Business | Pakistan Talk

EDLs up by $9.5bn to hit 1/3 of GDP

ISLAMABAD: Rising $9.512 billion in last one-and-a-half-year Pakistan’s outstanding external debts and liabilities have reached to almost one-third of the country’s GDP. At end of December 2009, country’s total EDLs stood at unprecedented $55.675 billion or 32 percent of GDP, while in June 2008 these stood at 46.16 billion dollars (27.6 percent of GDP), the [...]

March 8, 2010 Business 0 Comments

Technical education vital for industrial development

ISLAMABAD, Jan 14 (APP): Federal Minister for Textile Industry Rana Farooq Saeed Khan has said that government gives more importance to technical education in textile industry and necessary measures are being taken for its development. Federal Minister expressed these views in a meeting with high officials of the Textile Ministry here on Wednesday. He said [...]

January 14, 2009 Business 0 Comments

Clinton says Obama supports Pakistan economic aid expansion, confident of positive ties

WASHINGTON: Assuring lawmakers of President‑elect Barack Obama’s support for a Congressional measure on three‑fold expansion in economic assistance for Pakistan, U.S. Secretary of State‑designate Hillary Clinton has vowed pursuing a ‘positive’ relationship with Islamabad towards addressing the ‘tough and complicated’ problem of violent extremism afflicting the region. “Yes, the President‑elect does support the legislation that [...]

January 14, 2009 Business, Politics, World 0 Comments

Pakistan cricket finances hammered by canceled tours: official

ISLAMABAD: Pakistan cricket is on the verge of bankruptcy and needs concrete efforts to restore its coffers after Australia and India cancelled their tours, a top official said on Tuesday. India last month refused to send its team to Pakistan amid heightened tensions following the November attacks on its financial hub Mumbai, which New Delhi [...]

January 14, 2009 Business, Sports 0 Comments

Pak-Ukraine trade ties discussed

ISLAMABAD: Ambassador of Ukraine to Pakistan, Igor Pasco called on the Federal Minister for Commerce Makhdoom Amin Fahim here on Tuesday and discussed ways and means to further strengthen the trade ties between the two countries. The Federal Minister for Commerce said, Ukraine is a big market for semi-finished goods and asked for strengthened trade [...]

January 14, 2009 Business 0 Comments

Govt to offer incentives for promotion of clean energy: Zardari

ISLAMABAD: President Asif Ali Zardari has said the government will adopt incentive based policies for improving agricultural output, increasing afforestation and producing low cost, adequate and environmentally clean power. He made these remarks during a briefing on climate change. He said the best way to involve the people in tackling climate change issues was to [...]

January 11, 2009 Business, World 0 Comments

Govt considering a relief for textile sector: Tareen

KARACHI: PM’s Advisor on Finance Shaukat Tareen said that the government was considering to provide a relief to textile sector on their loan repayments to improve cash flows. He was replying to media questions after chairing a meeting to review the performance of Pak‑Lybia Holding Company Ltd at FTC building here Saturday. He said that [...]

January 11, 2009 Business 0 Comments

Pakistani exports grow by 10.57 percent

ISLAMABAD, Jan 10 (APP): Pakistan’s exports during the first half of current financial year were recorded at $ 9.57 billion as compared to $ 8.65 billion exports in the corresponding period of last financial year, showing increase of 10.57 per cent. However, exports were reduced by 14.18 per cent during the month of December by [...]

January 11, 2009 Business 0 Comments

Pakistan, Kenya has great trade potential: ICCI

ISLAMABAD: The present volume of trade between Pakistan and Kenya is not up to full potential while both countries offer plenty of opportunities to enhance bilateral trade. This was said by Mian Shaukat Masud, President, Islamabad Chamber of Commerce and Industry while talking to Mrs. Mishi Masika Mwatsahu, High Commissioner of Kenya who visited ICCI. [...]

January 8, 2009 Business 0 Comments

Women Business Development Center to start functioning in Peshawar by end of Jan

PESHAWAR: Women Business Development Center, being set up with the objective of facilitating women entrepreneurship in NWFP, will start functioning in Peshawar from end of current month. The project, to be completed at a cost of Rs. 30 million, will provide support to women entrepreneurship ventures in the province by removing handicaps as regard to [...]

January 8, 2009 Business 0 Comments

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