Category: Business

KARACHI: A huge consignment of active/inactive pharmaceutical ingredients, imported by local companies from India are stuck up at port awaiting no objection certificates (NOC) from the Drug Regulatory Autho­rity of Pakistan (Drap). Pakistan Pharmaceutical Manufac­turers Association (PPMA), in a letter to Minister for National Health Services, Regulation and Coordination Division Dr Faisal Sultan on August […]

ISLAMABAD: In order to promote the free flow of trade, the government has introduced amendments in customs rules for overseeing international transshipment of goods and containers to an intermediate destination before being taken to a final one. The amendments were made as part of the trade facilitation agreement for the transshipment of imported cargo from […]

ISLAMABAD: The government and the Inter­na­tional Maize and Wheat Improvement Center (CIMMYT) on Wednesday discussed a strategy to increase wheat productivity through promoting high-yield wheat seed varieties to replace old and disease-susceptible ones. CIMMYT Country Representative in Pakistan Dr Muhammad Imtiaz briefed National Food Security Minister Fakhr Imam on the potential strategy to increase use […]

SINGAPORE: Six companies have technically qualified for an import tender by Pakistan LNG to buy two cargoes of liquefied natural gas (LNG) for delivery in Sept­e­mber, according to a notice on the company’s website. The six companies qualified among 11 offers that were placed into the tender, according to the notice. They are SOCAR Trading […]

ISLAMABAD: The government plans to set up another entity named ‘Mainline-1 Authority’ for smooth implementation of $6.8bn China-funded Karachi to Peshawar rail track besides offering voluntary separation scheme (VSS) to the employees of Pakistan International Airlines (PIA). This is part of institutional reforms for restructuring and strengthening of key institutions of economic governance of Dr […]

KARACHI: The first month of this fiscal year started with a positive note for cement makers, depicting a jump of 38 per cent in overall cement despatches (local and exports) to 4.383 million tonnes from 3.512m tonnes in the same period last year. As per data of the All Pakistan Cement Manufacturers Association (APCMA), local […]

KARACHI: The stock market took a breather on Tuesday after a six-day gaining streak. It started out on a bullish note and the KSE-100 index surged to intraday high by 459 points, hitting the six-month uppish mark of 40,330. The benchmark doddering at such dizzy height swayed both ways, fuelling high degree of volatility, but […]

ISLAMABAD: The National Accountability Bureau (NAB) on Tuesday formed a combined investigation team (CIT) to investigate the recent sugar scam in the country, specifically sugar subsidy given to mill owners on export. A source told Dawn that the NAB headquarters referred the case of sugar subsidy to the bureau’s Rawalpindi office after the former received a letter […]

EIDUL Azha — a natural stimulus to livestock trade in the country — generates billions of dollars in trade and allied activities every year. However, it underwent a few changes this year because of the pandemic. Trade has generally been slow, especially that of smaller animals. But, at the same time, online activity emerged as […]