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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
Uber pledges free rides for medical staff
Business & Economy

Uber pledges free rides for medical staff

Uber, the global ride-hailing platform that connects riders with drivers, has pledged free rides and deliveries in Pakistan specifically for frontline workers, including the medical staff of hospitals and local NGOs, in an effort to move what matters duri
Published 28 Apr, 2020 11:42pm
'SMEs should be given grants'
Business & Economy

'SMEs should be given grants'

Economic and financial analyst, Ateeq-ur-Rehman, has said that the SMEs and small businesses are the backbone of the economy, and they should be given grants as bailout packages to survive.
Published 28 Apr, 2020 11:42pm
SCCI welcomes support package for SMEs
Business & Economy

SCCI welcomes support package for SMEs

The Sarhad Chamber of Commerce and Industry president, Engineer Maqsood Anwar Pervaiz has welcomed the federal government announcement of Rs 50 billion support for Small and Medium Enterprises (SMEs).
Published 28 Apr, 2020 11:42pm
Ismail Suttar elected EFP president
Business & Economy

Ismail Suttar elected EFP president

Ismail Suttar was unanimously elected as the new president of Employers' Federation of Pakistan (EFP) following the resignation of Majyd Aziz. Meanwhile, Zaki Ahmed Khan will remain vice president while Majyd Aziz would continue to be the member of EFP Bo
Published 28 Apr, 2020 11:42pm
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 55,005 tonnes of cargo comprising 47,226 tonnes of import cargo and 7,779 tonnes of export cargo including 1,123 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 28 Apr, 2020 11:42pm
FWCCI compiling data
Business & Economy

FWCCI compiling data

Faisalabad Women Chamber of Commerce & Industry (FWCCI) is busy in compiling data of women entrepreneurs badly affected due to the prolonged corona related lockdown, said Qurrat-ul-Ain, President FWCCI here Tuesday.
Published 28 Apr, 2020 11:42pm
NKATI leaders laud relief package for SMEs
Business & Economy

NKATI leaders laud relief package for SMEs

North Karachi Association of Trade and Industry (NKATI) patron-in-chief Capt A Moiz Khan and president Naseem Akhtar have lauded package for small and medium-sized enterprises (SMEs) approved by the Economic Coordination Committee (ECC). would provide the
Published 28 Apr, 2020 12:54am
Activities at Karachi Port and Port Qasim
Business & Economy

Activities at Karachi Port and Port Qasim

The Karachi Port handled 32,449 tonnes of cargo comprising 21,500 tonnes of import cargo and 10,949 tonnes of export cargo including 1,404 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday.
Published 28 Apr, 2020 12:54am
Tea imports shrink 15.61 percent in 3 quarters
Business & Economy

Tea imports shrink 15.61 percent in 3 quarters

The tea imports into the country witnessed declined 15.61 percent during the first three quarters of the current fiscal year (2019-20) as against the same period of last fiscal year, Pakistan Bureau of Statistics (PBS) reported.
Published 27 Apr, 2020 02:51am
All Emirates Airlines staff to now don PPE
Business & Economy

All Emirates Airlines staff to now don PPE

Emirates Airlines is stepping up precautionary measures at the airport and on board to ensure the health and safety of its employees and customers. All cabin crew, boarding agents and ground staff in direct contact with passengers will now don personal pr
Published 25 Apr, 2020 09:49pm
IMC earns Rs 2,679 million in 3QFY20
Business & Economy

IMC earns Rs 2,679 million in 3QFY20

Indus Motor Company (IMC) has announced earnings of Rs 2,679 million in 3QFY20, declining by 20% year over year YoY basis. According to Topline, the earnings came in above industry expectations on the back of higher-than-expected gross Margin. Along with
Published 25 Apr, 2020 06:43am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 54,201 tonnes of cargo comprising 42,812 tonnes of import cargo and 11,389 tonnes of export cargo including 4,545 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 25 Apr, 2020 06:43am
PBIF chief seeks cut in oil price, electricity tariff
Business & Economy

PBIF chief seeks cut in oil price, electricity tariff

President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain has said oil prices have receded a lot reduction therefore government should reduce the price of oil and tariff of electricity. Cheap energy will promote production, exports and emp
Published 25 Apr, 2020 06:43am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 63,298 tonnes of cargo comprising 33,356 tonnes of import cargo and 29,942 tonnes of export cargo including 4,221 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 24 Apr, 2020 02:52am
Activities of Karachi Port
Business & Economy

Activities of Karachi Port

The Karachi Port handled 151,064 tonnes of cargo comprising 74,424 tonnes of import cargo and 76,640 tonnes of export cargo including 6,986 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 23 Apr, 2020 02:53am
CDWP approves 3 projects worth Rs 12.55 billion
Business & Economy

CDWP approves 3 projects worth Rs 12.55 billion

April 22, 2020:- The Central Development Working Party (CDWP) approved three projects at the cost of Rs12.55 billion and recommended two projects valued at Rs196.6 billion to the Executive Committee of the National Economic Council (ECNEC) for considerati
Published 23 Apr, 2020 02:53am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 72,979 tonnes of cargo comprising 43,569 tonnes of import cargo and 29,410 tonnes of export cargo including 3,276 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 22 Apr, 2020 02:52am
Prominent businessmen visit KKF
Business & Economy

Prominent businessmen visit KKF

Leaders of business community of Karachi visited Khidmat-e-Khalq Foundation (KKF) head office on Wednesday and appreciated its relief work in the wake of Coronavirus pandemic. Prominent businessmen Siraj Qasim Teli, Mian Zahid Husssai, Khurram Ijaz, Agha
Published 22 Apr, 2020 02:52am
Export strategy to be reprioritized: Dawood
Business & Economy

