Category: Business

ISLAMABAD: The Pakistan Horticulture Development and Export Company (PHDEC) is working on a comprehensive plan to enhance exports of fruits and vegetables to $1 billion mark within the next three years. The five products identified by PHDEC include kinno, mangoes, dates, onion and potatoes. “We have almost finalised the marketing strategy for promoting exports of […]

BEIJING: China on Thursday vowed to counter the latest US tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal, as US President Donald Trump said any pact would have to be on America’s terms. The Chinese finance ministry said in a statement […]

KARACHI: The economy is facing with a number of problems and uncertainty but the situation is changing, said State Bank of Pakistan (SBP) Governor Reza Baqir on Wednesday while addressing the flag hoisting ceremony held at the State Bank Building to celebrate the country’s 73rd Independence Day. Baqir admitted that the economy is weak, unemployment […]

ISLAMABAD: After a delay of more than 18 years, the government has finally decided to table Geographical Indication (GI) Bill in the National Assembly to protect ownership rights of goods produced in the country. Due to the absence of GI legislation, international brands continue selling Pakistan-origin goods such as Paul Smith’s Peshawari Chappal, Morrocan Ajrak […]

LONDON: Stock markets on both sides of the Atlantic saw hefty losses Wednesday, gripped by fears for the global economy only a day after enthusiasm over possible detente in an ongoing US-China trade war had given them a dizzying lift. A German GDP contraction in the second quarter, weak Chinese industrial output and an inversion […]

KARACHI: Ignoring court directives and its own law that calls for subjecting a project likely to cause adverse effect to a process of environmental impact assessment (EIA) followed by a public review, the Sindh Environmental Protection Agency (Sepa) recently granted approval to a coal storage facility, sources told Dawn. The environmental watchdog, sources said, approved the […]

ISLAMABAD: Citrus growers have rejected the purchase rate of Rs600 per 40 kg for kinno in the upcoming season terming it a conspiracy by traders to fleece orchid owners. The reaction came after the recent decision by All Fruits and Vegetables Exporters, Importers and Merchants Association (PFVA) and processing plants owners for the produce harvested […]

LONDON: Britain’s former top finance official accused Prime Minister Boris Johnson’s Conserv­ative government on Wednesday of steering the country toward a damaging no-deal Brexit that isn’t backed by Parliament or British voters. Johnson, in turn, alleged that anti-Brexit UK politicians were collaborating with the European Union to block Britain’s exit from the bloc. Philip Hammond, […]

ISLAMABAD: With the authorities still busy in evaluation and land acquisition, work on any of the nine special economic zones (SEZs) to be set up in the country under China-Pakistan Economic Corridor (CPEC) has not yet begun, Dawn has learnt. Most of these economic zone projects — which will be established in the federal capital, all the […]

ISLAMABAD: The government has disbanded the Financial Advisers’ Organisation (FAO), giving the heads of federal ministries and divisions full autonomy to independently utilize development and non-development funds of all departments and projects under their control. The decision has been made under a new law “Public Finance Management Act, 2019” passed by the parliament on the […]