02102016Wed
Last update: Wed, 10 Feb 2016 01am

Business & Economy

Pakistan - Business & Economy

No wheat shortage in Gilgit Baltistan: Senate told ISLAMABAD: Minister for National Food Security and Research Sikandar Hayat Khan Bossan said Wednesday as many as 122570 tons of wheat had been provided to Gilgit Baltistan and there was no shortage of flour in the area. Replying to a calling attention notice given by Senator Mian Muhammad Attiq Shaikh, the minister said in the Upper House that federal government had allocated quota of 1,50000 tons of wheat Gilgit Baltistan each year, adding if the Gilgit Baltistan required more wheat than its quota, the commodity would be provided to it. He said Secretary Food Gilgit Baltistan had informed that few days before there was a flour shortage in the area, but now shortage had been overcome.Meanwhile, Abdul Qayyum presented the report of Standing committee on Overseas Pakistan and Human Resource Development on the bill to further amend the minimum wages for unskilled workers ordinance. Later the House was adjourned to ...

Pakistan - Business & Economy

Chairman FBR for broadening tax net to increase revenues ISLAMABAD: Chairman, Federal Board of Revenue (FBR), Nisar Muhammad Khan has expressed a need to broadening the tax net to increase the revenues for economic stability and growth in the country."We are committed to simplifying tax system by adopting scientific and technical approach to broaden the tax-net," adding, such methods will increase strength of the taxpayers.While addressing a reception arranged by Anjuman-e-Tajran, Islamabad here, he said that tax collection is necessary to manage the imbalance ...

Pakistan - Business & Economy

Korean Companies keen to invest in Pakistan ISLAMABAD: A number of Korean companies working on various projects including Hydel ones and Lowari Tunnel showed keen interest to invest more in Pakistan. Ambassador of The Republic of Korea, Dr Song Jong-hwan said this while addressing a reception hosted by the Pak-Korea Friendship Forum.The Ambassador highlighted the importance of bilateral trade and economic relations between Pakistan and Korea and expressed his resolve to enhance existing cooperation to the maximum level in the coming years.Speaking ...

Pakistan - Business & Economy

Work on short-duration wheat varieties urged MULTAN: Secretary Agriculture Shehar Yar Sultan said that short-duration and low heighted wheat varieties would help to enhance income of farmers and improving wheat yield in the country.In a statement issued here Wednesday, secretary agriculture stated that agriculture scientists contribution for agriculture uplift was praiseworthy.He said that the scientists would be provided with different facilities. Government will offer them scholarships for higher education in abroad with an objective to improve their capacity building further.He urged ...

Pakistan - Business & Economy

CCP holds seminar at Quetta Chamber of Commerce QUETTA: The Competition Commission of Pakistan (CCP) on Tuesday held a seminar at the Quetta Chamber of Commerce and Industry (QCCI) as part of the National Road Show on Competition Law.The seminar was attended by CCP Chairperson Vadiyya Khalil, members Shahzad Ansar and Ikram Ul Haque Qureshi, directors Asfandyar Khattak, Ikram Ul Haque, Noman Laiq, and Umair Javed, QCCI Vice President Samiullah Baloch, members of the executive committee and the business community in large number, ...

Pakistan - Business & Economy

Fisheries Department seeks Rs55mn funds to control illegal fishing at Rawal lake ISLAMABAD: Facing severe problems to effectively control illegal fishing at the Rawal Lake Fisheries Department of Islamabad Capital Territory (ICT) plans to seek Rs55 million from the government in the next fiscal year.Talking to APP, Fisheries Deputy Director Ishtiaq Ahmed said on Tuesday said that lack of staff and required equipment was the main reason behind ongoing illegal netting at the Rawal Lake.To a question about availability of videos of illegal fishing being done on ...

Pakistan - Business & Economy

Pakistan has no industrial safety law, government admits ISLAMABAD: Pakistan has no independent industrial safety law and no timeframe for developing one, the government admitted this week, despite the country's grim history of accidents that have claimed hundreds of lives in recent years."At present, there is no independent legislation on occupational safety and health issues in Pakistan," Human Resource Development Minister Pir Syed Sadaruddin Shah Rashidi told lawmakers at the National Assembly on Monday.Rashidi said two years ago the Supreme Court had directed ...