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Business & Economy


Paapam flays change in policy in relation to motorcycle industry  RECORDER REPORT LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has flayed the change in current policy regarding the motorcycle industry and said the plan to allow a new investor to import all motorcycle parts at five percent duty instead of current rate of 15 percent would not only be a negation of previous policies, but it would also encourage producers to bypass local vendors and manufacturers. The Paapam Managing Committee members in a meeting held here on Monday observed that the sector had progressed tremendously due to consistent policy making on part of the government, but the new policy has threatened the industry growth. The Board of Investment’s initiatives to give incentives to a Japanese motorcycle manufacturer’s re-entry in the Pakistani market at five percent rates had shaken the confidence of investors and local manufacturers. It is also worth mentioning that the so called “new entrant” will recover its total ...

ICCI calls for containing power theft ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) urged the government on Monday to check power theft in energy system of the country. Yassar Sakhi Butt, President ICCI stressed in a statement that it is time the Government should have planed a strategy on war-footing basis to check the power theft and corruption in the system which cause loss of billion of rupees yearly and as a result affecting domestic customer as well as industry ...
Shopping from Utility Stores, Sasta bazaars best option to discourage profiteering, hoarding  PESHAWAR: Federal Minister for Communication, Dr Arbab Alamgir Khan said on Monday the government has reduced prices of daily use items at utility stores by giving Rs.2.5 billion subsidy to consumers to provide them maximum relief during the holy month of Ramzanul Mubarak. Talking to people of his constituency here, he mentioned the that government wanted to give maximum relief to the people during Ramzanul Mubarak and Rs.2.5 billion subsidy on commodities at the utility stores ...
Gems, jewellery exports go up ISLAMABAD: The country's exports in jewellery and gems have witnessed positive growth during last fiscal year (2011-12). The jewellery exports grew by 128.77 per cent during the period under review as against the corresponding period of last year. The jewellery exports during the year 2011-12 was recorded at $921.855 million against that of $402.967 million during the year 2010-11, revealed the data of Pakistan Bureau of Statistics (PBS). On month on month basis, the exports of Jewellery increased ...
Poverty and Inequality seminar on Tuesday ISLAMABAD: A one day seminar on `Poverty and Inequality' will be held here on Tuesday, July 24, with an aim to discuss poverty and inequality challenges and policy choices facing Pakistan. The Seminar has been organized by the World Bank (WB), which would bring leading experts to exchange global knowledge and experiences on key policy and development challenges in Pakistan. Among others, senior official from the Ministry of Finance are likely to participate in the day-long moot. The ...
Poultry sector attractive for investment: UVAS VC  LAHORE: Vice Chancellor of the University of Veterinary and Animal Sciences (UVAS) Prof Dr Talat Naseer Pasha has said that poultry sector is the most attractive for investment which has become the second largest industry after textile in the country after having local investment of Rs 300 billion. Talking to APP here Sunday, he said that livestock growth was increasing with 4 per cent, agriculture growth rate was 3.5 percent while the growth rate in poultry ...
Punjab Sales Tax on Services Rules Courier services are liable to ST  RECORDER REPORT ISLAMABAD: The courier services provided by airlines, post offices, railways and road passengers or cargo transport businesses will be liable to sales tax to be collected by Punjab government.  According to the draft of the Punjab Sales Tax on Services (Specific Provisions) Rules, 2012, sales tax shall be payable on every booking (consignment booked) in the territory of Punjab. The rules explained that a person providing courier services only in the Punjab shall get registration ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln