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Last update: Tue, 03 May 2016 04am

Business & Economy

Pakistan - Business & Economy

Plea to focus on energy sector, higher direct taxes, lower indirect taxes in next budget ISLAMABAD: Investment in energy sector, higher share of direct taxes and lower slab of indirect taxes, ought to be fucussed in upcoming budget for attaining key economic targets during fiscal year 2016-17.Islamabad Industrial Area Association (IIAA) President Faridon Khattak on Sunday expressed the optimism that industries would be facilitated to the maximum in the next Federal Budget. He said that the government should pay heed to industries and exports as country has the resources it needed to improve the economic conditions through these sectors. He said export sector plays an important role in the economic uplift of a country. He of the view that rules, regulations and procedures for export-oriented sectors should be made easier so that significant improvement of business and economic sectors, could be ensured in the country. He said in order to bridge the gap between demand and supply of energy, maximum funds be allocated for construction ...

Pakistan - Business & Economy

RCCI to hold Rawal Expo on May, 13 RAWALPINDI: Rawalpindi Chamber of Commerce and Industry (RCCI) will hold a three-day Industrial Exhibition "Rawal Expo" in the second week of May here at Ayub Park. Industrial products, garments, leather products and furniture will be displayed on the occasion. Food Court, Children playing area and Pet show will also be organized to attract and entertain families and children. This was stated by the President RCCI Hamayun Pervez here talking to APP on Sunday. Rawal Expo ...

Pakistan - Business & Economy

Share of smartphones in devices import touches 30pc mark ISLAMABAD: Smartphones have registered around 30 percent share in overall cellular mobile devices imported in the country during last year which was only 7 percent in 2012.In next two years, smartphones are expected to cross 55% of mobile phone imports in Pakistan as their adoption is expected to grow further due to expanding 3G and 4G networks.A report issued by Pakistan Telecommunication Authority (PTA) revealed that smartphone has become a major source for innovation and ...

Pakistan - Business & Economy

Qaim enhances Shuhada compensation from to Rs 6 m KARACHI: Sindh Chief Minister Syed Qaim Ali Shah on Saturday decided to enhance the amount of Shuhda compensation from Rs 2 million to Rs 6 million."Life is priceless but it is our humble effort to extend financial help to the heirs of our brave policemen who embrace martyrdom for the sake of their country and its people," he said presiding over a meeting to decide the matters of recruitment in police and compensation here at ...

Pakistan - Business & Economy

Khurram attends Antalya International Horticulture Expo 2016 ISLAMABAD: Minister for Commerce, Engineer Khurram Dastgir Khan has represented Pakistan at the Antalya International Horticulture Expo 2016 held at Antalya, Turkey.The expo was organized by the Ministry of Agriculture of Turkey in which nearly 40 countries participated and exhibited their expertise in the horticulture sector, said a press release issued by the Ministry of Commerce here Saturday.Pakistan set up its Horticulture Garden in the Expo in a thematic way which portrayed the cultural diversity ...

Pakistan - Business & Economy

Federal, Sindh govts taking constructive steps to promote investment: Ebad KARACHI: Sindh Governor Dr. Ishratul Ebad Khan has said that the Federal and Sindh governments are taking constructive steps for promoting local and foreign investment. Speaking at the 2nd Diplomatic and Foreign Investment Award 2016 ceremony at Governor House here on Saturday, he said that Pakistan, particularly Sindh province, is very attractive and safe for investment.The government is especially providing all possible facilities to foreign investors, he added. The awards ceremony was organised by Diplomatic ...

Pakistan - Business & Economy

FBR directed to discuss budget proposals with stakeholder ISLAMABAD: Finance Minister Mohammad Ishaq has directed the FBR to discuss proposals for budget 2016-17 with stakeholder before these are finalized.The minister chaired a high level meeting at Federal Board of Revenue (FBR) on Friday where he was given a briefing on Pakistan's existing agreements on Avoidance of Double Taxation with different countries.The minister said the agreements needed to be revisited for introducing possible changes and improvements in line with latest international trends.The current profile ...