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Oil tankers strike threatens food security in Pakistan

Islamabad: Pakistan Vanaspati Manufacturers Association (PVMA) on Thursday said violent strike by Edible Oil Tankers Association in Karachi is crippling industrial activities and pushing country towards food insecurity. Tankers association has started a strike since fifteen days to press for increased upcountry freight which is unjustified, Acting Chairman PVMA Atif ... Read More »

Smugglers attack on Superintendent Customs in Islamabad

Islamabad:Some unidentified armed persons have attacked on the superintendent custom but he luckily managed to save his life .according to the officials ,On the morning of 18th October, 2012 at around 9:00 am, Zarghem Dil, Superintendent Customs (Preventive), Model Customs Collectorate, Islamabad while on his way to office was shot ... Read More »

Pakistan’s foreign currency reserves could fall to $7.5 billion:IMF

Islamabad: The International Monetary Fund (IMF) has projected that Pakistan’s foreign currency reserves held by the central bank could fall to $7.5 billion by the end of FY13, sources said. The IMF is going to unveil its report under the Post Program Monitoring (PPM) publicly after getting approval from its ... Read More »

PEW proposes plan to improve energy mix, resolve prickly issues

Islamabad: The Pakistan Economy Watch on Sunday said inter-fuel substitution can culminate the need for gas load shedding during the five months of winter giving relief to masses and industry. Load shedding is not a solution, cost-effective energy resources for power generation are needed for smooth and long-term economic development, ... Read More »

TAPI Gas Pipeline Project is unavoidable to end energy crisis:Ambassador of Turkmenistan to Pakistan

Islamabad: Ambassador of Turkmenistan to Pakistan Atadjan Movlamov on Thursday said Pakistan can resolve its energy crisis by expediting work on The Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project. He said that Turkmenistan is extending its railways and power network to Afghanistan which can offer new opportunities to Pakistan boost its transit ... Read More »

PEW lauds Govt’s coal power generation plan

Islamabad: The Pakistan Economy Watch (PEW) on Sunday lauded the landmark policy decision of the federal government to use Thar coal for coal-based power generation and all conversions of existing as well as construction of new power projects will be designed on Thar Coal specifications. The strategic decision is appropriate ... Read More »

World Bank to support women entrepreneurs in Pakistan:IWCCI

Islamabad: World Bank has decided to pay more attention to women entrepreneurs in Pakistan and to lend additional support at technical, academic and policy level. World Bank has started reaching out to more female businesspersons to know their problems to serve them in best possible way.In this connection, a team ... Read More »

Nanchuan Industrial Park Business Development Centre inaugurated in Lahore

Lahore: Nanchuan Industrial Park Business Development Centre has been inaugurated in the city. The centre set up by Chinese government will facilitate Chinese entrepreneurs for investment in Punjab as well as provide necessary guidance to investors of the Punjab to set up their businesses in China. A similar centre will ... Read More »

Maqsood Ismael elected unopposed President of LCCI

Lahore: The Lasbela Chamber of Commerce & Industry in a Press Release issued here today announced that Maqsood Ismael of M/s. Ismael Industry Limited and Mr. Fahad Shoukat of M/s. Shafi Gluco-Chem (Pvt) Limited have elected for the offices of President and Vice President respectively unopposed and have taken the ... Read More »

FBR will receive tax returns on Satureday and Sunday too

Islamabad: FBR has directed all Inland Revenue Offices to remain open till 08:00 PM on Saturday 29th September and till 10:00 PM on Sunday 30th September, 2012 to facilitate the taxpayers in filing their Income Tax returns. As requested by the Federal Board of Revenue, the State Bank of Pakistan ... Read More »

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