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  • Italian businesses are waking up to Pakistan’s potential: envoy

    Recent data from the Pakistan Bureau of Statistics (PBS) shows a trend that may well be the forerunner of a reversal in Pakistan’s export fortunes...

    Added megawatts of electricity to run the newly imported textile machinery is the herald of future export proceeds, according to Stefano Pontecorvo, Italy’s ambassador to Pakistan...

  • Chinese businesses prefer to invest in Pakistan: envoy

    RAWALPINDI: The government of China and its people have always expressed their love for Pakistan and its people and Chinese businesses prefer to invest in Pakistan to boost bilateral trade, said Chinese Ambassador Sun Weidong at the inauguration of an event in connection with ‘China Week’ on Wednesday...

    The envoy was accompanied by Chairman of the Parliamentary Committee on China Pakistan Economic Corridor (CPEC) Senator Mushahid...

  • Turkish businesses see opportunity as Iran opens up

    ISTANBUL: The lifting of sanctions against Iran may be a mixed blessing for Turkey, opening up access to a fast-growing, lucrative market, but one that could someday rival Ankara as both an investment destination and exporter...

    NATO-member Turkey remains the region’s economic powerhouse, with output of nearly $800 billion in 2014, well above Iran’s $425bn, and an advanced manufacturing industry that exports televisions, cars and washing...
  • NGO helps poor families to start small businesses

    MANSEHRA: A non-governmental organisation has given away a grant of Rs4 million to 80 poor families in Gari union council here to help them start small businesses to earn a respectable living...

    “We have already given Rs10 million in the same union council and those who availed the grants have been running small businesses successfully, living a better life and educating their children,” he added...

  • Businesses want tension with US to ease

    Can the trajectory of the United States and Pakistan’s economic relationship be immune to renewed diplomatic bitterness?The government and leaders of the business community do not expect instant economic fallout owing to souring diplomatic relations...

    But American companies in Pakistan differ...

  • Local businesses lose big under CPEC

    On top of that, China also agreed to pour in billions in Pakistan’s power infrastructure under the multibillion-dollar China Pakistan Economic Corridor (CPEC) initiative...

    The Chinese firms working on power projects prefer to import equipment from China rather than source from Pakistan...

  • Businesses divided on army’s role in Karachi

    KARACHI: Rising political temperature and the worsening law and order situation in the city are deeply worrying to the businesses, and some of them are looking to the army to step forward and clear up the mess...

    “It is very unfortunate that the uncertainty is haunting businesses at a time when they are looking with interest at opportunities in the wake of expected Chinese investment in the country,” said Iftikhar A...

  • Businesses — unpaid tax collectors

    Over 49pc of the tax revenue is collected by private businesses that provide cost-free services, much to the relief and satisfaction of the Federal Board of Revenue...

    Businesses collect income tax as withholding agents and sales tax on commodities...

  • 5 businesses operating from houses sealed

    It sealed five houses on Monday where businesses were being run in violation of its bylaws that forbid ‘non-conforming use’ of residential buildings in the city...

    “It meant high rent for the owner of the house and high-end clientele for the businesses...

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