Islamabad Mulling Setting Up The ‘Pakistan LNG Limited’

ISLAMABAD: Islamabad is mulling the establishment of a company to import fuel, including liquefied natural gas, local media reported Wednesday. The company would be called Pakistan LNG Limited, according to The Express Tribune newspaper, and would receive a mandate to import LNG from Pakistan State Oil (PSO), which is the only company to have a mandate at the moment. Pakistan

Pakistans’ Preferential Access to Chinese Market

ISLAMABAD: Pakistan has urged China to revive preferential treatment to ‘Made in Pakistan’ under the second phase of the free trade agreement (FTA), a senior official told Dawn on Saturday. Pakistan and China have held several rounds to revise the FTA which was implemented in July 2007. “We are expecting that the

Regulatory Duty Imposed on Cotton Yarn Imports

ISLAMABAD: All Pakistan Textile Mills Association (Aptma) Chairman Tariq Saud has urged the government to put the import of cotton and synthetic-based Indian textile goods, including all types of yarn, fabrics and garments, on the negative trade list. He voiced concern over the situation, saying the onslaught of imported and smuggled

US Trillion of Profits in Offshore Territories

While Washington is tracking and controlling large financial transactions across the world many US companies continue to use various schemes to avert taxes on their native soil. The largest American companies hold nearly $2.1 trillion of their profits in offshore territories to cut their tax payments in the US. If they paid taxes to the US

Pakistan ranks third in Islamic finance awards

LONDON: There are numerous indices, rankings, awards, prizes and accolades in business, politics, academia and society to recognise excellence and leadership roles played by individuals and institutions. These are used as performance indicators in different fields. From country risk ratings (as issued by the likes of Standard & Poor’s and Moody’s) to

Twelve Pacific Rim Countries Sealed The Deal

ATLANTA: Twelve Pacific rim countries sealed the deal on Monday on creating the world’s largest free trade area, delivering President Barack Obama a major policy triumph. The deal on the Trans-Pacific Partnership, led by the United States and Japan, aims to set the rules for 21st century trade and investment and press

Textile exporters’ woes

KARACHI: All Pakistan Textile Mills Association Punjab Chairman Amir Fayyaz has deplored the delay in announcement of promised textile package by the government. This, he alleged, has led to a transfer of Pakistani textile jobs to India which is dumping its textiles into Pakistan’s unprotected textile market. Addressing media along with the

Success story: Local property venture raises $9m in funding

Zameen is arguably the Pakistani start-up ecosystem success story of the year. The online property portal announced earlier this week that it raised $9 million in series B funding – easily the highest amount of cash secured by any home-grown start-up this year. Sure, there’s Rocket Internet-backed Daraz in the mix too with a

SBP directs banks to install latest machines to detect fake money

KARACHI: State Bank of Pakistan has imported advanced machines capable of examining and sorting fake and different amount of currency notes and directed all the banks to install such machines in their every branch by 2017. Chief Spokesperson SBP Abid Qamar said the machines were imported to recognise fake currency notes and