LAHORE: Pakistani mountaineer Naila Kiani has reached the summit of Mount Kanchenjunga (8,586m), becoming the first Pakistani woman to scale 12 of the world’s 14 highest peaks over 8,000 metres. With this achievement, Naila Kiani joins an elite group of global mountaineers who have climbed 12 of the world’s 14 peaks above 8,000 meters. She … Read more
LAHORE: The unjustified move of levying sales tax on the seed industry will negatively impact crop yield by slowing down the process of hybridisation, businessmen said in a statement. “The levy of 17 per cent general sales tax (GST) on locally produced or imported seed coupled with 3 per cent additional tax on unregistered seed … Read more
LAHORE: The Trade Development Authority of Pakistan (TDAP) will organise the first ‘Pakistan Engineering and Healthcare Show 2022’ to be held at Expo Centre in Lahore from February 25 to 27, a statement said. Delegates from 46 countries of Africa and Central Asian Republics (CARs) will participate in the exhibition, in which 21 product categories … Read more
KARACHI: Textiles, being one of the major components of the Pakistan economy, make up around 8.5 per cent of GDP and contribute around 60 per cent to the country’s total exports. However, the textile sector underperformed during the last few years, owing to the power shortages, high manufacturing costs and the lack of research and … Read more
KARACHI: The Site Association of Industry has declared the recent increase in petroleum products prices disastrous for the economy while appealing to the Prime Minister to withdraw the recent increase, a statement said. SITE President Abdul Rashid, in an appeal to Prime Minister Imran Khan, Energy Minister Hammad Azhar and Commerce and Investment Adviser Abdul … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has expressed concerns on the difference in the retail and wholesale prices of pulses in the country. Tarin, while presiding over the meeting of the National Price Monitoring Committee (NPMC), on Wednesday directed the Ministry of NFS&R to investigate and take appropriate action against the exploiters … Read more
Pakistan has spent Rs144 billion for the import of mobile phones during the first five months (July-November) of the current fiscal year. The spending on imports of mobile phones recorded a sharp increase of 21 per cent, compared with Rs119.22 billion in the corresponding period of the last fiscal year. The massive rise in mobile … Read more
KARACHI: Pakistan has spent Rs144 billion for the import of mobile phones during the first five months (July-November) of the current fiscal year. The spending on imports of mobile phones recorded a sharp increase of 21 per cent, compared with Rs119.22 billion in the corresponding period of the last fiscal year. The massive rise in … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin held a meeting with a delegation of the Pakistan Pharmaceuticals Association (PPMA) headed by its chairman Qazi M Manzoor at the Finance Division, a statement said. The PPMA chairman highlighted the problems being faced by the pharmaceutical manufacturers, especially issues related to the … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has requested Small and Medium Enterprises Development Authority (Smeda) chief executive officer Hashim Raza to pursue the Ministry of Commerce accept Smeda’s recommendations and allow export of Khashkhas and jaggery to global buyers, a statement said on Tuesday. Unisame president Zulfikar Thaver said that the SME … Read more
ISLAMABAD: Mobile manufacturing in Pakistan is part of the government’s “Make in Pakistan” policy, which will boost domestic exports, a senior official said. “Our vision is to make Pakistan a hub of mobile phone manufacturing and export and the export of mobile phones will soon start that will earn foreign exchange for the country,” Adviser … Read more
ISLAMABAD: Adviser to the Finance and Revenue Shaukat Tarin has directed the relevant authorities to take effective policy measures to reduce unnecessary imports of luxury items. The adviser made these remarks, while presiding over a meeting to review the balance of trade at the Finance Division, a statement issued by the Finance Ministry said. The … Read more
ISLAMABAD: The UK-Pakistan Business Council has said that the export industry badly needs uninterrupted supply of gas to meet shipment dates of export orders. Talking to a delegation of exporters led by Majid Yousaf in Lahore, UK-Pakistan Business Council chairman Mian Kashif Ashfaq said that the federal government, in the larger national interests, must devise … Read more
ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood was informed that Pakistan’s non-energy import bill has decreased 12.5 per cent in October 2021. Pakistan’s non-energy import bill has decreased 12.5 per cent, a decrease of $624 million, compared with September 2021. The commerce adviser chaired a meeting to discuss the … Read more
