Export-oriented industries seek early payment of refund claims on March 28, 2018KARACHI: Stakeholders in the export-oriented industrial sector have demanded that the government should expedite payment of stuck-up refund claims worth Rs 250 billion. The executives of industrial organisations have lamented that officials concerned were not paying attention to the issue. The amount that has yet t be cleared includes Rs40 billion in sales tax refund […]
‘Smuggling of livestock, food grains hurting economy’ on March 24, 2018KARACHI: The Ministry of National Food Security and Research (MNFS&R) is not paying attention to preventing smuggling of livestock and food grain, industry stakeholders complain. They say that smuggling of livestock instead of their use in tertiary sector industries was depriving the country of precious foreign exchange. “There is a misconception that poor farmers get […]
Export sector upbeat on growth prospect after China’s assurance on March 21, 2018KARACHI: Industrial export sector of the country would get level playing field following assurance of Chinese government that it would hold a meeting on the status of negotiations on phase II of China-Pakistan Free Trade Agreement (FTA). Executive members of industrial export sectors, including textile, leather, marble and others described the step as a good […]
How to turnaround public-sector enterprises on February 24, 2018KARACHI: Amid recent statements by the government and the opposition over the longstanding issue of privatisation of public-sector enterprises, economists and industrial experts have held that the issue involves several bottlenecks to be dealt with before any concrete progress can be made on the matter. Recently, Prime Minister Shahid Khaqan Abbasi had said that the […]
‘Better terms of loan to SMEs vital towards firm economic development’ on February 1, 2018KARACHI: Out of 3.2 million registered Small and Medium Enterprises (SMEs) in the country, only 6 percent of the units have succeeded in getting commercial bank loans under the State Bank of Pakistan’s (SBP) policy while more than 40 percent were trying to get commercial bank loan facilities. The importance of the SME sector can […]
Cotton import to touch $1.20 billion in 2018 on output shortfall, duty cut on import on January 24, 2018KARACHI: The cotton import by the textile and spinning sector of the country will likely touch more than $1.20 billion in 2018 on import of 4.3 million bales on the back of around 3.6 million bales shortfall in production and lifting of Customs Duty on cotton imports. It is expected that importers would mature deals […]
It is time for US to do more, not Pakistan on January 10, 2018KARACHI: United States of America should ‘do more’ rather keep asking Pakistan to ‘do more’ without any wisdom and having no knowledge of ground realities in Pakistan’s huge human lives and economic sacrifices against war on terror. US is very well aware about the production, trafficking routes, stakeholders involved in trade and production and use […]
‘US never serious helping out Pakistan, business community on Trump’s rant’ on January 5, 2018KARACHI: United States has never been serious about helping Pakistan to become an economically developed country. Even Pakistan’s largest bilateral trading partner, US administration in the past and present had taken no interest in this regard, representatives of business community have maintained. Flaying US President Trump’s rant against Pakistan the people of the export-oriented industrial […]
Govt urged to protect local industry to boost economy on December 27, 2017KARACHI: The progression of five export-oriented sectors, including developing industrial sectors, would face negative economic impact if the government could not put in place a framework to ensure 100 percent utilisation of the local industry, business people have opined. The government’s steps protecting local industrial sectors including textile, garments, tanning, sport goods, surgical, carpet, marble […]
Banks, currency dealers pump dollars in market to stop further falling of domestic unit on December 14, 2017KARACHI: Commercial banks and private currency dealers pumped dollars into the money market to stop further falling of domestic unit in value versus dollar. Around an estimated $235 million were put into the market by these two currency controllers besides holding of exporters and forward deal holdings of leading importers in the country were also […]