Category archives for: Business

Trade policy framework being amended

ISLAMABAD, Dec 21: A supplementary Strategic Trade Policy Framework 2009-12 with changes in the Import and Export Policy Order 2009, is likely to be introduced shortly to facilitate liberal trade regime with India. Islamabad News Sources

Pakistan drives railways towards ruin –

Pakistan drives railways towards ruin RAWALPINDI: For 44 years, Jaffer Hussain has worked as a porter, hauling luggage around bustling platforms in exchange for handsome tips. But these days, he just sits and waits. “I’ve been working here since 1967. I’ve seen the boom of railways. … PM directs Railways to improve  Rawalpindi – Google […]

Economic indicators positive: Dr.Hafeez

ISLAMABAD: Federal Minister for Finance, Dr Abdul Hafeez Shaikh here on Monday said economic indicators were showing positive results due to prudent economic policies initiated by the government. Briefing a newsmen, here at the Ministry of Finance, the Minister said the government wanted to improve the workings, efficiency and performance of State Owned Enterprises like […]

Clothing exhibition: Jazzing up the winter wardrobe

  ISLAMABAD: Sunday offered a perfect retreat for the fashion-savvy women of the capital to stock up on their winter clothes. Mariam Pasha, a designer who has been exhibiting for years, held her bi-annual collection for fall/winter collection. The designer works mainly from home and also deals with tailoring orders. This time, she has chosen to […]

Multi-billion-dollar scheme: Secret deal for LPG/NGL extraction project

  ISLAMABAD:  Amid the roaring Rental Power projects controversy that fuelled speculations and added to the woes of Prime Minister Yousaf Raza Gilani’s cornered government, the Oil and Gas Development Company is set to strike a secret deal with JJVL, a Lahore-based LPG tycoon, for a multi-billion-dollar award of contract. The contract is for LPG/NGL […]

Pakistan to ‘tax’ U.S. military shipments

McClatchy Newspapers ISLAMABAD — Pakistan is planning to tax supplies for U.S.-led coalition troops that are shipped through its territory to landlocked Afghanistan, officials revealed, in … Islamabad News Sources -2

Energy crisis deepens

With the advent of chilling winter demand for natural gas has increased in many parts of Pakistan. However, it is disturbing that those who need the w The News International – Islamabad

Sugar barons agree to stabilise prices

ISLAMABAD: Sugar barons have agreed to supplying over 400,000 tons of sugar to the government warehouses for stabilising the stocks but the millers ha Islamabad News Sources

White elephants live on: ‘Govt interference ruined state-owned enterprises’

  ISLAMABAD:  Liberal economists felt vindicated on Thursday after the government admitted to their long held belief – that it has no business running businesses in the country. In a rare admission, Finance Minister Dr Abdul Hafeez Shaikh said that the strong government footprint in Pakistan Railways, Pakistan International Airlines and the power sector have […]

WB may be asked to inject funds into Pakistan Railways

ISLAMABAD: The government, in close collaboration with the World Bank, is preparing a detailed road map for revitalizing the cash starved Pakistan Railways that requires a multi-billion dollar injection over the medium to long term to ensure a complete turnaround.The government had constituted a Core Team, as specified by the Planning Commission, which was assigned […]

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