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Pakistan » Business & Economy

IMF deposits $1.2bn in SBP: Ishaq Dar
Forex

IMF deposits $1.2bn in SBP: Ishaq Dar

  • During the week, Pakistan has received $4.2bn from different avenues including Saudi Arabia, UAE, and the Washington-based lender
  • SBA with IMF will now see two more reviews - in November and February
Updated 13 Jul, 2023 06:02pm
IMF announces staff-level agreement with Pakistan
Business & Economy

IMF announces staff-level agreement with Pakistan

  • Subject to Board approval, about $1.177bn will become available
  • IMF says Pakistan plans to undertake comprehensive review of anti-corruption institutions (including the National Accountability Bureau) to enhance effectiveness in investigating and prosecuting corruption cases
Updated 14 Jul, 2022 10:13am
Watch: PM Shehbaz Sharif's entire address on 10% super tax on large industries
Business & Economy

Watch: PM Shehbaz Sharif's entire address on 10% super tax on large industries

  • We intend to tax high income earners so that the entire nation can reap the benefit through education, health, infrastructure, skills education and IT uplift, he says
  • Tax will be applicable on cement, steel, sugar, oil and gas, fertiliser, LNG, textile, banks, automobile, beverages, chemicals, tobacco and airlines
  • Collection from this tax will be used to alleviate poverty in Pakistan
Updated 24 Jun, 2022 02:53pm
SPI up 1.42pc WoW
Business & Economy

SPI up 1.42pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended May 19, 2022 recorded an increase of 1.42 percent...
Published 21 May, 2022 04:34am
FIA Registers multi-billion Rupees fraud case against Bhojanis
Business & Economy

FIA Registers multi-billion Rupees fraud case against Bhojanis

The case has been registered at the Judicial Magistrate South-1 Karachi under Section 154 Code of Criminal Procedure. The case has been registered after a complaint was filed by Syed Tahir of Pak China Fertilizers Limited against Rafiq Bhojani and three others regarding illegal transfer of shares of M/s Pak China Fertilizers by fraudulent manner through electronic means by using fake electronic data, according to the FIA report.
Published 02 Jun, 2021 12:47pm
Sindh Police Conducts 3 Raids to Arrest Rafiq Bhojani in Fraud Case
Business & Economy

Sindh Police Conducts 3 Raids to Arrest Rafiq Bhojani in Fraud Case

The enquiry by the Secretary of the company started after receiving an alarming letter from shareholder of Pak China Fertilizer, National Fertilizer Corporation of Government of Pakistan, who hold 1,880,000 shares of Pak China Fertilizers Limited. In the letter addressed to the Company Secretary, NFC requested Company Secretary to reply and check on discrepancies in annual returns of company filing.
Published 08 May, 2021 10:20pm
SBP hopes to boost investment in Pakistan: Raza Baqir
Financial

SBP hopes to boost investment in Pakistan: Raza Baqir

  • As the third wave continues to disrupt economies worldwide, Pakistan’s economy has a lot going on in its favour this time, according to the Dr. Raza Baqir, Governor of the State Bank of Pakistan (SBP) in an online session with Nest I/O.
  • Dr. Raza Baqir explained how the country’s demographic profile, growing mobile penetration rate, and positive economic indicators, especially during the COVID-19 pandemic, have contributed to an increase in investments.
Published 01 May, 2021 10:34am
Service Global Footwear Ltd. planning IPO to raise $10 million for joint investment
Business & Economy

Service Global Footwear Ltd. planning IPO to raise $10 million for joint investment

  • Pakistan's largest shoe exporter, Service Global Footwear Ltd., has planned an initial public offering (IPO) to raise funds from the domestic market to invest in the parent company's tire joint-venture.
  • Service Global Footwear plans to use the IPO proceeds to buy about 20% stake in a joint venture set up by Service Industries and China’s Chaoyang Long March Tyre Co.
Updated 17 Mar, 2021 02:44pm
Punjab to continue business activities
Business & Economy

Punjab to continue business activities

Keeping in view the economic problems of the people, the Punjab government has decided to keep open and continue economy-based business activities in the province to protect people from the economic crunch.
Published 31 May, 2020 12:04am
SCA demands immediate anti-locust spray
Business & Economy

