Exports increase by 18.56 percent

KARACHI (April 27 2006): Exports during July-March 2005 stood at $12.073 billion as compared to $10.183 billion during the corresponding period of the last year, showing a rise of 18.56 percent.

ISLAMABAD (April 27, 2006): US-Pakistan Business Council on Wednesday said Islamabad and Washington should show flexibility to materialise Bilateral Investment Treaty (BIT) for encouraging private and public sectors of both the countries to take benefit of each other's potential.

LAHORE (April 27 2006): All Pakistan Contractors Association (APCA) has urged the government to allow freight subsidy in next trade policy to items shipped in connection with the export of construction services at par with manufactured goods shipped to non-traditional markets.

SIALKOT (April 27 2006): The Punjab government has initiated an action plan for development of small and medium industries for ensuring strong industrial base in Punjab, official sources told Business Recorder here on Wednesday.

LAHORE (April 27, 2006): US Consulate Lahore Political Economic Officer Victoria Taylor said the US and Pakistan were enjoying very warm relations. They would work in collaboration with the LCCI and business community of Lahore to promote the bilateral trade; and a little effort in right direction could take the trade volume to the peak.

15 percent reduction in Karachi Port charges approved

KARACHI (April 27, 2006): The KPT Board of Trustees, in a meeting on Wednesday, approved 15 percent reduction in KPT Port charges effective from July 1, 2006. The meeting, chaired by KPT Chairman Vice Admiral Ahmad Hayat, was attended by seven Trustees Vice Admiral S. Tauquir H. Naqvi, Farooq Rehmatullah, Iqbal Umer, Dewan, M. Ayub Khalid, Dr Arshad A. Vohra, Sohail Mansoor Khawaja, and Dr Fahimuddin Ansari.