Business News

Delaying tactics in clearance of food grain containers at Port Qasim

Amanullah Khan

Karachi—President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra has urged Federal Minister for National Food Security & Research, Sikandar Hayat Khan Bosan to take notice of delays in clearance of hundreds containers carrying Wheat, Chick Peas and Pulses, causing heavy demurrage and detention losses to the importers.

LSM output up by 3.19 percent in 2 months

Islamabad—The country’s large scale manufacturing (LSM) sector has witnessed growth of 3.19 percent during the first two months of current fiscal year as compared to the corresponding period of last year. The provisional Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 113.46 points during July-August (2014-15) against 109.96 points during July-August (2013-14), according the data of Pakistan Bureau of Statistics (PBS).

China plays proactive role promoting world economy, peace: Zheng

Beijing stepping up efforts to launch Asia Infrastructure Investment Bank; Contributes 22 pc to global growth from 2000 to 2010

Sarwar Awan

Islamabad—China strictly follows the policy of mediation and political dialogue in addressing the bilateral and regional conflicts, and is also stepping up efforts to launch an Asia Infrastructure Investment Bank. This was stated by Zheng Xiwen, a senior member of Chinese think-tank, while commenting on China towards geo-political situation in the region.

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