09302016Fri
Last update: Fri, 30 Sep 2016 03am

Business & Economy

Pakistan - Business & Economy

FPCCI for enhancing trade in OIC members KARACHI: The Senior Vice President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Sheikh Khalid Tawab has emphasized on enhancing intra-OIC trade as the volume of trade among OIC countries is simply 19 percent of total trade of OIC members.Despite close geographical proximity, religious and cultural ties and similarities and available of natural and man-made resources, the trade profile is disappointing, he said in a statement here on Thursday.FPCCI leader said the Muslim countries had enormous resources and potential to succeed, but the task was to transform the potential into real asset.Promotion of economic linkage within the Muslim communities by creating opportunities could help generate greater flow of capital from within and beyond the Islamic world.He indicated that the OIC bloc was the largest bloc in the world in terms of number of countries; represented one fourth of total land with 22 percent of the world population.The share of ...

Pakistan - Business & Economy

KARACHI: Bullion Prices on Thursday KARACHI: Following were the Bullion Prices in Karachi, Mulatn and Lahore on Thursday.KARACHI: (per 10 gram) Gold Tezabi 24 CT Rs. 44228.00Silver Tezabi Rs. 634.28 Copyright APP (Associated Press of Pakistan), 2016 ...

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 ...

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 ...