Business News

Govt to start agri-skill programmes for youth

Staff Reporter

Islamabad—Minister for National Food Security and Research, Sikandar Hayat Khan Bosan here on Friday said that government would start skill training programmes for rural youth to bring them in agriculture mainstream. The programmes would be started for imparting them different training for using the modern innovative tools of cultivation to enhance agri-productivity for economic betterment of rural masses.

ADB to help fund Pakistan’s first LNG re-gasification terminal

Mian Arshad

Islamabad—The Asian Development Bank (ADB) has approved a $30 million project loan to Engro Elengy Terminal Private Limited, a special purpose company which will build Pakistan’s first liquefied natural gas (LNG) regasification terminal. According to ADB, Pakistan urgently needs to utilize its existing power generation capacity fully, while reducing its reliance on costly imported diesel fuel for electricity generation and Regasification of LNG will allow generation facilities to reach their maximum potential, using a cleaner and more efficient fuel, and will support the country’s push for greater energy security and diversification.

IPO to hold mega event soon on int’l awareness

Staff Reporter

Lahore—Intellectual Property Organization (IPO) is planning to hold a mega event for celebrating international IP day in end of the April this year. It was disclosed by Mr. Shahid Rashid, Chairman IPO at a meeting with Mr. Alamgir Chaudhry, Chief Executive Officer of the Small and Medium Enterprises Development Authority (SMEDA) Friday at SMEDA head office. He told that the theme for celebration of international IP day would soon be announced by World Intellectual Property Organization (WIPO).

FTAs are harming local industry: APBF

Salim Ahmed

Lahore—The All Pakistan Business Forum Executive Committee, which met Friday with its President Mr. Ibrahim Qureshi in the chair, raising serious concern, observed that the FTAs signed with Malaysia, Sri Lanka and China without taking the real stakeholders onboard is damaging the local industry. As the country’s economic managers are engaged in fresh rounds of talks with a number of countries on Free Trade Agreements, the APBF Executive Committee cautioned the government to take business community onboard while finalizing trade deals with other countries.

Weekly inflation down by 0.48%

Islamabad—The weekly inflation for the week ended on February 26 for the lowest income group up to Rs 8,000 decreased by 0.48 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 198.87 points against 199.82 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS). The weekly SPI has been computed with base 2007-2008=100, covering 17 urban centers and 53 essential items for all income groups and combined.

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