POL import bill up by 6.97% to $3.3 billion in 2 months
The imports of overall petroleum group witnessed an increase of 6.97 percent during the first two months of the current fiscal year (2022-23) as compared to the corresponding period of the last year During the period under review, the total imports of the petroleum group during July-August (2022-23) stood at $3,302.159 million, as against the…
Adil Aziz
“Sarsabz Paagh” award recognizes top-performing dealers
In our region, a turban or “paagh” is considered a symbol of honor. Accordingly, Fatima Fertilizer invited 180 of its top performing dealers from all over Pakistan to attend a special awards ceremony held in recognition of their outstanding performance and support to the company. The awards were associated with the title of “Sarsabz Paagh”…
Emirates and United Expand Market Presence Through New Agreement
Emirates customers to connect on United to nearly 200 new cities in the Americas, through Chicago, San Francisco and Houston Emirates and United announced a historic commercial agreement today that will enhance each airline’s network and give their customers easier access to hundreds of new destinations* within the United States and around the world. From…
Textile exports increase by 4.18% in two months, 7.7% in August
The textile exports were recorded at $3,056.387 million in July-August (FY2022-23) against the exports of $2,933.739 million during the corresponding period of last year 22) The exports of textile commodities increased by 4.18 percent during the first two months of the current fiscal year as compared to the corresponding month of last year. The textile…
GSP+ impacts positive in Pakistan with exports to EU rising by 82%
The outcomes of Pakistan’s GSP+ status conferred by the European Union (EU) has started bearing positive outcomes amid growing exports to the EU by 82% whereas the trade incentive scheme would be revised soon with increase in demand on compliance of international conventions. Head of Rural Development and Economic Cooperation, European Union Delegation Dr Stephen…
UAE wants enhanced business and investment relations with Pakistan
The United Arab Emirates (UAE) wants enhanced business and investment relations with Pakistan in order to complement the economy of each other and achieve mutually beneficial results. UAE also want to have more investors of Pakistan to invest in its economic zones and would encourage its investors to explore Pakistan for business and investment opportunities….
Ethiopian envoy sees vast opportunities for economic ties with Pakistan
Ambassador of Ethiopia to Pakistan, Jemal Beker Abdula on Wednesday said that there are vast opportunities for economic and trade relations between Pakistan and Ethiopia from which both countries can reap benefits. The Ambassador said that in terms of their geo- strategic location, Pakistan and Ethiopia are located at a very important geographical location, which…
Martin Dow Group eyes Pakistan’s potential for manufacturing diagnostics equipment
Martin Dow Group creates distinction for life – a long-standing adage that Martin Dow identifies with. Martin Dow Group is fully committed to standing strong with Pakistan for increasing productivity, exports, and wellbeing. Its flood-relief efforts have also been in full throttle. To further expand and encourage Pakistan’s feasibility for the international markets, Martin Dow…
NBP stall attracts Chinese financial institutions in Beijing
The National Bank of Pakistan (NBP) booth set up in Shougang Park, at China International Fair for Trade-in-Services 2022, to introduce its services to the Chinese small and medium enterprises (SMEs), state-owned enterprises (SoEs), traders and ongoing cooperation with Chinese financial institutions attracted many visitors, said Shaikh Muhammad Shariq, Chief Representative of NBP in China….
No Restrictions on Import of Raw Materials: SBP Clarifies
Lately, some media reports and representatives of trade organizations have claimed that banks are not opening Letters of Credit (LCs) for essential raw materials including pharmaceuticals. This is contrary to the facts. It is clarified that there is no restriction on the import of raw material for any industry including export-oriented industry. It is further…