Tag: Industry

MUMBAI - A packed cricket schedule that peaked with an Indian win in the World Cup final has hit the country's other grand passion -- film -- emptying cinemas and forcing studios to postpone big movie releases.
Analysts said business at multiplex cinemas had been weak so far in 2011, with the six-week World Cup that finished earlier this month keeping people glued to their television screens in the evenings.
The Indian Premier League (IPL) cricket tournament which began

ISLAMABAD - Mobile penetration in Pakistan has continued to grow at a very rapid pace and the mobile sector has recorded total revenues of Rs 236.74 billion at the end of FY 2009-10, showing a growth of 11 percent over the previous year.
According to the Information Economy Report, published by the United Nations Conference on Trade and Development (UNCTAD), Pakistan is among five dynamic and developing economies in Asia in terms of increased penetration and usage of mobile

NEW DELHI - The attrition rate in India's business process outsourcing sector jumped to 55 percent from a year earlier, dealing a potentially fatal blow to the flagship industry, a study said on Thursday.
The study released by the Associated Chambers of Commerce and Industry of India (Assocham) blamed the high turnover rate on bad working hours and a perceived lack of long-term career growth. Between December 2010 and April 2011, the attrition rate in the BPO industry increased

LAHORE - The All Pakistan Textile Mills Association (APTMA) Chairman Gohar Ejaz has lauded efforts of President Asif Ali Zardari for his industry-friendly approach and accelerated implementation of APTMA's proposals.
He said that the credit goes to President Zardari for extending full ownership to textile industry, declaring 2011 as the Year of Textile and for stimulating the bureaucracy to follow APTMA's guidelines in its true letter and spirit, said the young and dynamic APTMA

LAHORE - The government has announced a three-day-a-week gas load shedding for the industrial sector in Punjab, a private TV channel reported on Saturday. A notification has been issued in this regard. Despite of orders issued by the president and the prime minister, gas load shedding for the industrial units of Punjab has continued unabated. According to the notification, industries across Punjab were facing gas load shedding due to a gas shortfall.
Punjab has been divided in

LAHORE - President Asif Ali Zardari has taken serious notice of gas supply suspension to the textile industry and has constituted a committee to oversee gas load management of SNGPL. The president has mandated that any further gas load-shedding would require approval from the committee. Referring to the meeting's decision dated March 28, 2011, the President Secretariat has constituted a committee comprising of Minister for Religious Affairs Syed Khurshid Shah, Raja Pervez Ashraf,

LAHORE - Through the proposed 'New Entrant Policy', the government has planned to end the stranglehold that existing players enjoy in the automobile and auto-vending industry. Earlier, the government relaxed conditions on the imports of second hand cars, now it has proposed tax discounts for new entrants, which would ultimately eliminate the local manufacturing.
Official documents made available to Pakistan Today suggests that the proposed policy under the Auto Industry

KARACHI - After growing increasingly frustrated with extortion by criminal gangs and the persistent energy crisis, businessmen are shifting industries from Sindh to Bangladesh in a bid to secure and preserve their investments; it has been learnt from reliable souces. Criminals have forced the departure of many industrialists to shift their running business to Punjab as well, leaving Sindh's industrial areas empty and deserted, well placed sources in Sindh's industries and commerce

FAISALABAD - Uninterrupted gas and electricity supply to Faisalabad region is essential for the running of local industrial, commercial and agriculture sector which are a primary source of livelihood for millions of workers in the city, said Pakistan Peoples Party's (PPP) senior leader and leader of the opposition in the Punjab Assembly, Raja Riaz. He was speaking at a meeting of Faisalabad Electric Supply Company Limited (FESCO)'s Load Management Committee held at a local hotel. "I

KARACHI - Confusion and anomalies in the hurriedly issued SRO 231 (I) /2011 dated March 15, 2011 has brought the supply chain of goods manufactured by the five major export based industry of the country grinding to a complete halt.
Speaking to Pakistan Today on Monday, Sindh Industrial Trading Estate (SITE) Association of Industry Chairman Abdul Wahab Lakhani has claimed that the ambiguity inherent in the recently issued SRO which he claims was hurriedly prepared to handle the

KARACHI - The government's decision to levy GST on key agricultural inputs is believed to push up FY12E farm costs by five to six percent. This should be partly covered by higher farm revenue, as output prices have risen substantially during FY11. It is also likely farmer liquidity will be squeezed in the interim, which poses risk to near-term demand, in particular for DAP. In the case of urea, note the price differential will remain in favor of domestic producers, with domestic urea

LAHORE - The All Pakistan Cement Manufacturers Association (APCMA) has appealed to the government to address hindrances and problems dampening the cement industry. Mounting losses have propelled closure of four out of 22 cement industry units, while others are on the verge of collapse.
APCMA spokesman said that the cement manufacturers are yet to pass on the large impact of rapidly increasing input costs in coal, electricity, diesel, paper sacks and transportation cost. Current

LAHORE - Plastic, print and packaging industries are among the leading sectors in the economy of Pakistan, possessing a high growth potential. The government should promote these sectors as they can generate jobs and business opportunities. These views were expressed by participants of the seventh international plastic, printing and packaging industry exhibition held at the Expo Centre. The three day exhibition, which started on March 12 and concluded on Monday, brought over 200

MOSCOW - Georgian moviemakers are banking on European partners, international stars such as Mexico's Gael Garcia Bernal and their rich landscape to rebuild a film industry that was devastated by the Soviet collapse. 'The Loneliest Planet,' an independently financed thriller focusing on a young couple's trek through the wilderness, stars Bernal and Israeli actress Hani Furstenberg and was entirely shot in Georgia last summer. Directed by Russian-American director Julia Loktev, the

LAHORE - Despite the massive influx of inexpensive Chinese furniture in the markets, Pakistani handmade furniture is still admired among masses for its customary designs, durability and quality. This was stated by Kalamkaar Chief Executive Qais ur Rehman, while he was speaking to Pakistan Today, in an exclusive interview. Rehman asserted that the entry of Chinese furniture in Pakistani markets has formed an atmosphere of competition, which is healthy for the overall growth of

FAISALABAD - Punjab government is going to set-up a milk and meat safety agency to explore new horizons of business opportunities in dairy and livestock industry. Livestock and Dairy Development Provincial Secretary Jahanzeb Khan said this while addressing the participants of the concluding session of a three-day international conference titled "Technological and scientific aspects of dairy products with special reference to French Cheeses."
He was the chief guest at the seminar

LAHORE - While taking serious notice of gas supply suspension to the textile industry in Punjab, President Asif Ali Zardari has directed the Sui Northern Gas Pipelines Limited (SNGPL) managing director to ensure five days a week uninterrupted gas supply to the textile industry in the province of Punjab.
According to the APTMA spokesman, the president has further directed the concerned authorities to divert gas supply to the export-oriented textile industry from the power plants