Need to regulate medicinal plants sector

Medicinal plants have always been an important contribution to healthcare and livelihoods, and recently identified as among the most valuable non-wood forest products across the world. Unfortunately, harvests to meet the demand for a growing number of medicinal species are in many cases exceeding sustainable levels. Subsequently, the wild medicinal plant populations and the benefits derived there from are coming under threat. The demand for plant-based herbal products has grown exponentially

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Canada agrees to extend support for agri sector

STAFF REPORT KHI: Canada is planning to work on a massive development programme for Pakistan especially on the agriculture sector, as there is a vast potential in this area.
"Almost half of the population of Pakistan is not yet developed to its full potential. However, we should work together for developing the policies for the agriculture sector, especially dates which has large export market," Canadian High Commissioner Greg Giokas said this in a meeting with President KATI

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Germans assure support for energy sector

STAFF REPORT LHR: The Punjab government is taking all possible steps for coping with the problem of shortage of energy at the earliest and the energy crisis will certainly be overcome with the cooperation of friendly countries.
"The Punjab government is working on the projects of generating energy through hydle, biomass, biogas, solar and other sources," said Chief Minister Shahbaz Sharif while talking to head of German Ministry for Economic Cooperation and Development on Pakistan

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Agri sector has potential to boost GDP

STAFF REPORT LHR: Pakistan has a rich and vast natural resource base, covering various ecological and climatic zones; hence the country has great potential for producing all types of food commodities. More than 75 per cent people are engaged in agriculture sector. It contributes 21 per cent of the total GDP in Pakistan’s economy.
It provides employment to 45 per cent of people. It is source of raw material and output to industrial sector as well. Nowadays, this important sector is

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TeleCON for digitised ecosystem to define telecom sector

STAFF REPORT KHI: The 7the Pakistan TeleCON 2014 has recently been concluded in the city with regulators and experts determining that a data revolution, connected communities and a digitised ecosystem will define the telecom sector in Pakistan. The theme of the conference was "The Changing Dynamics of Telecom and ICT Sectors in Pakistan".
Organised annually by SHAMROCK Conferences International, to highlight and debate on critical issues and opportunities concerning the

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Pakistan keen to develop S and T sector

STAFF REPORT ISB: Federal Minister for Science and Technology Zahid Hamid has said that Pakistan is keen in the development of Science and Technology (SandT) sector and is playing an active role in this regard.
The minister said this during a meeting with Italy-based World Academy of Science Executive Director Prof. Romain Murenzi.
He said that they are working for the science diplomacy and South-South cooperation, said a press release.
He further apprised the World Academy of Science

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Smuggled Iranian LPG threatening local sector

STAFF REPORT LHR: Terming smuggling or under-invoiced imports from Iran a threat to the organised liquefied petroleum gas (LPG) sector and public health in Pakistan, the LPG Marketing Association has said the supply chain operates on fixed margins after procurement from producers.
"The price of LPG is determined by producers and not marketing companies. Technically, the government fixes the LPG rates as 63 per cent of the gas produced is sold by public sector companies," the

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Potential of biotech in public health sector discussed

STAFF REPORT ISB: Speakers at the Pak-China Business Forum 2014, the grand 4-day business and technology show, discussed the challenges and potentials of biotechnology in public health sector from both sides.

Dr. Anwer Naseem, Secretary General, Pakistan Academy of Science and Technology delivered a knowledge full speech on current and future scenario of biotechnology in details in a workshop.

Dr. Gan Zhong, Deputy Director General of Guangzhou Institute of Geochemistry, delivered his

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Livestock sector and green-house gases emission: Issues and options

Leading organisations working on environmental protection, food security and climate change have realised the role of livestock in GHG emission. There are two major types of GHG emission through livestock animals. Direct GHG emission is the portion evolved directly through animal body by enteric fermentation in ruminants and urine discharge. Moreover, the decomposition of manure is also part of it. Indirect GHG emission involves the emission through fertilizer application and production

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Canada ready to help develop farm sector

STAFF REPORT IBD: Canadian High Commissioner Greg Giokas, during his recent three-day visit to Karachi, held extensive discussion with Sindh Chief Minister Syed Qaim Ali Shah and experts to mull over ways to improve Pakistan’s agriculture.

During his separate meetings with the CM, Greg expressed his country’s desire to share expertise in economic development with special emphasis on providing technical know-how to Pakistan’s agriculture sector.

He said that Canadian

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Telecom sector gaining pace with sustained growth

STAFF REPORT ISB: The telecom sector, which is considered as tool for advancement, has now revolutionized the way people connect and interact as a visible change in ICT sector is picking up pace with each passing year.

It is the sector that has reduced distances, transcended borders and brought people together in way never seen in the entire human history.

Like previous few years, the telecom sector in Pakistan also grew stronger in year 2012-13 with major indicators showed

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Samsung targeting to invest in energy sector

STAFF REPORT IBD: Joonwoo Choi, Samsung CandT Corporation General Manager, during his recent meeting with Board of Investment (BOI) Chairman Dr Miftah Ismail and BOI Acting Secretary Imran Afzal Cheema to discuss new investment prospects in Pakistan.

On the occasion, Choi apprised them about his company’s expertise, and its interest in investing in Malakand Tunnel’s construction as well.

Meanwhile, in a bid to provide cheap transport, BOI Honorary Investment Councillor Feroz Shah

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Telecom sector adds Rs124 billion to national kitty

STAFF REPORT ISB: The growing cellular subscribers, increased traffic and higher taxes have encouraged the telecom sector’s contribution to national exchequer, touching Rs124 billion mark during fiscal year 2012-13.

Though the year 2012-13 saw lesser contribution from telecom sector as compared to Rs133.41 billion deposited in 2011-12, the sector can be termed as one of the highest contributors, putting Rs119 billion per year in the national kitty on average for the last five years

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Stopgap measures hurt telecom sector in 2013

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

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Need to revolutionise education sector

It needs no argument to prove that education provides the foundation of a strong, proper and developed nation. The development in almost all sectors of life in the West and Europe is a living example of this fact. The significant factor of these developed states is that they place education sector among their higher priorities as they consider that this is the key to achieve their goals of prosperity, development and, of course, superiority. That is why a major chunk of their budgets is

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Thar coal deposits can bring breakthrough in power sector

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

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Chinese firms show interest in energy sector

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

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