Traders unhappy with impounding of containers on November 2, 2016KARACHI: Export-oriented industrialists on Tuesday expressed displeasure over impounding of containers by the government and termed it damaging for exporters and traders. They were of the view that due to the impounding of large number of containers, business community was facing huge losses as most of the containers were stuffed with perishable items, which have […]
Expensive Indian lint not viable, as textile faces 3.5 million bales shortfall on October 22, 2016KARACHI: It is not possible for the textile sector to import cotton lint from India on higher rates under the present political circumstances, as the sector is currently facing a shortfall of 3.5 million bales, traders and importers said. The textile sector bought around 4.5 million bales of cotton from the domestic producers this year. […]
Leather sector bears the brunt of govts apathy on October 15, 2016KARACHI: Despite a decrease in market share, the leather sector is still enjoying the second position in industrial exports ranking of the country after the textile sector, said former Pakistan Tanners Association (PTA) chairman Agha Saiddain. Talking to Daily Times, Saiddain said the leather sector fetched $0.981 billion during fiscal year 2015-16 as against $1.049 […]
Traders vow to resist early closure of markets on October 15, 2016KARACHI: The traders’ associations have announced to resist the decision of Sindh government to close down shopping centers, shops, and wedding halls by 7pm and 10pm, respectively. A meeting of traders and other stakeholders in this regard would be held today (Saturday) to formulate future line of action against the decision. The provincial government has […]
Tackling food security crisis is need of the hour on October 12, 2016 KARACHI: There is a dire need to tackle the silent food security crisis that Pakistan is facing as no serious steps were taken to improve the condition for decades. It is time to ward off the looming crisis and all the stakeholders need to not only fight challenges Pakistan is facing in this regard […]
Industrial units, trade centres waiting completion of Malir Road, repair of bridge on October 9, 2016KARACHI: The industrial units and trade centers within the jurisdiction of Landhi and Korangi industrial estates (Bin Qasim and Malir) are still waiting for the completion of Malir Road. The slow pace of repair and maintenance work is causing great distress to the commuters, and there seems to be a complete lack of planning in […]
Better processing can boost dates exports by 800 percent on October 1, 2016KARACHI: There is a dire need to increase and bettering of pitted and stuffed dates as this process would increase level of value addition. Dates processing plants one each at Khairpur and Dera Ismail Khan were not in proper conditions while Turbat plant in Balochistan was not functioning ‘up-to-the-mark’, which was established on public private […]
Better processing can boost dates exports by 800 percent on October 1, 2016KARACHI: There is a dire need to increase and bettering of pitted and stuffed dates as this process would increase level of value addition. Dates processing plants one each at Khairpur and Dera Ismail Khan were not in proper conditions while Turbat plant in Balochistan was not functioning ‘up-to-the-mark’, which was established on public private […]
Rationalising duties on paper import to benefit end users: PPPBMA, APPMA on September 27, 2016KARACHI: Government should take measures with cooperation of paper manufacturing units and paper importers of the country in order to provide price relief on consumption by consumers at education, office and government levels. There has been always a tug of war between paper manufacturing units and paper products importers in the country, which resulted misery […]
Traders, industrialists show mixed reaction on basic points system on September 25, 2016 KARACHI: Businessmen and industrialists expressed mixed reaction on unchanged basic points system (bps) in discount rate (DR) by State Bank of Pakistan (SBP) in Monetary Policy statement on Saturday. Representatives of textile, leather, marble, surgery and trade bodies were of the opinion SBP would have to cut 50 bps to 100 bps in policy […]