FAISALABAD, May 12 (INP): Pakistan enjoys rich potential for mushroom exports through enhanced cooperation with China, and taping new markets. This was stated by Dr. Muhammad Muzammil Jahangir, an Associate Professor at the University of Agriculture, Faisalabad (UAF), who holds a Ph.D. from Zhejiang University, China and has been a leading researcher in the field of mushroom production, processing, and storage in …
ISLAMABAD, May 10 (INP) – The local tractor sales registered an increase in the first nine months of the current fiscal year (2023-24), testifying to the increasing interest of farmers and agricultural stakeholders in the adoption of machinery, reports WealthPK. The increase in sales is driven by the localization of tractors, growth in the agriculture sector, technological advancements, and improved …
ISLAMABAD, May. 10 (INP) – Giving market access to small and medium-sized enterprises and freelancers through a developed Information and Communication Technology infrastructure would help boost economic activity in Gilgit-Baltistan. Speaking to WealthPK, Ghulam Rehman, President of GB Freelancers Association (GBFA), said that Karakoram International University and the University of Baltistan were the primary higher education institutions in the region, …
ISLAMABAD, May. 10 (INP) — In recent months, Pakistan has witnessed a decline in its inflation rate, indicating a significant shift in its economic direction. The inflation rate has demonstrated a significant decline, dropping from 29.7% in December 2023 to 20.7% in March 2024, reflecting a remarkable decrease of 9 percentage points within a concise three-month span. Talking to WealthPK, …
BEIJING, May 10 (INP): Federal Minister for Planning, Development, and Special Initiatives, Prof. Ahsan Iqbal held here media interaction, highlighting his government commitment with CPEC. According to China Economic Net, he told newsmen that they are working with the Chinese counterparts to define parameters of China-Pakistan Economic Corridor (CPEC) Phase II which highlights strengthening bilateral cooperation in three areas i.e. …
BEIJING, May 10 (INP): Federal Minister for Planning, Development, and Special Initiatives, Prof. Ahsan Iqbal, met here with Zhang Jianghua, Chairman of the National Energy Administration of China. According to Gwadar Pro, he was accompanied by Syed Tariq Fatemi, Special Assistant to the Prime Minister, Ambassador Khalil Hashmi, and other government officials. Ahsan Iqbal stated on the occasion that the …
ISLAMABAD, May 9 (INP): President of Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), Moazzam Ghurki, stated that the Pakistani fishing industry is immensely attractive to Chinese investors. China has a huge consumer market for aquatic products and is one of the largest buyers in Pakistan. According to Gwadar Pro, the main aquatic categories of Pakistan’s exports to China include …
BEIJING, May 9 (INP): Federal Minister for Planning, Development and Special Initiatives, Prof. Ahsan Iqbal arrived in Beijing on May 8 as part of the high-level interactions between China and Pakistan and held important bilateral talks between officials and financial institution leaders to accelerate the CPEC 2nd phase. The Federal Minister was accompanied by Ambassador Syed Tariq Fatemi, Special Assistant to …
FAISALABAD May 09 (INP) – The business community of Faisalabad has demanded security measures for safe transportation of cash to and from banks and to curb break-ins at their inventories. Talking to WealthPK, Muhammad Waheed, a powerloom factory owner, said the break-ins at factory inventories had become frequent. He said entrepreneurs taking cash to and from banks were also vulnerable …
ISLAMABAD May 09 (INP) – The private sector’s contribution to economic growth remains significantly stunted. A key factor behind this limited involvement is the banks’ reluctance to provide loans for business expansion, which is overshadowing Pakistan’s economic path. The private sector borrowing has plummeted by 36.95 percent to a mere Rs191.5 billion in the initial nine months of FY24 – …
