09262016Mon
Last update: Mon, 26 Sep 2016 06am

Business & Economy

Pakistan - Business & Economy

SBI chief, Turkish CG discuss promotion of trade, investment KARACHI: Chairperson of Sindh Board of Investment (SBI), Naheed Memon, on Thursday called on the Consul General of Turkey, Murat Mustafa Onart at Turkish Consulate here.They discussed matters related to the promotion of trade and business between Pakistan and Turkey.Talking to the Turkish CG, Naheed Memon said most of the offices of big companies of Turkey are located in Karachi and the SBI intends to extend every possible cooperation to these Turkish companies to expand their business.She said a Turkish company `Arcelik' has recently brought US $215 million here which is a reflection of attractive investment opportunities for the Turkish investors in Pakistan.She said solid waste management, transport, road network, housing, environment, health and other sectors including Fast Moving Consumer Goods FMCG) have good investment opportunities in Pakistan.The SBI Chairperson said the tourist sites like Mohenjodaro, Gorakh Hill, Makli, Bhambhore, Chokundi and Keenjhar Lake attract a large number of tourists ...

Pakistan - Business & Economy

Cotton sowing decreases 15.87pc during 2016-17 ISLAMABAD: Senate Standing Committee on National Food Security and Research here on Thursday was informed that domestic cotton sowing was reduced by 15.87 per cent as compared to last year.The committee which met here with Senator Syed Muzafar Hussain Shah was also informed that Sindh province has achieved 96 percent of sowing targets set for the current sowing season.Briefing the committee, Cotton Commissioner, Dr. Khalid Abdullah said that in Punajb cotton crop has been sown ...

Pakistan - Business & Economy

KPCCI President urges Govt to consult business community on tax reforms PESHAWAR: President Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) Zulfiqar Ali Khan Thursday urged the government to take on board and consult business community about tax reforms for promoting industrialization and continuation of economic policies.Addressing participants of 105th National Management Course at National Management College Lahore, he said that the economic policies could yield positive results if the government formulates these policies in consultation with chambers and business communities.He said KP business community and ...

Pakistan - Business & Economy

German Engineering and Motor show to open new vistas of investment KARACHI: The first-ever German Engineering and Motor Show in Karachi will open new vistas for investment.This was stated by the chairperson of the Sindh Board of Investment, Ms. Naheed Memon, on Wednesday while talking to a delegation of German-Pakistan Chamber of Commerce and Industry, led by Ms. Ines Chabbi, who called on her in her office, said a statement on Thursday.The three-day event is proposed to be held in January from 26 to 28, 2017, ...

Pakistan - Business & Economy

Business community eager to promote trade with Iran ISLAMABAD: President of Multan Chamber of Commerce & Industry (MCCI) Fareed Mughis Sheikh urging upon the government to enhance trade with Iran has said that business community from Punjab was eager to promote trade with Iran in sectors like textile and agriculture.In an interview with IRNA, he said that Pakistan can export textile, leather products, rice and agro products, surgical instruments to Iran.He said the Pakistan can also import many necessary items from Iran for ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Four ships M.V Bao Tong, M.T White Furl and M.T Gas Lion carrying coal and LPG were allotted berths at Multi Purpose Terminal, ENGRO Terminal and SSGC Terminal respectively on Wednesday.Meanwhile three more ships C.V Mehun, M.T Svarna Kaeri and M.T Geniue with containers, diesel oil and furnace oil also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was managed at forty seven percent at the port on wednesday where ...

Pakistan - Business & Economy

New automotive policy to attract investment, NA informed ISLAMABAD: Parliamentary Secretary for Industries and Production Rao Muhammad Ajmal Khan Thursday informed the National Assembly that the government has prepared a comprehensive automotive development policy to attract more investment in this sector and ensure quality of locally manufactured vehicles.During the question-hour, he said some investors have already shown interest in the manufacturing of small cars.He said that around 49,348 used cars were imported in the country in last fiscal year 2015-16, adding that under ...