
Crops of grain, cotton, sugarcane, fruit and vegetables have been submerged, clocking up nearly $2 billion in farming losses, and experts say the disaster could worsen the country's already dismal growth and inflation prospects.
The UN's Food and Agriculture Organisation (FAO) estimates that nearly three ...
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