Wednesday , 20 September 2017

Latest bike model: ECC refuses to grant ‘new entrant’ status with incentives

ISLAMABAD: The Economic Coordination Committee (ECC) has turned down a proposal of the Ministry of Industries and Production that recommended giving the status of “new entrant” to a new motorcycle model of Atlas Honda. In its summary prepared for the ECC, the Ministry of Industries, in a meeting on November …

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Market watch: Investors remain on edge with political drama

KARACHI: Investors in the stock market remained wary as the Panama Papers case involving the family of prime minister hangs in the balance. The international crude oil prices bounced back due to news of possible agreement among OPEC members, which pushed up the exploration and production (E&P) sector at the …

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Impact on agriculture: FCCI calls for policies to deal with climate change

FAISALABAD: Drawing attention to one of the dire issues, Faisalabad Chamber of Commerce and Industry (FCCI) President Muhammad Saeed Sheikh has stated that the government can play a major role in offsetting the impact of climate change on agriculture and related industry. In that connection, he said focused and sustainable …

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State revenues: Low tax-to-GDP ratio hinders development

ISLAMABAD: Special Assistant to the Prime Minister on Revenue Haroon Akhtar Khan has said that business-friendly policies have resulted in rapid economic development and the country will achieve 6% growth rate before general elections in 2018. “A low tax-to-GDP ratio is hampering development for which we are trying our best …

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New electricity projects pursued round the clock: NTDC MD

LAHORE: The electricity transmission system of Pakistan can currently bear a load of up to 17,400 megawatts which has to be upgraded with an additional 8,000MW to get best results from on-going power projects, said National Transmission and Despatch Company (NTDC) Managing Director Faiz Ahmad Chaudhry. “We are working round …

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Vitol Dubai increases stake in Hascol to 25%

KARACHI: Vitol Dubai Limited, a global energy and commodity trading company, has increased its stake in Hascol Petroleum Limited to 25% compared to 15% earlier this year, according to a bourse filing on Wednesday. “Vitol Dubai Limited…has exercised its call option to acquire an additional 10% shares in Hascol Petroleum …

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Development outlook: Innovation, value addition key to economic growth

ISLAMABAD: Speakers at a seminar on Wednesday underscored the need for promoting innovation, value addition, quality improvement and competitiveness for achieving higher economic growth. They were speaking at the seminar titled “Creating Capabilities for Growth”, organised by the Consortium for Development Policy Research and the International Growth Centre. The energy …

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France sees a huge market in Pakistan

ISLAMABAD: Underlining Pakistan’s importance for France, Embassy of France’s Regional Economic Department for India and South Asia Head Jean Marc Fenet has said that his country considers Pakistan as a huge market for business and is keen to further promote bilateral trade and economic relations. He said France had previously …

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Hospitality industry: Sri Lanka seeks Expressions of Interest

MULTAN: Sri Lankan authorities have sought Expressions of Interest (EoI) from Pakistani companies for the construction of two modern hotels near Bandaranaike International Airport in Katunayake, Sri Lanka. Sri Lanka’s Airport and Aviation Services Limited (AASL) has sent letters to all the chambers of commerce and industries in Pakistan including …

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Modi has learnt what Pakistan is capable of: army chief

ISLAMABAD: The day seven Pakistani soldiers died in unprovoked shelling by India troops along the Line of Control (LoC), 11 Indian servicemen were also killed in retaliatory fire from the Pakistani side of the de facto border, revealed army chief General Raheel Sharif on Wednesday. “So far, 40 to 44 …

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