08252016Thu
Last update: Thu, 25 Aug 2016 11pm

Business & Economy

Pakistan - Business & Economy

Govt determined to boost foreign investment, enhance growth rate: Dar ISLAMABAD: Finance Minister, Senator Muhammad Ishaq Dar Wednesday said that the government was determined to increase foreign investment in the country and achieve even higher growth rates during the next two years.He was talking to a delegation of Citigroup, led by CEO Middle East and Africa, Atiq-ur-Rehman, which called on the minister here.Dar asked the Citigroup team to analyze various options to attract investment in the country and thanked the group for its support to Pakistan in overcoming financial difficulties.Earlier, Atiq-ur-Rehman congratulated the Finance Minister on successfully completing the IMF program and leading the country towards an economic turnaround and growth.He said that Pakistan's economy is performing much better than many Middle Eastern and African countries.He also said that Pakistan has become an important country in the emerging markets and the world is developing an appetite for investment opportunities available in Pakistan.Pakistan has shown outstanding performance in all the significant ...

Pakistan - Business & Economy

Ministry asked to break up monopoly of car assemblers By: MUSHTAQ GHUMMANA parliamentary panel on Tuesday directed the Ministry of Industries and Production (MoI&P) to break up "monopoly" of local car assemblers, end "own" money and submit their agreements along with reasons for not running plants at full capacity. This was the crux of a meeting of the parliamentary panel presided over by Senator Hidayatullah Khan.Secretary Industries and Production, Khyzer Hayat Gondal said that there are issues relating to compliance of measures since implementation ...

Pakistan - Business & Economy

Govt urged to encourage investment in livestock sector LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Tuesday urged the government to encourage investment of private sector in livestock that could play a crucial role in economic uplift of the country besides generate huge revenue and employment opportunities.LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed said on the occasion that value of livestock was higher than all the agricultural products including major, minor and fruit and vegetables.They ...

Pakistan - Business & Economy

Car production falls by 3.87 percent in July ISLAMABAD: Car production in the country fell by to 12,491 units in July, 2016 against the production of 12,994 units during same month of previous year showing a decrease of 3.87 per cent.According to latest data released by Pakistan Automotive Manufacturing Association (PAMA), Honda Cars (Civic and City) production in the country increased from 1840 units in July, 2015 to 1955 units in July, 2016.The details show that the production of Suzuki Swift also increased ...

Pakistan - Business & Economy

FPCCI lauds govt for financial policies; attaining macro-economic stability LAHORE: President Federation of Pakistan Chamber of Commerce and Industries (FPCCI), Abdul Rauf Alam Monday lauded the financial policies of the government, saying the country was successfully attaining macro-economic stability.Talking to APP telephonically on Monday, he said that Pakistan Stock Exchange (PSE) during the last week crossed the highest ever mark with 40,000 points benchmark.He said that the growth was hitting record high including re-engagement of international financing institutions which was firmly pursuing the goal ...

Pakistan - Business & Economy

Govt should take steps to stop fall in rice exports ISLAMABAD: President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain Monday expressed concern over falling rice exports terming it damaging for the economy.He said that government should take steps to stop the fall in rice exports as soon as possible otherwise it would have bad impacts on the economy of the state, said a press release here.Rice exports have witnessed a fall of 8.60 percent during financial year of 2016 by fetching 2.035 billion ...

Pakistan - Business & Economy

'Rs 100bn funding starts benefiting farmers' MULTAN: MPA Mehdi Abbas Langah said on Friday that Rs 100 billion funding being pumped into the agriculture sector development in Punjab had started benefitting farmers.He said this at a ceremony at Markaz Hafiz Wala after distribution of soil sampling and pest scouting kits under 'Extension Service 2.0: Farmer Facilitation Through Modernized Extension" here.EDO Agriculture Shafqat Hussain Bhatti, DO Agriculture Extension Chaudhry Naseer Ahmad, DDO Agriculture Rana Arif and other officials besides a large number ...