ISLAMABAD: Pakistan will successfully complete the 4th Biennial Review of the European Union (EU) Generalised Scheme of Preference (GSP) Plus incentive, a senior government official said. Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood expressed the hope that as the 4th Biennial Review of GSP Plus incentive is currently under way, … Read more
For starting the production of vehicles from Pakistan, Japan intends to invest US $100 million in the automobile sector. Adviser to Prime Minister on Commerce, Investment Abdul Razak Dawood meets Ambassador of Japan to Pakistan, Mr. Kuninori Matsuda, and debated the upcoming plan to improve bilateral collaboration between the two countries. A press release issued … Read more
ISLAMABAD: The government would take exports to record levels by 2023 with the provision of a better business environment for the industrial sector in the country, a senior government official said. Addressing the launching ceremony of the 7th Reform Action Plan, organised by the Board of Investment (BoI), Adviser to the Prime Minister for Commerce … Read more
Vivo, a Chinese mobile manufacturing company, has set up a production plant in Pakistan. Abdul Razaq Dawood, in a series of tweets, congratulated Vivo, mentioning that this development will not only create job opportunities but also make smartphones more accessible to people across the country at lower costs. “I congratulate Vivo Pakistan Mobile on setting … Read more
SIALKOT: The federal government is successfully implementing its agenda of economic stability, a senior government official said on Saturday. Addressing a meeting of exporters at the Sialkot Chamber of Commerce and Industry (SCCI), Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said: “We must focus on regional trade. We have very … Read more
ISLAMABAD: Adviser to the Prime Minister on Commerce Abdul Razak Dawood on Thursday assured the All Pakistan Salt Association (APSA) of his full cooperation and support in resolving their issues, a statement said on Thursday. He gave this assurance while chairing a meeting to discuss the issues related to the salt industry and export enhancement … Read more
KARACHI: Pakistan’s trade deficit has swollen 34 per cent during the fiscal year 2020/21, despite record exports, according to the data released by the Pakistan Bureau of Statistics (PBS) on Saturday. The trade deficit stood at $31.05 billion during the fiscal year 2020/21, compared with the deficit of $23.16 billion in the preceding fiscal year. … Read more
KARACHI: Pakistan has unveiled its logo for Expo 2020 Dubai and the theme at a grand media unveiling event in Dubai in the presence of ministers and top government officials. Under its theme “The Hidden Treasure”, with an inviting façade and an immersive walkthrough experience inside, it aims to showcase Pakistan’s vast opportunities in tourism, … Read more
Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood said that the country’s exports in March stood at $2.345 billion and increased by 13.4% in March as compared to February, while for the first time since 2011, exports exceeded $2 billion for the sixth consecutive month. In a series of Tweets, … Read more
Advisor of Prime Minister on Commerce Abdul Razak Dawood praised the success of exports of Pakistan. He addressed the viewers via a video link to review the trade data till last month. He said that Pakistan’s exports have crossed the mark of two billion dollars for four consecutive months for the first time in the … Read more
Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood has warned of gas crisis during the winter season. According to the details, the Commerce Adviser while taking to his official Twitter handle, wrote that: “We are now heading into the winter & there may be gas shortages.” He said that there … Read more
Adviser on Commerce Razak Dawood has expressed the confidence that the Transit Trade agreement and Preferential Trade Agreement with Afghanistan will be finalized by the end of January next year. According to the details, taking to his Twitter handle, on Wednesday, the Commerce Adviser said he will hold extensive meetings with all the stakeholders on … Read more
A delegation led by Prime Minister Imran Khan’s Adviser on Commerce, Abdul Razak Dawood, will meet Afghanistan President Ashraf Ghani in Kabul. They will discuss expanding trade. According to the details, the delegation under Abdul Razak Dawood, Adviser to the Prime Minister on Commerce, Textile, Industries, and Investment, would also include Secretary Commerce, a member … Read more
Special Assistant to Prime Minister on Trade and Investment Abdul Razak Dawood has urged Pakistani exporters to remain vigilant to maintain their presence in the global market. Taking to his Twitter, Dawood said “COVID-19 is an unprecedented crisis in recent human history with far-reaching implications to the global economy. Recent figures by World Bank are showing … Read more
