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Port Qasim to have 100,000 barrels Trans Asia Oil Refinery

KARACHI: Trans Asia Refinery Ltd (TRL), located at Port Qasim, has declared its “total commitment” to building the most complex refinery in Pakistan, producing more than 100,000 barrels a day and 4 million tonnes of petroleum products every year. In a major boost to the country’s economy, TRL signaled the end of previous delays with an undertaking that “the investors ... Read More »

Mughalpura Dry Port road in shambles

  Staff Reporter LAHORE: Despite the fact that the government earns billions of rupees revenue from the Lahore Dry Port, the important over 200-metre long road leading to the main entrance of the Port has been left unpaved, creating problems for movement of vehicles, for the last several years. The broken road of the dry port causes serious inconvenience for ... Read More »

Reforming FBR

The reform process in FBR initiated by the new Chairman, Tariq Bajwa, was long overdue. FBR is the source of the lifeblood needed by the national economy for sustenance and growth. But, because of the loopholes and gaps in the working of FBR, the government is not getting the revenue it needs to run its affairs. FBR has continuously failed ... Read More »

Customs House Nabha Road gets a face-lift

M. Jehangir LAHORE: The Customs House Nabha Road, a four-storey building and hub of all customs related activities, has been given a new face-lift by renovation work done by NESPAK. NESPAK A&P Division Lahore completed renovation of the Customs House Nabha Road, having covered area of 9,006 sqm. The renovation work included documentation and assessment of the existing building, detailed ... Read More »

Karachi International Container Terminal a facility par excellence

SOHAIL RAB KHAN KARACHI: The Karachi International Container Terminal (KICT), the country’s one of the leading container terminal operators, has been operating since 1998. It is located within the Karachi Port covering a total area of 26.03 hectares. The KICT has five berths equipped with modern container-handling equipment and each berth is 973 metres in length. Nine container quay cranes ... Read More »

Govt imposing strict discipline to rescue economy

NASIM AHMED LAHORE: Budget making was a difficult assignment for the economic team of the newly installed PML-N government. Not only was the time short, but the choices before the budget makers were also limited. The numerous acts of omission and commission by the previous government cast a long shadow over the economy and it was not easy to find ... Read More »

Branchless Banking: Pakistan vs Bangladesh

CUSTOMS TODAY REPORT LAHORE: Pakistan’s market is hailed as an innovation laboratory for branchless banking (BB) services within the South Asia region as well as outside. But it seems that Pakistan’s regional leadership could soon be taken over by a relatively late entrant in the sector: Bangladesh. Keeping in mind that Pakistan and Bangladesh have similar populations, mobile penetration and ... Read More »

Hard times ahead

Budget documents are curious concoctions. They please some people and disappoint others. Although they can be read and deciphered only by financial analysts and economic wizards, through their policy impact they affect the humblest households in the farthest corners of the country. In the case of the federal budget for fiscal 2013-14, the general public had nursed special hopes and ... Read More »

Pakistan should ink more free trade agreements

SYED MOHAMMAD TAHIR  LAHORE: In recent years, we have witnessed a spectacular rise of regional and bilateral trade agreements in most parts of the globe. In Asia, a myriad of new trade agreements have blanketed the whole region where not only individual countries are signing new trade agreements with others states but economic blocs also prefer to ink various Memorandum ... Read More »