Pakistans first deep sea terminal project still not materialised on December 11, 2016KARACHI: The commercial operations at South Asia Pakistan Terminals (SAPT), Pakistan’s first deep sea container terminal project, could not start even after the lapse of 6 years mainly due to lack of homework, including dredging, to be done by the concerned departments. The inauguration of the terminal has been postponed again by the authorities which […]
Forex dealers seek FM’s intervention on November 30, 2016KARACHI: Foreign Exchange (Forex) dealers have approached the federal finance minister, Senator Ishaq Dar, seeking his ministry’s intervention to ease the pressure on Pak rupee against US dollar in the open market which is constantly losing value on the back of increasing gold smuggling and under-invoicing. The gap between greenback and Pak rupee has widened […]
Materialise the dream Keep political interests out of CPEC projects on November 21, 2016KARACHI: With the commencement of commercial activities from Gwadar Port under the China Pakistan Economic Corridor (CPEC), more than fifty years old dream has been translated into reality, said veteran politician, businessman and Federation of Pakistan Chambers of Commerce and Industry’s Pakistan-UAE Business Council Chairman Dr Mirza Ikhtiar Baig, urging all political parties to keep […]
SBP suggests measures to prop up faltering exports on November 20, 2016KARACHI: Terming decrease in exports a key challenge for the economy, particularly for stability of external financial position (balance of payment), the State Bank of Pakistan (SBP) has suggested measures to reverse the current falling trend. Pakistani exporters need to keep pace with changing consumer preference in their key markets and adjust their product mix […]
PSX recovers from negative impact of Trumps victory on November 10, 2016KARACHI: At first investors, seeing the results of US presidential election, shrieked in horror as the index took nose dived by 760 points, however, later took sigh of relief and u-turned as they found solace in Donald Trump’s, the 45th US president, winning speech. The benchmark KSE 100 index closed positive with gains of 89 […]
Power generation rises, 32.81GwH added to national grid on November 5, 2016KARACHI: Power generation in the country has increased by 5.7 percent in the first quarter of current fiscal year (1QFY17) to 32.81GwH (Gigawatt hours), electricity was supplied to the national grid, amounting to a dependable capacity of 14,861 MW, up by 6.7 percent YoY. According to the available data during month of September 2016 electricity […]
Pakistan equities gain as political situation eases off, Market eyes new peaks on November 2, 2016Karachi: Pakistan equities, amid calming down political situation following Supreme Court’s decision towards smooth settlement on panama inquiry, registered highest ever increase of 1406.03 points in the KSE 100 index as investors’ positive sentiments helped market to rally to close above 40,000 level at 41,299 mark. Stocks were higher at open on thin volumes on […]
Credit to private sector vital for economic growth on October 23, 2016KARACHI: Strict regulatory regime has helped Pakistan’s banking industry to survive in unfavorable conditions despite local and international challenges, said Silk Bank President and CEO Azmat Tareen during an exclusive interview with Daily Times. The veteran banker said for the interest regime, banks would be forced to look out for other investment avenues also, besides […]
Business community will be at forefront in case of aggression on September 24, 2016Karachi: Veteran businessman and Chairman of AKD Group Aqeel Karim Dhedhi (AKD) has said that Pakistan is a nuclear power and India will not dare to attack any nuclear power. In case of any Indian aggression at Pakistan’s borders business community will be at forefront with Pakistan’s military to defend the motherland in all possible […]
Brexit will not affect Pak-UK bilateral trade: Lewis on September 22, 2016Karachi: Trade between Pakistan and United Kingdom UK will not be effected by Brexit as both the countries have long history of bilateral trade relations. In post Brexit era continuity of trade will be ensured and the trade agreements could be negotiated, British Deputy High Commissioner in Karachi, Belinda Lewis said while talking to Daily […]