Minister proposes ‘Business Park’ initiative to enhance trade
Caretaker Federal Minister for Commerce, Dr Gohar Ejaz proposed a “Business Park” initiative to enhance trade for sustainable economic growth in the country. In a bid to consolidate Pakistan’s global trade connections, the Federal Minister has unveiled his intention to establish Business Parks in major cities. These parks or Facilitation Centres for traders would be designed…
Adil Aziz
Pharmaceutical goods export increases 8.87% during July 2023
The export of Pharmaceutical goods witnessed an increase of 8.87 percent during the first month of the current financial year (2023-24), against the exports of the corresponding period of last year. The country exported pharmaceutical goods worth US $26.205 million during July 2023 against the exports of US $24.069 million during July 2022, showing growth…
Chinese company official terms Gwadar seaport CPEC’s vital axis
In a meeting with the business community here at Lahore Chamber of Commerce and Industry (LCCI), Mr. YO BO, chairman of China Overseas Port Holding Company (COPHC), highlighted the transformative progress of Gwadar under the China-Pakistan Economic Corridor, saying that the seaport had emerged as CPEC’s vital axis. He emphasised that Pakistan’s economic circumstances were…
Pakistan earns $2,605 Million from IT services’ export
Pakistan earned US $2,605.340 million by providing different Information Technology (IT) services in various countries during the twelve months of the fiscal year 2022-23. This shows a nominal decline of 0.53 percent as compared to US $2,619.100 million earned through the provision of services during the corresponding period of the fiscal year 2021-22. During July-June…
Exports increase by 17.68 percent to Rs.581.102 Billion in July 2023
Exports from the country in rupee term witnessed an increase of 17.68 during the month of July 2023 as compared to the same month of last year, Pakistan Bureau of Statistics (PBS) reported. Exports during July 2023 were recorded at Rs.581,102 million as against Rs. 493,786 million during the corresponding period of last year, showing…
KCCI Chief slams FBR’s discrimination towards Karachi, demands similar treatment towards Sindh for Section 7E
President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while vociferously slamming the Federal Board of Revenue (FBR) for its discriminatory attitude towards the rest of the country other than Punjab, demanded similar treatment for Section 7E (tax on deemed income basis) of the Income Tax Ordinance 2001 at par with Punjab where…
Sensitization program on remittances for workers going abroad launched
The State Bank of Pakistan (SBP) and the Bureau of Emigration and Overseas Employment (BE&OE) jointly launched the Pre-Departure Briefing Program to sensitize workers going abroad about the process of sending remittances to home and relevant schemes by the government and banks. The program will be organized in all Protectorate of Emigrants (PE) Offices across…
Uzbekistan, Pakistan trade volume to reach US$1 Billion in two years: Envoy
Ambassador of the Republic of Uzbekistan Oybek Arif Usmanov has informed that trade between Uzbekistan and Pakistan has constantly grown at a pace of 50 to 55 percent annually during the last three years by starting from US$50 million to US$240 million last year whereas, this year, bilateral trade volume has already touched US$180 million…
Board of Revenue Balochistan selects PTCL Smart Cloud for E-Stamping Project
Pakistan Telecommunication Company Limited (PTCL) and Board of Revenue Balochistan have signed an agreement for provisioning of IaaS Smart Cloud Services at PTCL’s Tier-III Data Center for Land Record Management System (LRMS) and Fiber Optic Connectivity at Facilitation Centers at different districts of the province. Zarrar Hasham Khan, Group Chief Business Solutions Officer, PTCL and…
Gohar Ejaz assumes charge as Caretaker Commerce Minister
Renowned industrialist and social activist Dr Gohar Ejaz assumed charge as the Caretaker Minister for Commerce and Industry marking a significant development in the country’s economic landscape. The minister was given briefing about the functioning and responsibilities of the ministries of Commerce Division and Industry. With a visionary approach, Gohar Ejaz set forth ambitious goals…