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Home / Author Archives: M Arshad (page 49)

Author Archives: M Arshad

TDAP to organize ‘Alishan Pakistan’ exhibition in New Delhi

ISLAMABAD: Despite strong opposition by an Indian Hindu fundamentalist organisation, preparations are in full swing to make the upcoming event ‘Aalishan Pakistan’ lifestyle exhibition in New Delhi a big success. The event is being organised by Trade Development Authority of Pakistan (TDAP). The Hindu Janajagruti Samiti (HJS), working for establishment of Hindu society, has demanded the Indian government stop the ... Read More »

Pakistan, India chambers to discuss bilateral trade issues

ISLAMABAD: The India Pakistan Chamber of Commerce and Industry (IPCCI) is planning to discuss various issues pertaining to bilateral trade and economic relations as preparation for ‘Aalishan Pakistan’ lifestyle exhibition is underway in New Delhi. According to sources, a meeting of the IPCCI officials will be held on September 12 to discuss vast range of matters, including agreements signed for ... Read More »

Chinese assistance for economic corridor not loans: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal has said that the Chinese assistance to Pakistan under ‘China Pakistan Economic Corridor’ was not loans but foreign direct investment (FDI). “Today there is a mad race among all countries to attract maximum FDI for higher growth rates. Energy projects with Chinese assistance were a source of oxygen for our ... Read More »

Senate body calls for promoting religious tourism in Pakistan

ISLAMABAD: The Senate Standing Committee on Commerce has recommended to the government that local business community must not be harassed through law which unnecessarily increases cost of doing business and makes the country’s investment climate uncompetitive. “Companies having paid-up capital of around Rs 5,000,000 should be bound to retain a legal adviser,” stressed the draft recommendations prepared by the Senate ... Read More »

237 Pak expats identified as potential investors

ISLAMABAD: Pakistani embassies from 11 countries have sent a list of 237 potential investors and companies (including ones of Pakistani origin) to the Ministry of Commerce (MoC). The countries include Kenya, Hong Kong, Malaysia, Qatar, South Africa, Australia, US, Tanzania, United Arab Emirates (UAE), Thailand and United Kingdom (UK). In pursuance of the proposal of seeking assistance from Pakistani missions ... Read More »

Pak, China striving to lift trade ties under FTA

ISLAMABAD: With the aim to enhance volume of bilateral trade, Pakistan and China are committed to resolve the issues of electronic data interchange, sanitary and phyto-sanitary measures (SPS) and technical barriers to trade (TBT). According to the Ministry of Commerce (MoC), trade volume between Pakistan and China which was around $4.1 billion in t 2006-07 has reached all-time high in ... Read More »

PITAD plans holding 15 seminars for businessmen

ISLAMABAD: The Pakistan Institute of Trade and Development (PITAD) in collaboration with chambers and other trade associations has planned about 15 seminars on “Trade & Economic Issues” for business community in 2015-16. The PITAD would also undertake a number of short and long training courses on “International Trade & Economy” and would establish “National & International” linkages to undertake quality ... Read More »

Pakistan Origin Card proposed to facilitate investors

ISLAMABAD: The Senate Standing Committee on Commerce and Textile Industry has asked the government to revive the abolished scheme of the Pakistan Origin Card (POC) for Pakistani expatriates to attract foreign investment in the country. Under the POC scheme the Pakistani expatriates, who had left Pakistan at the time of independence and their spouses, were allowed to travel to Pakistan ... Read More »

Dastgir hails Azad Kashmir traders for rejecting Imran’s call

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir has supported the business community in Azad Kashmir for rejecting the call of civil disobedience by Pakistan Tehreek-e-Insaf chief Imran Khan. The representatives of the business community in Azad Kashmir were of the view that the call of civil disobedience will further weaken the economy. They demanded Imran Khan take the call back. ... Read More »

Commerce Ministry striving to enhance trade with Britain

ISLAMABAD: The Ministry of Commerce is striving for increasing the volume of bilateral trade between Pakistan and Britain with active engagement of the Pakistani community in UK. The ministry is planning to take advantage of the existing scope of import from England and to promote the export of high value-added textile products to England, bringing the trade volume to 2-3 ... Read More »

