PM extends support for investments in value-added dairy sector
While talking to a delegation led by Jan Derck Van Karnebeek, Global CEO of Royal FrieslandCampina and Engro Pakistan, he emphasised that Pakistan is committed to collaborating with companies such as FrieslandCampina to develop the dairy sector.
'We will encourage initiatives that focus on improving the safety and nutritional value of milk to boost dairy product exports,' he added.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
4 hours ago
- Business Recorder
Green energy and industrial development moot New horizons for investment in Balochistan will be opened: FPCCI chief
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has termed the Balochistan Green Energy and Industrial Development Conference a promising step for the country's future. The event was held at Federation House, Karachi, in collaboration with the Balochistan Board of Investment and Trade (BBoIT) on Tuesday. FPCCI President Atif Ikram Sheikh said the conference would open new horizons for investment in the province. 'Balochistan has the potential to become the country's hub for green energy,' he noted, adding that FPCCI is committed to encouraging the business community across Pakistan to explore opportunities in energy, mines and minerals, food, and agriculture sectors. United Arab Emirates Consul General Bakhit Ateek Al-Rumaithi attended as the guest of honor. He expressed UAE's keen interest in investing across all key sectors of Balochistan. FPCCI Vice President and Regional Chairman Sindh Abdul Mohaimen Khan emphasized that the federation would motivate entrepreneurs nationwide to channel investments into the province. 'The energy, minerals, and agriculture sectors in Balochistan hold enormous promise,' he said. Mian Zahid Hussain, Chairman of FPCCI's Policy Advisory Board, observed that investments in Balochistan would bring high returns for both local and foreign investors. BBoIT Vice Chairman Bilal Khan Kakar also highlighted the province's opportunities, urging the business community to fully utilize FPCCI's apex platform for tapping into investment prospects. Copyright Business Recorder, 2025
Business Recorder
4 hours ago
- Business Recorder
Port congestion: Suggestions aimed at slashing container dwell time finalised
ISLAMABAD: To improve cargo clearance efficiency and easing congestion at the country's two key seaports, the Ministry of Maritime Affairs has finalised a set of recommendations to reduce container dwell time at Karachi Port and Port Qasim. The recommendations prepared by the Karachi Port Trust and Port Qasim Authority in collaboration with other experts were presented to the Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, here on Tuesday. The minister instructed that the recommendations be forwarded to the Federal Board of Revenue (FBR) earliest, with directions to prepare an implementation plan within two weeks. Acting Chairman Karachi Port Trust, Rear Admiral Ateeq ur Rehman, and Rear Admiral Muhammad Khalid, Director Operations of Port Qasim Authority joined the meeting via video link from Karachi. The committee itself was established by the minister and is chaired by Umer Zafar Sheikh, Additional Secretary, Ministry of Maritime Affairs, with representation from KPT, PQA, Pakistan Customs, terminal operators, FBR, and other relevant stakeholders. The minister emphasised that the plan seeks to align Pakistan's port operations with global benchmarks, enabling faster clearances, smoother trade flows, and reduced operational costs for businesses. He also restructured the committee, assigning it a new mandate as an implementation body responsible for coordinating with the FBR and monitoring progress within the specified timeframe. The recommendations focus on addressing bottlenecks across the clearance chain, from delays in goods declaration filing, adjudication, and laboratory testing, to issues related to transportation, examination, auctioning, and gate-out processes. Key measures include promoting early or pre-arrival filing of goods declarations, shortening the filing window, and introducing fines for late submissions. Virtual hearings have been proposed to speed up adjudication, while the use of rapid screening technologies and expanded laboratory facilities has been advised to reduce testing delays. Copyright Business Recorder, 2025
Business Recorder
4 hours ago
- Business Recorder
PSX historic milestone: Steady economic improvement yields results: PM
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday expressed great satisfaction as the Pakistan Stock Exchange's benchmark KSE-100 index surpassed the historic level of 150,000 basis points, marking a significant milestone for the country's financial markets. In a statement issued here, the prime minister thanked the business community for their continued confidence in government policies. He attributed this milestone to the steady improvement in the country's economic conditions, highlighting the resilience of investors and traders who have restored trust in Pakistan's market. 'The nation is on a path of development, but further efforts are still needed,' Sharif said, underscoring the ongoing commitment of the government's economic team. PM derives satisfaction from PSX surge He praised their relentless work in steering the economy through challenging times and acknowledged the determination of the business community to sustain economic activity even during difficult periods. Sharif emphasised that growth in business and investment would lead to the creation of new employment opportunities, benefiting the wider population. 'This progress is a testament to the collaborative efforts of all stakeholders and reflects positively on Pakistan's potential as an emerging market,' he concluded. Copyright Business Recorder, 2025
