Is privatisation right for Pakistan?

Omer Zaheer MeerPrivatisation is coined as a solution to many economic woes facing Pakistan’s economy. It has been hailed as a solution to the woes facing PML-N’s government. The Privatisation Commission has even short-listed 31 institutions to “sell”. A very competent ...

See more

MORE IN BUSINESS

  • Charter of economy or inequality?

    Dr Haseeb BhattiWell-known economists, leading bureaucrats and other managers of country’s economy met recently for Economic Advisory Council’s (EAC) meeting in Islamabad. A usual place for such meetings. The agenda, which was discussed, had both political and economic aspects. That ...

    READMORE
  • China manufacturing shrinks in February

    , By AFP

    BEIJING - China’s manufacturing activity contracted for the second straight month in February, the government said Sunday, a day after the central bank announced an interest rate cut to help stem a slump in the world’s second-largest economy.The official Purchasing Managers’ Index ...

    READMORE
  • Russian supermarkets freeze prices

    , By AFP

    MOSCOW - Lots of things freeze in Russia’s bitterly cold winters, but not usually food prices, yet that is exactly what top supermarket chains are doing to protect the poor from galloping inflation.The plunging ruble and a Russian embargo on European Union and US food products in retribution ...

    READMORE
  • Sri Lanka cancels licences for foreign mining firms

    , By AFP

    COLOMBO - Sri Lanka’s new president has cancelled mining licences issued by the previous government to 16 foreign companies to search for blue sapphires and other gems, his office said Sunday.The office of Maithripala Sirisena said permits granted to the unidentified companies were being ...

    READMORE
  • CPEC project to shower dividends across country

    , By APP

    ISLAMABADChina-Pakistan Economic Corridor (CPEC), a multi-dimensional giant leap is set to accrue far-reaching dividends for Pakistan with massive trickled-down impact to all the federating units including Balochistan and Khyber Pakhtunkhwa.An important initiative of “One Belt and One ...

    READMORE
  • Leather Show to provide platform for industry

    , By Our Staff Reporter

    ISLAMABAD Pakistan first-ever Mega Leather Show 2015 is scheduled to be held on March 6-8, 2015 at the Lahore International Expo Center. Key Government of Pakistan officials, foreign associations and diplomats are expected to attend the expo which is a unique and first ever biggest expo of its ...

    READMORE
  • Anusha in Spain to find suitable investors for spectrums auction

    , By Atif Khan

    ISLAMABADMinister of State for Information Technology and Telecommunication Anusha Rehman on Sunday left for Barcelona to attend GSMA Mobile World Congress 2015, to find suitable investors for broadband and two 20-megahertz spectrums.The four-day conference that gathers together mobile operators ...

    READMORE
  • PIA to sell unserviceable planes

    , By APP

    ISLAMABADPakistan International Airlines (PIA) will sell its unserviceable planes including a Boeing-747, three Boeing-737 and three A-310 aircraft.According to PIA spokesman here, the national flag carrier had already tendered some of its old aircraft which had completed their operational flying ...

    READMORE
  • Cellular mobile teledensity hits 73.32pc with 136.4m subscribers

    , By APP

    ISLAMABADThe teledensity in cellular phone sector has hit 73.32 percent as number of subscribers in the country including Azad Kashmir and Northern Areas touched 136.4 million by January 15 this year.The cellular teledensity was 8.3 percent about 10 years ago but proactive policies of successive ...

    READMORE
  • newsbrief

    Rains to have positive impact on agriculture productionRAWALPINDI (APP): The recent rains will have a positive impact on overall agriculture production of major Rabi crops, especially wheat said Executive District Officer (EDO) Agriculture, Dr. Shahid Sajjad Asghar. Talking here he said that the ...

    READMORE
  • Punjab to set up LNG power plant at Sheikhupura

    LAHORE (Online):  The Punjab government has decided to set up 1000 MW Liquefied Natural Gas (LNG) power plant near Sheikhupura. Chairing a meeting in Lahore, Chief Minister Shahbaz Sharif said the federal cabinet has approved setting up of LNG-based power projects at three different places in ...

