Wednesday, 10 April 2013 13:46
Posted by Parvez Jabri
ISLAMABAD: Imports from neighbouring country India to Pakistan have witnessed increase of 10.7 percent during the first two months of the ongoing fiscal year as compared to the corresponding period of last year.Indian imports into Pakistan during July-August (2012-13) reached to $197.350 million against the imports of $178.355 million during July-August (2011-12), according to official data.The commodities that contributed in positive growth of imports into the country included, cereals and cereal preparations, imports of which ...
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HAMBURG: No shipments have been made of wheat from Pakistan to Iran under a one million tonne barter deal, proposed in March last year and agreed in August 2012, as payment issues are still unresolved, trade sources familiar with the situation said on Friday.An initial consignment of 100,000 tonnes was due to be delivered to Iran in mid-February but has not been shipped to date, traders said."There is still no shipping schedule and it appears no agreement on the deal at an inter-government level," one trade source said.Payment had been agreed for a reduced 35,000 tonnes of Pakistani wheat but this will not be shipped as the contract period has expired, the sources said.The barter deal was to involve Iran exporting fertiliser and iron ore to Pakistan in exchange for wheat. But it has been deadlocked over price and quality.In August 2012, Pakistan agreed a price of $300 per tonne ...
ISLAMABAD: Imports from neighbouring country India to Pakistan have witnessed increase of 10.7 percent during the first two months of the ongoing fiscal year as compared to the corresponding period of last year.Indian imports into Pakistan during July-August (2012-13) reached to $197.350 million against the imports of $178.355 million during July-August (2011-12), according to official data.The commodities that contributed in positive growth of imports into the country included, cereals and cereal preparations, imports of which ...
ISLAMABAD: The fruit exports of the country increased by 1.82 percent during first eight months of current fiscal year (2012-13).The exports of fruits during the period July-February (2012-13) were recorded at $276.159 million against the exports of $271.233 million during same period of last year.According to data of Pakistan Bureau of Statistics (PBS), the fruit exports on month on month basis also increased by 3.02 percent during February 2013 against same period of last year ...
ISLAMABAD: The Employees Old-Age Benefits Institution (EOBI) is ready to invest its funds in electricity generation projects to enhance its revenues and help ease the energy crisis in the country. This was stated by EOBI chairman, Zaffar Iqbal Gondal while addressing business community at Islamabad Chamber of Commerce & Industry (ICCI) here on Tuesday. He said that EOBI was planning to invest in a coal, water and slurry project as coal is available in abundance ...
KARACHI: FPCCI is keen to hold a single country exhibition in Moscow and will send a high level trade delegation there to provide opportunities to Pakistani exporters to expand the volume of the country's exports to Russia.This was stated by President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Ahmed Malik at a meeting with Trade Representative of the Russian Federation, Yury Kozlov.The Russian Trade Representative paid a courtesy call on the President ...
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Haroon Agar has asked the Ambassador of Indonesia to Pakistan, Burhan Muhammad, to help expedite enforcement/ implementation of Preferential Trade Agreement (PTA) between Pakistan and Indonesia.Exchanging views during the visit of Indonesian Ambassador to KCCI, he said that signing of PTA on the occasion of 62nd anniversary of Pak-Indonesia Friendship in the month of February 2012 was a crucial initiative to open a new ...
