By Razi Syed

KARACHI: The government is bound to create a business environment where transparent management of public finance could become possible. Absence of such environment is not only conducive to the return on investment but on the circularity of debt and liquidity position that also put negative impact on corporate savings, financial experts opined. It was assumed […]

KARACHI: Associations of prime export-oriented sectors expressed dismay over delay/unjustified tactics of Federal Board of Revenue (FBR) for rolling back refund payment orders (RPOs) already issued to Sales Tax (ST) refund claims for textile, leather, surgical, sport goods and carpet sector exporters. Refunds is pending since long in million for rupees at Sales Tax Collectorates […]

KARACHI: A better governance and economy always play a vital role in ensuring a meaningful budgetary exercise for the country. Economists and budget experts are confident that financial managers responsible for the upcoming budget 2017-18 would invite and consider the budget proposals of industrial and trade sector of the country. Executive representatives of all prime […]

KARACHI: There is sheer possibility for Pakistan to earn over $30 billion from exports of the dairy products on more than one count, sector people remarked. Pakistan has an edge over Brazil to export its milk in the international market at a much lower price. Iran, China, Malaysia, The Philippines, Sri Lanka, Bangladesh, Indonesia and […]

KARACHI: Indolent conduct of ministries of Finance (MoF) and Commerce (MoC) and lethargic approach of Federal Board of Revenue (FBR) for not taking prompt steps to do away with their own follies have inflicted millions of dollar export orders loss to leather sector at 3-day Hong Kong Asia Pacific leather fair, concluded on Saturday. “Despite […]

KARACHI: The Textile Ministry and concerned agencies responsible for the protection of crops should take preemptive measures in order to safeguard the cotton crop from different virus attacks and use of uncertified seeds by growers. The cotton crop should be protected from possible virus attacks in cotton growing areas in Sindh and Punjab, as the […]

KARACHI: Representatives of five $10 billion export-oriented industrial sectors as well as promising export potential industry have expressed mixed reactions on the unchanged basic points system (bps) in the discount rate (DR) by the State Bank of Pakistan (SBP) in a Monetary Policy statement on Saturday. Senior members of textile, leather, marble, surgery, sporting goods […]

KARACHI: Pakistan is a growing market for floral products, particularly of cut flowers and there is a huge demand for cut flowers, especially roses and tulips. Market players have the potential to export cut flowers, but they need infrastructural support from the government. Exporting to the world’s largest importers of fresh flowers like the United […]

KARACHI: Talks between India and Pakistan under the Indus Water Treaty 1960 are being held in Lahore from Monday (today). On invitation of the Pakistani water commissioner, his Indian counterpart has arrived along with a 10-member team in Lahore through the Wahga Border. It is anticipated that issues, three western rivers Chenab, Jhelum and Indus […]

KARACHI: The Ministry of Textile remained reluctant to allow transforming the Karachi Cotton Exchange (KCE) into the Pakistan Cotton Exchange (PCE) and proposed launching of the Cotton Price Index (CPI), while the start of hedge trading has remained in the cold storage. The matter of proposed launching of the CPI and resumption of hedge trading […]