Friday, June 15, 2012, Rajab 24, 1433
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Business & Finance
Pak-Malaysia trade increased by 35pc after FTAStaff Reporter Karachi—Consul General of Malaysia, Abu Bakar Mamat said that Malaysia and Pakistan recorded 25 and 10 per cent increase in bilateral trade in 2010 and 2011 respectively.
The positive growth was subsequent to the signing of FTA (free trade agreement) between the two countries in 2007. He added that there is a need to create awareness among the manufacturers on the liberalisation of trade in goods and services and the elimination of tariff on their respective products.
Govt to welcome investorsStaff Reporter Islamabad—A two-member delegation of the Yamaha motorcycle Japan called on Federal Secretary Ministry of Industries Aziz Ahmed Bilour and presented their proposals regarding the establishment of a new motor cycle plant in Pakistan and a subsequent relief in the import duty on motorcycle parts. They said that Yamaha is bringing new technology to Pakistan and being a new entrant they need some additional benefits to survive in the existing competitive market of Pakistan. They demanded that Yamaha must be allowed to import parts at a duty of 5%.
UAF going to equip proposed Agri CollegeStaff Reporter Faisalabad—University of Agriculture Faisalabad is going to equip the proposed Agricultural College at Layyha with state of the art laboratories, teaching and research facilities and quality manpower aiming at inculcating the locals with modern tools of agriculture thereby to reap maximum benefits and raise the living standard of the rural inhabitants. This was stated by UAF Vice Chancellor Prof. Dr. Iqrar Ahmad Khan (SI) while addressing the concluding ceremony of 10-days hands on experiences workshop for the farmers of District Liyyah here at Students Teacher Center on Thursday afternoon.
Cathay Pacific releases traffic figuresStaff Reporter Karachi—The Cathay Pacific Airways here on Thursday released combined Cathay Pacific and Dragonair traffic figures for May 2012 that show a year-on-year growth in passenger numbers alongside a significant drop in cargo and mail tonnage. A statement said that Cathay Pacific and Dragonair carried a total of 2,358,171 passengers in May, an increase of 6.8% on the same month in 2011, while the passenger load factor rose by 0.2 percentage points to 78.5%.
Capacity for the month, measured in available seat kilometres (ASKs), rose by 4.2%.
For the year to date, passenger numbers have risen by 9.1% compared to a capacity increase of 7.6%.
Seminar on e-Governance regime, corporatisationStaff Reporter Islamabad—The SECP’s Company Registration Office (CRO) Faisalabad held a workshop on e-Governance Regime and corporatization with collaboration of Faisalabad Chambers of Commerce & Industries (FCCI) and Institute of Cost & Management Accountants of Pakistan at FCCI Building, Faisalabad.
Mahboob Ahmad, Joint Registrar, in charge CRO Faisalabad, underlined numerous actions taken by the SECP to facilitate the corporate Sector of Pakistan.
Punjab budget 2012-2013 Balanced, tax-free, and reflective of people’s inspirationsAthar Ali Khan IT is a government’s basic responsibility to provide people with facilities and make the right planning for it. The budget is a window to the government’s development and welfare preferences for the masses. Only the budget shows to what extent a government is serious in providing people the rudimentary necessities of everyday life.
The Punjab government presented its fifth budget in the Punjab Assembly. Being pro-people, balanced and tax-free, the total outlay of the budget is Rs782.8 billion. Presenting the budget, Finance Minister Punjab, Mujtaba Shuja-ur-Rehman, announced the Development Policy for the next fiscal year.
Boeing 787 Dreamliner touches down in UAE capitalStaff Reporter
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