Business & Economy

FDI declines by eight percent

ISLAMABAD (May 05, 2009): Foreign Direct Investment (FDI) has declined by eight per cent during the first eight months of current fiscal to $3.0421 billion against $3.306 billion in the same period of last year, according to Ministry of Finance's "Review of Economic Situation".

US senators present Pakistan aid bill

KARACHI (May 05, 2009): The Kerry-Lugar bill, a legislation which would triple non-military aid to Pakistan for the next one decade, was presented in the US Senate on Monday, Aaj TV reported. The bill has been jointly tabled by Senator John Kerry, who head the power Foreign Relations Committee of the US Senate, and Senator Lugar.

Shahbaz calls for healthy and sustainable economic growth

LAHORE (May 05, 2009): 'We must make Pakistan's economic growth competitive, equitable and sustainable,' Punjab Chief Minister, Mian Shahbaz Sharif said. He was speaking at the second meeting of the National Policy Platform for Competitiveness and Economic Growth (NPPCEG) on Monday with its Chairman, Shahid Javed Burki in the chair.

Strategy evolved to enhance export volume: TDAP

SIALKOT (May 05, 2009): Chief Executive Trade Development Authority of Pakistan (TDAP) Syed Mohib Ullah Shah said that a new export strategy has been chalked out for enhancing export volume. The TDAP has focused on exploring Asian and other neighbouring markets, which had not been paid proper heed in the past, he said.

Too many projects, too little funding: mismatch delays completion of uplift schemes LAHORE (May 05, 2009): A mismatch between planned project funding, the budgetary allocations and the actual release of funds are one of the factors, contributing to delays in projects completion. The development experts believe that the planning, programming, budgeting and managing processes of the government are flawed.

ICCI and Enterprises World sign agreement ISLAMABAD (May 05, 2009): Islamabad Chamber of Commerce and Industry (ICCI) and Enterprises World have signed an agreement enabling the members to acquire the skill and opportunities to obtain industry competencies, receive adequate recognition, maximise their opportunities in the international market for the benefit of the country.

Proposals for 2009-2010 budget submitted: SCCI KARACHI (May 05, 2009): The following are Sukkur Chamber of Commerce & Industry's proposals/suggestions for 2009-2010 budget:

Shafi Villas project: KBCA issues legal notice KARACHI (May 05, 2009): The Karachi Building Control Authority (KBCA) has described the ongoing advertisement and sale of one unit bungalows in the private public sale project "Shafi Villas" on Plot No ST 10-13, Sector 7-8, KDA Scheme-42, Surjani Town as illegal.

Shipping Intelligence KARACHI (May 05, 2009): Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 04, 2009).

Activity at Karachi and Qasim ports

KARACHI (May 05, 2009): The Karachi Port handled 250,757 tonnes of cargo including 171,335 tonnes of import and 79,422 tonnes of export, 3,747 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Monday.