Kashmir Update & Business World
Chinese firms keen to invest in various sectors in Pakistan
Secretary General of Worldwide Business Culture Exchange Centre Secretary General Yin Lin Bing says Chinese investors considered Pakistan a potential country for business and had come here to explore opportunities for investment. Yin Lin Bing says China, Pakistan have good potential to cooperate in pharmaceuticals, transport, industrial parks and many other areas.
Efforts being made to provide modern banking facilities to people of Balochistan: Wathra
Banks branches are being opened in Gwadar and Khuzdar to boost trade and economic activities. Governor State Bank Ashraf Mahmood Wathra says all possible efforts are being made to provide modern banking facilities to the people of Balochistan. Talking to media in Quetta on Monday, he says all the domestic and foreign banks including Chinese banks are making their contribution in promotion of financial and trade activities regarding China Pakistan Economic Corridor project.
Export enhancement package aims at enhancing country’s export
Under the package duty draw back rates in local taxes and duties for garments would be 7 percent, textile made-ups 6pc, processed fabric 5pc, yarn and grey fabric 4pc leather and footwear 7pc, carpets 6pc, surgical and cutlery 5pc and tanned leather 5pc, said a top official of Ministry of Commerce here. Pak- Turkey and Thailand would finalize and sign an Free Trade Agreement (FTA) after achieving consensus between private sector of the countries, in order to protect the particular sectors of local industries from both sides.
Pak-Afghan border closure hinders kinnow exports
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Horticulture Exports Chairman Ahmad Jawad has said that Pak-Afghan border closure has adversely affected kinnow exports to Afghanistan and Central Asia.
Rupee showed a steady trend against the dollar
Owing to sufficient liquidity in the market and sluggish demand, the rupee showed a steady trend against the dollar amid minor changes in the open market as well as in inter-bank dealings. Commencing the week on stable note, the parity traded flat at Rs104.84 and Rs104.85 for the first two trading sessions due to slowdown in dollar demand and dull trading activity. At the close of the week, the rupee/dollar parity did not show any change and traded flat at Rs104.85 and Rs104.86 for the third day in a row.
Co-hosts: Safdar & Yasir