Export Development Fund not in commerce ministers reach on January 17, 2017ISLAMABAD: Commerce Minister Khurram Dastgir on Tuesday admitted before a Senate body that the Export Development Fund is out of his reach. A meeting was held under PTI Senator Shibli Faraz in which matters related to Free Trade Agreement (FTAs) and Commerce Ministry’s budget allocation were discussed. The committee expressed its resentment on the halt […]
Export Development Fund not in commerce ministers reach on January 17, 2017 ISLAMABAD: Commerce Minister Khurram Dastgir on Tuesday admitted before a Senate body that the Export Development Fund is out of his reach. A meeting was held under PTI Senator Shibli Faraz in which matters related to Free Trade Agreement (FTAs) and Commerce Ministry’s budget allocation was discussed. The committee expressed its resentment on the […]
Cigarette advertising affecting kids as young as six on January 13, 2017ISLAMABAD: Multinational cigarette companies are not only breaking advertisement laws by targeting youth, but also taking benefit of the unregulated cigarette industry through pressure tactics. Resultantly, these manufacturers are reaping billions, while cleverly diverting the attention of the Government Agencies away from them. In a recent incident, Karachi based multinational cigarette manufacturing company Philip Morris […]
Philip Morris admits to illegal production at unregistered cigarette factory on December 26, 2016ISLAMABAD: Karachi-based multinational cigarette manufacturing company Philip Morris (Pakistan) Ltd has confessed to illegal use of its machinery installed in the unregistered cigarette factory in Buner (KP). Well placed sources in FBR told Daily Times that the tax department has initiated an inquiry against the company and owner of the factory who were trying to […]
Philip Morris admits illegal activities in unregistered cigarette factory on December 26, 2016ISLAMABAD: Karachi-based multinational cigarette manufacturing company, Philip Morris (Pakistan) Ltd, has confessed to illegal use of its machinery installed in the unregistered cigarette factory in Buner (KP). Well-placed sources in FBR told Daily Times that the tax department has initiated an inquiry against the company and owner of the factory who were trying to install […]
FBR confiscates large amounts of illegal tobacco on December 16, 2016ISLAMABAD: Federal Board of Revenue Intelligence and Investigation Inland Revenue (IR) confiscated illegal tobacco and other materials in a blatant move against illegal cigarette making unit in Buner. Documents available with Daily Times revealed that Directorate of Intelligence and Investigation FBR conducted a raid on unregistered cigarette manufacturing unit in Buner that is […]
China refuses to give Pakistanmore concessions on FTA on December 9, 2016ISLAMABAD: China has reportedly refused to give more concessions to Pakistan on the existing Free Trade Agreement (FTA). An official at the Ministry of Commerce told this scribe on the condition of anonymity that China was ready to give more concessions in FTA-II, but it had declined to give concessions on the existing FTA that […]
Private companies mixing carcinogens in childrens milk on December 8, 2016ISLAMABAD: It has been disclosed that private companies were mixing harmful powder in children’s milk, which increased their chances of getting cancer. This was stated in the Senate Standing Committee on commerce on Wednesday when discussions were held on the question of Senator Ateeq Sheikh regarding the import of huge quantity of powdered milk. Senator […]
ADB and Pakistan to sign pact for $200m tranche on December 2, 2016ISLAMABAD: The Asian Development Bank (ADB) and Pakistan will sign an agreement under the Pakistan National Disaster Management Fund for first tranche of $200 million today (Friday). According to documents available with Daily Times, the bank will provide $1 billion loan to Pakistan under the multi-tranche financing facility for the Pakistan National Disaster Management Fund […]
NA body slams NAB over inaction on December 2, 2016 ISLAMABAD: The National Assembly’s Standing Committee on Finance has shown its displeasure over the performance of the National Accountability Bureau (NAB) with regard to the delay in investigation against officials involved in National Bank of Pakistan’s (NBP) Bangladesh scam. The committee met under the chairmanship of Qaiser Ahmad Sheikh on Thursday and discussed the […]