04292016Fri
Last update: Fri, 29 Apr 2016 12am

Business & Economy

Pakistan - Business & Economy

Economic ties between Pakistan, Australia to enhance further: NA told ISLAMABAD: Minister for Commerce Engr Khurram Dastagir Khan Friday told the National Assembly the economic ties between Pakistan and Australia would enhance further.Replying to a question, the minister said that both countries were exchanging their delegations in the field of trade and commerce.He told the House that Prime Minister Muhammad Nawaz Sharif would visit Australia soon which would further enhance ties between the two countries.He said Pakistan would enhance its ties with Australia in the field of agriculture, engineering and meat sector. He said Finance ministry was refunding dues of exporters.Khurram said recently Pakistan hosted a textile expo in Karachi in which 400 delegates from 60 countries participated, adding that another expo would be held this year to enhance trade activities. He said that Pakistan was also promoting designing industry as the country has potential in this field.He said that Saudi Arabia has banned shrimp imports from Pakistan and the ...

Pakistan - Business & Economy

Sale of tractors falls 33.18pc in July-March (2015-16) ISLAMABAD: The sale of farm tractors in the country fell by 33.18 percent during first nin months (July-March) of current fiscal year as compared to same period of the year 2014-15.The sale of tractors during correspondng period of the year 2015-16 decreased to 22,169 units as compared to the sale of 33,181 units in July-March, 2014-15.According to latest data released by Pakistan Automobile Manufacturing Association (PAMA), the sale of Fiat tractors decreased from 12,580 units ...

Pakistan - Business & Economy

28 Wheat procurement centers set up in Bahawalpur BAHAWALPUR: As many as 28 wheat procurement centers have been set up in district.According to the sources of Food Department, approximately 277,000 ton wheat would be procured from the district at the rate of Rs. 1300 per mond (40 kilograms).As many as 10 gunny bags would be provided per acre to the growers.Food Department has made arrangements to ensure transparency in procurement of wheat.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

Weekly inflation decreases by 0.23pc ISLAMABAD: The weekly inflation for the week ended on April 14, for the combined income group witnessed decrease of 0.23 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 216.15 points against 216.65 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

About 67.53mn ton sugarcane, 6.8mn ton rice to be produced during Kharif season ISLAMABAD: The government has set a target to produce about 67.535 million tons of sugarcane and 6.8 mln ton rice during current Kharif season (2016-17) to fulfill the domestic requirements as well as to export.The sugarcane would be cultivated over 1.125 million hectares of land across the country during the season, said an official in the Ministry of National Food Security and Research.Talking to APP here on Friday he said the major cash crop of ...

Pakistan - Business & Economy

Govt releases Rs.150mn for Commerce Division projects ISLAMABAD: As many as Rs.150.248 million has been released by the government for various development projects of Commerce Division under Public Sector Development Programme (PSDP) 2015-16.Over all, Rs.875.622 million have been earmarked for the Commerce Division's development projects during the current fiscal year out of their total estimated cost of Rs.3764.183 million.According to break figures of the Ministry of Planning, Development and Reform, the government released Rs.140.514 billion for purchase of equipment, furnishing, curriculum development ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Five ships C.V Maersk Savanan, M.V Baoyue, M.T Rudolf Schulte, M.T Marangas, M.T Okroye carrying containers, general cargo, palm oil, LNG and furnace oil were berthed at Qasim International Container Terminal, Multi Purpose Terminal, Liquid cargo Terminal and FOTCO oil Terminal respectively on Wednesday.Meanwhile four more ships scheduled to load/offload containers, cement and steel also arrived at outer anchorage of Port Qasim during the same day.Berth occupancy was observed at the port at sixty ...