09302016Fri
Last update: Fri, 30 Sep 2016 09pm

Business & Economy

Pakistan - Business & Economy

FPCCI urges govt to help in agricultural exports to Russia ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) called upon the government to extend all possible assistance and facilitation to exporters for focusing on Russia as it offered immense untapped opportunities for boosting exports of agricultural products.In a statement issued on Sunday, Vice President FPCCI Riaz Khattak said that Russian food and agricultural imports stood at US$ 43 billion during 2013 while its ban on import of food products from West and Europe had created a huge opportunity for Pakistan to enhance its agricultural exports to Russia, but Pakistan didn't tap that.He said that Pakistan's current trade with Russia was hovering around USD 500 million while there was great scope to improve it.He said Pakistan has the potential to promote exports of many agro products to Russia including rice, fruits & vegetables, dairy products, sea food which are in huge demand in that big market.FPCCI Regional Standing Committee ...

Pakistan - Business & Economy

Fisheries Department establishes 49 fish farms in KP PESHAWAR: Khyber Pakhtunkhwa Fisheries Department has established some 49 fish farms established in Peshawar, Nowshera, Charsadda, Swabi and Lower Dir districts, besides training of over 100 farmers to strengthen their professional capabilities on methods and techniques of fish breeding.Total Rs 173.122 million was allocated for five ongoing and three new projects in the ADP for 2013-14, said a three-year progress report issued here Saturday by KP Fisheries Department.The department took a number of steps to ...

Pakistan - Business & Economy

LCCI calls for steps to check deforestation LAHORE: Deforestation seems small but actually is a big issue as it not only leaves adverse impact on environment but also hits hard the economy of a country.The government, private sector and all segments of society should join hands to tackle the issue of shrinking forests in the country.LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed said here Saturday that forests were not only safeguarding biodiversity and acting ...

Pakistan - Business & Economy

Workers' remittances reach $ 3.1 bn in two months KARACHI: Overseas Pakistani workers' remitted $ 3.1 billion in the first two months of the current fiscal year (July to August).Dollars 3190.66 million received during the same period in the preceding year, said SBP statement here on Friday.During August 2016, the inflow of workers' remittances amounted to $ 1760.84 million, which is 32.57 % higher than July 2016 and 15.3% higher than August 2015. The country wise details for the month of August 2016 show ...

Pakistan - Business & Economy

'Revenue collection made very simple' SIALKOT: Member (Taxes) Federal Board of Revenue (FBR) Dr Irshad Ahmed has said revenue collection has been made very simple and easy by the department to facilitate tax payers at a maximum level.He stated this while addressing a meeting of senior officials held at Regional Tax Office (RTO) here on Friday. Chief Commissioner Inland Revenue Syed Raza Kazmi was also present.The Member FBR directed officials to make all out efforts for expanding the tax net ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Shipping activity remained active at the port where three ships C.V Mehun, M.V Tian Shan and M.T Genie carrying Containers, Project cargo and Furnace oil were berthed at Multi Purpose Terminal, Qasim International Container Terminal, Multi Purpose Terminal and FOTCO Oil Terminal respectively on Thursday, 8th September-2016. Meanwhile another Containers ship San Francisca also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was managed at 33% at the Port on ...

Pakistan - Business & Economy

Iran interested in CPEC, energy supplies to Pakistan ISLAMABAD: Iran's Ambassador to Pakistan Mehdi Honardoust has said his country has the capability to help the development of the economy of Pakistan through energy supply and construction of roads, railways dams and others area.He said that bilateral trade will get unprecedented boost after resolution of problems regarding banking which would disappear soon, said a press release here Friday.He said in a meeting with President FPCCI Abdul Rauf Alam, VP FPCCI Zafar Bakhtwari, former presidents ...