Dollar thumps rupee to ground on demand, pressure on forex on December 13, 2017KARACHI: The rupee is still under constant pressure against the dollar for the last three consecutive sessions as it closed at Rs 110.10 for buying in the open market transactions. This continued downward rally of the rupee against the dollar is greatly contributed to Pakistan’s meeting all prior conditions by the international donors for qualifying […]
Months-long standoff between PSMA, sugarcane growers ends on December 5, 2017KARACHI: Months-long standoff between Pakistan Sugar Mills Association (PSMA) Sindh chapter and sugarcane growers has ended after the approval of Sindh government to provide subsidy on the export of sugar. Millers had refused to buy sugarcane at Rs 182 per kilogramme, saying it was not feasible for them until and unless they were allowed export […]
‘Policies needed for financial inclusion of women entrepreneurs’ on November 22, 2017KARACHI: There is a need to encourage women entrepreneurs to enter professions other than livestock, agriculture and enterprise activities. This can be done through, among other ideas, holding vocational training sessions and short courses to inspire young and educated women, especially the business degree holders in the country. Despite tall claims, concerned government functionaries have […]
PM, Sindh governor discuss law, order and uplift projects on November 20, 2017KARACHI: Prime Minister Shahid Khaqan Abbasi and Sindh Governor Muhammad Zubair Sunday discussed ongoing development projects in Sindh, besides the situation of law and order. Soon after his arrival on a two-day visit to Karachi, premier Abbasi reached the Governor House where he held the meeting with the governor. The premier said that the federal […]
MQM-P, PSP go ‘Muttahidda’ on November 9, 2017KARACHI: The Muttahida Quami Movement-Pakistan (MQM-P) and Pak Sarzameen Party (PSP) on Wednesday announced to forge a joint political alliance and also decided to contest the next general election under a single banner, manifesto and symbol. Addressing a joint press conference along with PSP chief Mustafa Kamal at the Karachi Press Club, MQM-P leader Dr […]
‘Govt uninterested in addressing issues of exports sector’ on November 3, 2017KARACHI: Ministry of Commerce and financial managers at the helm of government affairs remain reluctant to address the issues raised in frequent applications by Pakistan export-oriented industrial sectors, senior representatives of textile and tanners sector lamented. “Our exports are on a continuous decline while regional countries’ exports are growing. No step has so far been […]
Experts call for inward investment to boost exports on October 27, 2017KARACHI: There is a dire need of inward investment of human resources and adaptation of ethical behaviour, business ethics and professional modules to promote business and trade, experts maintained. To maximise benefits of new global commerce developments and other innovations, competitors should go for building market-leading positions in order to enhance revenues. Agha Saiddain, an […]
Food security vital for economic growth: experts on October 8, 2017KARACHI: A stable economy would ensure improvement in food security in the country as the country was facing chronic food insecurity due to insufficient agriculture production, political instability and corruption, said the executive representatives of industrial sector. The representatives of industrial sector said that a concerted improvement and changes in governance had to be carried […]
Traders want 1% cut in interest rate on October 3, 2017KARACHI: The majority of export-oriented sectors and industrial units in the country were of the view that State Bank of Pakistan (SBP) should have considered at least one percent downward change in basis point system (Bps) in the policy rate. “The SBP in view of high cost of doing business and delayed government initiatives in […]
Empowering SMEs with modern techniques is need of the hour on September 29, 2017KARACHI: Empowering small and medium enterprises (SMEs) with modern business techniques, training and access to potential investors for economic growth is the need of the hour. The economic share of SMEs stands more than 65 percent in the total industrial, trade and business activity in the country has a large chunk in providing employment and […]