Chief Editor: Ansar Mahmood Bhatti

Category Archives: Business

Planning Minister stresses to broaden agro-cooperation with China

ISLAMABAD, Oct 15 (DNA): Minister for Planning, Development and Reform Makhdoom Khusro Bakhtyar on Monday said that mutual cooperation with China should cover the whole basket of agri-sectors.The planning minister was speaking to Vice Minister for Agriculture and Rural Affairs Ma Aiguo. Secretary Planning Zafar Hassan, Project Director China-Pakistan Economic Corridor (CPEC) Hassan Daud and officials from line ministries were present on the occasion.

Indonesia asked to setup JVs for palm oil production in Pakistan

ISLAMABAD, OCT 13 (DNA) – Pakistan was a major importer of palm oil to meet its domestic needs while Indonesia was the world’s largest producer of palm oil and its investors should set up joint ventures in Pakistan for production and processing of palm oil that would help in reducing our import bill, this was observed by Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce & Industry while exchanging views with Wisnu Suryo Hutomo, Head of Economic & Commercial Department, Embassy of Indonesia during his visit to Chamber House.

Azerbaijan offers an open credit line for petroleum products

ISLAMABAD, OCT 12 (DNA) – Pakistan gets an offer from the friendly country for an open credit line for petroleum products.Pakistan is offered by Azerbaijan to attain an open credit line worth $100 million for the purchase of petroleum related goods, without any superior guarantees.

Pakistan formally request IMF for financial assistance

NUSA DUA (DNA) – IMF chief Christine Lagarde met with Pakistani delegation headed by Finance Minister Asad Umer on Thursday and said a team would visit Islamabad for talks on a possible bailout of its shaky economy.Pakistan Finance Minister Asad Umar, who is attending the Fund’s annual meeting in Bali, announced earlier this week that the government would seek talks with the IMF on a “stabilisation recovery programme”.

In US-China trade war, Pakistan gets extra export orders

FAISALABAD: (DNA) – The present tense relations between the US and China have proved to be a blessing in disguise for Pakistan as its exporters are getting extra orders from the US in the prevailing circumstances, said Faisalabad Chamber of Commerce and Industry (FCCI) President Syed Zia Alumdar Hussain.

Pakistan, China sign 8 MoUs worth $100 million for investment

ISLAMABAD, (DNA) – : Pakistan and China here on Tuesday signed 8 Memorandum of Understandings (MoUs) worth $100 million for mutual investment in Seafood, Agriculture, Steel and Pharmaceutical sectors.Around 14 private companies from both sides signed MoUs for mutual investment and joint ventures to expedite the trade and business between the two countries.

FPCCI for implementation on assistance announced by PML-N govt

KARACHI (DNA) – Federation of Pakistan Chambers of Commerce & Industry (FPCCI) on Tuesday stressed upon the Federal Ministry of Finance (MoF) that the exporters who had sustained huge financial losses on export of Kinnow to Russia in year 2016-17 shall be compensated losses by immediate approval of financial assistance of US$250 per container announced by the previous government so that the exporters having firm assurance to get DLTL can fully focus on export of Kinnow during the forthcoming season.