sector
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Auto sector grows despite inflation | The Express Tribune
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[ad_1] KARACHI: Despite mounting inflation, rising commodity prices and contraction in purchasing power of the public, foreign automobile brands are entering the Pakistani market to capitalise on the available opportunities. Peugeot, a European car company, announced on Saturday to kick start manufacturing of cars in Pakistan in partnership with Lucky Motor Corporation. “The first step…
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Russia seeks Indian investment in its oil and gas sector | The Express Tribune
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[ad_1] NEW DELHI: Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Russia’s economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions over Moscow’s…
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Packaging sector seeks industry status | The Express Tribune
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[ad_1] LAHORE: The packaging sector is the backbone of all industries and the government should grant industry status to it in order to reap maximum benefits, said Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Management Committee Regional Chairman Punjab Muhammad Nadeem Qureshi. Talking to representatives of the All Pakistan Corrugated Cartons Manufacturers Association…
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Telecom sector posts record Rs644b revenue in FY21 | The Express Tribune
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[ad_1] KARACHI: The telecom sector posted the highest-ever revenue of Rs644 billion in fiscal year 2020-21 as compared to the revenue of Rs592 billion in the previous year. The sector attracted $202 million in foreign direct investment (FDI) and contributed Rs226 billion to the national exchequer, according to Pakistan Telecommunication Authority’s (PTA) annual report for…
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Hybrid wheat expected to revolutionise agri sector | The Express Tribune
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[ad_1] BEIJING: “We have submitted our hybrid wheat varieties to Pakistan’s government for approval,” said Guard Group CEO Malik Ali. “Once we gain approval, we will start production of hybrid wheat in Pakistan in collaboration with Beijing Academy of Agriculture and Forestry Sciences (BAAFS),” CEO of the agricultural giant said. “We hope that like hybrid…
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Market watch: Stocks rise, aided by IT sector package | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange staged a rebound on Wednesday as the KSE-100 index climbed 121 points, aided by investor interest in technology stocks. The approval of an incentive package for the IT industry by Prime Minister Imran Khan triggered bullish activity in the technology sector, where stocks were in the limelight throughout the…
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PM approves incentives for IT sector, freelancers | The Express Tribune
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[ad_1] ISLAMABAD: In a historic move, the government has approved a number of incentives to facilitate the information technology (IT) and IT-enabled services (ITeS) sectors, freelancers and startups. According to a statement, the approval was given by Prime Minister Imran Khan while chairing a meeting on Tuesday. Earlier, the Ministry of IT and Telecommunication had…
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Smuggled goods perturb FMCG sector | The Express Tribune
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[ad_1] LAHORE: The fast moving consumer goods (FMCG) companies in Pakistan have stated that smuggled or illegally imported products from Iran were posing significant threat to their profits and sales. They highlighted that such goods cost half as much as locally available ones and their availability was increasing on the back of climbing inflation reading.…
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Pharma sector gets tax incentives | The Express Tribune
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[ad_1] ISLAMABAD: The government has approved a tax incentive package for the active pharmaceutical ingredient (API) industry to give a boost to its growth and ensure it is on a par with the industries in India, China and Bangladesh. Earlier, the Prime Minister’s Office told the ministries and divisions concerned that PM Imran Khan desired…
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Govt to resume supply of natural gas to CNG sector | The Express Tribune
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[ad_1] ISLAMABAD: The government is aware of the importance of the compressed natural gas (CNG) industry and it will try to immediately resume the supply of natural gas to it, said Federal Minister for Petroleum Hammad Azhar. While talking to a delegation of All Pakistan CNG Association (APCNGA) on Friday, he said that the government…
