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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
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
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 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
Shell Pakistan launches its flagship store on daraz.pk
Business & Economy

Shell Pakistan launches its flagship store on daraz.pk

Shell Pakistan has partnered with daraz.pk to provide a safe and convenient online shopping experience for its customers purchasing vehicle lubricants. Shell's wide range of high quality lubricants will now be available on Pakistan's most popular online s
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
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
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
Teli urges Sindh government to ease lockdown prior Eid
Business & Economy

Teli urges Sindh government to ease lockdown prior Eid

Chairman Businessmen Group (BMG) and former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has urged the Sindh Government to completely do away with the ongoing lockdown at least during the last week of Ramazan-ul-Mubarak in whi
Published 18 May, 2020 12:06am
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
KP cabinet may approve draft Industrial Policy 2020-30
Business & Economy

KP cabinet may approve draft Industrial Policy 2020-30

The provincial cabinet of Khyber Pakhtunkhwa is likely to accord approval to a 10-year industrial policy 2020-30 to support human resource development, innovation and create a supply chain to capitalize on many potential opportunities available in the pro
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
Nestle Milkpak donating half-a-million glasses of milk
Business & Economy

Nestle Milkpak donating half-a-million glasses of milk

In the wake of COVID-19, NESTLÉ MILKPAK will be donating half-a-million glasses of milk in collaboration with dairy industry partners Tetra Pak Pakistan, Bulleh Shah Packaging Pvt Ltd, Interloop Ltd and Interloop Holdings, Sheikh Noor-Ud-Din & Sons Pvt Lt
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
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
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
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 holds pre-budget consultative meeting with Razak
Business & Economy

FPCCI holds pre-budget consultative meeting with Razak

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) held a pre-budget consultative meeting with Abdul Razak Dawood, Adviser to PM for Commerce, Textile and Investment, on Video-link, and discussed its proposals for the forthcoming Federal Budge
Published 11 May, 2020 12:04am
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
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
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
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 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
Emirates SkyCargo scales up its operations in Pakistan
Business & Economy

Emirates SkyCargo scales up its operations in Pakistan

Emirates SkyCargo has scaled up its operations in Pakistan, showing unwavering commitment to ensure transportation of essential commodities such as food and medical supplies to and from the country, despite the capacity and operational challenges brought
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
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
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
EFP asks SBP to cut policy rate by 300bps
Business & Economy

EFP asks SBP to cut policy rate by 300bps

Ismail Suttar, President Employers Federation of Pakistan (EFP) and chairman Economic Council has urged the Governor of State Bank of Pakistan, Reza Baqir to further reduce policy rate by 300 basis points.
Published 02 May, 2020 12:08am
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
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
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 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
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
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
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
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
Muneer saddened over Ali Suleman Habib death
Business & Economy

Muneer saddened over Ali Suleman Habib death

Chief Patron of United Business Group (UBG) and former vice president of FPCCI, S. M. Muneer, has expressed his heartfelt grief and sorrow over the sad demise of the Chairman of Indus Motor Company, Ali Suleman Habib.
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
PSX thankful for Chinese exchange partners' assistance
Business & Economy

PSX thankful for Chinese exchange partners' assistance

Friendship between Pakistan and China is a shining example of strong and endearing cooperation between these two great nations of Asia. From CPEC to military, economic and financial aid, China has proved to be an all-weather friend for Pakistan which has
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
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
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 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
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
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
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
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
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
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
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
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
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 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
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
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
KCCI asks government to withdraw ISPA arrears for good
Business & Economy

KCCI asks government to withdraw ISPA arrears for good

President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has urged the federal government to permanently withdraw Industrial Support Package Adjustment (ISPA) arrears which would provide some relief to the industries particularly in
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
Framework for SEZs: BoI initiates consultation process
Business & Economy

Framework for SEZs: BoI initiates consultation process

The Board of Investment (BoI) has initiated consultation process for development of a national framework for the Special Economic Zones (SEZs) development, including a policy for private zones, single enterprise zones, conversion of existing industrial es
Published 04 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
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
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
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
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
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 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
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
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
KATI demands uninterrupted supply of raw materials
Business & Economy

