KARACHI: Dhabeji Special Economic Zone (SEZ), a project of the China-Pakistan Economic Corridor (CPEC), has managed to attract interest from Japanese and Korean firms for the development of industrial zones in Pakistan. According to Sindh Special Economic Zones Management Company (SEZMC) Chief Executive Officer Abdul Azeem Uqaili, no less than[...]

LAHORE: Taiwan Textile Federation President Justin Huang has conveyed his interest in relocating Taiwanese textile companies from Vietnam to Pakistan due to the favourable labour market in the country. Justin cited the overcrowding of Vietnam’s manufacturing industry as the reason of his lookout for other venues. “At present, Vietnam is[...]

KARACHI: Rifts between the government and textile industry continue to widen as the latter issued another warning about the turmoil within the sector due to no-show of refunds worth approximately Rs80 million. All Pakistan Textile Mills Association (APTMA) Chairman Amanullah Kassim held a press conference regarding the matter, where he[...]

ISLAMABAD: Pakistan and Japan have the potential to double the figures of current bilateral trade and consequently improve their economic ties, said Japan’s Ambassador to Pakistan Kuninori Matsuda. The envoy said that the two countries are looking for increasing bilateral cooperation in agricultural-based industry and value addition, with Japan already[...]

KARACHI: Director General Sindh Building Control Authority (SBCA) Zafar Ahsan has said that to facilitate the industry, all industrial zones would be treated as a single zone. This was said in an address to the meeting held by the Korangi Association of Trade and Industry (KATI). President KATI Sheikh Umer[...]

FAISALABAD: Faisalabad Industrial Estate Development and Management Company (FIEDMC) has allocated Rs2.5 billion for the development projects of M-3 Industrial City. A FIEDMC spokesman said that FIEDMC board during its meeting has decided to construct a road like Faisalabad Expressway from Sahianwala to Chiniot Road to provide easy access to[...]

LAHORE: The European Union will assist the local textile industry to work towards ensuring sustainable growth of the country’s textile sector. “Pakistan needs to prepare itself to meet the challenges of sustaining the Generalised System of Preference Plus (GSP+) status so as to avail the opportunities of increasing exports to[...]

LAHORE: The Pakistan Industrial and Traders Association Front (PIAF) has appreciated the plan to revive 687 sick industrial units in 60 days, saying it is crucial to strengthen the industrial base for the revitalising of the economy and industrial growth. PIAF chairman Mian Nauman Kabir called for collaboration with the[...]

LAHORE: Punjab Minister for Trade & Industry Aslam Iqbal presided over a meeting at the Punjab Board of Investment and Trade (PBIT) office on Wednesday. The meeting saw a discussion on various matters, including the formation of new industrial clusters, special economic zones and establishment of required infrastructure in the[...]

“Travel brings power and love back into your life.” ― Rumi Jalaluddin Travelling is dubbed the essence of life. Historians call it essential for life and writers say so for the soul. In the past, travelling required extensive preparations and arduous journeys were the fate of those who set in[...]