Traders flay NEPRA for increasing tariff on September 23, 2017KARACHI: The executive representatives of industrial and trade sector of the country, criticising National Electric Power Regulatory Authority (NEPRA), on increasing 48 paisa per unit on an average in electricity tariff have said that such raise would put additional burden of more than Rs 24.34 billion on power consumers. They said that the National Electric […]
Copyright for seed vital for achieving cotton target on September 13, 2017KARACHI: The demand of growers and ginners to the government for implementing copyright for cottonseed has been remained a far cry since a decade, leading traders and growers maintained. Around 80 percent of the total cultivation is Bacillus thuringiensis (BT) cotton in Sindh while 70 percent is in Punjab. Multan division is the largest traditional […]
Business community condemns genocide of Rohingya Muslims on September 8, 2017KARACHI: The business community of the country has expressed grief over the genocide of innocent Rohingya Muslim minority in Myanmar. The world’s conscience should play its due humane role in taking appropriate steps to stop the killings of a large number of innocent Muslims at the behest of the Burmese leadership. United Nations and developed […]
Power and gas load shedding damage quality of hides on September 7, 2017KARACHI: Around 8.1 million sacrificial animals were slaughtered in three days of this Eidul Azha in the country, members of Pakistan Tanneries Association (PTA) informed. The cow slaughtering registered an increase around 6-7 percent to around 3 million this year as compared to last Eid due to higher price of goats and other small animals. […]
PM is ignoring small and medium exporters? on August 30, 2017KARACHI: The prime segment of textile made-ups and products export sector-Pakistan Apparel Forum has expressed reservations over Prime Minister Shahid Khaqan Abbasi’s meetings with some big industrialists and businessmen only during his recent visit to Karachi. Ignoring small and medium enterprise and export industry representatives has portrayed that present government mindset was still following footsteps […]
Uninterrupted power and gas vital for processing of hides on August 29, 2017KARACHI: Uninterrupted power and gas supply remained a pivotal factor for smooth and safer processing of hides and skins of sacrificial animals collected on eve of Eidul Azha, Pakistan Tanners Association maintained. These utilities are vital need of sector for smooth execution of exports orders and fetching precious foreign exchange for promotion of country’s exports. […]
Govt’s incentives, preferential conduct can help reduce trade deficit on August 26, 2017KARACHI: The government incentives and special package to exporters with reduced taxes and preferential treatment would turnaround the increasingly huge trade deficit of the country, executive members of export-oriented industrial and agro-based sector have asserted. They have urged the ministers of commerce, industry, and finance and financial managers of the government to take concrete measures […]
Cost of doing business in Pakistan remains very high on August 22, 2017KARACHI: The government has sucked all working capital of exporters in shape of refunds of sales tax, duty drawback and income tax, executives of prime export-oriented sectors have maintained. On the other hand the cost of doing business in Pakistan remained very high as compared to competing regional countries. And exporters are being faced load […]
Pakistan can double exports within couple of years on August 20, 2017KARACHI: There is dire need of formation of new trade specific export promotion agencies having independent budgets and policies, industrial prime export-oriented and agriculture sector people were of the view. Quick gyrate and radical economic reforms through a long-term administration can increase existing export base and demand-led production of agricultural products, especially high value textile, […]
Harmony of govt-political parties vital for eco-development on August 16, 2017KARACHI: There is a dire need in keeping harmony between the government and political parties to keep going the economic development on sustainable grounds. Saner elements of both sides should realise that Pakistan has been struggling on more than one count on economic front but at the same time people-in and outside of the government […]