SCA demands immediate anti-locust spray

The Sindh Chamber of Agriculture (SCA) president Syed Miran Muhammad Shah, general secretary Zahid Bhurgari, vice president Nabi Bux and others have demanded the Sindh and federal governments to launch a fumigation drive through aircrafts against the locu
Published 31 May, 2020 12:04am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 119,476 tonnes of cargo comprising 102,138 tonnes of import cargo and 17,338 tonnes of export cargo including 3,011 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 30 May, 2020 12:06am
Powerloom industries facing crisis
Business & Economy

Powerloom industries facing crisis

Powerloom Industries, which was main livelihood of Faisalabad, has now been, reached to the edge of disaster due to severest ever liquidity crisis in the history of Pakistan, while a portion of small Power Looms of in size 56 inches had been sold out in K
Published 30 May, 2020 12:06am
PSDP 2019-2020: Government releases Rs 583.3 billion
Business & Economy

PSDP 2019-2020: Government releases Rs 583.3 billion

The federal government has released Rs 583.3 billion (83.21 percent) including Rs 121.24 billion foreign aid (94.5 percent) for various ongoing and new development projects under the Public-Sector Development Programme (PSDP) 2019-2020 against the total b
Published 30 May, 2020 12:06am
KP business community demands ending of lockdown
Business & Economy

KP business community demands ending of lockdown

The business community in Khyber Pakhtunkhwa here on Friday demanded ending of the lockdown and allowing of businesses to remain open 24/7 across the province. The demand was made during a video link meeting held here under the chairmanship of the SCCI pr
Published 30 May, 2020 12:06am
Activities of Karachi Port
Business & Economy

Activities of Karachi Port

The Karachi Port handled 48,298 tonnes of cargo comprising 32,938 tonnes of import cargo and 15,360 tonnes of export cargo including 1,970 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 29 May, 2020 12:05am
NKIDMC CEO concerned over violation of SOPs
Business & Economy

NKIDMC CEO concerned over violation of SOPs

Chief Executive Officer of North Karachi Industrial Development & Management Company (NKIDMC), Sadiq Muhammad, expressed deep concern over non-compliance of social distance and violation of SOPs by the public in the presence of deadly disease of coronavir
Published 28 May, 2020 12:03am
Fate of KPT chief tied to audit of stores, hospitals
Business & Economy

Fate of KPT chief tied to audit of stores, hospitals

The Federal Cabinet has reportedly linked action against Chairman KPT with the outcome of special audit of KPT stores and hospitals to be conducted by an audit firm selected through competitive tendering process, well-informed sources told Business Rec
Published 27 May, 2020 12:06am
FPCCI calls for making Azakhel Dry Port operational
Business & Economy

FPCCI calls for making Azakhel Dry Port operational

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for making the Azakhel Dry Port operational, increasing the number of railway bogies and allowing of the use of loose cargo for transportation of the Afghan transit trade good
Published 27 May, 2020 12:06am
LCCI announces Eid holidays
Business & Economy

LCCI announces Eid holidays

The Lahore Chamber of Commerce & Industry will remain closed from May 22 to 27 in connection with Eid-ul-Fitr. However, the Chamber working would be resumed on May 28 after holidays as usual.
Published 22 May, 2020 12:03am
Activities of Karachi Port
Business & Economy

Activities of Karachi Port

The Karachi Port handled 136,123 tonnes of cargo comprising 75,760 tonnes of import cargo and 60,363 tonnes of export cargo including 5,613 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 22 May, 2020 12:03am
Revival of 'No Tax No Refund' regime demanded
Business & Economy

Revival of 'No Tax No Refund' regime demanded

Former president of KCCI and patron of SITE Association of Industry Zubair Motiwala has drawn the attention of the federal government towards the difficulties being faced due to inability of fully automated sales tax refund system (FASTER) by five zero-ra
Published 22 May, 2020 12:03am
CM discusses Punjab budget, ADP
Business & Economy

CM discusses Punjab budget, ADP

Chief Minister Punjab Sardar Usman Buzdar here Thursday chaired a meeting about the provincial budget and annual development programme for the financial year 2020-21. Chairman P&D and Secretary Finance briefed the participants about the upcoming budget an
Published 22 May, 2020 12:03am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 131,933 tonnes of cargo comprising 90,059 tonnes of import cargo and 41,874 tonnes of export cargo including 5,281 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 21 May, 2020 12:09am
PIA, Reliance Petrochem Industries sign MoU
Business & Economy

