12082016Thu
Last update: Thu, 08 Dec 2016 02pm

Industries & Sectors

Pakistan - Industries & Sectors

PR to prepare feasibility for linking FATA with Peshawar, Torkham ISLAMABAD: Pakistan Railways will soon prepare a feasibility report for linking Federally Administered Tribal Areas (FATA) with Peshawar and Torkham through a railway line. In this regard, Pakistan Railways authorities had given a briefing to minister for railways about the update of the project, official sources in the Ministry of Railways told APP on Monday. Pakistan Railways will play its role to bring the people of FATA into the mainstream through rail line which will also bring progress and prosperity in the area, the sources added. To a question, they said Pakistan Railways was devising a strategy for an alternative route of Chaman-Spin Boldak to approach Afghanistan and Central Asia via Torkham by focusing on trade volume after the success of China-Pakistan Economic Corridor (CPEC). They said some more countries, besides Chinese and Asian Development Bank, wanted joint ventures with the Pakistan Railways due to the incumbent government's policies. The sources said about initial design and survey that work on ML-1 (Karachi-Peshawar) was in progress which would be completed by the ...

Pakistan - Industries & Sectors

Govt releases Rs274.170mn for industrial development ISLAMABAD: The government has so far released Rs 274.170 million for various ongoing and new projects of the Industries and Production Division out of its total allocations of Rs 1029 million earmarked under the Public Sector Development Programme (PSDP) for Fiscal Year 2016-17. Out of the total amount released, Rs 77.540 million have been provided for development projects of Pakistan Gems and Jewellery Development Company, for which Rs 193.850 million have been earmarked in the PSDP of current fiscal year. The government also released Rs ...

Pakistan - Industries & Sectors

SECP directs companies to maintain functional websites without fail ISLAMABAD: Websites of companies, being the virtual face of entities, is an effective tool for dissemination of material information to the public.  The Security Exchange Commission of Pakistan (SECP), as a first step in this direction, issued a notification dated July 10, 2014, requiring all public companies to maintain functional websites with effect from August 30, 2014, said a statement issued here by the commission.  The aforementioned notification also prescribed relevant content to be displayed on the websites of companies.  In order to ...

Pakistan - Industries & Sectors

More Mobile Testing Labs planned to improve monitoring mechanism: PSQCA ISLAMABAD: Pakistan Standards & Quality Control Authority (PSQCA) plans to introduce Mobile Testing Laboratories (MTLs) in different cities of the country to improve monitoring mechanism through enhanced market surveillance and surprise visits.   A Mobile Testing Laboratory is already functional at Karachi while similar laboratories would also be introduced in other major cities to achieve better results and improve efficiency.   Sources at Ministry of Science and Technology (MoST) on Saturday said re-structuring of PSQCA has been proposed in National Quality Policy (NQP) to meet best ...

Pakistan - Industries & Sectors

E&P companies deposited $2.5mn under social welfare fund ISLAMABAD: Oil and Gas companies operating in different parts of the country have deposited around $2.544 million under the social welfare fund during the last three years.  "Exploration and Production (E&P) companies are required to deposit social welfare fund in the joint account with Deputy Commissioners, maintained in concerned districts," official sources in the Ministry of Petroleum and Natural Resources told APP.  They said around $ 2.544 million had been collected in last three  years, which were judiciously utilized for well being of ...

Pakistan - Industries & Sectors

Early drought warning helps local farmers prepare for dry season RAWAT: Like his farming neighbours, Bilal Khan plants wheat in late October or early November each year, and harvests and sells his winter crop a few months later.But this year, there are no wheat stalks are to be seen on his 3 hectares (5 acres) of land in Rawat, a town some 12 miles (20 km) from capital Islamabad.Instead, Khan is growing onions, potatoes, cauliflower, cabbage and carrots.In late October, the Pakistan Meteorological Department informed Khan and other farmers that no ...

Pakistan - Industries & Sectors

Leather sector sales tax collection increases over 17pc ISLAMABAD: The sales tax collection from the leather sector witnessed increase of 17.45 percent during the fiscal year 2015-16 compared to the same period of last year. According to the official data avaialable, the overall sales tax collection, both at domestic and import stage was recorded at Rs 1547.84 million in FY 2016 compared to the collection of Rs 1317.77 million during FY2015. The revenue collection at import stage witnessed increase of 31.23 percent while at domestic it witnessed negative growth of 3.2 percent. The sales ...