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Tag Archives: Khurram Dastgir

Divestment of 10% shares in ABL: Govt fixes floor price at Rs105 to generate Rs13b

ISLAMABAD: The government has fixed floor price at Rs105 per share for divestment of its 10 per cent (around 131 million) shares in Allied Bank Limited (ABL). The Cabinet Committee on Privatization (CCoP), under the chair of Finance Minister Ishaq Dar, considered the ABL pricing benchmarks as presented by the LM & BR and recommended a floor price of Rs105 ... Read More »

ICCI for increasing forex reserves to $22b, exports to $32b

ISLAMABAD: Welcoming the announcement of 14-point “future roadmap” by Finance Minister Muhammad Ishaq Dar to improve the economy and make Pakistan globally a competitive country, Islamabad Chamber of Commerce & Industry has called upon the government to start taking practical measures to ensure implementation of the roadmap in letter and spirit to achieve fruitful results for the country. Muzzamil Hussain ... Read More »

Pakistan, Turkey agree to achieve $2 billion trade target: Dastgir

ANKARA: The economic managers of both Pakistan and Turkey have agreed to take necessary steps to further solidify commercial relations. Various proposals to this affect were discussed and agreed during the 15th session of Turkey-Pakistan Joint Economic Commission (JEC) which concluded on Thursday. Federal Minister for Commerce of Pakistan Engineer Khurram Dastgir Khan and Turkish Minister for Environment and Urbanization ... Read More »

Dastgir orders TDAP to submit released funds’ report

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir Khan has ordered the Trade Development Authority of Pakistan (TDAP) for submitting a comprehensive statement on the funds released for the projects He said this while was chairing a meeting of Board of Directors of Export Development Fund adding that the meeting members have taken decisions on several problems relating to export promotion. ... Read More »

Dastgir to administer oath of Jhang chamber office-bearers today

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir will administer oath of the new office-bearers of Jhang Chamber of Commerce and Industry (JCCI) today (Tuesday). Well placed source at Ministry of Commerce said that the Minister would proceed to Jhang in the afternoon from Islamabad and would administer oath of the newly-elected office-bearers of JCCI at an august ceremony there. It ... Read More »

Govt seeks parliament nod to give market access to India

ISLAMABAD: The federal government has decided to forward Non-Discriminatory Market Access (NDMA) – a term coined after Most Favoured Nation (MFN) status for India, to parliament for approval to normalise trade ties with India. The decision was taken after lack of understanding between inner opposition and stakeholders. As per details, the government is waiting for end to sit-ins so that ... Read More »

Economy in the dock

Through their contradictory statements, the government ministers have been repeatedly warning the nation about billions of rupees losses to the national exchequer since Imran Khan, chief of the Pakistan Tehreek-e-Insaf, and Dr Tahirul Qadri, chief of the Pakistan Awami Tehreek started their marches and sit-ins in the twin cities of Islamabad and Rawalpindi. Khurram Dastgir, the federal commerce minister, puts ... Read More »

Long marches inflict Rs 300b loss on national economy: Dastgir

ISLAMABAD: While terming long march as economical murder of the country, the Commerce Minister has said that ongoing long marches have inflicted a loss of at least Rs 300 billion to national economy. “Both the domestic and foreign investors are reluctant to invest in the country under the threat of marchers,” stated the Minister here. Engr. Khurram Dastgir said that long ... Read More »

Land Port authority to oversee ITTMS project: Ishaq Dar

ISLAMABAD: During the second meeting of the Steering Committee on Integrated Transit Trade Management System, Finance Minister Senator Ishaq Dar lauded Committee members for visiting all three sites including Turkham, Chaman and Wahga for establishing land parts under ITTMS and completing the preliminary work in this regard. The Finance Minister said that Land Port Authority should oversee the construction, and ... Read More »

GSP+ boost exports to EU by $700m: Dastgir

ISLAMABAD: Exports to European markets during the first 11 months (July-May) of the outgoing fiscal year grew by an additional $700 million because of GSP+ status, said Commerce Minister Khurram Dastgir. “The major share in this growth was grabbed by the textile and clothing sector,” he said while talking to media persons here. Asked why the growth in exports to ... Read More »

