01202017Fri
Last update: Fri, 20 Jan 2017 06am

Business & Economy

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Three ships C.V Al-Rawadah, M.V An African and M.T Al-Rekayyat scheduled to load/offload containers, cement and LNG were allotted berths at Qasim International Container Terminal, Multi Purpose Terminal and Engro Elengy Terminal respectively on Monday.Meanwhile three more ships Maersk Chicago, MSC Tomoko and Atlanic Glory with containers and chemicals also arrived at outer anchorage of Port Qasim (PQ) during last 24 hours.Berth occupancy was observed at the port at sixty percent on Monday where a total of nine ships namely Al-Rawadah, MSC Joanna, An African, Da Hua, Infinity, Argent Freesia, Al-Rekyyat Shan Song Zihe and Eagle Phoenix are currently occupying berths to load/offload containers, cement, project cargo, canola seeds, chemicals, LNG, palm oil and crude oil respectively during last 24 hours.A cargo volume of 97,238 tonnes, comprising 52,221 tonnes import cargo and 45,017 tonnes export cargo inclusive of containerized cargo carried in 993 containers TEUs) 459 imports TUEs & ...

Pakistan - Business & Economy

National economy moving in right direction LAHORE: Economy Experts on Monday said that Pakistan would be among the developed countries of the world as its economic indicators are satisfactory.Talking to APP, renowned economist Dr. Ashfaq Hassan said the PML-N government was paying special attention towards the development of different sectors including power, gas, education, health and roads.The completion of road infrastructure in the country would definitely bring prosperity and development, he added.Dr Ashfaq said the country's economy had been growing for ...

Pakistan - Business & Economy

Bullion Prices on Monday KARACHI: Following were the Bullion Prices in Karachi and Multan on Monday.KARACHI: (per 10 gram) Gold Tezabi 24 CT Rs. 42514.00Silver Tezabi Rs. 642.85 MULTAN: (per 10 gram)Gold Tezabi 24 CT Rs. 42260.00GOLD 22 CT Rs. 38640.00Silver Tezabi Rs. 651.00Silver Thobi Rs. 597.00Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

No decision taken to purchase seed from any private company MULTAN: Agriculture spokesman said on Monday that provincial government has not decided to purchase seed from any private company and there was no truth in reports published in some sections of press in this connection.In a release issued by media liaison unit of Punjab agriculture department, spokesman said the agriculture department was actively engaged in analyzing all factors that led to poor cotton production last year and substandard seed was one of these factors.The department ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Shipping Activity brisk shipping was recorded at the Port where seven ships C.V Xpress Kailash, C.V MSC Joanna, M.V HHL Elbe, M.V De Hua, M.T Shandong Zihe, M.T Eagle Phonix and M.T Argent Fressia carrying containers, general cargo, palm oil, condensate and phosphoric acid were allotted berths at Qasim International Container Terminal, Multi Purpose Terminal, Liquid Cargo Terninal, FOTCO Oil Terminal and Engro Vopak Terminal, respectively on Sunday.Meanwhile three more ships Al-Rawadha, Maria III ...

Pakistan - Business & Economy

$21bn energy plan a centrepiece of Nawazs economic aspiration: WSJ ISLAMABAD: Prime Minister Nawaz Sharif is heading to revive the country's economy with a $21 billion electricity plan, which is a centerpiece of his economic aspiration.More than 10,000 Chinese workers are now building at least 10 partly Beijing-financed energy projects across Pakistan that are set to grow the country's energy output by 60 percent within two years in the first major boost to supply in two decades, according to an article published in Wall Street ...

Pakistan - Business & Economy

Motorcycles sale increased by 18.1pc in Jul-Nov ISLAMABAD: The sale of motorcycles and three wheelers in the country rose by 18.1 percent to 648,419 units in first five months (July-November) of fiscal year 2016-17 from 549,013 units in same period of previous year.Motorcycles sale in November also rose by 26.48 percent to 144,502 units while 114,245 units were sold in the country a year ago.Similarly on monthly basis the sale also increased by 22.57 percent as compared to the sale of October ...