Local
car producers are bracing themselves for decreased profitability at
best and downright losses at worst for the financial year ended June
30 this year. PAGE highlights the challenges it poses to the local car
producers and also the reasons restricting the growth of the car and
auto vending industry.
ISLAMIC
BANKING
The
financial system in Pakistan is passing through a critical phase of
transition, the uphill task however needed to be accomplished at the
earliest to save the system from uncertainties due to delays in
implementation of decisions. The transformation of government's
financial operations, mainly its borrowing into a mould of Islamic
system has been identified as the formidable challenge to the experts
engaged in the shifting process.
CONTAMINATED
COTTON
The
government has given a guideline to the growers, pickers, ginners and
exporters to make cotton and cotton yarn free from contamination. The
entire Balochistan and cotton producing belt in Punjab have been
declared as contamination free zones. APTMA would pay an additional
amount of Rs200 per maund of contamination free cotton to the ginners.
A premium of Rs75 per maund would be paid on lesser-contaminated (2.5
gram per bale) of cotton. This is an incentive to the ginners for
taking care in the ginning process.
