STAFF REPORT IBD: Amid the fast depleting hydle power generation in Pakistan, the domestic coal is going to be the cheapest source of power generation when compared with imported coal, LNG, furnace oil and high speed diesel. Domestic natural gas, although cheaper than coal, is fast becoming a scarce commodity.
Unsustainably rising electricity costs and limited foreign exchange reserves have forced policymakers to concentrate on a domestic resource that is in abundance and whose
STAFF REPORT IBD: Chinese Ambassador to Pakistan Sun Weidong said a number of companies are showing their keen interest to invest in the energy sector in Pakistan to help it overcome its crisis.
The foreign diplomat said that China is ready to extend a helping hand to the country, expressing a willingness to participate in water, thermal, solar, wind and civil nuclear power generation projects.
"We should strengthen cooperation in all fields," said Weidong adding, "We
STAFF REPORT LHR: Stopgap measures hurt the telecom sector in Pakistan, while some controversies on the International Clearing House (ICH) and suspension of 3G auctioning due to violation of procedures reverberated throughout the last year.
However, the successfully launch of biometric verification system to counter the unregistered sales of SIMs, used in terrorism and criminal activities, is the most remarkable achievement.
The ICH was launched to curb grey cellular traffic, but
STAFF REPORT IBD: Pakistan is lagging behind from other countries of emerging economies vis-à-vis investment in information technology (IT), as due investment is not being made here with regard to automation and IT sector as an industry.
"With the issuance of 3-G license in Pakistan in March 2014, there will be visible impact on transformation. Naveed further said the Punjab government is moving in right direction vis-à-vis adoption of latest technology," said Naveed
STAFF REPORT IBD: A recently held two-day water conference highlighted problems, which the country’s prime agriculture sector is likely to face due to drying up of irrigation resources in future, if steps were not taken to improve supplies across the country.
Speakers at the conference titled as "Water Co-operation in Action – From the Global to the Grassroots" proposed immediate steps to overcome the growing water scarcity.
The experts proposed ways to meet the
STAFF REPORT IBD: The COMSATS Institute of Information Technology, Islamabad, in collaboration with Tsinghua University, Federation of Pakistan Chamber of Commerce and Industry and Islamabad Chamber of Commerce and Industry has recently organized a two-day international workshop titled, "Doing Business with China" in Islambad.
In the backdrop of China’s ascendancy to the economic powerhouse of the world, this two-day workshop focused on the Pak-China business relations and
STAFF REPORT LHR: Pakistan’s poultry industry involves 1.5 million people and accounts for almost 10 per cent of livestock growth, according to a leading academic in Lahore.
"The poultry is the most vibrant sector in Pakistan with an annual growth of eight to 10 per cent," said Lahore University’s Veterinary and Animal Science Vice Chancellor, Professor Talat Naseer Pasha.
He was speaking at a recently arranged seminar, Modern Concepts for Poultry Production’ organised
STAFF REPORT KHI: The All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA) has initiated measures to develop a national and export policy for the agriculture sector for the next 10 years, keeping in view the decline in the number of varieties of various fruits and vegetables, their lower yield per acre and gradual drop in exports.
"The association has initiated the process of developing the national and export policy for the agriculture sector,
STAFF REPORT KHI: The Green Power for Mobile Afghanistan and Pakistan Specific Working Group has stressed upon exploring the solution to meet the business challenges emerged following the persistent energy crisis in Pakistan.
On the occasion, speakers also identified the expected role of relevant stakeholders to explore and subsequently deploy long-term sustainable solutions.
The workshop was co-organised by the GSMA and co-hosted by Telenor Pakistan.
In his remarks, Telenor
STAFF REPORT IDB: Pakistan has sought India’s cooperation in the renewable energy sector, especially the use of solar power for agriculture, Pakistan High Commissioner Salman Bashir said while talking to media.
"A team from Pakistan has visited India to study renewable and energy sector. The team is studying the use of solar power for agriculture and solar power plants in India. It is an area where we can benefit," said the Pakistani diplomat.
Speaking at the PHD Chamber
By Muhammad Mohsin Raza, Zeeshan Sattar, Muhammad Aslam Khan, Sabir Khan
LIVESTOCK IS an important sector in agriculture. It represents 52.2 per cent of agricultural value added and contributes 11 per cent to the Gross Domestic Product (GDP). Some 30-35 million rural people depend directly or indirectly on livestock for their livelihood. It has potential to absorb more rural labour to reduce rural poverty if proper attention is given to this sector. Pakistan is proud to be the fifth
THE INCUMBENT government in its first annual budget for the year 2013-14 has come up with an aggressive but innovative’ style to increase as well as expand the tax net in Pakistan. As part of this strategy, it has not spared the IT and telecom sector as it has slapped another five per cent withholding tax from the old 18 per cent to 25 per cent on this sector from July 1, 2013. This raise in withholding tax would further put an extra burden on the already heavily taxed telecom sector, ratherRead more
STAFF REPORT IBD: The telecom and information technology industry will remain unchanged in the next financial year as the federal government has not touched in the finance bill for the year 2013-14 and all the taxes will likely to remain unchanged.Apparently there is no hope that the government would bring down the taxes ratio imposed on the telecom and IT sector, which has shown its strong reservations over the 19.5 per cent FED and 10 per cent WHT on telecom services.It is be noted here thatRead more
STAFF REPORT IBD: The IT industry can play a major role in bolstering the economy of Pakistan as demonstrated by countries like India, Philippines and Singapore. This local sector has started strongly emerging as a global IT destination, as over 100,000 people are officially employed in the IT sector of Pakistan and many more are informally employed. However, unfortunately this sector has not been given the same industry status as textile and other industries."There is a desperate need forRead more
STAFF REPORT KHI: Germany, the most powerful economy of European Union (EU), has expressed its interest in investing in Pakistan’s strong agriculture sector for bilateral cooperation."Pakistan has tremendous potential in agriculture sector and Germany wants to bilateral cooperation in this sector," said German Council General Dr Tilo Klinner while speaking to an interactive session organised by Pakistan German Business Forum (PGBF) at Goethe Institute.He said that Germany is tryingRead more
STAFF REPORT FBD: As Pakistan’s agriculture sector is persistently facing the brunt of the energy crisis which has made it impossible for farmers to operate tube wells, a Netherlands-funded programme is promoting biogas as an alternate fuel to run tube wells.Agriculturists say that they are handicapped as they cannot get water from canals or operate tube wells due to the prevailing energy crisis, and since most of the farmers come under the low-income bracket, they cannot go for expensiveRead more
STAFF REPORT LHR: In Pakistan fertilizer units getting gas from SNGPL have expressed intentions to invest $100 million for the development of dedicated lower BTU gas fields. This is aimed at improving the gas supply to fertilizer plants to improve capacity utilization of local plants instead of depending on costly imported urea.The fertilizer sector has been facing severe curtailment of gas since April 2010, one of the worst affected sectors, which has worsened the rural economy over the lastRead more