Category Archives: Economics

The procedure of applying for Prime Minister’s Youth Business Loan


  1. Download the Application Form, Print it and Fill it. Download. or you can get it from Following Banks, There is no cost of application form.
    • National Bank of Pakistan (NBP)
    • First Women Bank (FWBL)
  1. One personal guarantee required – No other security

Following individuals can provide guarantee for the loan applicants:

    • Government Servant of BPS 15 or above, OR
    • Any other individual having net worth of 1.5 times of the loan amount applied for.
    • Net worth is total assets (Moveable or immoveable) in the name of the individual minus any liabilities such as loans from banks or other individuals.
    • No, Blood Relatives’ guarantee is usually not acceptable to the Banks.
  1. You are required for 10% of the loan amount as Borrowers Capital
  2. If you are a bank defaulter, you are ineligible. You cannot apply for loan
  3. Following documents are required along with loan application form.
    • a) 1 Recent Passport size photograph of the applicant
    • b) Photocopy of Applicants CNIC
    • c) Photocopy of Guarantor’s CNIC
    • d) Basic Borrowers Fact Sheet (Part A of form)
    • e) Guarantor’s Information (Part B of form)
    • f) Copy of SMEDA Pre-feasibility Study or Applicant’s own prepared Business Plan / Feasibility / Project Proposal
      • Example1 of Project Proposals (Animation Production Facility), Download Here
      • Example2 of Project Proposals (Info Pack PM Youth Loans), Download Here
      • For more information on feasibility studies please visit www.smeda.org

After Fulfilling All Above Requirements.

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Pakistan Embassy in Beijing to facilitate Chinese investors for investments in Pakistan


BEIJING, DEC 5 : Pakistan Embassy will provide all-out help, encouragement and facilitation to the Chinese investors intending to make investments in diverse areas of Pakistan’s economy, Ambassador Masood Khalid has said.

imagesThe Ambassador was talking to senior chief executive officers of different Chinese entities already working in Pakistan as well as the potential investors from energy, infrastructure, and communications sectors, in Pakistan. It may be mentioned here that during Prime Minister Mian Nawaz Sharif’s visit to China in July, both sides had signed eight cooperative agreements and MoUs to further enhance economic cooperation. Ambassador Khalid held separate meetings with Chinese firms at the 2-day, 5th China Overseas Investment Fair which began here Tuesday. Continue reading

Pak China border closed for all kind of traffic for four months


pak0041Sost Gojal, November 30(Sost Today): The Pakistan – China will be closed for all types of traffic from November 30 to March 30, 2014. The route will remain close due to heavy snow fall at Khunjerav Pass during the winters.

Usually the Pak-China border closes on December 31 and reopens on May 01. This year the border has closed one months earlier.

The last cap of consignments reach Sost today. Whereas the Pak-China Sost Dry Port will remain open till December 4, 2013.

According to a source that the volume of trade between Pakistan and China was comeratively higer than the past three years. Which was low after the blockage of KKH at Attabad, Hunza.

Chinese containers standing at Pak China Sost Dry Port, waiting for custom clearance. Image: Farhat

Chinese container standing at Pak China Sost Dry Port, waiting for custom clearance. Image: Farman Ali Tajik

 

Year 2013-14: Rs826m G-B council budget presented


The annual budget of Gilgit-Baltistan Council worth Rs826 million against revenue target of Rs543 million was presented for the year 2013-14 at Ministry of Kashmir Affairs and Gilgit-Baltistan (G-B) on Friday.

ImageThe deficit will be met through federal grants, Minister for Kashmir Affairs and G-B Chaudhry Barjees Tahir said while unveiling the budget. G-B Governor Pir Karam Ali Shah as the vice chairman of G-B Council chaired the session.

The budget will be passed in the next session on November 26, which Prime Minister Nawaz Sharif will preside as chairman of the council.

Out of the total outlay, an amount of Rs325 million was allocated for development spending and the remaining for current expenditures. Continue reading

3 days of constitutive Strike at Pak China Sost Dry Port finally ended


By :Farhat Ullah Baig

Sost, Gojal: Giligit-Baltistan Chamber of Commerce and Industries (GBCCI), Gilgit-Baltistan Importer and Exporter Association (GBIEA) and Custom Clearance Agency Associations strike come to an end today here at Pak China Sost Dry Port. They were on strike from last three days.

