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Ali Ahmed

US IDFC keen to finance projects in Pakistan
Business

US IDFC keen to finance projects in Pakistan

  • Boehler stated that funds are available through both debt and equity to finance projects in the private sector in several fields and also for infrastructure projects in the Public-Private Partnership (PPP) mode.
Published 09 Jul, 2020 01:34pm
Power outage cripples Punjab
Business

Power outage cripples Punjab

  • Contrary to the claims of Lahore Electric Supply Company (LESCO) officials in the suburbs of Lahore, unannounced load shedding is increasing instead of decreasing.
Published 09 Jul, 2020 11:26am
TMB reports Rs18bn in revenue FY2019
Business

TMB reports Rs18bn in revenue FY2019

  • A two-fold increase in Year-Over-Year wallet accounts was witnessed with more than 3 million increase in monthly active users as compared to 2018.

  • Easypaisa App users increased by about 300% to over 2 million representing the highest number of users of any financial app in Pakistan.

Published 09 Jul, 2020 10:51am
DG Khan Cement to export cement to Philippines
Business

DG Khan Cement to export cement to Philippines

  • The latest export orders would be boon for Pakistan exports, which has declined by 6.8 percent during 2019-20, due to the economic slowdown which has been brought in by the coronavirus pandemic.
Published 08 Jul, 2020 12:57pm
Pakistan trade deficit decline by 27pc
Business

Pakistan trade deficit decline by 27pc

  • The country's exports at the end of the fiscal year ended June 30, 2020, stood at $21.387 billion against a target of $24 billion.

  • The country's imports during the last fiscal year were recorded at $44 billion, indicating a drop of 18.6pc from the imports recorded in 2018-19.

Published 08 Jul, 2020 11:58am
Rahat Kaunain appointed as CCP chairperson
Business

Rahat Kaunain appointed as CCP chairperson

  • The cabinet also gave approval to the appointment of Shumaila Lone and Mujtaba Lodhi as members of the CCP for three years.

  • Rahat Kaunain has previously served as chairperson of Competition Commission of Pakistan (CCP) from 2010-2013.

Published 08 Jul, 2020 11:34am
Despite witnessing decline in 2019-20, Dawood lauds exporters
Business

Despite witnessing decline in 2019-20, Dawood lauds exporters

  • The SAPM highlighted that Pakistan exports declined by 6 percent as compared to 2018-19, meanwhile the regional countries fare worse than Pakistan, with Bangladesh witnessing exports decline by 17pc and arch-rival India facing exports plunge of 14pc.
Published 07 Jul, 2020 03:49pm
PIA further slashes domestic fares
Business

PIA further slashes domestic fares

  • The one-way fare from Karachi to Islamabad and from Karachi to Lahore has been fixed at Rs 9,572 while passengers will also be allowed to carry 7 kg of hand luggage.
Published 07 Jul, 2020 11:46am
Pakistan get green signal to export mangoes to Japan
Business

Pakistan get green signal to export mangoes to Japan

  • Generally, the export of Pakistani mangoes to Japan is subject to the clearance of Japanese inspectors.

  • However, this year Pakistani mangoes were allowed to be exported under temporary arrangements without the clearance of Japanese inspectors.

Updated 07 Jul, 2020 01:06pm
JS Bank crosses $2.3bn in deposits
Business

JS Bank crosses $2.3bn in deposits

  • JS Bank has been recognized by the State Bank of Pakistan as the best performer under the Rozgar Refinance Scheme, a concessional credit scheme for SME’s that ensure zero job layoffs.
Published 06 Jul, 2020 03:41pm