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Last update: Wed, 31 Aug 2016 09am

Business & Economy

Pakistan - Business & Economy

Govt urged to encourage investment in livestock sector LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Tuesday urged the government to encourage investment of private sector in livestock that could play a crucial role in economic uplift of the country besides generate huge revenue and employment opportunities.LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed said on the occasion that value of livestock was higher than all the agricultural products including major, minor and fruit and vegetables.They said that a little focus on this important sector and public-private partnership could yield miraculous results, adding that appetite for Pakistani meat was strong in both domestic and export markets. They said that exports of live animals should be marginalised and only meat be exported to get maximum benefits.They said that 15 per cent milk was wasted in transportation, requiring instant remedies, and more chillers on farmlands needed to be established. These could operate through ...

Pakistan - Business & Economy

Car production falls by 3.87 percent in July ISLAMABAD: Car production in the country fell by to 12,491 units in July, 2016 against the production of 12,994 units during same month of previous year showing a decrease of 3.87 per cent.According to latest data released by Pakistan Automotive Manufacturing Association (PAMA), Honda Cars (Civic and City) production in the country increased from 1840 units in July, 2015 to 1955 units in July, 2016.The details show that the production of Suzuki Swift also increased ...

Pakistan - Business & Economy

FPCCI lauds govt for financial policies; attaining macro-economic stability LAHORE: President Federation of Pakistan Chamber of Commerce and Industries (FPCCI), Abdul Rauf Alam Monday lauded the financial policies of the government, saying the country was successfully attaining macro-economic stability.Talking to APP telephonically on Monday, he said that Pakistan Stock Exchange (PSE) during the last week crossed the highest ever mark with 40,000 points benchmark.He said that the growth was hitting record high including re-engagement of international financing institutions which was firmly pursuing the goal ...

Pakistan - Business & Economy

Govt should take steps to stop fall in rice exports ISLAMABAD: President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain Monday expressed concern over falling rice exports terming it damaging for the economy.He said that government should take steps to stop the fall in rice exports as soon as possible otherwise it would have bad impacts on the economy of the state, said a press release here.Rice exports have witnessed a fall of 8.60 percent during financial year of 2016 by fetching 2.035 billion ...

Pakistan - Business & Economy

'Rs 100bn funding starts benefiting farmers' MULTAN: MPA Mehdi Abbas Langah said on Friday that Rs 100 billion funding being pumped into the agriculture sector development in Punjab had started benefitting farmers.He said this at a ceremony at Markaz Hafiz Wala after distribution of soil sampling and pest scouting kits under 'Extension Service 2.0: Farmer Facilitation Through Modernized Extension" here.EDO Agriculture Shafqat Hussain Bhatti, DO Agriculture Extension Chaudhry Naseer Ahmad, DDO Agriculture Rana Arif and other officials besides a large number ...

Pakistan - Business & Economy

Country's industry projected to grow at 7.7pc ISLAMABAD: The Industrial sector of the country is expected to grow at 7.7 percent during the ongoing fiscal year 2016-17 compared to the growth of over 6.4 per cent during the fiscal year 2015-16."In view of its higher growth rate during the current fiscal year (against last year's growth rate), the industrial sector is expected to grow by 7.7 per cent during 2016-17 on the back of better energy supply and planned investment under the ...

Pakistan - Business & Economy

Berths allocated at Port Qasim to ship loaded with seeds, palm oil, chemical KARACHI: Four ships C.V Priority, M.V Sea Pegasus, M.T Ginga Saker and M.Tomson Gas carrying containers, seeds, palm oil and chemicals were allotted berths at Qasim International Container Terminal, grain, fertilizer Terminal, Liquid Cargo Terminal and Engro Vopak Terminal respectively on Thursday.Meanwhile five more ships C.V San Felipe, M.V CMB Adrien, M.T Methane Lydon Volney, M.T Bunga Lavender, M.T Atlantic Glory with containers, rice, LNG and chemical also arrived at outer anchorage of Port Qasim ...