Export strategy to be reprioritized: Dawood

The government has decided to reprioritize the country's export strategy after evaluation of Covid-19 effects at the global level, especially big markets for Pakistani products. This was stated by Prime Minister's Advisor on Commerce and Investment, Abdul
Published 22 Apr, 2020 02:52am
SMEs deserve a stimulus package: PBIF
Business & Economy

SMEs deserve a stimulus package: PBIF

President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain has said downward spiral has affected all the sectors therefore all of them, including the small and medium enterprises, deserve a stimulus package.
Published 22 Apr, 2020 02:52am
KCCI office timing during Ramazan
Business & Economy

KCCI office timing during Ramazan

The Karachi Chamber of Commerce and Industry (KCCI) has announced its office timings during the holy month of Ramazan. For all working days except Friday, the office hours at the KCCI will be from 9:00am to 2:00pm while on Friday the office timings will b
Published 22 Apr, 2020 02:52am
Export of vegetables to Afghanistan urged
Business & Economy

Export of vegetables to Afghanistan urged

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for allowing export of vegetables to Afghanistan to mitigate the hardships of growers, agents and exporters and to earn foreign exchange for the country.
Published 21 Apr, 2020 03:03am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 161,504 tonnes of cargo comprising 100,355 tonnes of import cargo and 61,149 tonnes of export cargo including 2,600 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 21 Apr, 2020 03:03am
Chinese co donates masks to PCJCCI
Business & Economy

Chinese co donates masks to PCJCCI

Qingdao Overseas Economic Cooperation Association and Qingdao Investment Promotion Center of China have donated surgical face masks to Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) amid coronavirus spread in Pakistan.
Published 21 Apr, 2020 03:03am
NIT-Asset Allocation Fund launched
Business & Economy

NIT-Asset Allocation Fund launched

National Investment Trust Limited (NITL) has successfully launched its Asset Allocation Fund (NIT-AAF). Experienced Fund Managers of NIT Funds will allocate investments between Equity & Debt Markets as per market conditions to achieve competitive returns
Published 21 Apr, 2020 03:03am
PIA will revise fares of special flights
Business & Economy

PIA will revise fares of special flights

The management of Pakistan International Airline (PIA) is going to revise the fares of special flights being operated to bring back stranded Pakistanis to the homeland and expatriation of other citizens to their home countries.
Published 21 Apr, 2020 03:03am
New scheme to be launched for SMEs; Razak
Business & Economy

New scheme to be launched for SMEs; Razak

Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood said on Sunday the government is set to launch a scheme to support Small and Medium Enterprises (SMEs) to promote small businesses across the country.
Published 20 Apr, 2020 12:00am
BMP terms debt relief measures as positive step
Business & Economy

BMP terms debt relief measures as positive step

Secretary General (Federal) of the Businessmen Panel (BMP), Ahmad Jawad has said debt relief measures by G20 countries, the International Monetary Fund (IMF) and the World Bank (WB) for developing countries, including Pakistan providing one-year breather
Published 19 Apr, 2020 12:00am
PIA resumes relief flights to UK from today
Business & Economy

PIA resumes relief flights to UK from today

Pakistan International Airlines (PIA) is resuming its special relief flights to the United Kingdom (UK) from Sunday (today). The decision to resume flights to the UK was based on the demand of the expatriates intending to travel to and from Pakistan to re
Published 19 Apr, 2020 12:00am
Activities at Karachi Port
Business & Economy

Activities at Karachi Port

The Karachi Port handled 62,966 tonnes of cargo comprising 48,735 tonnes of import cargo and 14,231 tonnes of export cargo including 5,569 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 18 Apr, 2020 12:00am
FPCCI chief hails reduction in policy rate
Business & Economy

FPCCI chief hails reduction in policy rate

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Anjum Nisar has appreciated reduction in the policy rates by 2 percent from 11 percent to 9 percent by State Bank of Pakistan (SBP) in view of the current situation and
Updated 20 Apr, 2020 06:21am
Al-Ghazi Tractors resumes operations
Business & Economy

Al-Ghazi Tractors resumes operations

Al-Ghazi Tractors Limited has resumed its plant operations on Thursday. According to details, Al-Ghazi Tractors Limited has temporarily suspended its plant operations from March 27, 2020 in order to comply with the then directives of the governmental auth
Published 17 Apr, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 124,424 tonnes of cargo comprising 66,061 tonnes of import cargo and 58,363 tonnes of export cargo including 8,732 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 17 Apr, 2020 12:00am
Cut-off date for release of PSDP funds extended
Business & Economy

Cut-off date for release of PSDP funds extended

The Finance Division has extended the cut-off date for the release of Public Sector Development Programme (PSDP) funds as well as surrender of anticipated savings by the ministries and divisions for the current fiscal year in an effort to ensure maximum s
Published 16 Apr, 2020 12:00am
KP relaxes lockdown for various businesses
Business & Economy

KP relaxes lockdown for various businesses

The provincial government of Khyber Pakhtunkhwa on Wednesday notified relaxation of lockdown for various businesses across the province from Thursday (today) with adherence to precautionary measures as defined by the government.
Published 16 Apr, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 70,346 tonnes of cargo comprising 48,777 tonnes of import cargo and 21,569 tonnes of export cargo including 3,469 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 16 Apr, 2020 12:00am
All industries dependent on chemical industry: PCMA
Business & Economy