PIA, Reliance Petrochem Industries sign MoU

Pakistan International Airlines (PIA) signed a Memorandum of Understanding (MoU) with Reliance Petrochem Industries Private Limited manufactures of "Reliance Handtizer" and "Reliance Surface Sanitizers"; these products will be used by PIA on board its fig
Published 20 May, 2020 12:05am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 70,950 tonnes of cargo comprising 47,946 tonnes of import cargo and 23,004 tonnes of export cargo including 2,641 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 20 May, 2020 12:05am
Daraz, HBL enter deal to fuel growth in SME sector
Business & Economy

Daraz, HBL enter deal to fuel growth in SME sector

Daraz and HBL have signed a strategic partnership agreement to enable the growth of Small and Medium Enterprises (SMEs) by inviting SMEs to set up online shops on Daraz, and avail HBL's extensive banking solutions to meet their financial needs. HBL is Pak
Published 20 May, 2020 12:05am
KE announces further relief for small businesses
Business & Economy

KE announces further relief for small businesses

In continuation of earlier relief measures on account of the COVID-19 crisis, K-Electric (KE) is facilitating Small and Medium Enterprises (SMEs) through pre-paid electricity bills under the "Chota Karobar-o-Sannat Imadadi package" announced by the Federa
Published 19 May, 2020 12:02am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 83,046 tonnes of cargo comprising 63,092 tonnes of import cargo and 19,954 tonnes of export cargo including 1,451 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday.
Published 19 May, 2020 12:02am
OICCI welcomes amendments to Companies Act 2017
Business & Economy

OICCI welcomes amendments to Companies Act 2017

The Overseas Investors Chamber of Commerce and Industry (OICCI), has felicitated the SECP on the Companies (Amendment) Ordinance, 2020 promulgated on April 30. The Chamber, along with other leading business association, has in the past challenged some of
Published 19 May, 2020 12:02am
Clear policy on export of medical equipment demanded
Business & Economy

Clear policy on export of medical equipment demanded

The federal government's indecisiveness and half-cocked policies may lead to the surrender of up to $ 2 billion worth of medical equipment including Persona Protective Equipments (PPEs) to neighbouring countries as domestic industry is not getting a posit
Published 18 May, 2020 12:06am
EMPG acquires Lamudi Global
Business & Economy

EMPG acquires Lamudi Global

EMPG, the parent company of Pakistan's largest real estate portal Zameen and one of the leading digital classifieds groups in the MENA, South Asia and Southeast Asia regions, has announced its acquisition of Lamudi Global, which has businesses in Philippi
Published 17 May, 2020 12:03am
APBF seeks further cut in interest rate
Business & Economy

APBF seeks further cut in interest rate

The representatives of business community have asked the government to take concrete steps to keep the industrial wheel moving and facilitate the businesses, which are playing a great role in providing jobs to the people and revenue to the government.
Published 17 May, 2020 12:03am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 111,936 tonnes of cargo comprising 77,621 tonnes of import cargo and 34,315 tonnes of export cargo including 5,602 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 16 May, 2020 12:07am
Ship breaking industry seeks tax relief
Business & Economy

Ship breaking industry seeks tax relief

The ship breaking industry is seeking tax relief from the federal and provincial governments to avoid complete collapse at a time when a number of industries are already passing through tough phase due to the coronavirus pandemic.
Published 16 May, 2020 12:07am
SSGC rejects allegations by NKATI president
Business & Economy

SSGC rejects allegations by NKATI president

This is with reference to a news item that appeared in today's issue of Business Recorder in which President North Karachi Association of Trade and Industry (NKATI) has urged Prime Minister Imran Khan to 'stop SSGC from "harassing" industrialists a
Published 16 May, 2020 12:07am
'Businesses cannot bear any additional tax'
Business & Economy

'Businesses cannot bear any additional tax'

President of Korangi Association of Trade & Industry (KATI), Sheikh Umer Rehan has said that economic condition had already been declining and after coronavirus crisis business community could not bear any single additional tax in upcoming budget. He ment
Published 16 May, 2020 12:07am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 119,306 tonnes of cargo comprising 79,329 tonnes of import cargo and 39,977 tonnes of export cargo including 7,877 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 15 May, 2020 12:05am
UBG seeks tax-free budget, special package
Business & Economy

