07282016Thu
Last update: Thu, 28 Jul 2016 05am

Business & Economy

Pakistan - Business & Economy

Consumer protection essential for unleashing potential of e- commerce: Khurram ISLAMABAD: Minister for Commerce Engineer Khurram Dastgir Khan on Tuesday said consumer protection is essential to unleash the true potential of e-commerce which is going to be the next big thing in international trade.Addressing the roundtable discussion on `E-Commerce for Development' at the 14th meeting of United Nations Conference on Trade and Development (UNCTAD) in Nairobi, Kenya, said a statement.The minister appreciated the `E-trade for All' initiative of UNCTAD and said that it will provide ample opportunities to the developing nations to catch-up on the nations which are reaping dividends from the widespread use of e-commerce.The initiative will help developing countries in seven policy- areas, including e-commerce assessment, information and communication technology infrastructure, payments, trade logistics, legal and regulatory frameworks, skill development and financing for e-commerce.The minister specially highlighted the deplorable conditions faced by the people of Indian Occupied Kashmir including the inhuman blockades, food shortages, attacks on ambulances and ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Four ship HS Chopin, Al-Safat, White Purl and Rowan-3 carrying Containers,LPG and General cargowere arranged berth at Qasim International Container Terminal, Engro Vopak Terminal and Multi Purpose Terminal respectively on Monday,18.In the meantime Three more ship Glarus, Maersk, Chicago and BW Hawk with Fertilizer containers and Soya bean seeds also got anchored at outer anchorage of Port Qasim.Berth occupancy remained at the port at 47% on Monday where a total of seven berths were ...

Pakistan - Business & Economy

FPCCI for setting of agriculture desk to increase productivity ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Standing Committee Tuesday called for setting up an agriculture desk for formation of policies and their onward submission to government aimed at enhancing income and productivity.Chairman, FPCCI Regional Standing Committee Ahmad Jawad said, it would also increase global competitiveness of Pakistan's agriculture sector.Talking to APP he said, last year, the FPCCI Standing Commitee on Horticulture and Agriculture Produce had sent a detail proposal to ...

Pakistan - Business & Economy

ADB forecasts economic boost in Pakistan in 2016-17 ISLAMABAD: The Asian Development Bank (ADB) has forecast further boost in Pakistan's economic growth during 2016 and 2017 due to high investment in infrastructure, improved security environment and energy supply."In Pakistan, further improvements in energy supply, higher infrastructure investments, and an improved security environment will help push up growth in 2016 and 2017," said an ADP report released on Monday.Growth in Asia and the Pacific's developing economies for 2016 and 2017 will remain solid as ...

Pakistan - Business & Economy

Govt advised to save $2.5bn through intervention in edible oil sector ISLAMABAD: The Islamabad Chamber of Small Traders (ICST) Sunday advised the government to promote edible oil sector through intervention which will help Pakistan save 2.5 billion dollars annually.The Government has announced incentives for the agriculture sector in the budget but the edible oil sector has been ignored, said Shahid Rasheed Butt, Patron Chamber ICST.He said that government's intervention can result in self-sufficiency in edible oil production can help country save 2.5 billion dollars while providing ...

Pakistan - Business & Economy

FBR decides to conduct forensic audit of withholding tax being deducted by cellular companies, banks ISLAMABAD: The Federal Board of Revenue (FBR) has decided to conduct the forensic audit of withholding tax being deducted by various cellular companies on recharge of mobile phone cards and bank account holders, Chairman Federal Board of Revenue (FBR) Nisar Muhammad Khan told PAC on Friday.National Database and Registration Authority (NADRA) representatives told PAC that they are ready to provide required technical help for conducting the Francis audit of the cellular companies.They stressed that transparency ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Two Ships Mehuin and Lion-M carrying Containers and Furnace oil took berths at Qasim International Container Terminal FOTCO Oil Terminal respectively on Thursday.In the meantime another containers ship San Francis also got anchored at outer anchorage of Port Qasim.Berth occupancy was maintained at the port at 47% on Thursday where a total of seven berths were engaged by ships namely C.V Mehuin, C.V Northern Jamboree, M.V Fast, M.V Tai Progress, M.T Bochem singapore, Maran ...