05052016Thu
Last update: Thu, 05 May 2016 02am

Business & Economy

Pakistan - Business & Economy

Khurram attends Antalya International Horticulture Expo 2016 ISLAMABAD: Minister for Commerce, Engineer Khurram Dastgir Khan has represented Pakistan at the Antalya International Horticulture Expo 2016 held at Antalya, Turkey.The expo was organized by the Ministry of Agriculture of Turkey in which nearly 40 countries participated and exhibited their expertise in the horticulture sector, said a press release issued by the Ministry of Commerce here Saturday.Pakistan set up its Horticulture Garden in the Expo in a thematic way which portrayed the cultural diversity in the country along with the Pakistani specialties in the horticulture sector.Pakistani private sector also took lead in the Expo and exhibited the premier quality, taste and nutritional value of Pakistani fruits and vegetables.Different varieties of flowers were also presented which caught the attention of visitors.Speaking on the occasion, Dastgir said horticulture was a traditional agricultural sector of Pakistan which provided livelihood to small farmers.He said Pakistan was bestowed with great diversity in geographical and ...

Pakistan - Business & Economy

Federal, Sindh govts taking constructive steps to promote investment: Ebad KARACHI: Sindh Governor Dr. Ishratul Ebad Khan has said that the Federal and Sindh governments are taking constructive steps for promoting local and foreign investment. Speaking at the 2nd Diplomatic and Foreign Investment Award 2016 ceremony at Governor House here on Saturday, he said that Pakistan, particularly Sindh province, is very attractive and safe for investment.The government is especially providing all possible facilities to foreign investors, he added. The awards ceremony was organised by Diplomatic ...

Pakistan - Business & Economy

FBR directed to discuss budget proposals with stakeholder ISLAMABAD: Finance Minister Mohammad Ishaq has directed the FBR to discuss proposals for budget 2016-17 with stakeholder before these are finalized.The minister chaired a high level meeting at Federal Board of Revenue (FBR) on Friday where he was given a briefing on Pakistan's existing agreements on Avoidance of Double Taxation with different countries.The minister said the agreements needed to be revisited for introducing possible changes and improvements in line with latest international trends.The current profile ...

Pakistan - Business & Economy

Iranian entrepreneurs eager to enhance business with Pakistan: Envoy LAHORE: Iranian Ambassador in Pakistan Mehdi Honardoost has expressed optimism Pak-Iran trade will touch new heights commensurate with their respective potential.Speaking to executive body members of the Lahore Chamber of Commerce and Industry (LCCI) on Friday, he said Iran and Pakistan have some most important achievements from the recent visit of Iranian President Hassan Rouhani to Pakistan which has also started a new era of cordial relations between the two countries."Iran and Pakistan are brother ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Five ships C.V Priority, M.V Jahor Express, M.T Liberty -N, Al-Ghashaniya and M.T Atlantic Glory scheduled to load/offload containers, cement, LPG, LNG and chemicals were berth at Qasim International container Terminals, Multi Purpose Terminal, Sui Southern LPG Terminal, Engro Elengy Terminal and Engro Vopak Terminal respectively on Thursday.Meanwhile two more ships C.V MSC Pamela and M.T Bloge Tanyia with containers and LPG also arrived at outer anchorage of Port Qasim during last 24 hours.Berth ...

Pakistan - Business & Economy

Weekly inflation decreases by 0.19pc ISLAMABAD: The weekly inflation for the week ended on April 21, for the combined income group witnessed decrease of 0.19 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 215.74 points against 216.15 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).However, as compared to the corresponding week of last year, the SPI for ...

Pakistan - Business & Economy

Mobile phone imports increases by 6.25pc this year ISLAMABAD: Mobile phone imports in Pakistan increased by 6.25 percent during current financial year 2015-16 (July-March) as compared to same period of previous year.Total imports of mobile phone stood at US $ 573.282 million while they were US $ 539.581 million in same period last year.According to Pakistan Bureau of Statistics (PBS), the import bill for mobile phones is likely to increase as smartphone adoption in Pakistan is expected to grow due to expanding 3G ...