Pakistan Observer

Business

Govt asked to reconsider export plan

Islamabad—The Pakistan Economy Watch (PEW) on Sunday said further erosion in the value of local currency will be against the national interests as it will hit economy and masses hard. Government must reconsider export policy and try to reduce cost of doing business by revisiting energy costs, tax breaks and payment of refunds, it said. ... Monday, August 31, 2015 Details

Poor academic environment

Islamabad—Pakistan Educational Statistics for 2013 estimates that around 42 % of academic institutions in the country have no access to electricity. Developmental sector organizations, as well as private sector have hence made strenuous efforts to bring energy to such educational facilities. Interestingly, one such coordinated action was taken up by HUB Power Company (HUBCO) with expertise from Reon Energy Limited. ... Monday, August 31, 2015 Details

APTMA to meet PM next month: S M Tanveer

Lahore—All Pakistan Textile Mills Association (APTMA) Chairman S M Tanveer said here Sunday that Prime Minister Muhammad Nawaz Sharif had assured of resolving the textile industry issues in a meeting, likely to be held in second week of September, with APTMA and other textile industry associations. ... Monday, August 31, 2015 Details

‘Direct contacts between Pak-Tajik tycoons to promote trade’

Faisalabad—The business community of Pakistan and Tajikistan should forge their direct contacts in order to encourage and promote direct trade between the two countries, said Mr. Maruf Jon Abdurahmonov Consular economic section and head of the visa section of the Embassy of Tajikistan in Islamabad. ... Monday, August 31, 2015 Details

Promoting SMEs best way to revive economy

Islamabad—Small and Medium Enterprises (SMEs) are getting only 5.5 percent out of the total loans issue by the banks which must be intensified for the sake of national development, a business leader said Sunday. SMEs must get 30 percent of the bank advances as over 90 percent businesses falls in this category which cannot be ignored, said Chairman of the United International Group Mian Shahid. ... Monday, August 31, 2015 Details

M-3 Industrial Estate opens new avenues for engineering institutions

Faisalabad—The business community of Faisalabad played pivotal role in making Faisalabad hub of textile industry and now M-3 Industrial Estate has opened new avenues for the engineering related institutions to make concerted efforts for the erection of most modern and latest industry in this planned industrial estate said Engineer Rizwan Ashraf President FCCI. He was addressing a Seminar organized by Rastgar on Compressed Air for Economy and Efficiency here today. ... Monday, August 31, 2015 Details

REAP election 2015-17

Lahore—All candidates for Managing Committee Members of Rice Exporters Association of Pakistan (REAP) have been elected unopposed in the Annual Elections for the year 2015-17. Abdul Latif Piracha, Nadeem Polani, Inder Lal and Abdul Rauf Shivani have been elected Members Managing Committee of REAP from Karachi for South Zone Corporate Class. ... Sunday, August 30, 2015 Details

APBF elects Dr. Inam new President Islamabad Board

Islamabad—Recently National Board of All Pakistan Business Forum (APBF) has conducted its meeting, headed by the Chairman APBF - Mr. Khalid Rafiq, while President APBF Ibrahim Quraishi was the Co-chairman of this meeting. All the members Unanimously elected Dr. Inam Ullah Haq as the new President of Islamabad Board. The session was intended to evaluate overall performance of APBF Islamabad Board and its office bearers. Thorough appraisal during the session resulted in a unanimous decision by the members to terminate the tenure of Mr. Imran Shauqat, EX President Islamabad Board for not meeting the goals and objectives of APBF. ... Sunday, August 30, 2015 Details

TDAP briefs NA body on exports shortfall

Karachi—SC of the National Assembly on Commerce visited TDAP led by Mr. Siraj Muhammad Khan Chairman of The Standing Committee. S. M Muneer, Chief Executive Officer of the Trade Development Authority of Pakistan briefed the committee about the issues being faced by the exporters of the country, due to which exports value of the outgoing fiscal year 2014-15 decreased. ... Sunday, August 30, 2015 Details

Gwadar port to be connected with railway network

Islamabad—Pakistan Railways is focussing on connecting Gwadar port with railways network and establishing new dry port at Havelian to generate revenues. The government is committed to make Pakistan Railways a profitable organization and a number of steps are being taken in this regard, an official in the Ministry of Railways told state-run media. Pakistan Railways is involving private parties in commercial management of four passenger carrying trains and cargo express trains, he added. He said right mix of passenger and freight trains and a freight transport company is being established to give top priority to freight transportation for generating revenues. ... Sunday, August 30, 2015 Details

Weekly inflation eases by 0.06pc

Islamabad—The weekly inflation for the week ended on August 27 for the combined income group witnessed decrease of 0.06 percent as compared to the previous week. The Sensitive Price Indicator (SPI) for the week under review in the above-mentioned group was recorded at 213.57 points against 213.70 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS). Similarly, as compared to the corresponding week of last year, the SPI for the combined group in the week under review decreased by 1.23 percent. ... Sunday, August 30, 2015 Details