09272016Tue
Last update: Tue, 27 Sep 2016 12am

Business & Economy

Pakistan - Business & Economy

Overseas Pakistanis backbone of national economy ISLAMABAD: Minister for Defence Production Rana Tanveer Hussain Tuesday highlighted importance of overseas Pakistanis and declared them the backbone of national economy.Addressing the representatives of Pakistanis based in Cape Town, South Africa, he said Pakistan Muslim League-Nawaz (PML-N) government had accorded top most priority to the welfare of all Pakistanis living abroad.According to a press release issued here, the minister said that remittances received from Pakistanis residing in South Africa was playing an important role in strengthening the national economy.He reiterated that the government had taken various steps for the future of Pakistan.He said the economy suffered great loss due to energy crisis, the menace of terrorism and situation in Karachi, but "now by the grace of Allah Almighty we have successfully tackled these challenges".The Operation Zarb-e-Azb, he said, had been helpful in combating terrorism in Federally Administered Tribal Areas, adding that the whole nation was united and it supported ...

Pakistan - Business & Economy

Services sector exports decline 53.34pc in July ISLAMABAD: The exports of services from the country declined by 53.34 per cent during July, 2016 as compared to same period of the preceding year.The services exports went down to $327.15 million in July 2016 from $701.21 million in July 2015, a latest data issued by Pakistan Bureau of Statistics (PBS) said.Likewise the imports of services during the period under review also decreased by 4.96 percent.The imports in July, 2016 were recorded at 617.50 million ...

Pakistan - Business & Economy

President FPCCI urges need to complete IP at earliest ISLAMABAD: President of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Abdul Rauf Alam has urged the government to construct its portion of 785 km of Iran-Pakistan (IP) pipeline as soon as possible.In an interview IRNA, he said that completion of the project would help boosting bilateral trade volume which is currently very low between the two capitals.Things between Iran and Pakistan were moving in a right direction and law and order situation ...

Pakistan - Business & Economy

Measures on cards to enhance chili exports upto US$47mn ISLAMABAD: Minister for National Food Security and Research (MNFS&R) Sikandar Hayat Khan Bosan has said that government was taking measures for harnessing chili export potential of 90,000 tons valuing US$ 47 million per annum.Addressing a seminar on 'export potential of chilies', he said chili trade plays an important role in the local economy as Pakistan was among the five most chili-producing countries of the world and was one of the most prominent exporters, said a ...

Pakistan - Business & Economy

Newly elected President ICCI vows for resolving key issues of business community ISLAMABAD: The newly elected President Islamabad Chamber of Commerce and Industry (ICCI) Khalid Iqbal Malik Tuesday said that he would work hard for resolving the key issues of business community.He said the liaison with market unions and industrial areas would be further strengthened so that issues of trade and industry could be taken up with relevant authorities for redress, said a statement issued here.He said he would try to take on board the small and ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Four ships C.V Jazan, C.V MSC Paris, C.V MSC Lucy and M.T Umm Bab carrying containers and LNG were berthed at Port Qasim International Container Terminal and Engro Elengy Terminal respectively, on Monday.Meanwhile, three more ships Maersk Harford, Gas Lion and Favourisation carrying containers, LNG and general cargo also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupency remained on high side seventy three percent at the port on Monday where ...

Pakistan - Business & Economy

Innovation vital to promote meat exports ISLAMABAD: Minister for National Food Security and Research Sikandar Hayat Khan Bosan Monday said innovation was vital to promote meat exports.Addressing a seminar on "use of innovative technologies for promoting meat exports" he said measures would be taken to facilitate the local meat industry to enhance meat exports from the country as the local meat industry was facing many challenges including quality, competitiveness and standards in local as well as international markets.He appreciated the role ...