The trade policy 2005-06 has been rightly framed to meet the emerging challenges of globalization. However, it envisages a very liberal posture of imports which may not be conducive for the sustained socio-economic growth as studies by the United Nations
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Karachi: The growth, expansion and diversity in global trade during last five decades would have been unimaginable without the matching revolution in transportation in the second half of the 20th century as symbolized by containerization and bulk s
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Pakistan: In the current era, level of export growth is considered to be the touch-stone of sustainable economic growth. It is due to this reason that the export-led growth constitutes the corner-stone of the development strategy of every developin
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Karachi: There is a gap of 40,000 units between demand and supply of cars in Pakistan currently and the industry is trying hard to bridge the gap by doubling production in order to reduce the waiting period of cars ranging between two to six months
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Pakistan: The Central Board of Revenue (CBR) is making yet another attempt to restructure and reform the Pakistan Customs Tariff (PCT). CBR proposals pertain to (i) reduction of maximum and minimum tariff rates from 25 to 20 and 5 to 0 per cent res
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Pakistan: Government has withstood the pressure from Pakistan Sugar Mills Association (PSMA) and allowed import of sugar. PSMA members have been acting thus far in concert with the government against the consumers.
Desperate to stop import of s
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Pakistan: Though long delayed Pakistan-Sri Lanka Free Trade Agreement (FTA) is a positive step. The two countries have the potential to enhance their volume of trade but it has not received so far the priority it deserves. And their two-way trade h
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RPTL signs power pact with western region power utilities
Reliance Power Transmission (RPTL), subsidiary of Reliance Infrastructure, India’s largest private sector enterprise in power utility, has signed power transmission agreement with eight entities from western India for two inter-state power transmission projects.
RPTL signed the agreement through its two Special Purpose Vehicles (SPVs) for the projects under the Western Region System Strengthening Scheme-II (WRSSS-II), entailing an investment of INR18 billion, for establishing 400 KV double circuit transmission lines of around 1,500 kms, mainly in Maharashtra Continue