UBG seeks tax-free budget, special package

United Business Group (UBG) has put forward a set of proposals to the government seeking tax free federal budget 2020-21 besides special package of incentives to accelerate the pace of economic activities in the wake of Corona pandemic. Unfolding the sali
Published 14 May, 2020 12:04am
MSCI announces outcome of semi-annual review
Business & Economy

MSCI announces outcome of semi-annual review

The Morgan Stanley Capital International (MSCI) has announced outcome of its Semi Annual Review (SAIR), whereby Pakistan now has a weight of 0.026 percent. Additionally, Pakistan's weight in the small cap index has been revised to 0.734 percent.
Published 14 May, 2020 12:04am
Traders, customers urged to strictly follow SOPs
Business & Economy

Traders, customers urged to strictly follow SOPs

President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has urged shopkeepers of each and every commercial market across Karachi to strictly adhere to all the Standard Operating Procedures (SOPs) during the ongoing shopping season o
Published 14 May, 2020 12:04am
Zameen parent company EMPG acquires Lamudi Global
Business & Economy

Zameen parent company EMPG acquires Lamudi Global

EMPG, the parent company of Pakistan's largest real estate portal Zameen and one of the leading digital classifieds groups in the MENA, South Asia and Southeast Asia regions, has announced its acquisition of Lamudi Global, which has businesses in Philippi
Published 14 May, 2020 12:04am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 100,551 tonnes of cargo comprising 74,326 tonnes of import cargo and 26,225 tonnes of export cargo including 5,833 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 14 May, 2020 12:04am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 107,641 tonnes of cargo comprising 87,919 tonnes of import cargo and 19,722 tonnes of export cargo including 3,735 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 13 May, 2020 12:07am
BoI to facilitate French firms
Business & Economy

BoI to facilitate French firms

"Board of Investment will facilitate French companies, through special interventions for creating linkages with major chambers and associations of trade and industry, in forming joint ventures with local and foreign companies and becoming part of global v
Published 13 May, 2020 12:07am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 67,508 tonnes of cargo comprising 48,055 tonnes of import cargo and 19,453 tonnes of export cargo including 3,082 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday.
Published 12 May, 2020 12:06am
REAP, LCCI congratulate Chela Ram Kewlani
Business & Economy

REAP, LCCI congratulate Chela Ram Kewlani

Rice Exporters Association of Pakistan (REAP) and the Lahore Chamber of Commerce & Industry (LCCI) has congratulated Chela Ram Kewlani, a leading rice exporter and businessman of Pakistan, on his appointment as Chairman Minorities Commission of Pakistan.
Published 12 May, 2020 12:06am
Masroor Mahmud appointed as GE's CEO for Pakistan
Business & Economy

Masroor Mahmud appointed as GE's CEO for Pakistan

GE has announced the appointment of Masroor Mahmud as its CEO for Pakistan. He is mandated with driving the company's growth in the country and aligning business strategy across all GE sectors with the government's vision for development.
Published 12 May, 2020 12:06am
FPCCI VP Roohi Rizwan passes away
Business & Economy

FPCCI VP Roohi Rizwan passes away

Roohi Rizwan, vice president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), passed away on Friday. Mian Anjum Nisar, president of the FPCCI, and other office-bearers and executive committee and general body members expressed thei
Published 10 May, 2020 12:02am
Confidence of SMEs has plunged: PBIF chief
Business & Economy

Confidence of SMEs has plunged: PBIF chief

President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain has said confidence of SMEs has plunged and will slide further due to economic slowdown. He said that ninety-six percent businesses fall under the SME category which should be baile
Published 10 May, 2020 12:02am
KPT offers extra space for storage of containers
Business & Economy

KPT offers extra space for storage of containers

Chairman Karachi Port Trust (KPT) Rear Admiral Jamil Akhtar has extended the offer to provide any extra space of KPT land for storage of containers if required by the terminal operators at no cost. Further he also assured the CEOs of private terminals to
Published 10 May, 2020 12:02am
NKATI chief urges Sindh CM to eliminate encroachments
Business & Economy

