12072016Wed
Last update: Wed, 07 Dec 2016 07pm

Business & Economy

Pakistan - Business & Economy

Khurram Dastgir likely to inaugurate 'Interiors' exhibition on Nov 25 ISLAMABAD: Federal Commerce Minister Khurram Dastgir Khan is likely to inaugurate the 3-day "6th Interiors Pakistan" mega exhibition organized by Pakistan Furniture Council (PFC) on November 25 at Expo Centre, Lahore.The essence of this mega furniture exhibition is to promote the furniture and associated products made in Pakistan at local and international level.The mega event will be attended by members of the diplomatic corps, leading businessmen, stakeholders of the furniture industry and foreign delegations and in this regard delegations from China, Italy, United Kingdom, Turkey, Hong Kong, Thailand and, Bangkok have confirmed their participation while delegations from other countries are also expected.Chief Executive PFC Mian Kashif Ashfaq in a statement on Thursday said the council was expecting more than 50 leading local companies and interior designers to display their products while as many as 200,000 to 250,000 visitors to visit this mega exhibition.Visitors on the lookout for buying furniture will ...

Pakistan - Business & Economy

Italian Envoy meets chairperson SBI KARACHI: Ambassador of Italy in Pakistan, Stefano Pontecorovo held a meeting with leading businessmen of Pakistan, chaired by Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon here.The businessmen called upon the Italian Ambassador that the Economic Minister of the Italy along with a trade delegation which is expected to tour Pakistan next month, should also visit Karachi, said a statement on Thursday.All leading companies of Pakistan which are engaged in trade with Italy have ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Four ships Maersk Stockholm, Bulk Chile, Kavo Platanos and Sienna Princess carrying Containers, 39,400 tonnes Coal, 29,500 tonnes Canola seeds and 7,284 tonnes LPG were allotted berths at Qasim International Container Terminal, Multipurpose Terminal, Grain & Fertilizer Terminal and SSGC LPG Terminal respectively on Wednesday, 23rd November-2016.Meanwhile another ship Genie with 64, 708 tonnes Furnace oil and arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was managed at 60% at ...

Pakistan - Business & Economy

PSO continues seamless nationwide fuel supply, ensures ample fuel reserves KARACHI: The Pakistan State Oil (PSO) continues smooth nationwide fuel supplies besides ensuring ample fuel reserves in stock.This was announced by an official of the PSO here on Thursday.He said that in continuation of its resolute commitment toward fueling the country without interruption, Pakistan's leading oil marketing company Pakistan State Oil continues smooth nationwide fuel supplies besides ensuring ample fuel reserves in stock.Amid a news item that recently appeared in an English daily claiming Pakistan's ...

Pakistan - Business & Economy

Large scale manufacturing industries grow 2.2pc in Jul-Sep ISLAMABAD: The country's large scale manufacturing industries (LSMI) sector has witnessed growth of 2.20 per cent during first quarter (July-September) of current fiscal year as compared to the corresponding period of last year.The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 123.32 points during July-September (2016-17) against 120.66 points during same period of last year, according to data released by Pakistan Bureau of Statistics (PBS) on Thursday.The highest growth of 1.28 ...

Pakistan - Business & Economy

FBR approves Audit Policy 2016 SOHAIL SARFRAZISLAMABAD: The new Audit Policy 2016, approved by the Federal Board of Revenue (FBR) here on Wednesday for selection of taxpayers for audit, would also include those cases in parametric selection process which were earlier selected for audit last year.Sources told Business Recorder here on Wednesday that the FBR approved new Audit Policy 2016 during meeting of the Board-in-Council held at the FBR House here on Wednesday. A major policy shift in the new ...

Pakistan - Business & Economy

LCCI taking steps to promote public-private partnership LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Vice President Nasir Hameed Khan has said the chamber was taking comprehensive measures to promote public- private partnership as it was the best solution of economicissues.Addressing a delegation of National Management College (NMC) led by Dr Saad S Khan here on Wednesday, he said that the business community was supporting government's efforts to resolve economic challenges faced by the country.Briefing about the LCCI's role in policy making, ...