Lahore, June 13, 2013 (PPI-OT): Pakistan Hardware Merchants Association has called for the merger of Ministry of Shipping and Ports with some other Ministry as it had been a great source of corruption in the past decade only because of its independent status. In a statement issued here, the former …

Islamabad, June 13, 2013 (PPI-OT): The Budget 2013-14 announced by the newly elected government is the best possible budget in the prevailing circumstances as it envisages many positive measures for business and industry. This was said by Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry while commenting on Budget …

Karachi, June 13, 2013 (PPI-OT): Al-Rahim Textile Industries has become the first-ever textile exporter and manufacturer in Pakistan that has fully implemented world’s top-of-the-line enterprise software systems across the organization. This achievement has enabled the Company to utilize industry’s premiere solution for completely applied enterprise applications that integrate entire operational …

Karachi, June 13, 2013 (PPI-OT): Gold edged lower on Thursday, snapping earlier gains, as Asian stock markets fell sharply and the U.S dollar dropped to a 10-week low on persistent uncertainty over the Federal Reserve’s massive stimulus programme. Investors are waiting the ahead Fed policy meeting i.e., on June 18 …

Karachi, June 13, 2013 (PPI-OT): State Bank of Pakistan released its Third Quarterly Report for FY13 on the State of Economy, today. The Report says that key challenges to macroeconomic management emanated from fiscal as well as external sectors. After a surplus during the first half of FY13, the current …

Karachi, June 13, 2013 (PPI-OT): The Zonal Chairman PRGMEA, Mr. Shaikh Mohammad Shafiq has termed the Federal budget as a balanced one. He said that the proposal to reduce corporate income tax rate by 1% is appreciable. He also appreciated Minister’s announcement that the corporate income tax will be reduced …

Karachi, June 13, 2013 (PPI-OT): Pakistan has finally begun exporting to mangoes to South Korea for the first time. With the mango export advancing at a brisk pace, this comes as a welcome development. This development has come due to the efforts of Durrani Associates, PHDEC, TDAP and Pakistan Embassy …