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Category Archives: Industries

Chairman All Pakistan Textile Mills Association hails announcement of Zero Rated Regime for Textile Sector

Karachi, June 06, 2016 (PPI-OT):Mr. Tariq Saud, Chairman, All Pakistan Textile Mills Association (APTMA) hailed the Government specially the Finance Minister, Mr. Muhammad Ishaq Dar and Special Assistant to the Prime Minister on Revenue, Mr. Haroon Akhtar Khan for reinstating Zero Rated Regime for the Five Major Export Oriented Sectors including Textiles. In a statement …

Pak-Qatar Takaful Group achieves net-profit of Rs. 84.7 million

Lahore, May 09, 2016 (PPI-OT):The Pak Qatar Takaful Group recently held its Board Meeting, to review the group’s performance and the strategy for the year 2016. Pak-Qatar Takaful Group, which comprises Pak-Qatar Family Takaful and Pak-Qatar General Takaful, has posted a net profit of Rs.84.7 million in 2015. At the same time, Participant Takaful Fund …

Prime Minister’s Special Assistant urges pharmaceutical industry to become part of global clinical trials’ effort for innovation

Karachi, May 05, 2016 (PPI-OT):Special Assistant to Prime Minister Dr. Musadik Malik has urged the pharmaceutical industry of the country to explore the option of Pakistan becoming a part of the global effort of running clinical trials for innovation in the field of medicines and health care research. “In order to Pakistan move forward and …

PRGMEA central chairman Shaikh Mohammad Shafiq expresses concern over continuous decline in export

Karachi, May 02, 2016 (PPI-OT):Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) central chairman Shaikh Mohammad Shafiq, in a statement said that the government has set export target of $35 billion to be achieved during next three years through Strategic Trade Policy Framework (STPF) 2015-2018 and improvement in export competitiveness, on the other hand export …

China Pakistan Economic Corridor’s momentum setting industrial cooperation fundamentals in place: Ahsan Iqbal

Islamabad, April 29, 2016 (PPI-OT):The Federal Minister for Planning Development and Reform Prof. Ahsan Iqbal has said that with the momentum of China Pakistan Economic Corridor a world of opportunities have opened up setting fundamentals of industrial cooperation between Pakistan and China, fast in place, says a Press Release received from Beijing here today. Prof. …

Lucky Cement records Rs9.61bn profit for nine months

Karachi, April 26, 2016 (PPI-OT):Lucky Cement Limited continued to lead the cement industry in terms of sales volumes and reported net profit of PKR 9.61 billion for the nine months ended March 31st, 2016 which is 3.3% higher than the same period last year. Consequently, the earnings per share (EPS) for the nine months increased …

Government is committed to further expanding and deepening mutually beneficial relationship between Pakistan and Italy: President

Islamabad, April 21, 2016 (PPI-OT):President Mamnoon Hussain has said that the Government is committed to further expanding and deepening mutually beneficial relationship between Pakistan and Italy especially in the economic and commercial spheres adding that Pakistan has recently announced a new automobile policy to diversify its automobile industry in which Italian car maker Fiat and …

Cement industry has recorded its highest ever despatches of 3.584 million tons during March 2016

Karachi, April 05, 2016 (PPI-OT):Cement industry has recorded its highest ever despatches of 3.584 million tons during March 2016 on the strength of healthy growth in domestic consumption and turnaround in exports; enabling it to utilize more than 90 percent of installed capacity during the month. While buoyancy in the domestic market has remained the …