Sale of shoes soars by 15% this Ramazan on June 14, 2018The sale of shoes increased by 15 percent to Rs 89. 2 million this Ramazan at shoe outlets in Karachi due to the increased usage of plastic money. The owners of these shoe outlets said that last Ramazan the sale of shoes had recorded a 13 percent increase but this year the sale of shoes […]
‘Poor economic policies have dented export-oriented sectors’ on December 29, 2017KARACHI: Poor attitude of successive governments and insufficient economic policies of fiscal managers in the helm of affairs have dented the prime export-oriented industrial sectors’ potential, exports and industrial growth, representatives of prime export sector have lamented. “If we see the progression of industrial sectors and exports of our regional players, we have no standing […]
‘Efficient logistics can give impetus to economy under CPEC umbrella’ on November 14, 2017KARACHI: Compliance of standards in the logistic industry would enable Pakistan to get huge benefit from influx of opportunities in the milieu of the China-Pakistan Economic Corridor (CPEC)) project. Changes were absolute and would take place in Pakistan’s economic and logistics infrastructure. It is clear that logistics sector, in terms of transportation, will get a […]
‘Events at Pakistani missions abroad needed to invite investment’ on October 29, 2017KARACHI: There is a dire need to hold events at Pakistan foreign missions in various European countries in order to invite investment along with enhancing prime value-added exports and promoting exports of non-traditional goods, executive representatives of leading export-oriented and developing industrial export sectors have maintained. Experts said in the backdrop of China-Pakistan Economic Corridor […]
Additional RD on industrial raw material to shrink exports: business experts on October 22, 2017KARACHI: Imposition of additional regulatory duty on 797 goods including industrial raw material would not only increase import duty but also shrink volumes of exports due to higher production cost. Businessmen of export oriented and industrial sector, while rejecting the imposition of additional regulatory duty, were of the view that this act of government was […]
Budget managers should create base for direct taxation in new FY on April 26, 2017KARACHI: Finance and taxation managers at the helm of affairs in the government have always been focusing on indirect taxes instead of creating a genuine base for direct taxation. Due to this constant policy, the ratio of direct taxes collected in Pakistan has always remained very low at 11.21 percent. On the contrary, indirect taxation […]
Major exports under stress due to unclear policies on April 24, 2017KARACHI: Major exports of Pakistan remained under stress due to more than one count. Opaque policies are the outcome of without taking the real business stakeholders across the board during chalking out export strategies and economic policies, exporters viewed. Financial and budget managers in the helm of the government affairs are also lacking vision and […]
Lack of water and poor pest control affect cotton crop on April 23, 2017KARACHI: The non-professional approach of the Textile Ministry and Cotton Crop Assessment Committee (CCAC) in fixing the realistic target of cotton production during the 2017-18 crop season was the outcome of not considering the opinion of the stakeholders and growers, traders opined. The country will harvest around 12.5 million cotton bales, which is 2.3 million […]
Copyrighting of seeds vital to protect crops from pests on April 19, 2017KARACHI: Copyrights to hybrid manufacturing units and foreign seed importers should be ensured to save crops from spurious seeds, agro-people and seed experts said. The government will not be able to meet various crops’ production targets unless it blocks use of fake seeds and use of pesticides and germicides on wheat, cotton and other crops […]
Reforms in accounting standards to boost investor confidence, attract investment on April 18, 2017KARACHI: Streamlining the accounting standards aligning with the best global practices will ensure consistent disclosure and transparency in financial reporting in Pakistan. Transparency and good governance aids in boosting investor confidence and this is the catalyst for attracting foreign and local investors; a much needed impetus for strengthening the economy. The Accounting Standards Board (ASB) […]