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Last update: Tue, 03 May 2016 09pm

Business & Economy

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Shipping activity remained active at the Port where four ships C.V New Jersey Trader, M.V Malakand, M.T As Olivia and M.T Al-Dasma carrying Containers, Canola Seeds, chemicals and Diesel oil were allotted berths at Qasim International Container Terminal, Grain & Fertilizer Terminal, Engro Vopak Terminal, Engro Vopak Terminal and FOTCO Oil Terminal respectively on Sunday, 17th April-2016.Meanwhile two more ships Al-Rawadah and Lime galaxy with Containers and Chemicals also arrive outer anchorage of Port Qasim during last 24 hours.Berth occupancy was observed at the Port at 53% on Sunday where a total of eight ships namely C.V New Jersey Trader. C.V MSC Tomoko, C.V Huogo Schulte, M.V Crystal Glaxy, M.V Malakand, M.T As Olivia, M.T Al- Dasma and M.T GSW Fighter are currently occupying berths to load/offload Containers, respectively during last 24 hours.Cargo handling operation were carried out efficiently at the Port where a cargo volume of 145,742 tonnes, ...

Pakistan - Business & Economy

US Assistant Secretary praises Pakistan government's economic performance WASHINGTON: Michael Kaplan, Deputy Assistant Secretary of US Treasury Department appreciated the performance of Pakistan's economy during the past three years due to structural reforms carried out by the government.Heading the US Treasury team during a delegation level talks with Pakistani officials led by Finance Secretary Dr. Waqar Masood, the US official commended the government on continuing the structural reforms and expressed the hope that the government will continue to exercise fiscal discipline after the ...

Pakistan - Business & Economy

Government committed to transform Pakistan into knowledge-based economy WASHINGTON: Pakistan was promoting increased global connectivity through a series of initiatives and the government is committed to transform the country into a knowledge-based economy, Finance Secretary Dr. Waqar Masood Khan said.Speaking at an event the "Global Connect Initiative" at the World Bank, Washington, the Finance Secretary reiterated Pakistan's resolve to support the World Summit on Information Society (WSIS), action lines and targets that were set under the agenda for the Sustainable Developments Goals (SDG).The ...

Pakistan - Business & Economy

Govt takes serious notice of stopping Pakistani businessmen at Moscow airports: Senate told ISLAMABAD: Minister for Commerce Engineer Khurram Dastagir Friday informed the Senate that the government had taken serious notice of stopping over 100 Pakistani businessmen at Moscow airports.The Russian ambassador has already regretted on the unfortunate incident. Responding to a Calling Attention notice raised by Mian Muhammad Ateeq about stranding of more than hundred Pakistani businessmen at Moscow airport, he said the Russian Ambassador was also summoned to the Foreign Office and was asked why these ...

Pakistan - Business & Economy

Govt taking steps to bring improvement in cotton industry: Khurram ISLAMABAD: Minister for Commerce Engr Khurram Dastagir Khan Friday told the National Assembly that Pakistan was the 4th largest cotton producing country in the world since 1965 and government was taking steps to bring further improvement in cotton industry.Replying to various questions during question hour, he said that the government was taking steps to avoid forced child labour in cotton industry, adding concrete steps were also being taken to avoid use of pesticides which was ...

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 ...

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 ...