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Federal Minister for Commerce Khurram Dastgir Khan Thursday said that despite diplomatic tension between Pakistan and India trade regime has not been changed. "The government is working to make every input items, including machinery import, zero rated for export sector from the next fiscal year while the proposed package for exports-oriented sector is still in field and may be announced anytime soon," the minister said while briefing the Senate Standing committee on Textile Industry which met with Mohsin Aziz in the chair.
The Foreign Office Thursday said that US President-elect Donald Trump's intention to visit Pakistan as well as his willingness to play a role in resolving outstanding issues including Jammu and Kashmir dispute with India will be warmly welcomed.
India will have a patrol-free, multi-layered smart fence along its borders with Pakistan and Bangladesh by the later part of 2017 even as 20 big global firms are undertaking a technical evaluation for the same, Director General of BSF KK Sharma said.
Pakistan and China embarked on their ambitious and effective project to link China's south-western province Yunnan with Pakistan's largest port in Karachi, on Wednesday. According to Chinese media, the first cargo train from Kunming, capital of Yunnan province, left with over 500 tonnes of commodities for Port Qasim in Karachi on Wednesday. This marked the opening of the new route between both the countries, who are ambitiously seeking trade partnerships with each other which could benefit them immensely.
Water and Power Development Authority (Wapda) is reportedly annoyed with Finance Ministry for delaying issuance of promissory note with an unconditional and irrevocable guarantee to arrange Rs 38 billion from banks to pay the first instalment of net hydel profit (NHP) to Punjab from 2005 to 2016, well-informed sources told Business Recorder from Lahore on Thursday.
An increase of 3.81 percent in inflation during November 2016 as compared to the same month a year ago is owing to hike in prices of food items, according to Pakistan Bureau of Statistics (PBS) Briefing media here Thursday, Chief Statistician Asif Bajwa said a proposal would be forwarded to the Council of Common Interests (CCI) to conduct population census in the two phases as full strength of required forces would not be available in one go. He said the proposal would soon be forwarded to the CCI for consideration.
Federal Minister for Commerce Khurram Dastgir said on Thursday that services of around 130,000 army personnel will be required for conducting population census countrywide. Addressing a joint press conference along with Parliamentary Secretary for Information and Broadcasting Mohsin Shah Nawaz Ranjha, Dastgir said at present, the Pakistan Army is busy at multiple fronts, the government will ask the Army to help the civilian administration in conducting the much delayed census at some appropriate time.