The “Lifestyle Pakistan” exhibition organised by the Trade Development Authority of Pakistan (TDAP) in collaboration with India Trade Promotion Organisation (ITPO) received marvellous response from Indians who rushed to the venue to buy Pakistani brands.
The event was jointly inaugurated on April 12, 2012 by the Indian Commerce Minister Anand Sharma, Pakistan Secretary Commerce, Chief Executive TDAP Tariq Iqbal Puri and High Commissioner of Pakistan to India Shahid Malik.
Pakistan’s economy is expected to post a healthy growth of four percent during the current year after the democratic government in Islamabad took a series of steps to put the economic house in order, despite high oil prices and uncertain global eeconomic outlook, Finance Minister Dr Abdul Hafeez Shaikh said Wednesday.
Dr Shaikh, who is heading a team of top Pakistani economic managers to the annual spring IMF-World Bank meetings, said “although the 4 percent growth rate is below Pakistan’s potential, it is the best” in recent years.
From clothing lines to home furnishings to accessories – more than 100 Pakistani companies are set to showcase their exquisite collections at a four-day Lifestyle Pakistan exhibition, the first such to be held here from April 12. Participants hope it will boost trade between the two nations.
Jointly organised by the Indian and Pakistani, Lifestyle Pakistan will be held at the Pragati Maidan exhibition grounds. Apart from the exhibition, four fashion shows by Pakistan`s textile and design houses will be featured, a statement said.
The first international Construction Material, Property, Furniture, Stone and Technology Exhibition – Build Pakistan 2012 started at the Lahore Expo Centre on Saturday, which will be open for trade and corporate visitors only. More >
The made in Pakistan plastic goods can compete international markets if the government formulates policies to support this sector, Pakistan Plastic Manufacturers Association (PPMA) Chairman Shakeel Ahmed said on Saturday.
“Pakistan has potential to export finished plastic goods to the international markets subject to supportive government policies,” he said talking to media on the first day of the 8th International Plastic Printing and Packaging Industry & International Food Equipment & Technology (3P) Exhibition that opened at Expo Centre Lahore.
Makhdoom Amin Fahim, the federal commerce minister, said on Saturday that local businessmen will also go India for a single country exhibition soon on the pattern on The India Show. Speaking at the inaugural ceremony of The India Show at the Expo Centre, Lahore, he said that now the Pakistan-India trade relations would move forward reciprocate basis.
“Both governments are determined to ensure normalisation of trade and economic relations and the Indian exhibition is part of the efforts being put in this direction,” Fahim asserted.
Pakistan will start repaying its loans, starting from a $7.6 billion repayment, from today (Friday), of which $417 billion would be paid to the International Monetary Fund (IMF). Next $433 million will be paid on May 29 and $140 million will be paid by June 30. A total amount of $1.2 billion will be paid during the current fiscal year, which includes $990 million of the Standby Agreement (SBA) loan and $210 million from previous IMF loans.
Pakistan Railways, which once claimed to be the lifeline of the country for catering to the large-scale transportation requirements of freight and passenger traffic, is now crippling for its life.
The government has so far failed to release a Rs 11.2 billion bailout package it committed in 2010. The only ray of hope is the private-public partnership initiative, which has been taken at the right time to rescue the largest public-sector department of the country.
First business train reached Karachi Cantt station 15 minute beyond schedule Saturday.
First business train which is joint venture of Pakistan Railway and a private company left Lahore Railway station 5 minutes before schedule and reached Karachi Cantt station 15 minutes late Saturday.