Tag: Industry

LAHORE - To overcome the growing natural gas shortages, Punjab Board of Investment and Trade (PBIT) has been coordinating efforts of importing Liquefied Natural Gas (LNG) for large industrial consumers. A meeting was held under the chairmanship of PBIT Chief Executive Officer Saadat Muzafar here on Wednesday, which was attended by industrialist and business leaders.
International delegates of LNG companies were also present in the meeting. In the meeting, an overview of the

LAHORE - Without considering the inherent health and environmental risks posed by synthetic packaging materials, the government has planned to utilise woven polypropylene bags for wheat storage. Polypropylene usage in packing would not only contaminate strategic wheat reserves but would also be in direct contravention of Jute Packaging Material (Compulsory Use in Packaging Commodities) Rules, 1987.
Mazhar emphasised that these substandard synthetic packaging materials entailed

ISLAMABAD - Speakers including legislators have assured pharmaceutical manufacturers that a solution to resolve industry issues after the 18th Amendment would be worked out. "If there is a will there is a way," said Federal Minister for Overseas Pakistanis Dr Farooq Sattar, while speaking at a seminar on devolution of health sector organised by Pakistan Pharmaceutical Manufacturers Association (PPMA) here on Friday.
He said that politics is an art of finding out possibilities.

LAHORE - Industry in Khyber Pakhtunkhwa (KP) is facing enormous problems to the apparently apathetic attitude of the Federal Bureau of Revenue (FBR), with billions of rupees in sales tax refunds not granted are giving headaches to industrialists.
Industrialists told Pakistan Today that Prime Minister Yousaf Raza Gilani during his visit to Peshawar, besides indicating other incentives, exempted 50 percent of sales tax on supplies to compensate for losses suffered by commerce and

KARACHI - Pakistan's ship bunker industry is on the verge of closure because of a crippling shortage of bunker fuel at the local ports, Pakistan Today has learnt. Industry sources claim the dearth is attributed to the government's untimely import of furnace oil.
The acute scarcity of bunker fuel has taken a massive toll on business conducted by bunker industry which has shrunk by 80 percent to only 5,000 metric tonnes (MT) from previous figures of 25,000 MT; a huge slump of

LAHORE - Minister for Textile Industry Rana Muhammad Farooq Saeed Khan has assured five-day gas supply to the textile industry in Punjab.
He was talking to media at the office of All Pakistan Textile Mills association (APTMA) following a meeting with APTMA office-bearers. The minister said that the textile sector of Pakistan is competent and has the potential to touch the export target of $25 billion. He stated that the cotton production could have been reasonably good but recent

Pakistan Software House Association (P@SHA) President Jahan Ara has said that there is a dire need of human resource development for the growth of software and Information and Communication Technology (ICT) industry. Speaking at the Samsung Galaxy Tab launch meet-up at a local restaurant here on Friday, she said that there were ample opportunities for Pakistani IT professionals in the country and around the globe. She pointed out that a number of software companies in Pakistan were

KARACHI - President and the CEO of the Turkish Airlines Dr Temel Kotil has said that the calendar year 2011 would be an impressive year for the airlines industry.
The air industry was faced with crisis in 2008, which improved in 2009. He noted that 2010 was a mediocre year for the industry; however he firmly believed that 2011 would be a prosperous year marked by expected growth in the number of air travelers across the globe.
The CEO expressed these views while talking to

ISLAMABAD: Prime Minister Yousaf Raza Gilani on Monday directed the Petroleum Ministry to ensure that the industrial sector in Punjab received uninterrupted supply of gas five days a week, adding that an equitable distribution of gas across the country and a strict implementation on Economic Coordination Committee's decisions must be ensured.
Chairing a special high-level meeting at the PM House to review the gas supply situation, particularly, to the industrial sector in Punjab,

KARACHI: Exporters of various sectors have approached the Ministry of Commerce (MoC) and demanded a resolution of unabated power outages, which have hampered industrial production.
Through separate letters, sent to MoC recently, Pakistan Hosiery Manufacturing and Export Association (PHMEA), Korangi Association of Trade and Industry (KATI) and Karachi Electronics Dealers Association (KEDA), has notified the ministry of the dampened industrial activity and have asked for immediate

LAHORE: A seminar, jointly organised by Lahore Chamber of Commerce and Industry (LCCI) and Pakistan Institute of Cost and Contracts (PICC), on the growth of construction industry and contribution of ancillary manufacturing industries was convened.
The seminar was attended by a large number of representatives of various institutions and government departments. The chief guest, University of Lahore Rector Dr Saleem Shuja, thanked participants and expressed his satisfaction of the

ISLAMABAD: Government has sustained a loss of revenue amounting to Rs 45 billion during the last six years due to tax evasion, smuggling and counterfeiting in the cigarette industry. Resultantly, the failure of the authorities to take concrete steps to curtail these violations has come under the spotlight.
According to a press release issued on Wednesday, industrial data reveals that government had to face a revenue loss of Rs 7.5 billion in the current year, Rs 6.5 billion in

LAHORE: Various leather industry associations presented a united front in opposition to the imposition of reformed General Sales Tax (GST), which they claim may very well push the export-oriented sector to the brink of closure.
At a press conference, jointly chaired by LCCI President Shahzad Ali Malik, Chairman Pakistan Tanners' Association Khurshid Alam, Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) Vice Chairman Mudassar Masood Ch., Pakistan

LAHORE
The automobile spare parts industry is suffering an annual loss of at least Rs 3.5 billion due to smuggling, hand baggage, as well as false declarations and invoicing during legal imports at sea and dry ports, representatives of the industry told Pakistan Today on Tuesday.
The automobile industry has displayed marvellous progress in the last ten years but the auto parts industry is facing huge and mounting losses in the face of the aforementioned problems. They have

LAHORE
The gas cuts announced by Sui Northern Gas Pipeline Limited (SNGPL) because of technical problems at the Qadirpur and Zamzama gas fields will have adverse effects on the CNG sectors and the industries, a report by Pakistan Today revealed.
Both these fields were providing 600 million cubic feet (mmcf) of gas but the supply will be reduced to just 275 mmcf for three days per week beginning from Monday. Gas supply to industries and CNG stations in Lahore, Peshawar,