Pak-India trade talks in July: Khurram Dastgir

LAHORE: Commerce Minister Khuram Dastgir has said that he will meet his Indian counterpart in July to discuss bilateral trade between the two countries. “I will be meeting Indian State Minister for Commerce and Industry Nirmala Sitharaman in July,” a source quoted Dastgir as saying. The meeting between Sitharaman and Dastgir will take place on the sidelines of SAFTA Ministerial ... Read More »

Dastgir reviews implementation on conventions under GSP Plus

ISLAMABAD: Commerce Minister Engr Khurram Dastgir Khan said that the government has been extending coordination with representatives of all federating units to appoint focal persons for treaty implementation, amend existing laws and promulgate new ones to bring them in accordance with the international conventions Pakistan has to comply with under GSP Plus. He said this while chairing a meeting of ... Read More »

Reforms in TDAP underway to boost exports: Khurram Dastgir

ISLAMABAD: Reforms in the Trade Development Authority of Pakistan are underway to enhance exports of the country. A working committee has been formed headed by Commerce Secretary to rectify all kinds of matters in TDAP. Federal Commerce Minister Khurram Dastgir said this during a meeting with Commerce Secretary Arbab Shahzad, TDAP Chief Executive Officer SM Muneer and TDAP Secretary Rabia ... Read More »

LPA, land ports in the making to boost trade: Dastgir

ISLAMABAD: A Land Port Authority (LPA) will be established to facilitate the promotion of trade through land routes with all regional countries including India while modern infrastructure will be developed at Chaman, Torkham and Wagah check-points to boost trade. Moreover, land ports will also be established at Taftan and Monabao-Khokhropar to channelize regional trade. This was declared by Federal Commerce ... Read More »

Pakistan pays due importance to Eastern Europe: Khurram Dastgir

ISLAMABAD: Pakistan is pursuing a policy to enhance trade and investment by focusing on Eastern and Central Europe in addition to the traditional Western European markets, said the Commerce Minister Khurram Dastgir during his meeting with Miroslav Lajčák, Deputy Prime Minister and Minister of Foreign & European Affairs of the Slovak Republic. Dastgir appreciated Slovak support for Pakistan in obtaining ... Read More »

Fresh initiatives to be taken to boost economy: Khurram Dastgir

ISLAMABAD: Pakistan will undertake fresh trade initiatives with its regional and international trading partners to promote trade and boost economic growth in the country. Federal Commerce Minister Khurram Dastgir Khan said this in a meeting with officers of the commerce ministry academics and experts. The meeting was held to discuss the strategies for doubling Pakistani exports in the next few ... Read More »

Pak can cope with Indian market’s size thru export potential: Dastgir

HYDERABAD: Regional markets including India offer huge opportunities and can help Pakistan boost its exports, said Commerce Minister Khurram Dastgir Khan on Thursday. Addressing a gathering of growers arranged by Sindh Abadgar Board (SAB), the minister said there was no need to be fearful of Indian market’s size as Pakistan has huge export potential. “We shouldn’t be apprehensive of India’s ... Read More »

Dastgir’s quest for US grant of GSP shows positive signs

WASHINGTON DC: In a briefing to US media Pakistan’s Commerce Minister Khurram Dastgir has said that Pakistan qualified for EU’s grant of GSP Plus “on merit and we want the same arrangement with the US, also on merit.” The commerce minister said, “The US government is keen to help us and we have sympathisers on the Capitol Hill as well.” ... Read More »

Dastgir arrives in US to hold trade talks

ISLAMABAD: Commerce Minister Khurram Dastgir has arrived at Washington DC to attend a meeting on Trade and Investment Framework Agreement from 13-15 May 2014. Prime Minister Nawaz Sharif and US President Barack Obama during their meeting held in October, 2013, resolved to resume discussions on trade and investment through the agreement. Dastgir will meet US Trade Representative Michael Forman in ... Read More »

Govt to get strict on illegitimate edibles

ISLAMABAD: Federal Commerce Khurram Dastgir has told the National Assembly that the government is drafting a law to restrict import of Haram edible ingredients into Pakistan which shall be promulgated within the current year. While addressing the Parliament the minister said the Ministry of Science and Technology, Ministry of National Food and Security and Ministry of Commerce are jointly crafting ... Read More »