Category archives for: Business

Oil refinery to become functional this year

KARACHI: The oil refinery in the city is expected to be on stream two weeks ahead of scheduled at Rs3.5 crores lesser cost than the original estimates. Minister for Fuel, Power and Natural Resources Z.A. Bhutto is Karachi News Sources

Investors to gain access to Pakistan with imminent fund launch

The first Pakistan fund, the Melchior Selected Trust Pakistan Opportunities Fund (MSTPOF), will be launched on 19 June by Dalton Strategic Partnership LLP, advised by KASB Funds in Karachi. At … Karachi News Sources -2

The large potential of small & medium enterprises

KARACHI:  The State Bank governor recently said that the share of small and medium enterprises in business establishments in Pakistan is 98 per cent, and it employs over 78 per cent of the non-agricultural manpower in the country. That makes it the largest private segment of economy.  He further added that the share of total […]

Settlement of GST on tractors assured

KARACHI, Jan 13: Federal Minister for Industries Chaudhry Pervez Elahi has assured the vendors and tractor makers of resolving the lingering issue of 16 per cent general sales tax as early as possible. Karachi News Sources

Tough time ahead for consumers

KARACHI, Jan 10: The falling value of the rupee has yet to make any adverse impact on the edible items thanks to the declining trend on the world commodity markets. Karachi News Sources

Remittances rise to $6.3bn in July-Dec

KARACHI, Jan 10: The State Bank of Pakistan (SBP) reported on Tuesday that overseas Pakistanis sent . Karachi News Sources

Sand and silk: Mohatta Palace brings ravishing African textiles to town

  KARACHI:  Vibrant ceremonial shawls and dyed textiles from Africa have been put up on display at the Mohatta Palace Museum as part of an exhibition, Sand and Silk—Textiles from Africa. These 30 to 40 textile samples are from the personal collection of John Gillow, who has spent three decades studying textiles. He has also […]

‘Pak-German economic ties are long-lasting’

The Pak-German cooperation for development, which started off in 1961, has really stood the test of time and has been a really long-standing and endur The News International – Karachi

Koreans invited to invest in coal, wind sectors

KARACHI: Sindh Board of Investments (SBI) has invited Korean investors to invest in Pakistan especially in coal and wind sectors. Chairman SBI Muhammad Zubair Motiwala while talking to Pakistani Ambassador for Korea, Shaukat Mukaddam at his office here on Monday, advised him to use the good offices of Embassy of Pakistan in spreading word about […]

Falling palm oil rates fail to lower ghee prices

KARACHI, Jan 5: The ghee and cooking oil industry has not passed on the impact of falling palm olein rates in the world market to local consumers, and during 2011 they further pushed up rates, linking the price Karachi News Sources

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