NKATI chief urges Sindh CM to eliminate encroachments

North Karachi Association of Trade & Industry(NKATI) president Nasim Akhtar has pointed out the growing illegal activities of land mafia in the industrial area and demanded Sindh Chief Minister Syed Murad Ali Shah and Local Government Minister Nasir Hussa
Published 10 May, 2020 12:02am
KP-EZDMC opens Industrial Facilitation Centre
Business & Economy

KP-EZDMC opens Industrial Facilitation Centre

Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC) opened its first Industrial Facilitation Centre (IFC) at Hayatabad Economic Zone; Special Assistant to KP CM on Industries and Commerce, Abdul Karim Khan inaugurated the centr
Published 09 May, 2020 12:06am
PM urged to cut power tariff
Business & Economy

PM urged to cut power tariff

Patron-in-Chief Siraj Kassam Teli, Patron Zubair Motiwala and President Suleman Chawla of SITE Association of Industry have urged Prime Minister Imran Khan to order immediate cut of 30 percent in the tariff of K-Electric in the wake of lowest oil prices l
Published 09 May, 2020 12:06am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 72,826 tonnes of cargo comprising 65,084 tonnes of import cargo and 7,742 tonnes of export cargo including 3,836 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 09 May, 2020 12:06am
Business community welcomes ease in lockdown
Business & Economy

Business community welcomes ease in lockdown

Welcoming the government's decision to ease lockdown by allowing the opening of small markets, shops and allied industries of construction sector across the country, the representatives of business community said on Friday that the decision would reduce t
Published 09 May, 2020 12:06am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 91,065 tonnes of cargo comprising 48,974 tonnes of import cargo and 42,091 tonnes of export cargo including 6,290 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 08 May, 2020 12:05am
Razzak, Uzbek Deputy PM discuss enhancement of trade
Business & Economy

Razzak, Uzbek Deputy PM discuss enhancement of trade

Abdul Razzak Dawood, Advisor to the Prime Minister on Commerce and Investment, had a conference call with Uzbek Deputy Prime Minister, Sardor Umurzakov,. Uzbek Ambassador to Pakistan, Furqat Sidikov, also joined the meeting in Ministry of Commerce, Islama
Published 08 May, 2020 12:05am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 99,145 tonnes of cargo comprising 66,458 tonnes of import cargo and 32,687 tonnes of export cargo including 6,280 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 07 May, 2020 12:02am
Cement dispatches decline by 23.65pc in April
Business & Economy

Cement dispatches decline by 23.65pc in April

Cement dispatches in the country have declined in April 2020 by 23.65 percent to 3.52 million tons from 4.61 million tons in April 2019 as both exports and domestic markets crashed owing to the devastating impact of COVID-19.
Published 07 May, 2020 12:02am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 70,380 tonnes of cargo comprising 65,739 tonnes of import cargo and 4,641 tonnes of export cargo including 2,151 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 06 May, 2020 12:04am
Getz Pharma launches 'Care for Heroes' drive
Business & Economy

Getz Pharma launches 'Care for Heroes' drive

Getz Pharma under its "Care for Heroes" initiative to combat corona virus in healthcare facilities, is disinfecting over 8,000 clinics, 650 hospital wards and conducting free screening tests of more than 25,000 doctors across Pakistan.
Published 06 May, 2020 12:04am
PM urged to reduce power tariffs
Business & Economy

PM urged to reduce power tariffs

President of Korangi Association of Trade & Industry (KATI), Sheikh Umer Rehan, has urged Prime Minister Imran Khan to reduce electricity tariff to 30 percent as oil prices has been reduced locally and internationally.
Published 06 May, 2020 12:04am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 30,588 tonnes of cargo comprising 23,746 tonnes of import cargo and 6,842 tonnes of export cargo including 1,848 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday.
Published 05 May, 2020 12:06am
EFP voices concern over ban on export of edibles
Business & Economy

EFP voices concern over ban on export of edibles

Employers Federation of Pakistan (EFP) president and Economic Council chairman Ismail Suttar has recorded protest on the recent ban on food edibles for two weeks by the Prime Minister Imran Khan and the cabinet and demanded to lift the ban in favour of co
Published 05 May, 2020 12:06am
PM, Ethiopian counterpart discuss debt relief matters
Business & Economy

