Islamabad—KCCI Delegation, comprising
representatives from countrywide Chambers of
Commerce and Industry, and led by its President
Mr. Shamim Shamsi, held a meeting with Syed
Naveed Qamar, Finance Minister in Islamabad .
The KCCI delegation apprised the Finance
Minister of latest increase in gas and power
tariff of textile units and export related
issues of the industry. It emphasized that
recent 31 percent increase in gas tariff and
increase in power bills has compounded the
economic problems of textile industry all over
the country.
Karachi—A financial agreement was signed for
funding Pakistan’s first dedicated grain and
fertiliser terminal at Port Qasim on
build-own-transfer (BOT) basis to handle over
four million tons of dry bulk cargo per annum.
Islamabad— Emaar Properties is feeling the
impact of recession in foreign markets, but
reported about seven per cent rise in its
quarterly profit. The Dubai-based real estate
developer, with operations in three dozen
countries, said its net profit for the
April-June period this year was Dh1.66 billion
compared with Dh1.55 billion in the
corresponding period last year. The quarterly
profit figure was below an analyst consensus.
Islamabad —A Horticulture delegation of mango,
banana and dates growers from Sindh province
have sought the help of the Competitiveness
Support Fund to enhance their competitiveness as
well as improve the quality of their products to
the market. The delegation comprised Mr. Mehmood
Nawaz Shah, General Secretary of the Sindh
Abadgar Board, and Mr. Ghulam Sarwar, a
progressive Horticulture farmer from Sindh.
Islamabad—Rupee posted a fifth weekly loss
because of concern about a widening trade
deficit. Ten-year government bonds were
unchanged. The local currency dropped 1.4
percent this week to 71.05 versus the dollar at
1:30 p.m. in Karachi, according to data. The
rupee rose 1.5 percent today.