    READMORE
  • China cuts rates again in face of weak demand, deflation risk

    , By Reuters

    BEIJING  - China’s central bank cut interest rates on Saturday, just days before the annual meeting of the country’s parliament, in the latest effort to support the world’s second-largest economy as its momentum slows and deflation risks rise.The central bank said the 25 ...

    READMORE
  • NY regulator puts 3 European banks in FX probe

    , By AFP

    WASHINGTON - The New York state financial regulator has subpoenaed three major European banks and a US peer in a probe of foreign-exchange rigging, sources close to the situation told AFP.The sources, speaking on condition of anonymity, said that the regulator, Benjamin Lawsky, had sought ...

    READMORE
  • PPA asks banks to reschedule poultry farmers’ loans

    , By Our Staff Reporter

    LAHORE - The Pakistan Poultry Association, in a letter written simultaneously to Punjab chief minister and secretary livestock, has appealed for an immediate relief package to save the farmers, proposing the government to suspend recovery of all taxes of local, provincial and federal at least for ...

    READMORE
  • ICCI for improving agri productivity to ensure food security

    , By INP

    Islamabad - Islamabad Chamber of Commerce and Industry has called upon the government to pay priority attention to improving agriculture productivity in order to ensure food security for its teeming millions as food crisis was emerging a major issue for the country.Muzzamil Hussain Sabri, ...

    READMORE
  • Rs40b sovereign guarantee for power sector okayed

    , By Imran Ali Kundi

    ISLAMABADApart from approving Rs960 million for payment of two months salaries to the workers of Pakistan Steel Mills (PSM) on urgent basis, the Economic Coordination Committee of the Cabinet on Saturday also approved issuance of Rs40 billion sovereign guarantee for power sector.The ECC, which met ...

    READMORE
  • Govt urged to pay sales tax refunds for boosting exports

    , By Our Staff Reporter

    KARACHITDAP Chief Executive S M Muneer, who is also a well-known businessman, has urged government to immediately pay sales tax refunds, which were delayed for last 2 years, to business community. This is a great hurdle in the economic growth of country. “If government pays this refund to all ...

    READMORE
  • Save tiles industry from complete destruction: PCTMA

    , By Our Staff Reporter

    KARACHILocal tiles manufacturers have asked the government to remove anomalies in import trade price (ITP) for imported tiles to save local tiles industry from complete destruction.“The tiles are being imported at low rates, while the ITPs have been decreased instead of increasing from 2010 ...

    READMORE
  • Big banks profitability remains strong

    , By Salman Abduhu

    LAHOREProfitability of big banks in 4Q2014 remained strong as they reported earnings of Rs31b, up by 50%YoY and 9%QoQ. Growth in NII (net interest income) of banks remained strong despite a cut of 50bps in discount in Nov 2014. NII of the banks grew by 30%YoY and 17%QoQ. Sharp rise in provisioning ...

    READMORE
  • E-Logistics platform to facilitate mobile, electronic trade

    , By APP

    ISLAMABADMinistry of Information Technology and Telecommunications has supported to create a portal for facilitating mobile and electronic trade for Pakistan within and outside the country.The basic objective of the portal is to use communication boom in the country to take information, knowledge ...

    READMORE
  • newsbrief

    Strategy being devised to improve working of govt depts: AhsanLAHORE (INP): Minister for Planning and Development Ahsan Iqbal has underlined the need for improvement in performance of government departments and institutions to ensure sustained development. Speaking at a function in Lahore on ...

    READMORE
  • Consumers taking advantage of 3G, 4G offerings

    ISLAMABAD (APP):  The telecom operators in the country have added over 9.07 million 3G users till January 2015, showing a reasonable growth in modern mobile broadband services with each passing month. The operators also added 49,100 4G or Long Term Evolution (LTE) subscribers to their network ...

    READMORE
  • FTAs with China, Malaysia, Lanka harming local industry: APBF

    , By Our Staff Reporter

    Lahore - The All Pakistan Business Forum Executive Committee observed that the FTAs signed with Malaysia, Sri Lanka and China without taking the real stakeholders on board are damaging the local industry.As the country’s economic managers are engaged in fresh rounds of talks with a number of ...

    READMORE