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China imports cotton from India, not Pakistan

Source: The News | 08-02-2013

China has opted for importing cotton from India instead of Pakistan, as energy crisis in Pakistan has given rise to suspicions that the country's yarn exports may witness a decline.

It is pertinent to mention here that Pakistani industrialists had failed to meet production deadlines against export orders from China and the delivery had to suffer delays.According to the head of Cotton Giners' Association, Ahsanul Haq 44 percent of the total amount of yarn imported by China last year had been ordered from Pakistan.But, now Chinese traders have started to place these orders with India instead of Pakistan, pushing Indian yarn exports to an unprecedented level, he added.

Pakistan has not shipped wheat to Iran

Source: The Nation | 28-02-2013

Pakistan is yet to ship any wheat to Iran from a one million tonne barter deal agreed last August due to government disagreements, an executive from Pakistani grain exporter Seatrade Group said. A first shipment of 100,000 tonnes was supposed to be delivered to the Iranian port of Bandar Abbas in mid-Feburary, said the executive who declined to be named.&..... Read more

Big promises: PTI vows to create 10 million jobs in industrial policy

Source: Tribune | 05-03-2013

Pakistan Tehreek-e-Insaf (PTI) on Monday unveiled its nine-point industrial policy, vowing to revive the industry by restoring confidence of investors and create 10 million new jobs for youth by shifting focus to skill development. “Industry in Pakistan is in dire straits due to a crippling energy crisis, lack of access to finance and skill shortage..... Read more

Rs2bn tax evasion detected

Source: dawn | 31-12-2012

The FBR’s Directorate General of Intelligence and Investigation has unearthed a case of tax evasion of around Rs2 billion on imports. In pursuance of information regarding massive evasion of duty & taxes and misuse of rules, the staff of the Directorate General of Intelligence & Investigation-FBR, Regional Office, Karachi, has unearth..... Read more

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