KCCI slams market closure decision thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
‘Goods inspection delays causing losses’
ANF official calls on authorities to grant access to WeBOC system
PHOTO: AFP
KARACHI:
Separate inspections of baggage by the Anti-Narcotics Force (ANF) and Customs authorities at airports have created hurdles in the way of export and import activities.
This concern was expressed by traders on Thursday during a visit of ANF Commandant Waqar Haider Rizvi to the Karachi Chamber of Commerce and Industry (KCCI).
Participants of the meeting asked questions about delay in examinations by the ANF, which caused losses on account of demurrage, detention and ungrounding charges.
They requested the ANF to enhance its workforce and resources, replace the obsolete scanners at ports with the latest ones and install more scanners.
Industrialists seek cut in energy tariff
Say new LNG deal with Qatar will ease pressure, resolve shortage
Market sources were of the view that it was a good decision by the regulator as it would open new avenues of private invest-ment in the LNG sector. PHOTO: FILE
KARACHI:
Industrialists have urged the government to slash the energy tariff in line with the low-priced LNG agreement inked between Pakistan and Qatar.
In a statement on Saturday, Businessmen Group (BMG) Chairman Zubair Motiwala termed signing of the long-term LNG supply contract between Pakistan and Qatar ‘a significant achievement’.
“The deal has paved way for supply of additional 200 million cubic feet a day (mmcfd) at around 31% lower rate compared to 2015’s contract for 500 mmcfd and it will definitely ease the tariff pressure off consumers besides helping resolve the issue of gas shortage being faced across the country,” he said.
Germany advises Pakistan to learn from neighbours for exports
Business
February 21, 2021
KARACHI: Germany on Saturday advised Pakistan to pivot from traditional exports and promote high value-addition by utilising human capital and developing industries.
Germany Consul General Holger Ziegeler said Pakistan has been sending mostly textile, leather and some other products to Germany. It must make good use of human capital, develop industries and produce high-value products for more exports to Germany and other countries, he said.
“You must look at the region and see how your competitors like Bangladesh and others have improved their exports to Germany and other countries,” Ziegeler said during a meeting with the officials of the Karachi Chamber of Commerce and Industry (KCCI).
Germany advises Pakistan to learn from neighbours for exports thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.