KATI demands uninterrupted supply of raw materials

President of Korangi Association of Trade & Industry (KATI) and former Chairman of Pakistan Vanaspati Manufacturers Association (PVMA) Sheikh Umer Rehan demanded uninterrupted supply of raw materials for ghee and cooking oil manufacturers.
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
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
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 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
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 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
Shortcomings identified in proposed KP industry policy
Business & Economy

Shortcomings identified in proposed KP industry policy

Public and private sector stakeholders have identified various deficiencies in the draft Khyber Pakhtunkhwa Industrial Policy 2020-30 and have presented recommendations to bring further improvement in the policy to attract local, foreign investment and ge
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
Lucky Cement wins MAP's Corporate Excellence Award
Business & Economy

Lucky Cement wins MAP's Corporate Excellence Award

Lucky Cement Limited won the Management Association of Pakistan's Corporate Excellence Award in the Cement Sector category. Lucky Cement received the award based on having the best corporate practices and governance in the cement sector.
Published 11 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 164,672 tonnes of cargo comprising 91,773 tonnes of import cargo and 72,899 tonnes of export cargo including 6,900 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 10 Mar, 2020 12:00am
Wasif Khan named as COO of Imarat Group
Business & Economy

Wasif Khan named as COO of Imarat Group

Imarat Group of Companies, Pakistan's leading technology-driven real estate development group here on Monday appointed Wasif Khan as Group Chief Operating Officer. According to an announcement of the company here on Monday, after being an integral part of
Published 10 Mar, 2020 12:00am
Pak-Iran border: Trade activities partially resume
Business & Economy

Pak-Iran border: Trade activities partially resume

Trade activities partially resumed at the Pakistan-Iran border on Saturday after two weeks amid the coronavirus fears. Pakistan had closed its border with Iran at Taftan after more than 120 people were killed and more than 4,500 infected with the novel co
Published 08 Mar, 2020 12:00am
Germany wants to enhance trade ties: envoy
Business & Economy

Germany wants to enhance trade ties: envoy

German Ambassador to Pakistan Bernhard Schlagheck has said that Germany wanted to further enhance trade relations with Pakistan and a German delegation is expected to visit Pakistan soon to explore business collaborations.
Published 08 Mar, 2020 12:00am
Smeda to share thematic groups' suggestions with ECDF
Business & Economy

Smeda to share thematic groups' suggestions with ECDF

Small and Medium Enterprises Development Authority (Smeda) has convened the 3rd meeting of the Economic Cooperation and Development Forum (ECDF) to share recommendations prepared by the six thematic groups on different sectors with the members of the foru
Published 08 Mar, 2020 12:00am
British HC for doubling Pak-UK trade
Business & Economy

British HC for doubling Pak-UK trade

British High Commissioner to Pakistan Dr Christian Turner has set out his ambition to double UK-Pakistan trade during a two-day programme in the north of England, said a press release issued on Saturday.
Published 08 Mar, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 94,750 tonnes of cargo comprising 53,015 tonnes of import cargo and 41,735 tonnes of export cargo including 5,753 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 07 Mar, 2020 12:00am
Efforts under way to bolster economic ties: Thai CG
Business & Economy

Efforts under way to bolster economic ties: Thai CG

Political Consultation at secretary level and meetings of Joint Economic Commission will be held this year to further bolster the economic relations between Pakistan and Thailand, said Thatree Chauvachata, Consul-General of Thailand in Karachi.
Published 07 Mar, 2020 12:00am
Faisal Anis named FPCCI body's deputy convener
Business & Economy

Faisal Anis named FPCCI body's deputy convener

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Anjum Nisar has appointed Faisal Anis Majeed as a Deputy Convener of FPCCI Central Standing Committee on "RICE" for the year 2020. Faisal Anis Majeed's appointment notifica
Published 07 Mar, 2020 12:00am
Pakistani fintech entrepreneur wins award
Business & Economy

