Sunday, March 19th, 2023
Commerce Minister agrees to redress garment sector SMEs liquidity crisis
DNA PRGMEA calls for establishing Sialkot Garment City ISLAMABAD, MAR 19: Federal Minister for Commerce Syed Naveed Qamar has agreed with the demands presented to him by the apparel exporters, especially to resolve the issue of liquidity crunch faced by the SMEs due to blockage of sales tax refunds, creating the crucial cash flow problem for the garment exporters to cater the new orders. The Commerce Minister attended an interactive session along with Defence Minister Khawaja Aasif and TDAP Director General Shahzad Ahmed Khan, in his maiden visit to SialkotRead More
Agricultural country lag behind in advanced agriculture technology
How much has been improved in terms of agricultural research, seed certification, provision of agricultural machinery and technical assistance to farmers? Large-size agriculture departments, after spending billions of rupees, why are the results contrary to expectations? How is the performance of Ministry of National Food Security & Research in availability of food items in abundance and at affordable prices? Mumtaz Ahmed Bhatti There is a vast area of fertile land in Pakistan and it is our bad luck that agricultural commodities cannot be produced in Pakistan as per requirement.Read More
PCMAEA asks govt to take rapid steps to boost exports
LAHORE, MAR 19 /DNA/ – Pakistan Carpet Manufacturers and Exporters Association (PCMAEA) senior vice chairman Usman Ashraf has said that until the economy is based on exports, Pakistan’s prosperity will remain a dream. In a statement issued here on Sunday, he said regarding exports, policies will have to be reframed in consultation with stakeholders and there is dire need to remove unnecessary obstacles created by State Bank and other institutions besides reducing cost of production. He suggested that in order to increase exports, a study report should be prepared forRead More
PIAF seeks serious measures as Pakistan exports continue to drop
DNA Lahore, MAR 19: Raising grave concern over the continued falling trend of Pakistan exports the Pakistan Industrial and Traders Associations Front (PIAF) on Saturday said that the country’s textile exports dipped for the fifth consecutive month as shipments dropped by almost 30% year-on-year to $1.20 billion in Feb 2023, indicating that the government has failed to win the confidence of the business community due to continued rupee deprecation and uncertainty. PIAF Chairman Faheem ur Rehaman Saigol, quoting the latest figures, stated that the overall exports during July-February 2022-23 totalledRead More
Anjum Nisar says declining exports trend to put more pressure on foreign reserves
DNA ISLAMABAD, MAR 19: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel on Sunday, stressing the need for putting the economy on a sustainable growth trajectory by providing incentives to the industry, lamented that the economy is facing multiple challenges of falling exports, high inflation, low growth and declining foreign reserves, with fiscal accounts under immense pressure on account of heavy interest payments. FPCCI former president and Businessmen Panel (BMP) Chairman Mian Anjum Nisar said that the drop shows the government would find it difficult to achieveRead More
Beyond Boundaries: Australia empowering girls through cricket
DNA ISLAMABAD, MAR 19: The Australian High Commission (AHC) and the Pakistan Cricket Board (PCB) with the support of Serena Hotels today hosted the 7th AHC-PCB Girls’ Cricket Cup in Islamabad. Australia’s High Commissioner to Pakistan, Neil Hawkins congratulated the girls and the schools on their participation and welcomed the continued support of the PCB and Serena Hotels for the annual AHC-PCB Girls’ Cricket Cup. “The Australian High Commission has been sponsoring girls’ cricket in Pakistan since May 2016 to promote gender equality through sport. We began with a singleRead More