All industries dependent on chemical industry: PCMA

The Pakistan Chemical Manufacturers Association (PCMA) has warned the government that if chemical industry is not allowed to work, the whole industrial wheel across the country will come to a halt forcing million of the industrial workers to be jobless.
Published 15 Apr, 2020 12:00am
Activities of Karachi Port
Business & Economy

Activities of Karachi Port

The Karachi Port handled 29,893 tonnes of cargo comprising 21,303 tonnes of import cargo and 8,590 tonnes of export cargo including 1,738 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 15 Apr, 2020 12:00am
All sectors should be bailed out: PBIF chief
Business & Economy

All sectors should be bailed out: PBIF chief

President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain has said giving package to some sectors while leaving others at the mercy of the situation is not good policy as all the sectors are interlinked, and they should be bailed out toget
Published 15 Apr, 2020 12:00am
Interest-free loans for industrial units urged
Business & Economy

Interest-free loans for industrial units urged

President of Korangi Association of Trade and Industry (KATI) Sheikh Umer Rehan has urged the State Bank of Pakistan (SBP) to offer interest-free loans to the industrial units. Sheikh Umer Rehan mentioned that the SBP has rightly showed its concerns for
Published 14 Apr, 2020 12:00am
Coronavirus fallout worse for women: Shabnam Zafar
Business & Economy

Coronavirus fallout worse for women: Shabnam Zafar

Former vice president of the FPCCI and founder President of the Khairpur Chamber of Commerce and Industry, Shabnam Zafar, has said that the coronavirus fallout is worse for women than for men, therefore the vulnerable women should get special attention of
Published 14 Apr, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 156,800 tonnes of cargo comprising 116,875 tonnes of import cargo and 39,925 tonnes of export cargo including 524 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 14 Apr, 2020 12:00am
BMP suggests steps to recover Covid-19 hit economy
Business & Economy

BMP suggests steps to recover Covid-19 hit economy

Secretary General (Federal) of the Businessmen Panel (BMP), Ahmad Jawad said in light of the recent COVID-19 pandemic which has devastated not only the social fabric of the society but also the economies of the world, Pakistan is no exception.
Published 12 Apr, 2020 12:00am
President PBIF calls for stabilizing exchange rates
Business & Economy

President PBIF calls for stabilizing exchange rates

President Pakistan Businessmen and Intellectuals Forum minister Mian Zahid Hussain has said that steps should be taken to stabilize exchange rates otherwise it will add to debt and inflation while the business community will find it hard to plan for the f
Published 12 Apr, 2020 12:00am
What is an ETF and how it functions?
Business & Economy

What is an ETF and how it functions?

An Exchange Traded Fund (ETF) is an investment instrument that combines the tradability of shares with the investment attributes of an open-ended mutual fund. In essence, an ETF is a tradable fund that has the risk and return characteristics of a portfoli
Published 12 Apr, 2020 12:00am
Activities at Karachi Port
Business & Economy

Activities at Karachi Port

The Karachi Port handled 129,827 tonnes of cargo comprising 118,148 tonnes of import cargo and 11,679 tonnes of export cargo including 8,376 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 11 Apr, 2020 12:00am
Railways to launch 24 trains after approval
Business & Economy

Railways to launch 24 trains after approval

The Pakistan Railways (PR) is contemplating to launch 24 trains on up and down routes following end to lockdown due to coronavirus outbreak. However, this is still a proposal and it will be implemented after approval of the federal government.
Published 11 Apr, 2020 12:00am
LCCI chief meets CCPO, DC
Business & Economy

LCCI chief meets CCPO, DC

President of the Lahore Chamber of Commerce & Industry Irfan Iqbal Sheikh had a joint meeting with Capital City Police Officer (CCPO) Zulfiqar Hameed and Deputy Commissioner Lahore Danish Afzal at the CCOP office on Friday to discuss a strategy and implem
Published 11 Apr, 2020 12:00am
Umar launches Mobile Utility Store Service
Business & Economy

Umar launches Mobile Utility Store Service

Minister for Planning, Development and Special Initiatives Asad Umar on Friday inaugurated the "Mobile Utility Store Service" (MUSS) for providing relief to the people due to market closures and lockdown in the country.
Published 11 Apr, 2020 12:00am
Car dealers for reopening showrooms
Business & Economy

Car dealers for reopening showrooms

After the Punjab government allowed some traders and industries to operate despite the lockdown, the Lahore Car Dealers Federation has demanded of the government to also allow them to work by adopting precautionary measures.
Published 10 Apr, 2020 12:00am
Activities at Karachi and Port Qasim Ports
Business & Economy

Activities at Karachi and Port Qasim Ports

The Karachi Port handled 114,433 tonnes of cargo comprising 96,955 tonnes of import cargo and 17,478 tonnes of export cargo including 8,126 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 10 Apr, 2020 12:00am
KP business community for strategy to end lockdown
Business & Economy

KP business community for strategy to end lockdown

The business community of Khyber Pakhtunkhwa has urged upon both federal and provincial governments to convene a consultative meeting of all stakeholders to prepare a comprehensive strategy for ending lockdown announced in the country to prevent the outbr
Published 10 Apr, 2020 12:00am
foodpanda's monetary help for riders' fleet
Business & Economy

foodpanda's monetary help for riders' fleet

A lockdown has been imposed in Sindh from 23rd March, causing millions to stay indoors including daily wagers, during the outbreak of coronavirus (COVID-19). Considering the rise of COVID-19 cases across the country, foodpanda, stands by its heroes during
Published 10 Apr, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 112,390 tonnes of cargo comprising 68,840 tonnes of import cargo and 43,550 tonnes of export cargo including 7,592 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 09 Apr, 2020 12:00am
Ex-FPCCI chief demands special package for industries
Business & Economy

