12082016Thu
Last update: Thu, 08 Dec 2016 04pm

Business & Economy

Pakistan - Business & Economy

Pakistani traders should export IT products, dry fruits to Japan: ICCI ISLAMABAD: Pakistan has great potential to promote exports of IT products, mangoes, dry fruits and many other products to Japan and Pakistani businessmen should exploit these opportunities for promoting trade with Japan.  This was observed by Masao Otsuka, Japan International Cooperation Agency's Trade Promotion Advisor to Trade Development Authority of Pakistan during his visit to Islamabad Chamber of Commerce and Industry (ICCI) here on Thursday. He said Japan's two million SMEs were looking for import of software products from outside world due to their high cost in local market and Pakistan's IT sector businessmen hold good opportunity to promote export of software products to Japanese SMEs.  He said, Japanese companies were facing shortage of engineers and they were keen to invest in Pakistan, but have some reservations on security situation here.  Pakistan could attract more investment from Japan by setting up specific economic zones, providing secured environment and ensuring uninterrupted power supply to Japanese investors, he added. He said, Pakistani mangoes and dry fruits were quite popular in Japan while negotiations were ...

Pakistan - Business & Economy

Pakistan values relations with Azerbaijan: Khurram Dastgir ISLAMABAD: Federal Minister for Commerce Engineer Khurram Dastagir on Wednesday said Pakistan highly valued its relations with Azerbaijan and was desirous of further strengthening them in various fields. He said next year President of Azerbaijan will visit Pakistan and sign agreements to promote cooperation in different fields. He was speaking at an event to celebrate the 25th anniversary of the Restoration of Independence of Azerbaijan. He said Pakistan was working closely with Azerbaijan on different international forums including United Nations, adding Pakistan highly regarded the ...

Pakistan - Business & Economy

Trade regime with India unchanged despite diplomatic tensions: Khurram ISLAMABAD: Minister for Commerce, Khurram Dastgir Khan told Senate Standing Committee on Textile Industry on Thursday that despite diplomatic tension between Pakistan and India, the trade regime had not been changed by the government. He was speaking in response to the issue raised by Chairman of the committee Senator Mohsin Aziz that a huge quantity of raw cotton had been stopped at the Karachi port. He said the government had not issued any notification in this regard. However he said that the government ...

Pakistan - Business & Economy

FBR extends date for filing returns till December 15 RECORDER REPORTISLAMABAD:The Federal Board of Revenue (FBR) has extended the date for filing of income tax returns and statements for the Tax Year 2016 till December 15, 2016. According to circular number 17 of 2016 issued by the FBR here on Wednesday, in exercise of the powers conferred under Section 214A of the Income Tax Ordinance, 2001, the Federal Board of Revenue has extended the date of filing of Returns/Statements for the Tax Year 2016: The date of filing of returns ...

Pakistan - Business & Economy

Investments to grow at 17.7 percent in FY17 ISLAMABAD: The Investment and Savings Investment is targeted to grow at 17.7 per cent of the Gross Domestic Product (GDP) during the ongoing fiscal year (2016-17) to promote sustained, indigenous and inclusive growth.The fixed investment is expected to grow at 16.1 per cent of the GDP in 2016-17 whereas the national savings, as percentage of the GDP, is targeted at 16.2 per cent, official sources said.The investment under the China Pakistan Economic Corridor (CPEC) is expected to improve the overall investment climate ...

Pakistan - Business & Economy

About 3.76mn pairs of footwear exported in last four months ISLAMABAD: Footwear exports from the country during first four months of the current financial year have registered 1.07 per cent increase as compared to the exports of corresponding period of last fiscal year. According the data of Pakistan Bureau of Statistics, about 3.76 million pair of footwear were exported during from July-October, 2016 against 3.33 million during the same period of last year. During the period under review, the country earned $ 31.427 million by exporting different kinds of footwear as compared ...

Pakistan - Business & Economy

Shipping activity at Port Qasim      KARACHI: Seven ships, C.V Al-Hilal, C.V MSC Lucy, M>T Dong Aris, M.V Talia, M.T Epic Borinquen, M.T Genie carrying containers, palm oil, canola seeds, LPG and furnace oil were arranged berthing at Qasim International Container Terminal, Liquid Cargo Terminal, Grain & Fertilizer Terminal, SSGC LPG Terminal and FOTCO Oil Terminal and FOTCO Oil Terminal respectively on Monday. Meanwhile four more ships CMA CGM Amazon, Maersk Pittsburg, Neve Rigel and BBC Utah with containers, diesel oil and project cargo also arrived at outer anchorage of Port ...