Sunday , May 31 2020
Breaking News
Home / Author Archives: CT Report (page 3567)

Author Archives: CT Report

Ministry chalking out new policy to address water woes

ISLAMABAD: With the aim to improve economy and water distribution, the Ministry of Water and Power is chalking out a new policy to resolve issues related to water shortage and food insecurity. The policy also aims at developing hydropower projects for economic growth; ensuring food security; expanding available water supply and adapting to climate changes, population and other large scale ... Read More »

Iftikhar Babar to convene meeting of FBR, traders to resolve outstanding issues

SIALKOT: Secretary Board of Investment (BOI) Pakistan Iftikhar Babar has said that after the commencing of the grand project of Pak-China Economic Corridor, now Pakistan has become an ideal country for foreign investment, as world’s big foreign investors were now looking on Pakistan. He stated this, while addressing an important meeting of the Sialkot exporters held at Sialkot Chamber of ... Read More »

LCCI demands massive cut in petroleum prices

LAHORE: Senior vice president of the Lahore Chamber of Commerce and Industry urged the government to pass on the benefit of crude oil price reduction in the international market to the trade, industry, agriculture sector and the masses. After having a meeting with the delegation of businessmen at the Lahore Chamber of Commerce and Industry, Mian Nauman Kabir said that ... Read More »

COPHCL briefs FPCCI on Pak-China Economic Corridor

KARACHI: With a detailed presentation beginning from the past history and up to the future of Gawadar port, the China Overseas Ports Holding Company Pvt Ltd (COPHCL) has briefed the business leaders of the Federation of Pakistan Chambers of Commerce and Industries on multi-billion Pakistan China Economic Corridor. A number of business leaders headed by FPCCI President Mian Muhammad Idress, ... Read More »

Foreign Direct Investment across SAARC region can accelerate economic growth: Dar

KATHMANDU: Federal Minister for Finance Ishaq Dar has said that  due to Pakistani government strong economic policy foreign investment is increasing in the country. Addressing the 7th SAARC Foreign Minister’s Conference, he said as we all understand, our region is endowed with vast natural and human resources. Our rich heritage and our combined resources lend us vast potential for development ... Read More »

Process Control Laboratories should be established in Sialkot: WWF

SIALKOT: The best water management practices (BWMPs) experts of WWF have urged the Sialkot based tanners to give up the necessary use of water and chemicals in their leather tanneries for reducing the environmental pollution caused by their tanneries in Sialkot, saying that the unnecessary usage of the water has increased the water consumption to maximum level in Sialkot here. ... Read More »

KCCI slams upward revision of K-electric’s tariff for residential consumers

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Vohra has vehemently criticized the government for giving go ahead to K-Electric to raise its electricity tariffs for residential consumers which varies from 19 percent to 30 percent under various slabs for residential consumers and has become effective from July 14, 2015. “This unjust hike appeared in ... Read More »

Turkish private sector apprised of investment opportunities in Pakistan

ANKARA: The visiting delegation from the Punjab, led by Minister for Mines and Minerals Sher Ali Khan, continued its high-level contacts on the second day of its visit to Turkey. The delegation had a detailed meeting with Turkish Minister for Forestry and Water Management Prof. Dr. Veysel Eroğlu. The Turkish Minister assured all possible support for increased Turkish investment in ... Read More »

Pakistan, Nepal committed to further enhance trade activities

  KATHMANDU: Federal Finance Minister, Mohammad Ishaq Dar arrived here to attend the 7th SAARC Finance Minister’s Meeting scheduled to be held on 20th August (today). Soon after his arrival, the Finance Minister accompanied by members of Pakistani delegation visited Hanuman Dhoka in darbari square at Kathmandu which was badly affected in the earthquake. It used to be a palace ... Read More »

ICCI calls on Islamic banks to focus on SMEs development‏

ISLAMABAD: The Islamabad Chamber of Commerce and Industry, in collaboration with FPCCI Standing Committee on Islamic Banking and Takaful, has organized a seminar on Islamic banking. A large number of businessmen attended the seminar. Addressing the gathering, Muzzamil Hussain Sabri, President of the Islamabad Chamber of Commerce and Industry, said that businessmen wanted to get rid of interest-based banking for starting ... Read More »

