ISLAMABAD, Aug 30 (INP): Pakistan exported meat and meat preparations worth $34,866,000 in July against the exports of $25,409,000 during the same period of last year, showing a growth of 37.22% with a quantity of 8,910 M.T, according to the Pakistan Bureau of Statistics (PBS). In fiscal year 2022-2023, Pakistan exported meat and meat preparations worth $426,708,000 as compared …
KARACHI: The US dollar’s rise against the Pakistani rupee shows no signs of abating, as it reached record highs in both the interbank and open markets on the second day of the business week Tuesday. According to details, the dollar’s value rose by an additional 75 paisas in the interbank market, settling at an alarming 302.75 rupees. In the …
ISLAMABAD, Aug 28 (INP): Aligned with the Trade Development Authority Pakistan (TDAP) Annual Business Plan (ABP) for the year 2023-24, Pakistani officials, experts, as well as importers and exporters, are poised to take part in a series of 19 promotional trade exhibitions and fairs hosted across various cities in China over this specified duration. These exhibitions promise to encompass …
ISLAMABAD, Aug. 25 (INP): Export has started from the Special Economic Zone (SEZ) called Allama Iqbal Industrial City (AIIC) in Punjab. Chinese Company Green Crockery blazed the trail by exporting crockery valuing Rs. 10 million to the UK. Talking to Gwadar Pro, Green Crockery CEO Zhang Qi said that using top-notch international technology fused with traditional Chinese techniques, a variety of crockery stuff is being manufactured in the industrial unit established in 2022 at AIIC. The production was started nine months ago, he added. Green Crockery Export Manager Shaukat Abass Maken said “on the heel of exporting crockery to the UK, two more exports are set to begin in the first month of September.” “We have received another order from another big company. After samples are approved, it might be a mega export order,” he added. Spreading over 10 acres, he said, Green Crockery has been providing job opportunities to more than 1,500 workforce. Chinese professional and technicians, he said, are working with Pakistani workers in crockery-making business. With this combination, Chinese experts have been training Pakistan’s human resource and transferring technology to the local people, he added. The proportion of female employees in the company stands at 20 per cent which has been on the rise gradually, he added. Now instead of importing from China which inflates Pakistan’s import bill, Pakistani traders and businessmen can place their orders here in Chinese companies like Green Crockery at Allama Iqbal Industrial City (AIIC). Another official of Green Crockery said that AIIC enjoys incentives such as waiver of customs duties and 10-year tax holidays for investments, which are very lucrative to both foreign and local investors. “Under the Special Economic Zones Act 2012, Punjab has established 10 SEZs to present the province and attract FDI via the provision of a facilitative, business-friendly institutional, legal and infrastructural ecosystem. The creation of SEZs promotes the ease of doing business, furthering the goals of economic development and poverty alleviation,” he said. AIIC, inaugurated in January, 2020, is strategically located just opposite the M-3 Industrial City SEZ and interconnected through flyover at Sahianwala Interchange, Motorway M-4, Faisalabad.
Islamabad, Aug 23 (INP): In a move to enhance China-Pakistan cross-border trade, an international road transport (TIR) route opened between China’s inland city of Kashgar and Islamabad as the first shipment convoy of five trucks bearing the TIR sign departed from Kashgar to Islamabad at an inaugural ceremony, according to China Economic Net (CEN). This convoy is notable for …
Islamabad, Aug. 22 (INP): Thirty containers carrying pharmaceutical raw material will be exported to China from Gwadar Port this month. The material imported from South America and Africa will be exported by the Chinese Hangeng Agriculture group after being processed at the company’s industrial park in Gwadar. Talking to Gwadar Pro, the company’s CEO Andy Liao said that previously they were …
ISLAMABAD August 22, 2023: Health professionals and advocates have united in support of the Pakistani government’s move to raise tobacco taxes, a decision implemented in early 2023. Society for the Protection of the Rights of the Child (SPARC) released a statement highlighting the positive outcomes resulting from the rise in cigarette taxes. Health advocates attribute this progress to the government’s …
GWADAR, Aug. 22 (INP): The China Overseas Port Holding Company (COPHC) Chairman, Yu Bo, has termed Gwadar port as pivotal axis of CPEC. He made these remarks during his median meeting held at the Lahore Chamber of Commerce and Industry (LCCI) while shedding light on the transformative progress of Gwadar under the China-Pakistan Economic Corridor (CPEC). He showcased avenues …
BEIJING, Aug. 21 (INP): Products from all around the world shined at the 2023 (China) Eurasia Commodity and Trade Expo held in Xinjiang, China, attracting a great number of customers. Among these commodities outstood Pakistani mangoes due to their unique flavor. Pakistani mango varieties from Multan, Punjab such as Sindhri, Chaunsa, Anwar Ratol and so on caught the eye of visitors on site. According to China Economic Net (CEN), this year 12 suppliers with 30 tons of mangoes joined the expo to carve out a niche in Xinjiang and even a larger area. Also customers can purchase these Pakistani mangoes online and have them delivered directly to their homes. At present, Pakistani mangoes are showcased at Pakistan’s Online National Pavilion on China’s leading e-commerce platform JD.com (Jingdong), and consumers can place orders online. Scheduled from August 17 to 21, the 5-day event kicked off in Urumqi, the capital city of Xinjiang Uygur Autonomous Region, China, with a focus on trade promotion. It is worth mentioning that a Pakistan Mango Festival is held from August 17 to 21 as a side exhibit of the expo. Themed “Promoting the Silk Road Spirit, Strengthening Eurasian Cooperation”, this year’s expo covers an exhibition area of 70,000 square meters and attracted over 1,300 businesses from 40 countries and regions, including 25 of the world’s top 500 companies, according to the organizers of the event.
ISLAMABAD, Aug 20 (INP): The Thar Block 1 Integrated Energy Project has completed the renovation of the Marvi Cricket Stadium in Islamkot, Thar. The inauguration took place, as announced by Sino Sindh Resources Ltd. (SSRL) on August 17. The renovation, which spanned three months, was carried out at a cost of $200,000 as part of the company’s ongoing Corporate Social …