Ex-FPCCI chief demands special package for industries

The Secretary-General of the United Business Group (UBG) and former president of the FPCCI, Zubair Tufail, has urged Prime Minster Imran Khan to announce special incentive package for all the industries similar to the package announced recently for the co
Published 09 Apr, 2020 12:00am
APMSPIDA spells out its demands
Business & Economy

APMSPIDA spells out its demands

The Patron-in-Chief of the All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSPIDA), Faisal Khalil, has urged the federal government to direct the utility companies to give a waiver of bills payment to shops and houses at least for
Published 08 Apr, 2020 12:00am
SCCI slams crackdown on Quetta arms factory
Business & Economy

SCCI slams crackdown on Quetta arms factory

President of the Sarhad Chamber of Commerce and Industry, Maqsood Anwar Pervaiz, has expressed resentment over crackdown on arms manufacturing factory located in the small industrial estate on Kohat Road and arrest of people.
Published 08 Apr, 2020 12:00am
MoI&P: Dawood's nameplate removed
Business & Economy

MoI&P: Dawood's nameplate removed

After Abdul Razak Dawood, Prime Minister's Advisor, was replaced by Hammad Azhar his nameplate has been removed and the new nameplate will be in place in a day or two, sources told Business Recorder.
Published 08 Apr, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 48,247 tonnes of cargo comprising 34,990 tonnes of import cargo and 13,257 tonnes of export cargo including 2,327 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 08 Apr, 2020 12:00am
BBA demands ban on duty-free import of milk powder
Business & Economy

BBA demands ban on duty-free import of milk powder

Buffalo Breeders Association (BBA) Pakistan has urged the federal government for reviewing the decision of permitting the duty-free import of milk powder and taking livestock and dairy farmers, most of them very poor and very powerless, in the fold of you
Published 08 Apr, 2020 12:00am
PALPA threatens to stop cooperating with PIA
Business & Economy

PALPA threatens to stop cooperating with PIA

Pakistan Air Line Pilots Association (PALPA) has threatened to withdraw all cooperation with the management of Pakistan International Airlines (PIA) if federal minister for aviation Ghulam Sarwar Awan did not intervene to ensure protective measures for th
Published 07 Apr, 2020 12:00am
NKATI leaders urge government to give soft loans
Business & Economy

NKATI leaders urge government to give soft loans

A. Moiz Khan and Nasim Akhtar, patron-in-chief and president respectively of the North Karachi Association of Trade and Industry (NKATI), have urged the government to protect workers' jobs and save them from starvation by providing soft loans to the expor
Published 07 Apr, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 216,239 tonnes of cargo comprising 59,168 tonnes of import cargo and 157,071 tonnes of export cargo including 2,549 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 07 Apr, 2020 12:00am
PCMA for exempting chemical industry from Section 144
Business & Economy

PCMA for exempting chemical industry from Section 144

The chemical industry has urged the provincial governments of Punjab and Sindh to exempt chemical manufacturing units from Section-144, otherwise production of over 23 essential items including exportable products of textile, garments and leather industri
Published 07 Apr, 2020 12:00am
PPDWP approves 'Punjab Rozgaar Scheme'
Business & Economy

PPDWP approves 'Punjab Rozgaar Scheme'

The Punjab Provincial Development Working Party (PPDWP) here on Friday approved 'Punjab Rozgaar Scheme' and allocated a sum of Rs 9500 million to the Punjab Small Industries Corporation (PSIC) as implementing agency.
Published 04 Apr, 2020 12:00am
Activities of Karachi Port
Business & Economy

Activities of Karachi Port

The Karachi Port handled 121,654 tonnes of cargo comprising 95,016 tonnes of import cargo and 26,638 tonnes of export cargo including 7,241 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 04 Apr, 2020 12:00am
Trade and industry badly affected by Covid-19: PCDMA
Business & Economy

Trade and industry badly affected by Covid-19: PCDMA

Chairman, Pakistan Chemicals & Dyes Merchants Association (PCDMA) and former director, Karachi Stock Exchange, Amin Yusuf Balgamwala has said that coronavirus epidemic had affected not only people but trade & industry also very badly, while business is on
Published 04 Apr, 2020 12:00am
NKATI members say no to average billing mechanism
Business & Economy

NKATI members say no to average billing mechanism

North Karachi Association of Trade and Industry (NKATI) President Muhammad Nasim Akhtar has said that the members of the association have refused to pay ad-hoc bills on average billing and demanded of K-Electric to generate the bills according to the unit
Published 04 Apr, 2020 12:00am
PO's mail delivery system continues unbated
Business & Economy

PO's mail delivery system continues unbated

Pakistan Post continues to deliver mail across the country with all its 13,000 departmental offices operational while it has stopped the mail delivered by air and railways in line with the federal government's decision to stop aerial and railways operatio
Published 03 Apr, 2020 12:00am
Two PIA flights carrying Canadians off to Toronto
Business & Economy

Two PIA flights carrying Canadians off to Toronto

Two flights of Pakistan International Airlines (PIA) carrying Canadians on Thursday left for Toronto from Karachi and Lahore. According to details, the flight operation was resumed on the request of Canadian government to fly back its citizens stranded in
Published 03 Apr, 2020 12:00am
SCCI to provide 40 isolation rooms, 10 ventilators
Business & Economy

SCCI to provide 40 isolation rooms, 10 ventilators

President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Ashraf Malik discussed, matters pertaining to prevailing COVID-19 pandemic, here last evening with Provincial Minister of Special Education Punjab Chaudhry Mohammed Akhlaq, Commissioner Gu
Published 03 Apr, 2020 12:00am
People throng banks to get salaries, pensions
Business & Economy