Turkish traders to invest in mining, hydel sectors in Pakistan

ANKARA: Turkish Minister for Energy and Natural Resources of Turkey Taner Yildiz during a meeting with a high level delegation from Pakistan that met him here said Turkish government will encourage Turkish entrepreneurs to invest in mining and hydel sectors in Pakistan. Minister for Mines and Minerals of the government of Punjab Sher Ali Khan led Pakistan side during the ... Read More »

CPEC a test of Pakistan’s abilities says Humayun Akhtar

ISLAMABAD: China-Pakistan Economic Corridor (CPEC) would test Pakistan’s ability to administer mega-economic ventures proficiently and in transparent manners, said Pakistan’s former Commerce Minister and Chairman Institute for Policy Reforms, Humayun Akhtar Khan here. Addressing a dialogue focusing on the profound political and economic changes in South and Central Asia and in the Middle East, he said that CPEC was a ... Read More »

Bioequivalence can multiply exports of Pakistani drugs thousand times

KARACHI- “The government must take concrete steps to declare bioequivalence mandatory for the local pharmaceutical market so that a commoner could access to the low-priced medicine of international standards in the country. The bioequivalence facility can multiply the exports of Pakistani drugs a thousand times. As compared to India, Iran and Bangladesh, Pakistan’s share is near to the ground in ... Read More »

Korean diplomat foresees Pakistan global economic leader

LAHORE: Korean Ambassador to Pakistan Dr. Song Jong Hwan said that Pakistan has all the required ingredients to grow like China. He was addressing at a meeting at the Lahore Chamber of Commerce and Industry. The LCCI President Ijaz A. Mumtaz, Senior Vice President Mian Nauman Kabir and Vice President Syed Mahmood Ghaznavi also spoke on the occasion. Korean Ambassador ... Read More »

Dar reviews working of Economic Advisor’s Wing

ISLAMABAD: Federal Finance Minister Ishaq Dar here chaired a meeting to review the working of Economic Advisor’s Wing of the Finance Division. Economic Advisor Syed Ejaz Ali Wasti briefed the minister about the functions and responsibilities of the Wing, including the all important task of publishing the annual Pakistan Economic Survey which is widely disseminated and facilitates important research work ... Read More »

KPCCI to form Islamic Banking Committee to provide loans to traders

PESHAWAR: The Khyber Pakhtunkhwa Chamber of Commerce and Industries (KPCCI) President Faud Ishaq has announced to constitute Islamic Banking Committee and said that Islamic Banking Committee will provide free interest loan facilities according to the Islamic education to the business community of Khyber Pakhtunkhwa. This he said in a seminar regarding Islamic Banking and Takful at KPCCI chamber. Faud Ishaq ... Read More »

LCCI, SCCI to ink accord on early construction of Kalabagh Dam

SIALKOT: The business community of Sialkot and Lahore have developed a consensus to pave the way for early construction of Kalabagh Dam in the country. They termed the early construction of Kalabagh Dam vital to save the country from floods, besides getting the country rid of the prolonged energy crisis. Standing Committee for Kalabagh Dam (Lahore Chamber of Commerce and Industry-LCCI), Indus Water Treaty and ... Read More »

New timings for pre-open and close of LSE

LAHORE: All the market participants are hereby informed that in the light of decision of Board of Directors of the Lahore Stock Exchange, the management has decided to extend the hours of trading at LSE in manner that pre-open session of the market shall be available 15 minutes earlier and the market shall be closed 30-minutes after the current market ... Read More »

UBL Funds launches 1st mobile app in asset management industry

LAHORE: UBL Fund Managers Limited (UBL Funds) announced the launch of the ‘UBL Funds Smart Savings’ App – the first of its kind mobile application by the Asset Management Industry in Pakistan. The UBL Funds Smart Savings application is available on iPhone and Android phones and can be downloaded on the app store and Google play. The app demonstrates UBL ... Read More »

LCCI chief calls for early refund of IT/ST claims

LAHORE: The Lahore Chamber of Commerce and Industry has feared that export-oriented businesses would be squeezed if stuck-up income tax/sales tax refund claims are not released immediately by the Federal Board of Revenue (FBR). According to a statement LCCI president Ijaz A. Mumtaz said that in the present scenario when economy needs resources for expansion, squeezing of business would be ... Read More »