Ministries fail to ban use of asbestos sheets on May 2, 2017KARACHI: Ministries of Industry and Health have not been able to announce ban of manufacturing, import and use of asbestos sheets. Thousands of documented and undocumented cottage industries in the several industrial estates and parts of cities in the country have asbestos sheets sheds where they manufacture their respective products. Besides uncounted bakeries and food […]
Nawaz will have to answer for allegations against army: Imran on May 1, 2017 KARACHI: Prime Minister Nawaz Sharif will have to answer for the allegations levelled against the army in the Dawn Leaks case, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Sunday. He was addressing a ‘Haqooq-i-Karachi’ rally at Jail Chowrangi in Karachi. “People will hold you accountable for how you put the national security at […]
Nawaz will have to answer for allegations against army: Imran on May 1, 2017 KARACHI: Prime Minister Nawaz Sharif will have to answer for the allegations levelled against the army in the Dawn Leaks case, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Sunday. He was addressing a ‘Haqooq-i-Karachi’ rally at Jail Chowrangi in Karachi. “People will hold you accountable for how you put the national security at […]
SMEDAs Development Plan 2013-2018 remains underdog on April 29, 2017KARACHI: The development plan of Small and Medium Enterprises Development Authority (SMEDA) for five-year ‘SME Development 2013-2018’ has failed to show any progression-success, business people asserted. This had been pledged by the then Chief Executive Officer Sardar Ahmad Nawaz in 2013 that new five-year plan has been envisaged protection of interests of small and medium […]
Pakistan can save $1.2bn by promoting local edible oil on April 27, 2017KARACHI: Pakistan can save over $1.2 billion annually by encouraging the domestic edible oil sector, experts on extraction of edible oils opined. Over 2.6 million tonnes of edible oil imports cost more than $3.1 billion annually making it the second largest import after petroleum products, which compromises the balance of payments capacity, they asserted. The […]
Leather sector can benefit from Vietnams footwear industry on April 21, 2017KARACHI: Pakistan’s 2nd prime export-oriented leather sector can get more benefit from the footwear industry of Vietnam, which needs a very large number of finished leather for its shoe exports worth $4.9 billion. Vietnam exports mainly textile footwear and this category represents 47 percent in total footwear exports followed by leather footwear, with a share […]
Improvement in fundamentals can revive economy on April 14, 2017KARACHI: Macroeconomic stability, improvement in economic fundamentals along with strengthening export-oriented sectors would greatly help to revive the economy of Pakistan, economist and industrialists asserted. Pakistan has vast economic opportunities in milieu of China-Pakistan Economic Corridor (CPEC), as CPEC would boost economic growth and development, they hoped. Commerce Ministry should bring improvement at its strategies […]
Websites, unregistered firms denting tourism industry on April 9, 2017KARACHI: The tourism industry on Saturday expressed concern regarding downfall of the industry. They said they were running their businesses on soft terms in order to facilitate travellers economically. “The main impediment in our sector business downfall can surely be attributed to ‘booking.com’ and other similar websites and applications that are unkind to further develop […]
Slothful conduct of MoF, MoC and FBR eats millions of dollars: exporters on April 1, 2017 KARACHI: The indolent conduct of the ministries of Finance (MoF) and Commerce (MoC) and the lethargic approach taken by the Federal Board of Revenue (FBR) in not taking prompt steps to do away with their own follies have inflicted a loss of millions of dollars in export orders to the leather sector at a […]
Leather exports decline 6.36% to $8.2bn in July-Feb 2017 on dull steps by ministries, FBR on April 1, 2017KARACHI: During July 2016 to February 2017 leather and leather products exports have witnessed a decline to around 6.36 percent to $8.2 billion, which is certainly alarming and this trend could be more negative at the time of conclusion of financial year June 2017, said executive members of Pakistan Tanners Association (PTA). Ministry of Finance, […]