MFN status: Ministry, NTC yet to make recommendations

ISLAMABAD: The issue pertaining to recommendations on tariff barriers with India seems to have been in the doldrums because the National Tariff Commission (NTC) and Ministry of Commerce (MoC) declined having any information in this regard. The Customs Today had explored last week that the Ministry of Commerce had sought suggestions from the National Tariff Commission (NTC) to safeguard measures, ... Read More »

Imran, Qadri sit-ins: Economy suffers Rs 900b loss

ISLAMABAD: Senator Mushahidullah Khan on Tuesday claimed that sit-ins and protest demonstrations by Imran Khan and Tahirul Qadri had cost the national exchequer Rs 900 billion. Earlier, Commerce Minister Khurram Dastgir had claimed that the direct losses to the national economy due to the protest demonstrations stood at Rs 800 billion. While talking to this scribe here, the chairperson of ... Read More »

Dastgir says Imran, Qadri sit-ins cost economy Rs 800b

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir has said that the economy of Pakistan has suffered Rs 800 billion losses until now due to the ongoing protests demonstrations and sit-ins in the federal capital. In a statement, Dastgir said that the current protests have paralyzed the economy as the direct losses have mounted to Rs 800 billion while the indirect ... Read More »

Imran, Qadri sit-ins: Women’s chamber for early end to political crisis

ISLAMABAD: The Islamabad Women Chamber of Commerce and Industry (IWCCI) has called for early resolution of the prevailing political crisis through meaningful dialogue between the government, Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT). The IWCCI also termed the ongoing sit-ins in capital in the name of Azadi and Inqilab marches against the national interests and tantamount to destabilising the ... Read More »

Dar likely to speak on state of economy in Senate today

ISLAMABAD: Finance Minister Ishaq Dar is likely to present two important economic reports to the Upper House of Parliament here on Friday (today). Sources privy to the development, told Customs Today that the finance minister was likely to submit the third quarterly report for year 2013- 2014 of the Central Board of Directors of State Bank of Pakistan on the ... Read More »

ANF seizes 62 tonne chemical, arrests 16

ISLAMABAD: The Anti-Narcotics Force (ANF) seizes 62.4 tonne of illegal chemical and 127 kilogramme drugs, arresting 16 smugglers in eight raids throughout the country. The ANF official confirmed with Customs Today that eight raids were conducted in Islamabad, Rawalpindi, Kasur, Lahore, Gilgit, Peshawar and Karachi, in which ANF recovered 50,400 kilogramme sulfuric acid, 12 tonne hydro choleric acid, 17 kilogramme ... Read More »

Pakistan proposes trade agreements with Russia

ISLAMABAD: The federal government has formed a committee headed by Finance Minister Ishaq Dar to address the concerns of exporters regarding lack of coordination with Russian Customs authorities. The government has also proposed the Russian Federation to ink Preferential Trade Agreement (PTA) and Free Trade Agreement (FTA) with Pakistan Customs, however, Russian Customs decided to respond after consultation with all stakeholders ... Read More »

ANF seizes drugs worth Rs 9.11b in countrywide raids

ISLAMABAD: The Anti-Narcotics Force (ANF) recovered 5.4 tonne of drugs worth more than Rs 9.11billion in 14 raids throughout the country. The force also claimed to have arrested 10 drug peddlers and seized two vehicles. According to the ANF sources, the seized drugs include 4,558 kilogramme of opium, 812 kilogramme of morphine, 28.2 kilogramme of charas, 4.58 kilogramme of heroin ... Read More »

Dar to present report on SECP statement of accounts to NA

ISLAMABAD: The Finance Ministry has received the annual report on statement of accounts of the Securities and Exchange Commission of Pakistan SECP) for fiscal year 2012-13. “The annual report on SECP statement of accounts is certified by the auditors” a Finance Ministry official told Customs Today while seeking anonymity here. The official informed that Finance Minister Ishaq Dar would present ... Read More »

MQM resolution: Senate may prod govt into broadening tax net

ISLAMABAD: The Upper House of the Parliament, which is scheduled to meet on Monday, may press the government to take immediate steps to broaden tax base. Well placed sources revealed to Customs Today that MQM Senator Col (r) Tahir Hussain Mashhadi has submitted a resolution to the Senate Secretariat in this regard and the Senate is likely to adopt the ... Read More »