Pakistani fintech entrepreneur wins award

Adnan Ali, the CEO of Avanza Premier Payment Services (APPS) won the "Excellence in Finance Leaders", award for his significant contribution towards the financial sector, at the FiNext Conference, held in Dubai on February 26 & 27, 2020. The award is not
Published 06 Mar, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 94,649 tonnes of cargo comprising 64,843 tonnes of import cargo and 29,806 tonnes of export cargo including 4,766 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 06 Mar, 2020 12:00am
PCJCCI to promote Halal food industry thru road shows
Business & Economy

PCJCCI to promote Halal food industry thru road shows

The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) and Halal Research Council have planned to organize "Nationwide Awareness Road Show on Halal Industry from Khyber to Karachi" for catering to the rising demand for Halal food in the world
Published 06 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 193,828 tonnes of cargo comprising 119,966 tonnes of import cargo and 73,862 tonnes of export cargo including 8,723 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of
Published 05 Mar, 2020 12:00am
FPCCI bodies; Shakeel, Shabbir named as conveners
Business & Economy

FPCCI bodies; Shakeel, Shabbir named as conveners

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Anjum Nisar has appointed Shakeel Ahmed Shaikh as a Convener of FPCCI's Central Standing "Committee on Health Care & Medical Devices" for the year 2020. Shakeel Ahmed Shaik
Published 05 Mar, 2020 12:00am
Nestlé Pakistan wins three best practice awards
Business & Economy

Nestlé Pakistan wins three best practice awards

Nestlé Pakistan was recognized as one of the most progressive organizations in Pakistan at the Global Diversity and Inclusion Benchmarks (GDIB) Awards 2020. Nestlé Pakistan won three best practice awards in the categories of Vision, Leadership and Structu
Published 05 Mar, 2020 12:00am
PAMA urges government to adopt WP29 accord
Business & Economy

PAMA urges government to adopt WP29 accord

Pakistan Automotive Manufacturers Association (PAMA) has urged the government to adopt WP29 agreement because the local standards without recognizing the international norms/regulations will rollback existing local content level and would make them techno
Published 05 Mar, 2020 12:00am
Murad reviews 346 uplift schemes of Larkana division
Business & Economy

Murad reviews 346 uplift schemes of Larkana division

Sindh Chief Minister Syed Murad Ali Shah during a meeting reviewed 346 schemes of Rs 16.87 billion going on in five districts of Larkana division and directed the elected representatives to give ownership to the development works so that their quality and
Published 05 Mar, 2020 12:00am
New international terminal opens at Quetta Airport
Business & Economy

New international terminal opens at Quetta Airport

Federal Minister for Aviation Ghulam Sarwar Khan, along with Balochistan Chief Minister Jam Kamal Khan, Wednesday inaugurated a newly built international terminal at the Quetta Airport. The minister also performed groundbreaking for construction of a mega
Published 05 Mar, 2020 12:00am
FIEDMC Road Show to attract foreign investment: Sarwar
Business & Economy

FIEDMC Road Show to attract foreign investment: Sarwar

Governor Punjab Ch Muhammad Sarwar on Tuesday said that the Faisalabad Industrial Estate Development and Management Company (FIEDMC) Road Show in London would further attract international investments and strengthen links with multinational companies and
Published 04 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 118,915 tonnes of cargo comprising 88,885 tonnes of import cargo and 30,030 tonnes of export cargo including 8,811 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 88
Published 04 Mar, 2020 12:00am
PBC calls for steps to boost exports
Business & Economy

PBC calls for steps to boost exports

The Pakistan Business Council - a business advocacy body - has called for measures to boost exports, strengthen the basis of import substitution, and restore disposable incomes to trigger growth in line with its "Make-in-Pakistan" thrust.
Published 04 Mar, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 149,092 tonnes of cargo comprising 87,544 tonnes of import cargo and 61,548 tonnes of export cargo including 4,379 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 03 Mar, 2020 12:00am
Shujaat Ali made convener of FPCCI's body
Business & Economy

