Need stressed to focus on local research, producing indigenous vaccines for livestock on June 11, 2017KARACHI: Scientists should focus their attention to extend local research for producing indigenous vaccines for animal disease control to reduce economic losses to poor farmers on costly imported material. Still Pakistan has no any quality vaccine preparing unit in the country and country needs assistance for escalating livestock and fisheries production in the Sindh and […]
Textile Ministry to enhance capacity building of cotton fibre testing labs on June 8, 2017KARACHI: The cotton sector stakeholders asked the Textile Ministry to enhance the capacity building of cotton fibre testing laboratories in Sindh and Punjab stations. These testing units have either fallen to the dull interest of the officials of Pakistan Cotton Standard Institute or Textile Ministry’s unmoved stance for the last many months showing lull interest […]
Budget 2017-18 lacks measures to create 2.5m jobs per year on June 6, 2017KARACHI: The federal budget fiscal year 2017-18 remained a number game with no incentives for industry, no any measures for job creation but more focus on revenue collection, representatives of business community viewed. They said that government remained non-serious to explore new venues for revenue generation and no efforts had been taken to plug revenue […]
Import of tomato seeds up, vegetable seeds under control on June 3, 2017KARACHI: On better grade yielding domestically of hybrid level, import of all type of vegetable seeds has witnessed 5 percent decline during July 2016 to May 2017, importers said. However, import of tomato seed increased by 10 percent to Rs 300 million during July-May 2017. The import of most of the vegetable seeds from Europe, […]
Government to call meeting for cotton hedge trading in country: stakeholders on June 3, 2017KARACHI: The cotton trading and ginning sector is waiting for the final signal by the government when it allows Karachi Cotton Association (KCA) to initiate hedge trading in the country. In the annual budget 2017-18 speech, Finance Minister Ishaq Dar gave a clear-cut impression that the government would soon take up the cotton hedge trading […]
Duty on imported milk powder increased up to 60% on May 28, 2017KARACHI: The import duty on all kinds of imported milk powder in the country would surge around 60 percent from 45 percent in the wake of duty rise in fiscal budget 2017-18, the leading importers said. The country imports are around 5,050 tonnes of milk powder a month. The international price of skimmed and fat […]
Privatisation is only option when rescue plans fail on May 25, 2017KARACHI: More than ‘one-go rescue plans’ of successive governments for revitalisation of state-owned entities (SOEs) – Pakistan Steel Mills (PSM), Pakistan International Airline (PIA), Pakistan Railway, Kot Addu Power, National Power Construction Corporation and Pak Arab Refinery – failed to put any positive impact. It would be hard for the government to set and convert […]
Cheap power, FDI incentives and expansion of tax net should be hallmark of budget on May 23, 2017KARACHI: Major export-oriented industrial sector, chambers and leading business commerce and trade associations of the country have urged the government to give greater emphasis on promotion of power generation avenues in the forthcoming annual budget 2017-18. The industries and domestic consumers are very much relying on furnace oil power generation, which is much costlier than […]
Better packaging and processing can boost fruit exports on May 21, 2017KARACHI: Pakistan’s agriculture has tremendous potential but lacks processing and packaging industry for the forward linkages with national and global markets. Agriculture value chain for multiplying the growth of agriculture sector was overlooked, exporters and agro experts opined. Country has great potential in fruit, vegetable, horticulture and livestock products but it could not be fully […]
No audit of WWF funds since 1979 on May 17, 2017KARACHI: No audit on any authentic grounds has been initiated to determine the enormous anomalies in the Protector of Emigrants Workers Welfare Fund (WWF), established in March 1979, for overseas Pakistanis. Even after 38 years, the consecutive governments in power did not bother to highlight the misappropriation in the WWF. The Public Account Committee of […]