Low capacity high input costs hitting cement industry
Tariq KhattakIslamabad—During first five months of current fiscal year, the cement industry has posted a meagre growth of 0.30 percent compared with the same period during last fiscal year. Total despatches during this period were 13.167 million Tons against 13.127 Million tons during the corresponding period of last fiscal year.
LCCI seeks steps to maintain prices of food items
Staff ReporterLahore—The Lahore Chamber of Commerce and Industry (LCCI) on Thursday urged the Punjab government to ensure provision of food items including pulses, vegetable and meat as per its control list.
After a meeting with retailers, the LCCI President Engineer Sohail Lashari said that government should maintain supplies instead forcing the business to sell their goods below the prices of their purchase. He said that either the government should make upward revision in its control list or should ensure provision of these goods at lesser rates than their actual cost.
German advisor, president Toyota Motors discuss bilateral relations
Staff ReporterIslamabad—Dr. Christoph Heusgen, Advisor to German Chancellor on foreign policy and national security called on the Prime Minister Muhammad Nawaz Sharif on Thursday and discussed matters related to bilateral cooperation and mutual interest.
Germen Ambassador to Pakistan Dr. Cyrill J. Nunn and Special Advisor to Prime Minister, Mr. Tariq Fatmi were also present at the occasion. Later Mr. Kyoichi Tanada, President Toyota Motors Asia-Pacific also called on the Prime Minister.
Good tomorrow of Pakistan
Muhammad Nadeem BhattiPAKISTAN is a country where the total annual income is Rs.2,000 billion and the expenditures of the country stand at Rs,3,500 billion; including 1,500 billion defense spending. Every Pakistani owes Rs.80, 000 to the lending agencies and the country is being run on perpetual borrowings. One may recall and ponder over that irrespective of the natural resources with which Pakistan is endowed with; this country has been lagging behind in the economic sphere! Almost all the contemporaries of Pakistan, which achieved independence after the Second World War including India, Korea & China etc have surpassed us in making progress in the economic and financial realms. Rather, in the seventies, the currency of the regional countries including India, Iran, Afghanistan & Bangladesh were lower than the Pakistani rupee.