Inflation rate falls to 2.1pc in April | SPI increased by 1.86pc ...

ISLAMABADThe inflation rate came down to 2.1 per cent in April 2014 as compared to same month of previous year because of decreased petroleum products prices in last several months.Inflation, measured by the Consumer Price Index (CPI), is on the lowest side from previous few months due to the ...

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  • PVMA rejects Punjab govt's price fixation mechanism

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    lahorePakistan Vanaspati Mills Association (PVMA) has rejected the price fixation mechanism of Punjab government through notification and said that it will re-negotiate with provincial government over the issue. The decision was taken in the general body meeting of PVMA held under the chairmanship ...

  • CNG sector won’t be able to import its own LNG before Dec ‘16

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    ISLAMABADThough the government has not imposed any ban on the CNG sector to import its own LNG but due to technical reasons there is no possibility that CNG association would be able to import its own LNG before December 2016, thus making the regular supply of gas to the sector impossible before ...

  • ICCI for halting traders arrests till shops closure issue settlement

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    ISLAMABADIslamabad Chamber of Commerce and Industry (ICCI) has called upon the government to direct the local administration and the police to immediately stop making arrests of traders till the negotiations between the Joint Action Committee of traders and the government representatives on the ...

  • Dollar at Rs102.7

    KARACHI (Staff Reporter): Dollar took strength against rupee in inter-bank and traded at the highest rate of Rs 102.80 on Monday. According to the details provided by the Forex Association of Pakistan of Pakistan, dollar traded at minimum rate of Rs 101.76 and maximum rate of Rs 101.80 in inter ...

  • newsbrief

    Govt asked to control power theft and line lossesLAHORE (Staff Reporter): Pakistan Industrial & Traders Associations Front Chairman Irfan Iqbal Sheikh has urged the govt to control line losses, electricity theft, inefficiency in recovery of dues and help stop political interference in energy ...

  • Dar participates in ADB Governors roundtable

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    BAKU The Asian Development Bank (ADB) Governors roundtable, here on Monday morning discussed the impact that low oil prices had on member countries.The exporters were having to adjust their expenditures due to decrease in revenues while the net importers were benefiting from current account ...

  • Ministry receives 800 proposals for third STPF

    OUR STAFF REPORTERISLAMABADThe Commerce Ministry has received 800 proposals from all the relevant stakeholders for the formulation of the third Strategic Trade Policy Framework (STPF) 2015-18. This was discussed in the 64th meeting of the Advisory Council which was held to seek proposals for the ...

  • Stocks close flat on late selling

    OUR STAFF REPORTERKARACHIStocks on Monday closed flat amid consolidation post quarter end earnings announcements at KSE. Political noise gripped the trading activity after election tribunal ordered re-poll in a Lahore NA seat.Bulls dominated the market for most of the day, as the market took a ...

  • Passco procures 22 per cent wheat

    LAHORE (OUR STAFF REPORTER): The Pakistan Agricultural Storage and Service Corporation Limited (Passco) has claimed to procure 22 per cent of wheat from growers so far and distribute more than 50 per cent gunny bags across the country.  The Passco started procurement from May 1 and ...

  • Further levy of 40pc RD on steel billets, bars, wire-rods demanded

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    KARACHI - Pakistan Steel Melters Association (PSMA) and Large Scale Re-Rollers (LSR) have demanded further levy of 40 per cent regulatory duty on steel billets, bars and wire-rods.Pakistan’s steel industry, having a processing capacity of over 4 million tons per year and an investment base of ...

  • Climate change triggering water and food insecurity

    Muhammad Wajid Ijaz - The world is combating the menace of terrorism and globe is silently getting warmer. Earth is witnessing the ruthless craze of supremacy and development on the cost of environment. The only earth to share is experiencing the growing global warming, glacier melting, depletion ...

  • PPA for promotion of poultry processing

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    LAHORE - While presenting budget proposals to Federal Commerce Minister Khurram Dastgir Khan, Pakistan Poultry Association central chairman Major (r) Ahmed Wasim has called for restoration of zero rating for poultry industry, as withdrawal of this regime has increased the cost of production of ...

  • corporate corner

    Irfan Wahab Khan appointed as Deputy CEO in Telenor ISLAMABAD (PR): Telenor Pakistan has announced the appointment of Irfan Wahab Khan, to the position of Deputy CEO of the company in addition to his current responsibilities as Chief Marketing Officer. “Irfan’s loyalty and long ...

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    Test news

  • Pakistan suffers trade gap of $4.39b with China

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    LAHORE - While China's reported exports had increased from $4,164.23 million in 2007 to $9,300 million in 2012, Pakistan's reported exports to China in the same period had increased from $613.76 million in 2007 to $ 2,620 million in 2012. In 2013 these figures were $11,019 million for China's ...

  • Limited import from India keeps onion rate high

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    LAHORE - The low volume of onions’ import from India kept their rates high in open market as well as in Sunday bazaars, as vegetable trucks arrival has bee reduced to 100 from earlier number of 150 trucks daily mainly owing to significant rise in quarantine rates.Dealers said that at a time ...

  • PARC introduces 11 new high-yielding rice varieties

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    ISLAMABAD - The Pakistan Agriculture Research Council (PARC) approved eleven new high-yielding rice varieties including seven (7) hybrid and four (4) Open-Pollinated (OP) seed for cultivation in various ecologies.The Variety Evaluation Committee (VEC) on Rice was held here at PARC headquarters ...

  • PCMEA meets Dastgir today to discuss exhibition matters

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    Lahore - Federal Minister for Commerce, Government of Pakistan, Engr. Khurram Dastgir, has invited the Pakistan Carpet Manufacturers and Exporters Association (PCMEA) to hold a meeting with him on Monday (today) to deliberate the matters of 33rd Pakistan International Carpet Exhibition, turning it ...

  • TUV Austria awards Scotmann with Halal certification

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    Lahore - The TUV Austria Bureau of Inspection & Certification (Pvt.) Ltd has awarded the Scotmann Pharmaceuticals (Pvt) Ltd with ISO Halal Certification. The Company has the distinction of being Pakistan’s first biotechnology company, meeting the stringent quality standards set by ...

  • Pak ST rate very high compared to global ratio

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    LAHORE - The sales tax rate in Pakistan is very high as compared to global tax rates; therefore, sales tax rate should be reduced to 12.5% in order to reduce the already soaring cost of doing business in Pakistan. ‘It should further be gradually reduced to 10% over the next three years for ...

  • newsbrief

    BOP announces highest-ever quarterly profit LAHORE (Staff reporter): A meeting of the Board of Directors of The Bank of Punjab was held in which un-audited Financial Statements of the Bank for the quarter ended March 31, 2015 were approved by the Board.  During 1st quarter of the year 2015, ...

  • India asked for trade with Kabul via Karachi port

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    NEW DELHI - Refusing to sign a motor vehicle agreement and to open up the road link for India and Afghanistan, Pakistan has asked India to carry out trade via the Karachi port, Indian media quoting officials said on Sunday. Indian reports said that Afghan President Ashraf Ghani told the Pakistani ...

  • Pak economy: curing cancer with anti-fever medicines?

    Omer Zaheer Meer - Due to some personal engagements, a write-up dated 22nd March 2015 by Ejaz Wasti, a gentleman working for finance ministry, questioning my 16th March 2015 article published in The Nation, titled “IMF-Driven policies: Destroying economy and inciting revolts?” missed my ...