Pakistan Observer

Business

RCCI urges urgent auto policy

Rawalpindi—President Rawalpindi Chamber of Commerce and Industry (RCCI) Mian Humayun Parvez has urged government to announce the automobile industry policy immediately. In a statement president RCCI said that no doubt Auto industry is blooming in Pakistan and ... Saturday, February 13, 2016 Details

Int’l women leaders summit held

Karachi—The international women leaders’ summit held in Karachi to discuss the role of women who were reshaping the corporate world and redefining leadership globally, working in turn for a sustainable future. Seema Kamil, head of Branch Banking, Habib Bank, Ltd., while speaking at international women leaders’ summit held in Karachi has disclosed that HBL would ... Saturday, February 13, 2016 Details

Oil prices rally after plumbing new depths

Singapore—Oil surged more than five percent in Asia Friday, a day after tanking towards 13-year lows and following a report suggesting the OPEC producers’ club was open to working towards cutting output to stabilise volatile crude markets. Prices for both key contracts dived Thursday in line with a sell-off across global markets as traders grow increasingly concerned ... Saturday, February 13, 2016 Details

Pak int’l trade fair in August

Karachi—Abdul Rahim Janoo, Chairman FPCCI Standing Committee on Fairs & Exhibitions and Trade Delegations said that FPCCI will organized Pakistan International Trade Fair (PITF) in August, 2016 for which he has called meeting of his Committee on 17th Feb to finalize arrangements of PITF and other Pakistan solo exhibitions. While discussing on PITF, Rahim ... Saturday, February 13, 2016 Details

Pakistan to achieve growth target of 7pc

Lahore—Upto US $46 billion investment from China, LNG agreement with Qatar and decision to export Pak manpower to other countries will help country achieve a growth target of seven percent in a speedier manner. Malik Tahir Javed, Chairman of Punjab Chapter of Workers Employers Bilateral Council of Pakistan (WEBCOP), expressed these views while talking to a ... Saturday, February 13, 2016 Details

‘Australia ready to cooperate with Pakistan in IT sector’

Islamabad—High Commissioner of Australia, Margaret Adamson said on Friday that Australia was ready to cooperate with Pakistan in multiple sectors to uplift its economic profile. While addressing business community at Islamabad Chamber of Commerce and Industry (ICCI), she said, her country could cooperate in agriculture, energy, exploration of natural resources, ... Saturday, February 13, 2016 Details

Tajikistan ambassador visits KPCCI

Peshawar—Ambassador of Tajikistan, Mr. Sherali Jononov Friday asked the businessmen of Pakistan to avail investment opportunities offered by Tajikistan and increase the trade volume between the two countries. Ambassador Jononov was speaking to businessmen here during his visit to Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI). ... Saturday, February 13, 2016 Details

Farmers advised Moong sowing in March

Multan—Agriculture experts said Friday that farmers could sow spring season Moong pulse from first week of March till the end of the month. However, sowing in first fortnight of March should be preferred for good results. In a press release issued by media liaison unit of Punjab agriculture department, experts said that in irrigated areas farmers should sow approved ... Saturday, February 13, 2016 Details

US retail sales edge higher in January

Washington—US retail sales rose modestly for the third straight month in January despite falling gasoline prices, the Commerce Department reported Friday. Shoppers spent 0.2 percent more on retail and food services, following an upwardly revised 0.2 percent increase in December. Retail sales totaled $449.9 billion in January, up 3.4 percent from a year ago, ... Saturday, February 13, 2016 Details

Pak entrepreneurs invited for joint ventures with Portuguese

Lahore—Pakistani entrepreneurs are invited to start joint ventures with their Portuguese counterparts in the sectors of textile, food, information technology, sports goods and agriculture that would be equally beneficial for both the countries. The invitation was extended by the Charge De Affairs of Portugal Joao Paulo Sabido while talking to the LCCI ... Saturday, February 13, 2016 Details

Pak-Qatar LNG deal to helps ease energy shortfall

Islamabad—Welcoming the landmark Liquefied Natural Gas (LNG) deal signed between Pakistan and Qatar, the business community of twin cities of Rawalpindi and Islamabad on Friday observed that it would help the government overcome energy shortfall in the country. The LNG accord signed during the visit of Prime Minister Nawaz Sahrif to Qatar was indeed a ... Saturday, February 13, 2016 Details

500-MW electricity can be produced from Karachi ’s waste

Karachi—The percentage of the waste recycled as yet is just 27 percent of the total waste produced in the mega city of Karachi. The revenue of the city could be enhanced by improving this recycling percentage of the waste. On the other hand, a minimum of 500-MW of ... Saturday, February 13, 2016 Details

SECP starts company registration under VOSS

Islamabad—The Securities and Exchange Commission of Pakistan has started registration of companies under the newly introduced Virtual One-Stop Shop (VOSS) and has registered two companies namely M/s CEMEX (Pvt) Limited and Bisma Builders and Developers (Pvt) Limited ... Saturday, February 13, 2016 Details

Soneri Bank announces 2015 annual results

Lahore—The Board of Directors of Soneri Bank Limited met in Lahore under the Chairmanship of Alauddin Feerasta to review the performance of the Bank and approved the financial statements for the year ended 31 December 2015.  The Bank has posted a profit after tax of Rs 2.21 billion, which is 39.87 percent higher than last year. This translates into earnings per ... Saturday, February 13, 2016 Details

Govt to help GB in establishing fruit-processing plants

Islamabad—Minister for Industries and Production Ghulam Murtaza Khan Jatoi Friday said that his Ministry would help government of Gilgit Baltistan (GB) in installation of Fruit processing plants for creating job opportunities and alleviating poverty in the region. ... Saturday, February 13, 2016 Details