PM, Ethiopian counterpart discuss debt relief matters

Prime Minister Imran Khan, today, held a telephone conversation with Prime Minister Abiy Ahmed Ali of Ethiopia, said a press release issued on Monday. In the context of Pakistan's "Engage Africa" policy, the prime minister emphasized the importance of clo
Published 05 May, 2020 12:06am
Shaista Bano assumes charge as CCP chairperson
Business & Economy

Shaista Bano assumes charge as CCP chairperson

Shaista Bano Gillani has taken charge as the Chairperson, Competition Commission of Pakistan (CCP). The Finance Division on Monday issued a notification after the federal cabinet in its meeting held on 28 April 2020 approved the appointment of Shaista Ban
Published 05 May, 2020 12:06am
BMP calls to revise 18th Amendment, NFC Award
Business & Economy

BMP calls to revise 18th Amendment, NFC Award

Businessmen Panel (BMP) Secretary General (Federal) Ahmad Jawad has said 18th Amendment should be revised including NFC award so that the balance of powers could be streamlined including certain powers may be come back to Federation because public looks t
Published 04 May, 2020 12:07am
ABAD, Cap seek representation on CIDB
Business & Economy

ABAD, Cap seek representation on CIDB

The Constructors Association of Pakistan (CAP) and Association of Builders and Developers (ABAD) have urged the government to give representation to all stakeholders of the construction supply chain in the proposed Construction Industry Development Board
Published 03 May, 2020 12:05am
Traders seek opening of businesses
Business & Economy

Traders seek opening of businesses

Representatives of over 100 markets in the provincial metropolis at a "traders consultative moot" hosted by the Lahore Chamber of Commerce & Industry (LCCI) have urged the government to allow opening of markets and small industries immediately as prolonge
Published 03 May, 2020 12:05am
EMPG, OLX Group announce merger
Business & Economy

EMPG, OLX Group announce merger

Emerging Markets Property Group (EMPG), a leading property portal group in emerging markets, and OLX Group, Prosus's global classifieds business, have announced their merger in Pakistan, Egypt, Lebanon and the UAE.
Published 02 May, 2020 12:08am
ABAD for taking advantage of low prices of materials
Business & Economy

ABAD for taking advantage of low prices of materials

Mohsin Sheikhani, Chairman Association of Builders and Developers of Pakistan (ABAD), has called upon ever allied industry of construction to join hands to serve the people of this country and make Pakistan's economy strong through taking advantage of low
Published 02 May, 2020 12:08am
UPaisa offers funds' transfer facility to customers
Business & Economy

UPaisa offers funds' transfer facility to customers

UPaisa customers can now donate to Prime Minister's Corona Relief Fund and Shaukat Khanum with convenience through UPaisa's funds transfer facility. Donations can be sent to multiple organisations which are working for the relief of daily wage workers and
Published 02 May, 2020 12:08am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 130,235 tonnes of cargo comprising 65,556 tonnes of import cargo and 64,679 tonnes of export cargo including 7,849 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 01 May, 2020 12:54am
Government's package for SMEs hailed
Business & Economy

Government's package for SMEs hailed

Chairman Hyderabad SITE Association of Trade and Industry Mazhar-ul-Haq Choudhry on Thursday hailed the announcement of the Prime Minister's relief package for small business and ban on export of essential food item.
Published 01 May, 2020 12:54am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 128,948 tonnes of cargo comprising 100,620 tonnes of import cargo and 28,328 tonnes of export cargo including 7,384 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 30 Apr, 2020 12:07am
Engro Foundation to provide Rs20m to SKMCH&RC
Business & Economy

Engro Foundation to provide Rs20m to SKMCH&RC

Engro Foundation, the social investment arm of Engro Corporation, has committed to provide Rs 20 million in financial assistance to Shaukat Khanum Memorial Cancer Hospital and Research Centre to expand COVID-19 testing capacity across Southern Punjab and
Published 30 Apr, 2020 12:07am
PBIF chief for reopening of SMEs
Business & Economy

PBIF chief for reopening of SMEs

Pakistan Businessmen and Intellectual Forum (PBIF) president Mian Zahid Hussain has emphasised the need that small and medium businesses should be reopened on condition of following SOPs in letter and spirit so that they can escape bankruptcy.
Published 30 Apr, 2020 12:07am