According to Importers and Exporters, Pakistan Customs as agreed to reduce the taxes rate  of up to 30 Percent on the Imported Items/Goods. The Pakistan Customs authorities have urged that the importers  to maintain the same Tax Rate till the end of closure of Sino-Pak Boarder.

Chairman Pak-China Sost Dry Port Co. visit Sost


By: Farman Ali Tajik

Recption to chairman PakChina Sost Port at Sost 2013 (10)Sost, Gojal:  Mr.Yuan Xia Mian chairman Pak-China Sost Dry Port Co. and directors of Sino Trans visit Sost today. the vice chairman Pak China Sost Dry Port Co. Ali Afsar received them at Khunjerav border; afterward the employs of PCSDPC offered a warm reception to the Chinese guests at Sost Dry port.

The delegation meet Pakistan Customs Authorities and discussed the cross border trade issues and focus on the strategies for the trade with the 5 central Asian countries. Yuan Xia Mian said “the duration of Pak China will be prolonged for 12 months after the reconnection of KKH at Attaabad.

On 14 of October the delegation will meet Chief Minister Gilgit Baltistan, Sayed Mehdi Shah Chinese ambassador and the administration of GB in Hunza.

The delegation had scheduled a meeting with the board of directors and trustees of Pak China Sost Dry Port Co on 15 of October.

For more pictural updates visit: facebook.com/sosttoday

Conflict rose on distribution of relief, the people of Gojal take Stay from Hunza Court


By: Farman Ali Tajik

1229942_569144853132170_801122786_nSost, Gojal (ST): Conflict rose among relief destitution committee and people of Gojal.  The conflict raised when NDMA and Administration of Hunza-Nagar introduced new formula for the distribution of the relief goods received from China for the affectees of Attaabad disaster.  According to the new formula the relief will be distributed to 457 households, who are directly affected by the disaster or who have lost their land. While the people of Gojal has rejected this formula and approached Hunza court for justice. They are demanding to restore the previous standard formula to be adopted for the distribution of the relief goods equally to the standard population of Gojal.

According to them the whole Tehsil of Gojal have been affected due the Attaabad Lake. All the people of Gojal deserve the relief and they are also agreeing to give preference to the direct affectees and IDPs. Hunza court has issued stay order till 3rd of this month, and ordered to stop the process of distribution of relief till the above mentioned date. The court has ordered the relief distribution committee, administration of Hunza Nagar and NDMA to review their decision.

Proposed Kashgar-Gwadar trade corridor


Pakistan-China-480x238LAHORE: Pakistan plans to establish industrial parks and economic zones along the proposed Kashgar-Gwadar trade corridor that will connect China’s western autonomous regions with Balochistan, official sources said on Thursday.

As per the alignment of Kashgar-Gwadar or Pak-China Motorway, this trade corridor will be around 2,000km long within the territory of Pakistan, crisscrossing snow-caped mountains, narrow valleys, lush green fields, sand dunes and dry hills. Continue reading

Importers and Exporters are on strike at Pak-China Sost Dry Port


By Farman Ali Tajik

Sost, Gojal: Gilgit Baltistan Chamber of commerce and industries, Importers and Exporters of GB and Clearing Agent of GB are on strike at Pak-China Sost Dry ports, Sost.

They demonstrated a protest and were are demanding for relaxation in  Custom duty, Income Tax and Sales Tax on Imported goods from China. And to give Security safety of loaded truck Goods from the way of Sost to Rawalpindi.

3rd China Eurasia Expo to be held in September 2013


By : A.Q Khan 

The expo is set to run from Sept. 2 to 7 in the northwestern Chinese city of Urumqi, capital of Xinjiang Uygur Autonomous Region, 33 countries and 10 multinational companies have confirmed their participation in the Expo.

Eleven countries, including Austria, Australia and India, will join the expo for the first tim..

The China-Eurasia Expo has become an important platform for Xinjiang to boost its regional advantages and accelerate its opening up to the world, said Shatyar Ablehet. Continue reading