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Pakistan rejects use of Chinese currency in Gwadar

Pakistan on Tuesday has dismissed China’s demand to allow usage of its currency in Gwadar’s free trade zone under China Pakistan Economic Corridor, reported Roznama Dunya on Wednesday. As per details, Pakistani officials argued that any such step would undermine country’s ‘economic sovereignty’. The final message to Chinese officials was …

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Suzuki Pakistan launches new pickup Mega Carry

Suzuki Pakistan has launched a new pickup across the country named Mega Carry that has 1493cc engine and aims to target the load carrying business. It can accommodate two passengers in the front seats while there are no seats in the backside. A spacious compartment in the rear part will …

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LPG DA condemns premium bonus, signature bonus, levy & duty on LPG import

Chairman/Founder of LPG Industries Association of Pakistan (LPG Chamber of Pakistan) & Chairman LPG Distributors Association Pakistan, Mr. Irfan Khokhar told that LPG Distributors Association Pakistan condemns premium bonus, signature bonus, levy & regulatory duty on LPG import. In an important meeting held at LPG Distributors Association Pakistan head office, …

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Airbus given certificate for widebody aircraft

Airbus said Tuesday that its A350-1000 widebody aircraft had received certification from US and European aviation authorities, clearing the way for its delivery and entry into service. A longer version of the Airbus A350-900, the twin-engine plane can accomodate an extra 40 people, taking its total capacity to 366 people. …

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Weekly inflation decreases by 0.88 percent

– The Sensitive Price Indicator (SPI) based on weekly inflation for the week ended on November 17 for the combined income groups decreased by 0.88 percent as compared to the previous week. According to the latest data released by Pakistan Bureau of Statistics (PBS) on Saturday, the SPI for the …

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Sindh govt proposes to make PSM restoration part of CPEC

Sindh government has proposed federation to make restoration of Pakistan Steel Mills (PSM) part of China Pakistan Economic Corridor (CPEC). Sources privy to Sindh govt has confirmed aforementioned development and stated that move is aimed at not only reviving PSM but also to make it a profitable organization. On the …

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Dairy sector has potential to promote exports: PEW

The country’s dairy sector has great potential to enhance exports and government’s support was needed to take maximum advantage of this resource, said Pakistan Economy Watch (PEW). Promotion of this sector would also help reduce domestic prices of milk, hence provide relief to the common masses, it said. With milk …

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