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Tag Archives: import

Large scale import of tea causing drain on foreign exchange

  Tea was discovered around 5,000 years back and is considered to be the oldest prepared beverage. The tea plant originated from South East China and slowly spread to Indo-Pak subcontinent, Sri Lanka and further into tropical and sub tropical countries. Tea is available in black, green, yellow and in white colors. The tea tree, under raw conditions, can reach up to 10 to 15 meters. Tea trees are grown …

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Price hike of imported used cars despite rupee appreciation

  In the absence of quality and price check mechanism the used cars traders are duping Pakistani consumers by offering them imported used cars with no warranty or spare parts availability while denying even the benefit of appreciation of Pakistani rupee this year, this was stated by Iqbal Shah, Chairman Pakistan Automobile Manufacturer Assembler Dealer Association (PAMADA). These used vehicles prices are compared with new locally-made cars, which are superior …

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Is import of LNG the right solution?

  The PML-N government is very actively perusing LNG import and also terming it the right solution to overcome Pakistan’s looming energy crisis. However, some of the quarters attribute this to be nothing more than ‘rental power scam’. They insist that it is ‘selecting a lesser evil’ and question the prudence of policy planners. They even go to the extent of saying that the power energy policies of ruling junta …

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The state of automobile industry in Pakistan and the role of imported and used cars

  The automobile industry and the auto parts manufacturers in the country have been suffering greatly due to the inconsistency in import policies and the widespread import of used cars taking place in the country. Personal baggage schemes are being used by used car importers, which are meant only to help overseas Pakistanis to import their used cars into the country. A number of the cars being imported in this …

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11,000 used cars imported in 2012-13 hitting badly to domestic automobile industry

  The automobile industry is considered as the mother of engineering industry instrumental in building up all the developed economies to the current status. It is, however, unfortunate that the situation in Pakistan is quite different and instead of building up our own automobile industry, the policy makers have a visible leaning towards imports of used cars on the pretext of controlling price inflation in the automotive industry. In fact …

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Impact of reduced oil prices on economy of Pakistan

  Pakistan is a country which imports oil and with a decrease in the prices of oil internationally, the import bill is likely to be affected in a positive manner. During the fiscal year 2014, out of an import bill of US$41.7 billion, 35.3% or US$14.8 billion was used for oil and related products. Thus with a decrease in the prices of crude oil, the impact is likely to be …

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Import of electricity from Iran best option to overcome Balochistan’s misery

  Balochistan’s total power demand approximately stands at 1200 megawatts, which is less than half of the requirement of Karachi. It is because of the fact that the province has no sound industrial base; hence there is no significant consumption of electricity for industrial purpose in the province. The power consumption is largely for domestic purpose. Being the least populous province, it consumes the least power, as compared to other …

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Future of Pakistan linked with renewable energy

  Interview with Mr Inam Ur Rahman – CEO, Reon Energy Ltd & Tenaga Generasi Ltd Profile Inam ur Rahman is the Chief Executive Officer of Reon Energy Limited (REL) and Tenaga Generasi Limited (TGL), wholly-owned subsidiaries of Dawood Lawrencepur Limited (DLL). He joined DLL as CEO in September 2009 and was re-elected at the 21st AGM on 27th Sep 2012. He is currently serving as a Director on the …

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Regasified LNG import – A fastest solution to ease burden on Pakistan’s economy

  Liquefied Natural Gas (LNG) is by far the cheapest imported fuel on which Pakistan can rely to meet its future energy needs. The cost of regasified LNG stands at $9.37 per million British thermal units whereas the imported furnace oil costs $10.62 per mmbtu, high-speed diesel costs $20.03 and liquefied petroleum gas (LPG) costs $17.6. Natural gas in Pakistan meets 35 percent of power generation needs, 23.8 percent of …

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An overview of Karachi port – Outstanding performance of KPT’s import and export cargo handling in 2015-16

  The existence of Karachi Port dates back to eighteenth century when Alexander the Great, ended his campaign along the Punjab Rivers and Indus. His Admiral Nearchus, with his fleet, reached Krokala, which is known today as Keamari. Writers like James Rennell (1792) and M. R. Haig (1894) have identified this place in their scripts. Alexander Baillie mentions Arabic Treatise “Mohit” to be used as “Port” for the first time …

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