People throng banks to get salaries, pensions

After remaining confined to homes for over a week and running short of money, a large number of people, particularly elderly persons, were seen standing shoulder-to-shoulder in queues outside various banks for the withdrawal of pensions and salaries in th
Published 03 Apr, 2020 12:00am
Activities at Karachi Port and Port Qasim
Business & Economy

Activities at Karachi Port and Port Qasim

The Karachi Port handled 78,427 tonnes of cargo comprising 44,100 tonnes of import cargo and 34,327 tonnes of export cargo including 5,069 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 03 Apr, 2020 12:00am
Activities at Karachi Ports and Port Qasim
Business & Economy

Activities at Karachi Ports and Port Qasim

The Karachi Port handled 117,881 tonnes of cargo comprising 65,226 tonnes of import cargo and 52,655 tonnes of export cargo including 7,140 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 02 Apr, 2020 12:00am
FPCCI urges PM to form ZTBL's BoD
Business & Economy

FPCCI urges PM to form ZTBL's BoD

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged Prime Minister Imran Khan to constitute the Board of the Directors of the Zarai Taraqiati Bank Limited (ZTBL) as there is no board since years.
Published 02 Apr, 2020 12:00am
Bilour seeks special relief package for small traders
Business & Economy

Bilour seeks special relief package for small traders

The United Business Group (UBG) senior leader Ilyas Ahmad Bilour has demanded of the government to immediate announce a special relief package for small traders and shopkeepers whose businesses have adversely affected due to closure of markets, commercial
Published 02 Apr, 2020 12:00am
Railways extends suspension of passenger trains
Business & Economy

Railways extends suspension of passenger trains

The Pakistan Railways (PR) has extended the suspension of all passenger trains which was expiring at 12:00 midnight till further order. Extending the notification earlier issued, Chairman Railways Habib-ur-Rehman said that the passengers, who had booked t
Published 01 Apr, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 71,018 tonnes of cargo comprising 33,718 tonnes of import cargo and 37,300 tonnes of export cargo including 2,584 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 01 Apr, 2020 12:00am
Activities at Karachi Port and Port Qasim
Business & Economy

Activities at Karachi Port and Port Qasim

The Karachi Port handled 68,814 tonnes of cargo comprising 36,939 tonnes of import cargo and 31,875 tonnes of export cargo including 3,187 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday.
Published 31 Mar, 2020 12:00am
Businessmen want substantial package: FEBR
Business & Economy

Businessmen want substantial package: FEBR

The business community has expressed dissatisfaction over the financial package announced by the government to cope with the challenges posed by coronavirus, saying it must have taken more steps to give maximum relief to the poverty-stricken people.
Published 31 Mar, 2020 12:00am
PepsiCo launches 'Million of Meals' programme
Business & Economy

PepsiCo launches 'Million of Meals' programme

PepsiCo Pakistan Monday announced launching of 'Million of Meals' programme, an emergency disaster relief package, to meet essential nutrition needs of impacted people all over the country.Through this programme, PepsiCo is partnering with reputed charita
Published 31 Mar, 2020 12:00am
PM's relief package welcomed
Business & Economy

PM's relief package welcomed

A former vice president of the Federation of Pakistan Chambers of Commerce and Industry, Tariq Halim, and a former president of the Khairpur Chamber of Commerce, Shabnam Zafar, have welcomed Prime Minister Imran Khan's relief package of Rs880 billion anno
Published 29 Mar, 2020 12:00am
Wholesale chemists apprehend shortage of drugs
Business & Economy

Wholesale chemists apprehend shortage of drugs

President Wholesale Chemist of Pakistan Atif Blu on Saturday appealed not to halt transportation of medicines due to lockdown amid coronavirus outbreak. Atif Blu asked the government to allow wholesalers and the retailers to come to the market and not to
Published 29 Mar, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 115,570 tonnes of cargo comprising 82,603 tonnes of import cargo and 32,967 tonnes of export cargo including 6,888 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 28 Mar, 2020 12:00am
BMP voices concern over rising dollar
Business & Economy

BMP voices concern over rising dollar

Secretary-General of the Businessmen Panel (BMP), Ahmad Jawad, has said trade bodies must alert the economic managers on the rising cost of dollar "as with devaluation, there is inflation. When there is inflation, your disposable income vanishes, which af
Published 28 Mar, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 155,507 tonnes of cargo comprising 116,869 tonnes of import cargo and 38,638 tonnes of export cargo including 7,674 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 27 Mar, 2020 12:00am
Imported goods start piling up at ports
Business & Economy

Imported goods start piling up at ports

Lack of coordination between federal and provincial governments over the COVID-19 preventive measures, Karachi ports is about to choke with arriving consignments, due to absence of transport service during the lockdown.
Published 27 Mar, 2020 12:00am
KCCI's membership date extended
Business & Economy

KCCI's membership date extended

Referring to a notification issued by Directorate General of Trade Organizations (DGTO), the spokesman of Karachi Chamber of Commerce & Industry (KCCI) has informed that the last date for renewal of KCCI's membership has been extended from March 31, 2020
Published 27 Mar, 2020 12:00am
EV policy draft circulated among stakeholders
Business & Economy

EV policy draft circulated among stakeholders

The Engineering Development Board (EDB) Thursday circulated the draft Electric Vehicle (EV) policy 2020-25 amongst stakeholders after facing harsh criticism in the Cabinet on March 25, 2020, well-informed sources told Business Recorder.
Published 27 Mar, 2020 12:00am
PDF to distribute food packages among 300 families
Business & Economy

