Business News

APTMA, PTEA delegations discuss power shortage with Finance Minister

Mian Arshad

Islamabad—A delegation of businessmen from Lahore, Faisalabad and Multan accompanied by the Minister for Textile Industry, Abbas Khan Afridi, called on Federal Minister for Finance, Senator Muhammad Ishaq Dar here on Tuesday. The delegation representing All Pakistan Textile Mills Association (APTMA) and Pakistan Textiles Exporters Association (PTEA) while discussing various issues with the Finance Minister appreciated the present government for improving power supply to the industry.

Work on new Wasoo dam to start in December-January

Islamabad—Minister of State for Water and Power Abid Sher Ali has said work on new Wasoo dam will be started during the months of December and January. Giving replies to various questions during question hour in Senate on Tuesday he said two new hydal power projects are being launched during this period.

Lafarge new cement to revolutionise precast industry

Amanullah Khan

Karachi—Lafarge Pakistan held a launch ceremony for its exciting new product – Stallion, a specialized Ordinary Portland Cement, recently. The new product Stallion, early setting cement, has been formulated to meet the needs of the precast industry. The event was attended by over 400 people including precasters manufacturing various precast elements that range from concrete blocks to tough tiles, roof slabs to girders and pipes among others.

FPCCI polls after completion of electoral college: Iftikhar Malik

Karachi—Annual elections of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) for the year 2015 will be held after completion of its electoral college, says Iftikhar Ali Malik. United Businessmen Panel’s (UBP) Chairman, Iftikhar Ali Malik, in a statement here on Tuesday, said the last date for filing nomination papers for contesting election as members of the FPCCI’s general body, executive committee and office-bearers by the newly-elected executive committee members of trade bodies is Oct. 27, 2014. He asked all chamber and trade bodies to nominate their candidates purely on merit basis.

Denmark trade delegation arrives to explore business opportunities

Staff Reporter

Islamabad—The first ever trade delegation from Denmark flew in here Tuesday on a week-long visit to explore new business opportunities and partners in Pakistan as there exist great potential for expanding trade between the two countries. “During their week in Pakistan, the delegation will meet prominent Pakistani companies in Karachi, Lahore and Islamabad. Exclusive business seminars with individual company meetings will be arranged in all three cities, and the Danish companies will also participate in broader match-making receptions in Karachi and Islamabad,” said a statement of the embassy here. Danish ambassador Jesper Moller Sorensen who has been making sustained efforts to bolster trade ties between the two countries will accompany the delegation during their visit to different cities.

SME development program 2013-18 included in Govt Vision 2025

Salim Ahmed

Lahore—The five-year SME Development Program 2013-18 evolved by the Small and Medium Enterprises Development Authority (SMEDA) has been included in the Government Vision 2025 and SMEDA has decided to implement first phase of the program under the current annual plan chalked out for the year 2014-15. It was disclosed by Mr. Muhammad Alamgir Chaudhry, Chief Executive Officer, SMEDA while addressing the Executive Members of the Lahore Economic Journalists Association (LEJA) today.

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