musiclover
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COMMENT: A hope to rescue Pakistan Railways
Feb 16th
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.
5 more business trains to run: GM Railways
Feb 9th
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.
Pakistan wins WTO go-ahead for EU deal
Feb 2nd
Pakistan has finally succeeded in securing a European Union preferential trade deal nearly two years after the EU proposed a relaxation of tariffs to help the South Asian country’s economy recover after devastating floods. More >
Expo ‘It’s all about Chemistry” inaugurated
Jan 26th
A Traveling Expo on “It’s all about Chemistry” inaugurated at Shah Abdul Latif University, Khairpur, jointly organized by Pakistan Science Foundation (PSF) Islamabad, Embassy of France and Science Centre, France on Tuesday. Prof Dr. Ghulam Raza Bhatti Pro-Vice Chancellor Shikarpur Campus SALU, Khairpur inaugurated the Expo. On the occasion, addressing the ceremony Prof Dr. Ghulam Raza Bhatti said that we must strive hard for the science, because the science is must for the development of country and travelling expo is the great effort of PSF. This expo will pave the way of knowledge to researchers and students.
Expo held to increase interest of youngsters in chemistry
Jan 19th
Six-day Travelling Expo “Its all about Chemistry” started at Sindh Agriculture University, Tandojam. Pakistan Science Foundation (PSF) with the support of France Embassy arranged the Expo to provide a first-hand picture of the role of Chemistry in our daily life to students and general public. More >
Pakistan’s forex reserves ease to $16.90 billion
Jan 12th
Pakistan’s foreign exchange reserves eased marginally to $16.90 billion in the week ending Jan. 6, from $16.92 billion the previous week, the central bank said on Thursday.
Reserves held by the State Bank of Pakistan (SBP) fell to $12.82 billion from $12.88 billion a week earlier, while those held by commercial banks rose to $4.08 billion, compared with $4.04 billion the previous week.
Pakistan urged to up textile trade with ECO countries
Dec 29th
Pakistan has been called on to utilise its political and diplomatic ties to boost its trade with the Economic Cooperation Organisation (ECO) nations to support its domestic value-added textile industry.
The ECO is an intergovernmental regional organisation for promoting economic, technical and cultural cooperation among its 10 member states – Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan and Uzbekistan.
Pak economy can benefit from debt market
Dec 22nd
Pakistan’s economy and the financial sector are now at a stage where they can support and benefit from a vibrant and efficient debt market.
The size of private debt, or Term Finance Certificates (TFCs) in Pakistan, remained around Rs 74 billion (0.5% of GDP), which is paltry as compared to the outstanding domestic government debt of Rs 4.64 trillion (31.4% of GDP). There is clearly underexploited capacity available to support economic growth.
Garment sector loses $800 million export orders
Dec 15th
The garment sector lost export orders of $800 million during the first five months of this fiscal year because of the electricity crisis. The garment exports declined by 10 per cent in October and 17 per cent in November.
“If the European Union puts a ceiling on the export of seven items which are included in the market access package, the garment exports will fall further and thousands of workers will lose their jobs,” Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) chairman Shehzad Salim said at a media briefing here on Tuesday.
BD keen to promote trade with Pakistan
Dec 8th
Bangladesh High Commissioner to Pakistan Suhrab Hossain has said that Bangladesh making strenuous efforts for strengthening trade ties with Pakistan. More >