PDF to distribute food packages among 300 families

Pakistan Development Foundation (PDF) joining war against coronavirus on Thursday decided to distribute ration and food packages among poor and destitute families. Chairman PDF Bilal Sethi told media here that initially ration would be distributed among 3
Published 27 Mar, 2020 12:00am
Punjab CS orders free movement of goods transport
Business & Economy

Punjab CS orders free movement of goods transport

Punjab Chief Secretary Azam Suleman Khan has directed the district management across the province to ensure free movement of goods transport to province as well as districts to maintain supply of daily use commodities. The chief secretary was briefed that
Published 26 Mar, 2020 12:00am
BTW launches flagship store in Rawalpindi
Business & Economy

BTW launches flagship store in Rawalpindi

By The Way - an emergent, avant-garde fashion house opened their store in the Saddar area of Rawalpindi. This premier event opened doors for the people of Rawalpindi to view the brands outstanding, contemporary clothing and accessories available at afford
Published 26 Mar, 2020 12:00am
SCCI chief for special monetary package for SMEs
Business & Economy

SCCI chief for special monetary package for SMEs

The business community in Khyber Pakhtunkhwa here on Wednesday hailed the PM financial relief package and demanded to extend same special monetary package for small medium enterprises (SMEs) sector, which also adversely affected in wake of coronavirus pan
Published 26 Mar, 2020 12:00am
Paapam offers manufacturing of medical equipment
Business & Economy

Paapam offers manufacturing of medical equipment

The Pakistan Association of Auto parts and Accessories Manufacturers (Paapam) in a letter to the Engineering Development Board offered manufacturing facilities/expertise to develop miscellaneous medical equipment including ventilators.
Published 26 Mar, 2020 12:00am
Rs 100 billion package for SMEs demanded
Business & Economy

Rs 100 billion package for SMEs demanded

Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain has urged the government to bring down the interest rate to zero as long as the coronavirus crisis lasts while the SME sector and traders should also be given loans on zero i
Published 26 Mar, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 154,863 tonnes of cargo comprising 119,280 tonnes of import cargo and 35,583 tonnes of export cargo including 7,591 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 26 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 199,944 tonnes of cargo comprising 166,376 tonnes of import cargo and 33,568 tonnes of export cargo including 2,662 loaded and empty containers during the last 48 hours ending at 0700 hours on Tuesday.
Published 25 Mar, 2020 12:00am
Feedback on expected economic package sought
Business & Economy

Feedback on expected economic package sought

Patron-in-Chief of United Business Group (UBG) and former President of FPCCI, S M Muneer, has said that the coronavirus has had adverse effects on the economy, and to counter these effects, Prime Minister Imran Khan is going to be announcing a special eco
Published 24 Mar, 2020 12:00am
PIA bans meal service in domestic flights
Business & Economy

PIA bans meal service in domestic flights

Pakistan International Airlines (PIA) on Sunday banned meal service in all domestic flights in order to contain the spread of COVID-19. In a statement issued here, PIA Flight Services General Manager Amir Bashir, said that the decision was taken in the be
Published 23 Mar, 2020 12:00am
KCCI to remain closed from 24th to 29
Business & Economy

KCCI to remain closed from 24th to 29

Keeping in view the outbreak of the coronavirus, the Chairman of the Businessmen Group, Siraj Kassam Teli, and the office-bearers and managing committee members of the Karachi Chamber of Commerce and Industry (KCCI) have decided to shut down KCCI for one
Published 22 Mar, 2020 12:00am
Call for a plan to stimulate economy
Business & Economy

Call for a plan to stimulate economy

Economic & Financial Analyst Ateeq-ur-Rehman has said that until the rooting out of this invisible enemy, COVID 19, the economy and all kinds of supply chains of our country will be complicated. This is a pandemic.
Published 21 Mar, 2020 12:00am
Advisory for factory owners
Business & Economy

Advisory for factory owners

The Chairman Hyderabad SITE Association of Trade and Industry Mazhar-ul-Haq Choudhry has advised the mill and factory owners to ensure availability of sufficient stock of masks and sanitizers for their workers as precautionary measures against Coronavirus
Published 21 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 106,378 tonnes of cargo comprising 89,941 tonnes of import cargo and 16,437 tonnes of export cargo including 4,700 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 21 Mar, 2020 12:00am
Japan opens its doors for skilled labourers
Business & Economy

Japan opens its doors for skilled labourers

Japanese Government as development partner of Pakistan opened its industrial sector for Pakistani skilled labour against salary packages equal to Japanese employees. In a media talk, Deputy Chief of Mission Embassy of Japan Shindo Yusuke said that the Gov
Published 20 Mar, 2020 12:00am
Decision to withdraw ISPA not ours: K-Electric
Business & Economy

Decision to withdraw ISPA not ours: K-Electric

KE is a responsible corporate entity and follows due process in every aspect of its operations. As such, the withdrawal of Industrial Support Package (ISPA) from July 2019 to December 2019 in the bills issued to industrial consumers is in accordance with
Published 20 Mar, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 146,708 tonnes of cargo comprising 109,957 tonnes of import cargo and 36,751 tonnes of export cargo including 7,003 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 20 Mar, 2020 12:00am
IMC launches Toyota Yaris
Business & Economy

IMC launches Toyota Yaris

Indus Motor Company (IMC) has launched all-new Toyota Yaris at an attractive price starting at PKR 2.349 million. The company has commenced bookings of its new vehicle from March 19, 2020.
Published 20 Mar, 2020 12:00am
Saarc CCI ceremony postponed
Business & Economy

Saarc CCI ceremony postponed

The formal ceremony for handing over the presidency of SAARC Chamber of Commerce and Industry (CCI) to Pakistan from Sri Lanka, which was scheduled to be held in the last week of March in Islamabad has been postponed due to COVID 19.
Published 20 Mar, 2020 12:00am
What economic impact will COVID-19 bring to China?
Business & Economy

What economic impact will COVID-19 bring to China?

