ISLAMABAD (January 24, 2010): The SPI inflation surged by 18.13 percent on week ended on January 21 over the same period of last year on the back of substantial increase in prices of kitchen items. The official figures released by Federal Bureau of Statistics on weekly SPI inflation here on Saturday showed that inflation during the week went up by 0.10 percent over previous week.
Smeda to hold training programme on IPR
FAISALABAD (January 24, 2010): Small & Medium Enterprises Development Authority (Smeda) in collaboration with FCCI has decided to arrange a one-day training programme on "Intellectual Property Rights (IPRs) Compliance in Pakistan", at FCCI. Regional Business Co-ordinator Smeda Zulqarnain Shahzad Sikandar stated that this programme has been designed for the business community, associations, professionals, especially from Small and Medium Enterprises (SMEs) and students.
| LSM posts 0.66 percent growth in July-November KARACHI (January 24, 2010): Large-scale manufacturing (LSM) sector posted a growth of 0.66 percent during first five months of the current fiscal year as compared to 0.28 percent of last year. Official statistics (provisional) of Quantum Index Numbers of Large Scale Manufacturing Industries (QIM), issued by Federal Bureau of Statistics showed that the LSM sector, which was presenting poor performance for past two years, was once again growing smoothly. |
ICCI for developing low-cost energy resources ISLAMABAD (January 24, 2010): The Islamabad Chamber of Commerce and Industry stressed the need for developing low-cost energy through cheap energy sources including hydro, biomass, coal, solar, wind and nuclear. In a meeting with members of the chamber here, President ICCI, Zahid Maqbool, said that China was producing more than 50 percent of its electricity through coal adding that India also produces 40 percent of electricity from coal. |
Businessmen urged to concentrate on Nepali market: ambassador SIALKOT (January 24, 2010): The Nepali Ambassador to Pakistan Bala Bahadur Kunwar has said that Nepal and Pakistan were enjoying highly cordial relations since long but there is still a great need of developing strong commercial ties between the two friendly countries. |
Arif Usmani elected President of American Business Council KARACHI (January 24, 2010): Arif Usmani, Managing Director and Citi Country Officer, Citibank, NA, has been unanimously elected President of the American Business Council of Pakistan for the year 2010. Humayun Bashir, IBM Country General Manager, has been unanimously elected Vice President. |
'Economy to be back on track by July' LAHORE (January 24, 2010): Leading Industrialist and former President of Pakistan Chambers of Commerce and Industry (FPCCI) S.M. Muneer has said that national economy will be back on track by July this year. Talking to Business Recorder he said that the textile sector was the worst hit of unprecedented energy crisis therefore, it suffered loss of billions of rupees. |
Seminar on 'Economic Management' held LAHORE (January 24, 2010): A market based economic model is the most effective tool to put economy back on track and mechanism to this regard needs to be evolved in collaboration with private sector for the progress and prosperity in the country. |
TACCI demands assessment of losses in Fata PESHAWAR (January 24, 2010): President, Tribal Area Chamber of Commerce and Industry (TACCI), Mohammad Akbar Khan, has called for constitution of an official level committee for carrying assessment of the losses due to militancy and enforcement of the sales tax and central excise duty on the import of raw material for revival of the industrial units in Fata. |
Further 10 percent cut in port charges under review
KARACHI (January 24, 2010): Port authorities here are considering to reduce port charges by at least 10 percent. This was stated by Karachi Port Trust (KPT) Chairperson Nasreen Haque in a welcoming ceremony marking maiden call of mv 'OOCL Charleston' at Karachi Port.
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