Business News

Pak, UK bilateral trade to spiral up to £ 3b: Khurram

Pak, UK bilateral trade to spiral up to £ 3b: Khurram

Staff Reporter

Islamabad—Federal Minister for Commerce, Engineer Khurram Dastgir Khan on Wednesday expressed the government’s resolve to enhance bilateral trade with United Kingdom up to 3 billion pounds in the coming years saying that currently, Pakistan’s trade with England stands at 2 billion pounds out of which Pakistan’s exports are 1.4 billion pounds.
China-Pakistan Economic Corridor JCC 3rd meeting held

China-Pakistan Economic Corridor JCC 3rd meeting held

Islamabad—The China-Pakistan Economic Corridor (CPEC) Joint Cooperation Committee’s third meeting was held at Beijing China on Wednesday. According to a message received here from Embassy of Pakistan Beijing (China) here, the meeting was co-chaired by Hu Zucai, Vice Chairman National Development and Reform Commission of China and Federal Minister for Planning, Development and Reform of Pakistan Prof. Ahsan Iqbal. It was also attended by the Chief Minister of Punjab Shahbaz Sharif and Chief Minister Baluchistan, Dr. Abdul Malik along with senior offcials experts on energy, transport and infrastructure from both sides.
Mauritius-Pakistan JWG mulls on expanding trade, economic coop

Mauritius-Pakistan JWG mulls on expanding trade, economic coop

Observer Report

Mauritius—The 10th round of the Mauritius-Pakistan joint Working Group (JWG) meeting on trade and economic cooperation was recently held in Mauritius. A delegation from Pakistan led by Mr. Waqar Ahmad Shah, Joint Secretary Ministry of Commerce of Pakistan composed of Mr. Moazzam Ali Haider Section Officer Ministry of Commerce of Pakistan; M. Ismail Iqbal, Deputy Secretary, Ministry of Industries and Production; Mr. Taufiq A. Khan, Managing Partner, Ahmed Associates Rice Mills; Mr. M. Aamir, Businessman, J.B. rice Mills; Mr. Zafar Butt, Sonex Group of Companies, Gujranwala. Mr. Ulfat Hussain, High Commissioner of Pakistan in Mauritius also attended the JWG meeting.

Business delegations’ visits key to boost Pak-Indonesia trade

Islamabad—Pakistan’s Ambassador to Jakarta, Attiya Mahmood on Wednesday said there existed huge trade potential between two countries, which will be further increased through exchange of business delegations. She said bilateral relations between Pakistan and Indonesia took a pivotal step towards developing strategic economic ties following the signing of Preferential Trade Agreement (PTA) in 2012, its operationalization in 2013 and signing of Mutual Recognition Agreement.

Textile policy 2014-15 to be announced next month

Islamabad—Ministry of Textile and Industry would announce new textile policy 2014-15 in first week of September 2014 to plan the future strategy for textile industry and to facilitate the small industry for the economic development of the country. Talking to APP here Wednesday, Spokesman of Textile Ministry Kanwar Usman said that new textile policy would be comprehensive which would provide facility and benefit the small industries.

Economic growth functionally protects consumer’s rights: Ch Sarwar

Staff Reporter

Karachi—The country’s economic growth could be possible on sustainable basis only if consumer’s rights are protected in true letter and spirit with emergence of competitive environment in markets of goods and service. Speaking as a chief guest, Governor Punjab Chaudhry Sarwar stated this on the occasion of 9th Consumers Choice Awards held here on Wednesday, organized by Consumers Association of Pakistan (CAP).

Economic Forum ‘GATE-Pakistan’ launched in Berlin

Observer Report

Berlin—German Association of Trade & Economy-Pakistan (GATE-Pakistan) has been launched in a ceremony held at German Foreign Office here in Berlin today. It is an Economic Forum established with the support of German Foreign Office and the Board of Investment, Government of Pakistan for providing extensive knowledge and key local contacts in Pakistan to German investors with special focus on medium and small size enterprises for establishing their Business Houses and Manufacturing Units in Pakistan.

PPIB extends EOIs date for Gadani Power Park

Islamabad—The government is taking all possible steps to bridge the gap between demand and supply of electricity in order to accelerate the socio economic growth of the country and bring relief to the people. This was stated by the Federal Minister for Water and Power Khawaja Muhammad Asif while chairing 97th meeting of the Board of PPIB (Private Power and Infrastructure Board) held here on Wednesday.

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