China has suffered economic strike from the COVID-19 during last two months or so. With the concern of the epidemic going out of control growing, people worried that China's economy, which stays in the period of traditional growth drivers being replaced b
Published 20 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 177,915 tonnes of cargo comprising 100,379 tonnes of import cargo and 77,536 tonnes of export cargo including 7,107 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of
Published 19 Mar, 2020 12:00am
APA&AA team meets Omar Hamid
Business & Economy

APA&AA team meets Omar Hamid

A delegation of All Pakistan Audit and Accounts Association (combined) met the Special Secretary Finance Omar Hamid Khan on their request to highlight issues on account of promotions and increase in salary/allowances, said a press release on Wednesday.
Published 19 Mar, 2020 12:00am
FDA seeks approval to declare 21 roads as commercial
Business & Economy

FDA seeks approval to declare 21 roads as commercial

The Faisalabad Development Authority (FDA) has forwarded summary to Punjab government for seeking approval to declare the 21 roads of some residential colonies under FDA control as commercial. This was informed by Director General FDA Muhammad Suhail Khaw
Published 19 Mar, 2020 12:00am
Five unapproved housing schemes sealed
Business & Economy

Five unapproved housing schemes sealed

Under the directions of Director General FDA Muhammad Suhail Khawaja, the enforcement team of FDA has sealed five unapproved housing schemes in different localities and demolished illegal constructions besides taking the machinery into custody from the sp
Published 19 Mar, 2020 12:00am
US retail sales post biggest drop in a year
Business & Economy

US retail sales post biggest drop in a year

US retail sales fell by the most in more than a year in February and the coronavirus pandemic is expected to depress sales in the months ahead, which could strengthen economists' expectations of a consumer-led recession by the second quarter.
Published 18 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 101,994 tonnes of cargo comprising 74,407 tonnes of import cargo and 27,587 tonnes of export cargo including 5,490 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 18 Mar, 2020 12:00am
ICMAP, ACCA enter into strategic partnership
Business & Economy

ICMAP, ACCA enter into strategic partnership

Institute of Cost Management Accountants of Pakistan (ICMA Pakistan) and ACCA (the Association of Chartered Certified Accountants) have entered a strategic partnership agreement focusing on greater collaboration between both the accounting bodies and crea
Published 18 Mar, 2020 12:00am
SCCI flays frequent power outages in Peshawar
Business & Economy

SCCI flays frequent power outages in Peshawar

The Sarhad Chamber of Commerce and Industry (SCCI) has expressed resentment over excessive electricity loadshedding in the Small Industrial Estate, Kohat Road, Peshawar. The issue was raised during a meeting with a delegation of Small Industrial Estate wh
Published 18 Mar, 2020 12:00am
Panic buying witnessed in Karachi
Business & Economy

Panic buying witnessed in Karachi

Buying panic witnessed at grocery stores and retail outlets across the city in the backdrop of reported closure of markets due to sharp increases in the number of Covid-19 cases in the province. The fear has gripped citizens following rumors about the pos
Published 18 Mar, 2020 12:00am
PIEDMC to implement preventive measures in factories
Business & Economy

PIEDMC to implement preventive measures in factories

To deal with the situation arising out of the Coronavirus pandemic, the Punjab Industrial Estates Development and Management Company (PIEDMC) has resolved to launch a campaign to implement preventive measures in all the factories operating in different in
Published 18 Mar, 2020 12:00am
Lower crude drives down petrochemical prices
Business & Economy

Lower crude drives down petrochemical prices

The petrochemical chain pricing largely followed the direction of crude oil prices during the week tapering down over 10 percent across varied feedstock, analysts said. Resultantly, PolyVinyl Chloride (PVC) and Polyester Staple Fibre (PSF) margins leapt h
Published 18 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 141,691 tonnes of cargo comprising 80,037 tonnes of import cargo and 61,654 tonnes of export cargo including 2,969 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 17 Mar, 2020 12:00am
4th women handicraft bazaar held in Peshawar
Business & Economy

4th women handicraft bazaar held in Peshawar

Forth women handicraft bazaar was organised with aim to build market linkages and promote their manufacturing products in a befitting manner. The event was jointly organized by Women Chamber of Commerce and Industry (WCCI) Peshawar and Government Polytech
Published 16 Mar, 2020 12:00am
TCKP employees for implementing PHC's ruling
Business & Economy

TCKP employees for implementing PHC's ruling

Employees of the Tourism Corporation Khyber Pakhtunkhwa (TCKP) has demanded the implementation of the ruling of Peshawar High Court in the Tourism Authority case. This has been demanded by the employees while talking to this scribe here Sunday.
Published 16 Mar, 2020 12:00am
Javed Iqbal Khattak named as CEO EZDMC
Business & Economy

Javed Iqbal Khattak named as CEO EZDMC

The provincial cabinet of Khyber Pakhtunkhwa has approved the appointment of the renowned expert on industries and SME sector, Javed Iqbal Khattak for the post of Chief Executive Officer (CEO), Khyber Pakhtunkhwa Economic Zones Development and Management
Published 16 Mar, 2020 12:00am
Hattar SEZ's progress reviewed
Business & Economy

