01192017Thu
Last update: Thu, 19 Jan 2017 05am

Business & Economy

Pakistan - Business & Economy

Pakistan, Malaysia working to reduce duties on tariff lines ISLAMABAD: Pakistan and Malaysia are negotiating to further reduce duties on existing and additional tariff lines under Free Trade Agreement (FTA) to facilitate businesses of both countries, High Commissioner of Pakistan in Malaysia, Syed Hassan Raza said.According to press statement received here, he was addressing a seminar held in Kuala Lumpur on "Doing Business with Pakistan", jointly organized by Malaysia External Trade Development Corporation (MATRADE) and High Commission of Pakistan Malaysia.Over 200 Malaysian companies and Pakistani businessmen attended the seminar.The High Commissioner highlighted the investment opportunities and trade potential in Pakistan and informed the participants that there were numerous opportunities for the companies in both countries, having FTA since 2008.Current trading basket by both countries is limited to Palm oil, fibre board, rubber electrical and electronic equipment from Malaysia while from Pakistan main items being exported are rice, maize, cotton, textile, vegetables. Diversification of products was the key to boost ...

Pakistan - Business & Economy

Netherlands wants to enhance trade relations with Pakistan RAWALPINDI: Netherlands wants to enhance bilateral trade with Pakistan and also keen to invest with the country, said Netherland envoy Jeannette Seppen during her visit to Rawalpindi Chamber of Commerce and Industry (RCCI) here Thursday.The Ambassador said her country is fully aware of the problems being faced by Pakistan regarding business and her country was ready to assist Pakistan in agri-based projects, live stock , renewable and alternate energy resources like wind, solar and bio ...

Pakistan - Business & Economy

Bullion Prices on Thursday KARACHI: Following were the Bullion Prices in Karachi and Multan on Thursday.KARACHI: (per 10 gram) Gold Tezabi 24 CT Rs. 42685.00Silver Tezabi Rs. 642.85 MULTAN: (per 10 gram)Gold Tezabi 24 CT Rs. 42180.00GOLD 22 CT Rs. 38560.00Silver Tezabi Rs. 651.00Silver Thobi Rs. 597.00Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

Livestock, dairy demand to go up with CPEC completion LAHORE: Punjab Governor Malik Muhammad Rafique Rajwana said on Thursday that demand for livestock and dairy products would increase with the completion of China-Pakistan Economic Corridor (CPEC).He said this while speaking as guest of honour at the 8th convocation of the University of Veterinary and Animal Sciences (UVAS) Lahore at the city campus.The Governor said that unemployment was no problem in this sector. He called upon student to work hard as the future of the ...

Pakistan - Business & Economy

FBR to address genuine grievances of business community LAHORE: Chairman Federal Board of Revenue (FBR) Nisar Muhammad Khan has said that genuine grievances of the business community would be addressed once the budget proposals of the Lahore Chamber of Commerce & Industry are received.He was talking to the LCCI delegation, led by its President Abdul Basit on Thursday.The FBR chairman said that no one else could be interested in the development of trade and industry than the Federal Board of Revenue as if ...

Pakistan - Business & Economy

Steps demanded to boost worker remittances ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday said country is paying half of the import bill through remittances therefore this sector should be given extra attention.Overseas remittances play a very important role in boosting forex reserve and balancing trade deficit therefore steps must be taken to ensure its continued flow, said Abdul Rauf Alam, President FPCCI in a statement issued here.Abdul Rauf Alam said that government should ensure growth ...

Pakistan - Business & Economy

Govt bans import of old auto parts ISLAMABAD: Minister of State Engineer Muhammad Baligh ur Rahman on Thursday told in the Senate that import of old and used auto parts including serviceable auto parts imported as steel scrap is banned in terms of IPO 2016.Similarly, he said, chassis of used auto motive vehicles cut into pieces whether or not described as steel scrap is also banned for import into the country.Replying to a question, he said that in wake of above restriction ...