05262016Thu
Last update: Thu, 26 May 2016 03pm

Business & Economy

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Four ships C.V MSC Toronto, C.V Al Manarnah, M.T Nor Star Intrepid and M.T Sea Delta carrying containers and chemicals were allotted berths at Qasim International container Terminal, FOTCO Oil Terminal and Engro Vopak terminal respectively on Monday.Meanwhile three more ships C.V Maersk Denver, M.T Al-Dasma and M.T Liberty-N with containers, diesel oil and LPG also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was observed at the port at seventy 73% on Monday where a total of eleven ships namely, C.V MSC Toronto, C.V Al-ManamahC.V Calidris, M.V Adventurer-K, M.V Apollo Bulker, M.V Jewel of Dubai, M.V Elly, M.T SC Jean, M.T Nor Star Intrepid, M.T Maistros, and M.T Sea Delta were occupied PQA berths to load/offload containers, cement, rice, chemicals, cargo sorghum palm oil, diesel oil respectively during last 24 hours.A cargo volume during last 24 hours stood at 102,109 tonnes, comprising 62,299 tonnes ...

Pakistan - Business & Economy

Car production up 30pc, LCVs output increases by 69pc in 3 quarters ISLAMABAD: The production of jeeps and cars witnessed growth of 29.73 percent in production during the first three quarters of the current fiscal year, compared to the corresponding period of last year.As many as 137,688 jeeps and cars were manufactured during July-March (2015-16) compared to the production of 106,135 units during July-March (2014-15), showing a surged of over 39.73 percent, according to the data of Pakistan Bureau of Statistics (PBS).The production of Light Commercial Vehicles ...

Pakistan - Business & Economy

Pakistan Telecommunication Authority approves Mobilink’s merger with Warid Islamabad: The Pakistan Telecommunication Authority (PTA) has today approved the merger of Pakistan Mobile Communication Limited (Mobilink) and Warid Telecom (Private) Limited (Warid). This is yet another milestone in the regulatory process and follows the approval granted in March, 2016 by the Competition Commission of Pakistan. The deal remains subject to further regulatory approvals and other customary closing conditions.Jeffrey Hedberg, President and CEO of Mobilink, said: “We are pleased that the Pakistan Telecommunication Authority has ...

Pakistan - Business & Economy

Dar stresses for enhancing economic cooperation between Pak-Saudi Arab ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar stressed for enhancing economic cooperation between the Pakistan and Saudi Arab with particular emphasis on augmenting bilateral trade.The present government led by Prime Minister Muhammad Nawaz Sharif wishes to further consolidate the brotherly relations and take them to even greater heights, encompassing all important spheres of cooperation, Ishaq Dar said in a meeting with Minister and Advisor, Saudi Royal Court Ahmed Al-Khateeb here on Monday.Finance Minister while welcoming ...

Pakistan - Business & Economy

Market rates of bullion in Multan MULTAN: Following bullion rates were received from markets here on Monday. BULLION (PER 10 GRAM)=====================GOLD TEZABI-24 CT---- 41580.00GOLD 22 CT-------------38010.00SILVER TEZABI------------574.00SILVER THOBI-------------525.00Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

Pakistan actively pursuing OIE agenda on animal health: Bosan ISLAMABAD: Federal Minister for National Food Security and Research, Sikandar Hayat Bosan has said that Pakistan is actively pursuing the agenda of World Organization for Animal Health (OIE).He was speaking at the 84th session of world assembly of delegates of OIE at Paris.According to a message received here from Paris the other day, he lauded the role of OIE in effective veterinary services and organization of livestock husbandry practices on scientific lines throughout the world.Bosan ...

Pakistan - Business & Economy

'Meat export industry growing with ratio of 30pc ' LAHORE: The meat export industry in Pakistan is growing with a ratio of 30 percent every year and it can be further increased by proper processing.The Head of Meat and Nutrition of University of Veterinary and Animal Sciences (UVAS) Dr Muhammad Hayat Jaspal told APP here on Sunday.He said Pakistan had captured successfully the regional market of Middle East despite top beef exporting countries. However, to enter an emerging market of China and Malaysia, the ...