Category archives for: Business

Committee to review energy situation

A three members committee comprising Federal Ministers for Petroleum, Water and Power and Advisor on Finance has been constituted to review the energy situation and give its recommendations with a view to improve the power situation in the country.   This decision was taken by Prime Minister Justice (R) Mir Hazar Khan Khoso while chairing […]

Pakistan’s first Hydroelectric project powered by IBM

Streamlining Hydropower operations on the Jhelum River   Karachi, Pakistan, April 25, 2013: Tenaga Nasional Bhd (TNB) Remaco, the operator of Pakistan’s first private sector hydroelectric power scheme, has tapped IBM (NYSE:IBM) to help meet the business challenges of running the $235 million plant. TNB Remaco chose IBM software to help streamline business operations.   […]

Local Organisations Strengthened with Grants Worth 310,000 US $ in Pakistan

Karachi, April 26th, 2013– At the 9th Inaugural NCB meeting of the Mangroves for the Future Programme, leading regional and local coastal experts are emphasizing how empowering local organisations and the communities is imperative for a healthy ecosystem. As a developing nation, we have a stake in protecting coastal areas as essential sources of food, […]

Pakistan to hold IMF talks in Washington

A high level Pakistani delegation is scheduled to leave for United States on April 16, to attend annual mandatory spring talks with IMF and World Bank.   Advisor to Prime Minister on Finance, Dr. Shahid Amjad Chaudhry will head the delegation.   The visit was announced hours after the Dr. Chaudhry was appointed advisor on […]

PM forms committee for Pakistan Steel Mills financial bailout

Prime Minister Justice (R) Mir Hazar Khan Khoso has constituted a three-member committee to give concrete and practical recommendations to overcome Pakistan Steel Mills present financial woes.   The Prime Minister was presiding over a high level meeting to review the overall performance of PSM, its issues and challenges, the PM office said.   The […]

FBR says no new tax has been imposed on Cell Phones

FBR has clarified that no new tax has been imposed on cell phones as is wrongly being portrayed by some quarters.   The fixed amount of sales tax on activation stage was first introduced through SRO 390(I)/2001 dated 18th June, 2001, with a rate of Rs. 2000 per cell phone. However, on the request of […]

UN official advises Pakistan to focus on regional trade

A senior United Nations official has advised Pakistan that instead of striving to trade with Europe and the West‚ the country should concentrate on trade within the region.   Country Director of the United Nations Development Programme (UNDP) in Pakistan Marc-André Franche said trade with neighbours and sharing of experiences and innovations also help reduce […]

Pakistani companies showcase products at Malaysia Halal Show

Six leading Pakistani food and beverage companies are attending the 10th edition of Malaysian International Halal Showcase (MIHAS) 2013 which started on Wednesday at the Kuala Lumpur Convention Centre (KLCC) in the Malaysian capital.   The four-day international trade fair being organized by the Ministry of International Trade & Industry (MITI) Malaysia has brought together […]

Pakistan, China to pursue $14 billion projects in five-year plan

Pakistan and China have identified 36 projects worth US$ 14 billion which cover education, healthcare, water conservancy, agriculture, transport, energy, and environment in a five-year plan, Pakistan ambassador in Beijing said Friday.   Ambassador, Masood Khalid, said this while addressing a select group of prominent Chinese entrepreneurs at the Pakistan Embassy.   He said a […]

Pakistan seeks increase in Iran gas import

A senior Iranian official says Pakistan has sought increase in the volume of gas to be imported through the peace pipeline.   Managing Director of National Iranian Gas Company (NIGC) Javad Oji said that Iran plans to export 21 million cubic meters gas per day initially to Pakistan via the peace pipeline.   Pakistan favors […]

Weekly inflation goes up by 0.51 per cent

The Sensitive Price Indicator (SPI) for the week ended on March 7 for the lowest income group up to Rs.8,000 increased by 0.51 per cent as compared to the previous week.   The SPI for the week under review in the above mentioned group was recorded at 186.36 points against 185.42 points registered in the […]

ECC approves GST, customs exemption on Karachi Circular Railway

The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved exemption of all foreign and local components of the Karachi Circular Railway from imposition of general sales tax, customs duty and other federal levies in order to ensure financial viability of the project.   To facilitate and accelerate the project of Karachi Circular Railways, Ministry […]

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