Finally, Pakistan Petroleum Limited (PSX: PPL) announced itsFY16 financial performance, and to no ones surprise, the oil and gas exploration and production company posted a decline in earnings for the year bitten largely by low crude oil prices.
Continuing our conversation on textile machinery imports (see yesterdays column), todays article looks at some underlying issues that have gone unsaid.
The cement industry is chugging forward into a bonanza of historic high dispatches, gross margins and profits, in spite of the sharp fall in exports to its key markets such as Afghanistan and South Africa.
With the sales tax on textile machinery imports abolished in the export package, one may now hope that the latest technology and BMR activities come to our industry.
There is little denying that historians will remember CPEC as one of best things that ever happened to Pakistan, provided of course this country does not deliberately goof up.
What would really forge the relationship between two countries that already refer to each other as iron brothers (or ba tie in mandarin)? A steel plant! Even better, a massive steel plant in the middle of nowhere! This is where things seem to be headed if
With so much buzz surrounding textile and the latest package, its easy to forget that it wasnt for textile only; the Rs180 billion package is actually for all five export-oriented sectors: textile, leather, surgical goods, carpets, and sports goods.
This column has at different points discussed the many virtues of greater competition in the auto sector; one that has long enjoyed protectionnot only from imports with tariffs exceeding 70 percent but also to a great extent from new players entering the
Remittances have also joined the worries; along with the already falling exports and declining FDI, the inflows from Pakistanis abroad - that the country has for long relied upon - are have started weakening as well.
With the announcement of the export package yesterday now comes duty free import of cotton something that the yarn manufacturers have been demanding for quite some time, particularly in light of another season of low cotton production.
There have been a couple of important draft guidelines published by the National Electric Power Regulatory Authority (NEPRA) recently including the those for competitive bidding as well as the concept paper on the rate of return for power sector projects.
The conversation on exports (at least in this column) has been approached from multiple angles the need for research, innovation, diversification, etc.
Thanks to low labour costs, Pakistan is one of the most price competitive T-shirt producers of the South Asian region; yet the country has been facing low export growth for many years.
Globally, the oil and gas sector was marked with OPECs return in 2016, after it let the market forces play with the demand and supply for at least two years; with flagging prices, the cartel surprised many with the first cut in production since 2008.