Editor n Cheif : Syed Asif Salahuddin
Editor: Tariq Sumair
Today's INP Latest English Business  News
ICST says Textile sector slowly crumbling: Export management, trade diplomacy needs improvement
  ISLAMABAD, July 16 (INP): Islamabad Chamber of Small Traders on Sunday said textile sector which is the backbone of the economy is slowly collapsing, therefore, the government should take note of the plight of this sector. Weak trade diplomacy and semi-educated export managers proved to be a double full story
FPCCI and UBG demand addressing existing anomalies in budget; Payment of export rebate of Rs 300 billion
  LAHORE: July 12 (INP) The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and the United Business Group (UBG) Wednesday unanimously demanded the immediate payment of export rebate of Rs 300 billion, restoration of Engineering Development Board and slashing the ever increasing power and gas tariffs besides withdrawal of unjustified heavy slabs of taxation on industry thus increasing cost of production in addition to addressing the anomalies in budget. full story
Post-JIT report: Stock market dips 2,100 points
  KARACHI: July 11 (INP) The Pakistan Stock Exchange reacted negatively to Monday’s damning report against the prime minister and his family by the Panama case Joint Investigation Team. full story
Sri Lanka to procure 300,000MT rice from Pakistan to meet domestic shortfall
  ISLAMABAD, July 10 (INP): Led by Secretary Ministry of Commerce and Industry, Sri Lanka, Mr. Chinthaka S. Lokuhetti, a high level Sri Lankan delegation called on Secretary Commerce, Pakistan Mr. Mohammad Younus Dhaga and discussed the possibility of procurement of 300,000 MT rice from Pakistan to meet the domestic shortfall because of drought in Sri Lanka. full story
Govt to support private sector to boost furniture exports: Governor
  KARACHI, July 09 (INP): Governor Sindh, Muhammad Zubair has said the government will continue to take measures to support the export sector in Pakistan and especially furniture exporters will be offered a special package of incentives to address the plight of the SME players in this era of difficult and competitive global market. full story
PBIC lauds Dar for containing fall in value of rupee
  ISLAMABAD, July 7 (INP) President Pakistan Businessmen and Intellectuals Forum (PBIF), Senior Vice Chairman of the Businessmen Panel of FPCCI and Former Provincial Minister Mian Zahid Hussain on Friday lauded Finance Minister for reversing record exchange rate erosion without any delay. full story
Nehal Hashmi case transferred to Anti-Terrorism Court
  KARACHI, July 7 (INP): A sessions court on Friday transferred the case against Senator Nehal Hashmi to an anti-terrorism court after charges of terrorism were added to the FIR filed against the senator.full story
Company registration with SECP grows by 34% during FY2016-17
  ISLAMABAD, July 06 (INP): The number of companies registered with Securities and Exchange Commission of Pakistan (SECP) during the fiscal year 2016-17 was 8,286, recording an impressive growth of 34 per cent compared to 2015-16. The total number of registered companies now stands at 81,493. full story
PBIF criticises current set of laws preferring trade over industry; Says investable funds moving towards unproductive sectors
  ISLAMABAD, July 5 (INP) President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior and Vice Chairman of the Businessmen Panel of FPCCI Mian Zahid Hussain on Wednesday said laws governing economy continue to prefer trade over the industry which is against the national interests. Investable funds are moving towards unproductive sectors like real estate and speculation which is resulting in increased imports and decreased exports, he said. full story
India offers $11 Billion to Iran to develop giant Gas field
  NEW DELHI, July 3 (INP) An Indian consortium is willing to spend as much as $11 billion to develop a giant Iranian natural gas field and build the infrastructure to export the fuel as long as the Persian Gulf nation guarantees a "reasonable return" on the project, according to the company leading the group. full story
Record trade deficit may result in mini budgets: Businessmen
  ISLAMABAD, July 2 (INP) Islamabad Chamber of Small Traders on Sunday said record trade deficit is becoming unmanageable and it may soon result in new IMF loan and mini-budgets. The trade deficit for eleven months has touched an all-time high mark of thirty billion dollars leaving the government with little options but to seek another IMF loan, it said.full story
PEW highlights weakness of agriculture policies
  ISLAMABAD, July 2 (INP) The Pakistan Economy Watch (PEW) on Sunday said the country is spending billions of dollars on the import of agricultural products which indicate the want of enabling policies. Pakistan can save billions of dollars annually by encouraging domestic agricultural sector which is in a shamble, it said. full story
Holding back refunds hitting exports, economy: FPCCI
  ISLAMABAD, July 2 9INP) The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Sunday said non-payment of refunds has become a threat to the export sector and the fragile economy. The policy of blocking refunds to show improved revenue collection has taken toll on the external sector which was already reeling under energy crisis and other issues, it said. full story
FPCCI to Organize Businessmen Convention at Lahore
  KARACHI, July 01 (INP) The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is going to organize Businessmen Convention on July 6, 2017 at Lahore.full story
ICCI for drastic reforms in taxation system to improve tax revenue
  ISLAMABAD , July 01 (INP) Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry has called upon the Federal Board of Revenue to introduce drastic reforms in consultation with private sector in the taxation system as the prevailing tax regime has failed to improve tax revenue and achieve annual tax collection targets. full story
Concern expressed over constant decline in textile exports
  LAHORE, June 30 (INP): Chairman Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Aadil Butt has expressed concern over decline in textile exports, which have decreased by 1.98 percent during the first 11 months of the current fiscal, widening trade deficit by 42.12 percent of same period of last fiscal year.full story
FPCCI says Textile sector needs immediate attention; Liberal imports of raw material should be allowed
  ISLAMABAD, June 28 (INP) The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Wednesday said ailing textile sector needs immediate attention of the government. The sector is the largest urban employment provider and largest foreign exchange earner which deservesfull story
  ISLAMABAD, June 28 (INP) Islamabad Chamber of Small Traders on Wednesday lauded the government for discouraging unnecessary imports which will encourage local producers. The decision to slap additional duties on inessential imports will reduce the loss of foreign exchange while promoting full story
FPCCI condemns threats to member of business community
  KARACHI, June 22 (INP) Acting President, FPCCI Mr. Aamer Ata Bajwa has strongly condemned the illegal threats from Omni Group to member of business community M/s. Shahzad Trade Links who is the Agent of Belarus Tractors in Pakistan since last 13 years. Mr. Bajwa further criticized interference of Police, Anti Corruption Sindh and Excise Officials on Mr. Shahzad Riaz to wind up his business. Such acts of certain groups or individuals having full backing of Provincial Government departments is a matter of serious concern because under such situation our businessmen cannot carry out their business in peace. full story
ADB to provide US$ 300 million for Public Sector Enterprises Reform Program
  ISLAMABAD, June 22 (INP) Pakistan and Asian Development Bank (ADB) Thursday signed a Loan Agreement of US $ 300 million for Public Sector Enterprises Reform Program.full story
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