01222017Sun
Last update: Sun, 22 Jan 2017 03pm

Business & Economy

Pakistan - Business & Economy

Pakistan, France need to upgrade bilateral trade, investment ISLAMABAD: With a stable economy, improved security situation and liberal investment regime, Pakistan offered many attractive investment opportunities for French businessmen and companies.This was stated by Ambassador of Pakistan to France Moin ul Haque during his visit to the city of Toulouse, a major commercial and industrial hub and capital of the enlarged Occitanie region, located in South West of France, according to a message received here from Paris on Friday.During his meeting with the President of Chamber of Commerce and Industry in Toulouse, the Ambassador said that it was the right time for French investors to benefit from the existing favourable economic conditions in Pakistan.He invited the members of the Toulouse Chamber and Commerce to visit Pakistan and explore the lucrative market of 200 million people and participate in Pakistan's efforts to upgrade its infrastructures, improve its irrigation and agriculture sectors and develop smart cities.Later, the Ambassador held separate ...

Pakistan - Business & Economy

Rs895.264bn earmarked to facilitate less developed areas ISLAMABAD: Present government during its regime (2013-14 to 2016-17) has allocated a total amount of Rs 895.264 billion to bring less developed areas at par with rest of the country.The less developed areas are identified by provincial governments by using economic data of district in question and state of basic infrastructure and quality of life of the area. This function is performed by the provincial government.Giving year-wise details about allocation of funds, sources at Planning ...

Pakistan - Business & Economy

Chinese consortium purchases 40 pct stake in Pakistan Stock Exchange SHANGHAI: A Chinese-led consortium has purchased a 40 percent stake in the Pakistan Stock Exchange, the Shanghai Stock Exchange said in a statement on Friday.The consortium is made up of the China Financial Futures Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, Pak China Investment Company Ltd and Habib Bank Ltd, according to the online statement.The three Chinese exchanges will have 30 percent of the Pakistan exchange. And the investment will help promote economic and financial ...

Pakistan - Business & Economy

FPCCI launches research report on CPEC KARACHI: Federation of Pakistan Chambers of Commerce and Industry on Wednesday launched a report showing FPCCI's stance on China-Pakistan Economic Corridor; emphasizing that the government should take into confidence private sector of the country on CPEC related developments and decisions."CPEC is basically domain of private sector, not that of government. Private sector should be the main player," said FPCCI's President Abdul Rauf Alam on the occasion while speaking to members of this apex trade body ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Eight ships Maersk Kensington, CMA CGM Thames, Allience Fairfax, Georgia-T Ginga Ocelot, Gemini Gas, Al- Gashamiya and Bahra carrying containers, vehicles, canola seeds, chemicals, LPG, LNG and diesel oil were allotted berths at Qasim International Container Terminal, Multi Purpose Terminal, Grain and Fertilizer Terminal, Engro Vopak Terminal, SSGC LPG Terminal, Engro Elengy Terminal and FOTCO Oil Terminal respectively on Tuesday.Meanwhile five more ships carrying containers, project cargo, diesel oil and furnace oil also arrived ...

Pakistan - Business & Economy

$38.673bn petroleum products imported in last five years ISLAMABAD: The government has imported petroleum products worth $ 38.673 billion during the last five years to meet energy needs of the country, official sources in the Ministry of Petroleum and Natural Resources said.Giving the break-up, they informed APP that petroleum products amounting to $ 9,422 million were imported in the year 2011-12, $ 8,282 million in 2012-13, $ 8,899 million in 2013-14, $ 7,411 million in 2014-15 and $ 4,659 million in 2015-16.Answering a ...

Pakistan - Business & Economy

MoC agrees to support sugar export MUSHTAQ GHUMMANISLAMABAD: Ministry of Commerce (MoC) has reportedly agreed to support export of 225,000 tons of sugar on the recommendation of Sugar Advisory Board (SAB) by March 31, 2017 without any export rebate, well-informed sources told Business Recorder. Commerce Ministry, sources said, has prepared a summary for the Economic Co-ordination Committee (ECC) of the Cabinet in its forthcoming meeting.Pakistan Sugar Mills Association (PSMA) in a letter to Commerce Minister had sought permission to export 0.5 ...