Commerce

Pakistan’s business community making efforts for welfare of people: APTMA

KARACHI (Sarzameen News) –  Senior Vice Chairman All Pakistan Textile Mills Association (APTMA), Zahid Mazhar on Thursday said that, “Pakistan possesses a very efficient and vibrant business community which despite of heavy odds is making tremendous efforts towards the welfare of the people and the development of the economy.” He made these remarks during a

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Pakistan’s economic growth soars to highest mark in eight years : World Bank

ISLAMABAD (Monitoring Desk) – Pakistan’s economic growth in fiscal year (FY) 2016 soared to 4.7 percent—the highest rate in eight years and a significant increase from the previous year’s 4.0 percent, says a new World Bank Report. The World Bank noted that South Asia continues to lead global growth, expanding by 6.8 percent in FY16.

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Zong achieves highest ever monthly revenue of PKR 5bln

ISLAMABAD (Monitoring Desk) – Pakistan’s No 1 Data network Zong on Tuesday announced its highest ever monthly revenue of PKR 5b for October 2016. According to a press release issued here, the company registered a 23.2% (MoM) increase in revenues for the month of October 2016, a 26.5% increase in recharge as compared to October

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CPEC related energy projects to produce 17,000 MW in Pakistan

ISLAMABAD (Sarzameen News) – Some 17,045 megawatts of energy would be generated by the help of energy projects under the China-Pakistan Economic Corridor (CPEC) in the country, official sources said on Tuesday. The CPEC energy projects would not only help overcome the existing energy crisis in Pakistan but would also produce surplus power to benefit

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Unilateral steps damaged property market: ICST

ISLAMABAD (Sarzameen News) – The Islamabad Chamber of Small Traders (ICST) on Monday said unilateral decision of the government to regulate property market has damaged this sector. Authorities should have taken stakeholders into confidence before taking decision which has resulted in eighty percent fall in the business, said Shahid Rashid Butt, Patron Islamabad Chamber of

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PSO launches new range of premium quality fuel products

KARACHI (Sarzameen News) – In continuation of its efforts to serve its customers better, Pakistan’s leading oil marketing company Pakistan State Oil (PSO) on Monday launched a new range of superior quality fuel products namely Altron Premium and Altron X High Performance nationwide. The new product range is now on sale at PSO stations in

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180 mmcfd additional gas to be added in system this winter: Ministry

ISLAMABAD (Sarzameen News) – The natural gas consumers would get 180 mmcfd additional gas during this winter after the government succeded to produce more gas from exploratory wells and injection of Regassified Liquefied Natural Gas (RLNG) in the trasmission network. “During this winter season, 180 mmcfd (million cubic feet per day) additional gas will be

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Call to tackle gas sector circular debt

ISLAMABAD Sarzameen News) – The Pakistan Economy Watch (PEW) on Sunday asked the government to tackle gas sector circular debt before it put a question mark on the success of the energy policy. He expressed concern over the gas sector circular debt that has touched the mark of Rs 12 billion. The debt should be

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Signing of an MoU for enhancing participation of women in business activities

Minister for Commerce, Engr. Khurram Dastgir Khan and Deputy Secretary of US Department of Commerce, Mr. Bruce Andrews are witnessing the signing of an MoU for enhancing participation of women in business activities at the 4th Pak-US Business Opportunities held in New York on June 3, 2016.

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Joint Statement by President Barack Obama and Prime Minister Nawaz Sharif

(Web Desk) – At the invitation of President Obama, Prime Minister Sharif paid an official visit to Washington from October 20 to 23, 2015 that reinforced the commitment of both leaders to an enduring U.S.-Pakistan partnership, a prosperous Pakistan, and a more stable region. President Obama and Prime Minister Sharif held wide-ranging discussions at the

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