Hattar SEZ's progress reviewed

A meeting of Khyber Pakhtunkhwa Board of Investment and Trade (BoIT) held the other day to discuss progress on ongoing work in Hattar Special Economic Zone (HSEZ) including provision of gas and electricity facilities.
Published 15 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 115,826 tonnes of cargo comprising 72,136 tonnes of import cargo and 43,690 tonnes of export cargo including 6,659 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargos of 72,
Published 14 Mar, 2020 12:00am
Sarhadi nominated convener FPCCI panel
Business & Economy

Sarhadi nominated convener FPCCI panel

Zia-ul-Haq Sarhadi has been nominated as convener of the FPCCI standing committee on Pakistan Railways, said a notification issued here Friday. Sarhadi has also worked as Deputy Convener and member of the Railways Advisory Board last year.
Published 14 Mar, 2020 12:00am
TDAP holds exporters training programme
Business & Economy

TDAP holds exporters training programme

TDAP successfully organized 5th episode of National Exporters Training Program (NETP) at Sukkur in collaboration with Sukkur, Khairpur, Shikarpur and Larkana Chambers of Commerce & Industry on 12th March. The objective of this program was to train potenti
Published 14 Mar, 2020 12:00am
LCCI for stringent safety steps to coronavirus
Business & Economy

LCCI for stringent safety steps to coronavirus

The Lahore Chamber of Commerce and Industry (LCCI) stressing the need for fool proof and stringent safety measures to contain the further spread of coronavirus has urged the government to immediately compile the data of travelers to Pakistan and ensure th
Published 14 Mar, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 103,630 tonnes of cargo comprising 62,829 tonnes of import cargo and 40,801 tonnes of export cargo including 3,711 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 13 Mar, 2020 12:00am
SCCI, Rly agree to reconstitute railway advisory body
Business & Economy

SCCI, Rly agree to reconstitute railway advisory body

The Sarhad Chamber of Commerce and Pakistan Railways have agreed to reconstitute railways advisory body for prompt resolution of business community issues. A senior official of Pakistan Railways has assured to launch special freight train from Karachi to
Published 13 Mar, 2020 12:00am
foodpanda makes its entry into Sahiwal
Business & Economy

foodpanda makes its entry into Sahiwal

The famous online food delivery hub, foodpanda, has made its way to many smartphones across the nation for its unmatchable deals and discounts. foodpanda aims to broaden its chain of cities for every Pakistani to make the most of its services hence, the f
Published 13 Mar, 2020 12:00am
PMIC holds Women's Day event
Business & Economy

PMIC holds Women's Day event

Pakistan Microfinance Investment Company has reiterated its commitment to enhance access to finance for women and improve their socioeconomic standing in the society.
Published 13 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 114,927 tonnes of cargo comprising 58,084 tonnes of import cargo and 56,843 tonnes of export cargo including 7,542 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 12 Mar, 2020 12:00am
Sarwar unfolds 'business plan' of Governor House
Business & Economy

Sarwar unfolds 'business plan' of Governor House

Punjab Governor Chaudhry Mohammad Sarwar on Wednesday formally announced business plan of Governor House saying the Governor House's lawn will be available for corporate sector at Rs 1 million for each event. Any function can also be arranged for Rs 500,0
Published 12 Mar, 2020 12:00am
KP government drafts generous industrial policy
Business & Economy

KP government drafts generous industrial policy

The provincial government of Khyber Pakhtunkhwa is going to announce a 10-year long generous incentives loaded new industrial policy to attract investment in the industrial sector and generate employment opportunities for the youth.
Published 12 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 90,894 tonnes of cargo comprising 46,777 tonnes of import cargo and 44,117 tonnes of export cargo including 6,048 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 46,
Published 11 Mar, 2020 12:00am
IMC bags MAP's Corporate Excellence Award 2020
Business & Economy

IMC bags MAP's Corporate Excellence Award 2020

Indus Motor Company (IMC) has won the Best Corporate Excellence Award in the category of Automobile Assembler, as adjudged by the Management Association of Pakistan (MAP), while recognizing and honoring companies that exhibit outstanding performance and d
Published 11 Mar, 2020 12:00am
Modern construction techniques: NHA conducts seminar
Business & Economy

Modern construction techniques: NHA conducts seminar

In order to employ modern construction techniques in buildings of the National Highways and Motorways, the National Highway Authority (NHA)' s Design Section conducted a seminar in collaboration with AutoDesk software developer company and distributor Log
Published 11 Mar, 2020 12:00am
Report on 'CPEC in AJK' launched at ISSI
Business & Economy

Report on 'CPEC in AJK' launched at ISSI

"CPEC projects will unleash opportunities for socio-economic development for people of Azad Jammu & Kashmir. Government of AJ&K is making all efforts to ensure that CPEC projects in the region are implemented without any delays," stated Raja Farooq Haider
Published 11 Mar, 2020 12:00am
Carrefour introduces new mobile app
Business & Economy

Carrefour introduces new mobile app

Carrefour, operated in Pakistan by Majid Al Futtaim, has introduced a mobile app to better serve its Pakistani customers. The new app brings shoppers across Lahore a simple, digitized, and convenient mobile experience.
Updated 11 Mar, 2020 10:56am
Tri-Angles invests $3.3m in TV, AC production
Business & Economy

Tri-Angles invests $3.3m in TV, AC production

Tri-Angles Electronics has invested some $3.3 million during last two years for manufacturing and assembling of Hisense LED TV and Air Conditioners (AC) in Pakistan. Hisense is one of the leading brands in China with exports to over 130 countries. Tri-Ang
Published 11 Mar, 2020 12:00am