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[31 Jul 2017 | No Comment | ]

by Khaleeq Kiani in Dawn, July 31st, 2017
Amid political turmoil the country’s internal and external accounts appear to be entering uncertain territory.
The fiscal account, after showing marked stabilisation over the past four years, has started a downhill journey as evident from the 2016-17 budget deficit that was higher than a year before as tax machinery was Rs250 billion behind target.
The external account is on an even more precarious path as all of its three key sources are going down, stagnating or not picking up.
Exports have been falling for a few …

Headline, PAK- RUSSIA - - US TIES, Trade »

[7 Jul 2017 | No Comment | ]

Report in Pakistan Today, July 7, 2017
Karachi: Despite getting approval for zero duty under the generalised system of preferences (GSP) six years ago, Pakistani mangoes have failed to create a market share in the United States, a country that spends $0.5 billion on fruit imports.
This was stated by Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Regional Chairman on Horticulture Exports Committee Ahmad Jawad who blamed the lack of facilities in Pakistan as the reason behind the trend.
“Exporters still complain that the process of exporting mangoes to the US …

China, Trade »

[4 Jul 2017 | No Comment | ]

AP report in South China Morning Post, July 4, 2017
An environmental watchdog group says its investigation has found that a little-known town in southern China is a major hub for ivory smuggling by organised criminal gangs.
The Washington-based Environmental Investigation Agency said in a report on Tuesday it had uncovered a network of ivory trafficking syndicates operating out of Shuidong in Guangdong province, near Hong Kong.
The group says its investigators worked undercover posing as buyers to win the trust of a smuggling group and tracked one of its shipments from …

Business, Headline, Trade »

[25 Dec 2012 | No Comment | ]

ISLAMABAD, Dec 25: The banking sector of the country was not capable of financing the Iran-Pakistan gas pipeline but the State Bank could raise funds for the project by launching bonds, Adnan Adil Hussain, senior vice-president for consumer and retail banking at the National Bank, said on Tuesday.
Talking to reporters, he said his bank entered such ventures only on the basis of commercial viability. “We are already in a consortium to finance the Neelum-Jhelum power project.
“However, entering the IP pipeline project is possible if the central bank gives guidelines,” he …

Azad Kashmir, Business, Jammu and Kashmir, Pakistan, Trade »

[3 Nov 2009 | No Comment | ]

The Dawn, Nov 3
( The author is Co-chairman, Pakistan-India Citizens Friendship Forum, Karachi)
IN the midst of the attacks in Pakistan by terrorists and militants, the offer of Prime Minister Manmohan Singh to resume the peace process – dialogue — with Pakistan came as a pleasant response as we do need to have a sense of security and peace on our eastern border so that more emphasis may be given by security forces to deal with militants within and in our northern region.
The Indian prime minister is reported to have …

India, Pakistan, Terrorism, Trade, Travel, Uncategorized »

[2 Nov 2009 | No Comment | ]

The Daily Times, Nov 2
NEW DELHI: When India’s central bank admitted discovering 400,000 fake notes in its currency reserves, many here woke up to the scale of the country’s counterfeit money problems.
Worse still, the embarrassing admission related to a survey from the last financial year to March 2009 and authorities say the problem has since got worse.
Police and the central bank have observed a tripling in the value of notes detected or seized in raids in recent years and authorities are convinced the source of the deluge is a …

Azad Kashmir, China, Gilgit -Baltistan, Headline, Trade, Travel »

[27 Jul 2009 | No Comment | ]

By Khalid Mustafa
ISLAMABAD: The $11.3 billion Diamer-Bhasha Dam has hit snags due to 100-kilometre realignment of the Karakoram Highway (KKH), as the National High Authority (NHA) has jacked up its cost projections by a whopping 45 per cent, which is sure to increase the project cost manifold.
As a result, sources said, the Wapda had decided to go the course alone and show the door to the NHA. Wapda has also conveyed to the relevant authorities its intent to carry out the alignment itself and would involve the Frontier Works Organisation.
When …