US industrial production ranked high in March as automakers transferred into gear despite the going semiconductor shortage, the Federal Reserve said on Friday. Industrial production reached 0.9 percent last month, and more than expectation and pushing the metric of industry result to an annually rate of 8.1 percent for the first quarter said FR . … Read more
“Plastic still has value,” said Nzambi Matee of the mountains of discarded oil drums, laundry buckets, yoghurt tubs and other trash being shredded into colourful flakes at her Nairobi factory. “I believe that plastic is one of the misunderstood materials.” Her start-up recycles tonnes of plastic intended for landfills into eco-friendly bricks that are stronger, … Read more
LAHORE: Punjab Minister for Industries and Commerce Mian Aslam Iqbal has directed timely completion of development work in special economic zones, a statement said. Chairing a meeting on Thursday, he said, the target of 100 per cent colonisation of industrial estates would be achieved at all costs. Iqbal said that every plot in the industrial … Read more
LAHORE: Volatile exchange rate and illicit trade are major challenges for legal businesses both in the manufacturing, as well as trade/import sector, said Awais Saeed Piracha, chief executive officer of Trinity Enterprises, a major importer of variety of tyres from two- to four-wheelers to trucks, buses and industrial and agricultural machinery. “We give 80 to … Read more
TOKYO: Japan’s industrial production surged a record 7.2 per cent in November compared to the previous month, with auto output rebounding from a decline triggered by a global semiconductor shortage and supply chain disruptions, government data revealed on Tuesday. The seasonally adjusted production index for factories and mines stood at 97.7 against the 2015 base … Read more
RIYADH: Food plants are leading industrial sector new licences in November, which saw a 14 per cent increase, Arab News quoted official data, as showing. Saudi Arabia’s Ministry of Industry and Mineral Resources issued 68 licences to industrial units in November with investments amounting to SR735 million ($159 million), a statement said. The statement said the issuance … Read more
RIYADH: Saudi industrial production expanded by an annual rate of 7.7 per cent in October to reach its highest level since April 2020, Arab News quoted data published by Gastat, as showing. Jumps in the output of the mining and quarrying sector were mainly responsible for the expansion as it went up by 9.1 per … Read more
ISLAMABAD: The authorities in Pakistan’s northwest Khyber-Pakhtunkhwa province are determined to tap the economic potential of the province through the development of special economic zones (SEZs), chief executive officer of the KP Economic Zones Development and Management Company (KPEZDMC) has said. The investment-friendly policies of the provincial government and efforts of the KPEZDMC have enabled … Read more
BEIJING: China will continue to assist Pakistan and other belt and Road Initiative (BRI) nations in human resource development and industrial growth as key elements of overall economic progress, former Chinese diplomat Chen Mingming said on Friday. In his inaugural lecture at the first session of a 14-day-long seminar on “Construction and operation of industrial … Read more
LONDON: British industrial orders surged this month with a growth measure hitting its highest since at least 1977 and price expectations among manufacturers also climbed to a 44-year high, Reuters quoted a survey published on Wednesday. The survey is likely to add to unease at the Bank of England about growing inflation pressures ahead of the British … Read more
Massive crackdown against non-filers has been kicked off by the Federal Board of Revenue (FBR). The FBR issued notices to 2100 people who have big commercial and industrial gas and electricity connections in Lahore. This was the move to bring the businessman into tax net. The Federal Board of Revenue also issued notices to 942 … Read more
