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Business

Foundation stone of aviation city at Aeronautical Complex in Kamra laid

KAMRA –uns-  Foundation stone of aviation city at Aeronautical Complex in Kamra has been laid by for Planning and Development Ahsan Iqbal and Air Chief Sohail Aman today (Thursday). Speaking on the occasion, Air Chief Sohail Aman described the establishment of the aviation city as an important step towards achieving …

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Pak,China agrees to establish Oil,Gas Sub-Group

ISLAMABAD –UNS- Pakistan,China agreed to established an Oil and Gas Sub-Group under the Energy Working Group in order to facilitate the identified and future oil and gas sector projects both sides. NurBekri, Administrator, National Energy Administration (NEA) alongwith his delegation visited the Ministry of Petroleum & Natural Resources today and …

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Industrialization under CPEC not at cost of local industries:Ahsan

ISLAMABAD -UNS : Federal Minister for Planning, Developing & Reform, Prof. Ahsan Iqbal has stated that industrial development under CPEC will not harm local industries and interests of local business community would be safeguarded. He was chairing a meeting alongside Chairman Board of Investment, Dr. Miftah Ismail to review the …

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Three new companies get approval to set up car assembly plants in Pakistan

In a major setback to Japanese-dominated automobile industry in Pakistan, Ministry of Industry and Production on Wednesday has granted approval to three new non-European conglomerates to set up car assembly plants in Pakistan. The companies include United Motors Private Limited, Kia-Lucky Motors Pakistan Limited and Nishat Group while their applications …

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Pakistan unveils new visa policy for Chinese nationals

ISLAMABAD -UNS: The Ministry of Interior on Wednesday took a policy decision to review the conditions and requirements for issuance of business and work visas to Chinese nationals. The decision, taken during a high level meeting held under the chairmanship of Interior Minister Chaudhry Nisar Ali Khan, would ensure transparency …

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Pakistan’s trade deficit swells to record $29.99 billion

KARACHI -UNS- Pakistan’s trade deficit swelled to historic $29.99 billion during eleven months (July-May) of the ongoing financial year due to massive increase in imports and decline in exports. The trade deficit, gap between exports and imports, soared by 42.12 percent and reached $29.99 billion during July-May period of FY2016-17 …

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