Speaking at the launch of Electronic Warehouse Receipt Financing for maize crop at Habibabad, Kasur on Tuesday, the governor emphasised that farmers would now be able to offer adequate collateral to banks for getting loans. Terming the financing facility a win-win situation for different stakeholders including farmers, banks and collateral management companies, he added that it offered a smooth and...
Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Tuesday said that the Preferential Trade Agreement (PTA) to increase bilateral trade between Pakistan and Uzbekistan is expected to be finalised on March 4. The signing of the agreement will take place during Uzbekistan President Shavkat Mirziyoyev visit to Pakistan on March 3 to facilitate bilateral and transit trade...
Online earning is basically a method of earning money with the sources of the internet. It includes owning a website, starting an online business, or opting for other options of online earning that are available on the internet. It is really convenient to earn online as it doesn’t require any investment or proper scheduling of time. Online earning is considered...
The Ministry of Commerce has proposed ‘Livestock Vision 2025’ aimed at transforming Pakistan’s livestock sector through private sector-led growth as a vibrant industry, well positioned to fully cater to local demands, claim a greater share in livestock exports, match international quality standards and achieve double-digit growth in the sector by 2025. In its policy recommendations paper for ‘Pakistan’s Livestock Policy...
A leak from a Swiss bank has unmasked the hidden fortune of its wealthy clients in 128 countries and they range from the business individuals to politically exposed persons and those investigated, at times convicted, in connection with different criminal activities. Included in the leak are details linked to more than 18,000 accounts and 30,000 account holders which held in...
COLOMBO: Sri Lanka’s state-run petroleum company has run out of cash to buy oil, and fuel shortages across the country could get worse, the energy minister said Friday. Udaya Gammanpila said the loss-making Ceylon Petroleum Corporation (CPC) continued to haemorrhage cash and could no longer afford to procure supplies from abroad. “Earlier, we were short of dollars to import oil. Now...
Pakistan LNG Ltd has issued a tender for two cargoes to be delivered next month, the international news agency said. Two suppliers, Eni SpA and Gunvor Group Ltd, recently informed Islamabad about their inability to deliver cargoes scheduled for March, Pakistan LNG Ltd told Bloomberg. A global energy crunch has resulted in LNG spot prices surging to levels that are too high...
In addition, the law will help the government to reduce circular debt in the gas sector while the share of liquefied natural gas (LNG) in gas supply will increase. At present, the share of LNG in gas supply stood at 24% in Pakistan despite the fact that different countries use only 5-6% as an ad hoc arrangement. Pakistan State Oil (PSO)...
The Prime Minister (PM) Office has asked for a Rs200 billion budget to immediately provide relief to the inflation-hit people amid tight fiscal controls imposed by the International Monetary Fund (IMF) that did not leave any cushion for additional spending. PM Imran Khan wants to bail out the lower- and middle-income groups from the adverse impacts of inflation and his...
Iranian Ambassador to Pakistan Mohammad Ali Hosseini has said Pakistan is willing to establish a shipping line to Iranian ports, the portal of Iran’s Ports and Maritime Organization (PMO) reported. “Pakistan is interested in launching a shipping line between the two countries’ ports, but there are obstacles and problems that need to be resolved in this regard; the Iranian side...
