Export earnings may discourage farmers from rearing animals on December 6, 2016KARACHI: Farmers may be found discouraged into abandoning rearing animals for livestock sector as its export brings little benefit to them, the people in general and to the industry itself. There is a misconception that poor farmers get better value of their animals being exported to Afghanistan and other countries. In fact, exporters of live […]
Country lacks facilities for manufacturing medical equipment on December 3, 2016KARACHI: Lack of interest to set up plants for manufacturing health and medical machinery since the inception of the country has cost the national exchequer with millions of foreign exchange on imports annually. We do not give attention to the prime sectors of education and health as they only pay back heavily after investment while […]
‘Industries, exporters to boost exports of traditional, non-traditional products’ on December 1, 2016KARACHI: The representatives of industrial and trade bodies urged registered members and other industrial units and exporters to enhance exports of traditional and non-traditional products. This will increase amount of foreign exchange earnings, helping Pakistan compete with neighbouring countries well. Pakistan is the gateway to three important economic blocks of countries, with Karachi providing access […]
Businessmen show mixed reaction on unchanged basic points system on November 28, 2016KARACHI: The representatives of prime export-oriented industrial sectors in the country showed a mixed reaction on unchanged basic points system (bps) in discount rate (DR) by State Bank of Pakistan (SBP). Representatives of textile, leather, surgical, sport goods and marble and trade bodies opined that SBP would have to cut at least 50 bps in […]
50 Italian firms to visit Pakistan on November 26, 2016KARACHI: Around 50 Italian companies will be visiting Pakistan from December 5 to December 7 to hold business-to-business meetings in the fields of infrastructure development, textile, leather, marble, stones, agriculture, food processing and information communication technology. The Board of Investment (BoI) is organising the event to provide Pakistani businessmen with an opportunity to interact with […]
Cotton prices to remain high as demand grows on November 20, 2016KARACHI: Cotton prices in the country face a slight depression, but would remain on high side due to the growing demand of the commodity by textile and spinning sectors. The import of cotton was under tight consideration as its international prices were on parity with prices in the country, said Pakistan Yarn Merchant Association senior […]
Textile industry urges govt to reduce electricity, gas and water tariffs on November 19, 2016KARACHI: The value-added textile exporters have urged the government to take serious measures to decrease the tariffs of electricity, gas and water. Talking to Textile Secretary Hassan Iqbal, the representatives of Pakistan Apparel Forum (PAF), Pakistan Hosiery Manufacturers Association (PHMA), Pakistan Knitwear and Sweater Exporters Association (PAKSEA), Pakistan Cotton Fashion Apparel (PCFA) and others said […]
WB keen on developing marble sector of Pakistan on November 16, 2016KARACHI: The first phase of capacity building component initiated by World Bank’s Multi-Donor Trust Fund (MDTF) in marble sector has achieved maximum goals in Federally Administrated Tribal Areas (FATA). However, progress of this component in Khyber Pakhtunkhwa (KP) remained slow due to lack of administration and other factors. Talking to Daily Times, WB MDTF project […]
Palm olein import likely to jump 10% to 3.21m tonnes on November 10, 2016KARACHI: The import of palm olien is likely to increase by 10 percent due to lower than expected international output, lesser yield of cottonseed in the country and surge in prices of all sorts of oils world over, millers and traders said on Wednesday. Importers said Pakistan imported around 502,100 tonnes of edible oil from […]
Poor govt policies hampering agriculture growth on November 5, 2016KARACHI: Inappropriate and poor policy of the finance managers in the government was keeping the agriculture growth at a lower web, said agriculture experts. “The Annual Budget 2016-17 was an eyewash in this regard. The multi-facet reasons would weaken the aggregate performance of the agriculture sector and prospects of achieving the growth target would remain […]