Shujaat Ali made convener of FPCCI's body

President Federation of Pakistan Chamber and Commerce and Industry (FPCCI) has appointed Syed Shujaat Ali as convener of FPCCI's Central Standing Committee on leather garments' exports for the year 2020. Shujaat has been authorized to select and appoint p
Published 03 Mar, 2020 12:00am
FPCCI body for developing Gwadar model modern city
Business & Economy

FPCCI body for developing Gwadar model modern city

Saiyed Shahzad Sultan Convener of the Committee chaired the proceedings along with Deputy Convener Zubair Rind and Secretary Amjad Qureshi. All the designated members from relevant fields attended the meeting; Saiyed Shahzad thanked the President FPCCI An
Published 02 Mar, 2020 12:00am
Modern technology to help enhance exports: minister
Business & Economy

Modern technology to help enhance exports: minister

Federal Science and Technology Minister Chaudhry Fawad Hussain has emphasized that Pakistan needed to increase its exports by adopting modern technologies in business for obtaining desired results and cope with the fast changing global trends. Through tr
Published 02 Mar, 2020 12:00am
PM to inaugurate three flyovers in Karachi: Asad
Business & Economy

PM to inaugurate three flyovers in Karachi: Asad

Federal Planning Minister Asad Umar has announced that Prime Minister Imran Khan will visit Karachi to inaugurate flyover projects constructed in Karachi. Asad Umar made the media statement while visiting three flyover projects in Karachi on Sunday. Sindh
Published 02 Mar, 2020 12:00am
Three-day expo 'SAVDEX' concludes
Business & Economy

Three-day expo 'SAVDEX' concludes

The three-day "Suppliers and Vendors Defence Exhibition (SAVDEX 2020)" organized by the Lahore Chamber of Commerce and Industry (LCCI) and Defence Export Promotion Organization (DEPO) concluded here on Saturday.
Published 01 Mar, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 132,623 tonnes of cargo comprising 65,260 tonnes of import cargo and 67,363 tonnes of export cargo including 3,933 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 29 Feb, 2020 12:00am
PBIF chief for imposing tax on vacant plots
Business & Economy

PBIF chief for imposing tax on vacant plots

Tax should be imposed on vacant plots to encourage construction while builders should be given tax breaks to promote construction of plazas in cities to resolve the issue of housing. This was stated by Mian Zahid Hussain, President of Pakistan Businessmen
Published 29 Feb, 2020 12:00am
Rafique Suleman made convener of FPCCI's body
Business & Economy

Rafique Suleman made convener of FPCCI's body

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Anjum Nisar has appointed Rafique Suleman as Convener of FPCCI's Central Standing Committee on Rice for the year 2020. President FPCCI has authorised Rafique Suleman for sele
Published 29 Feb, 2020 12:00am
Qatar wants to strengthen trade relations: envoy
Business & Economy

Qatar wants to strengthen trade relations: envoy

The Consul-General of Qatar, Mishal Mohammed Ali Al-Ansari, has said that his country wants to further strengthen trade relations with Pakistan. Speaking at a meeting at the Pakistan Chemicals & Dyes Merchants Association (PCDMA), he emphasized the need f
Published 29 Feb, 2020 12:00am
Pakistan, Kazakhstan hold inaugural session of BPC
Business & Economy

Pakistan, Kazakhstan hold inaugural session of BPC

Pakistan and Kazakhstan on Friday held the inaugural session of Bilateral Political Consultations (BPC) and exchanged views on enhancing bilateral engagements in diverse areas including commerce, banking, connectivity, education, people-to-people contacts
Published 29 Feb, 2020 12:00am
Shabbir Churra named FPCCI body's convener
Business & Economy

Shabbir Churra named FPCCI body's convener

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Anjum Nisar has appointed Shabbir Mansha Churra as a conveyor of FPCCI's Central Standing Committee on Customs for the year 2020. Churra is also a member of the FPCCI's Exe
Published 29 Feb, 2020 12:00am
TDAP holds awareness session on CPFTA-II
Business & Economy

TDAP holds awareness session on CPFTA-II

The Ministry of Commerce and Trade Development Authority of Pakistan (TDAP) organized an awareness seminar on the 2nd phase of China-Pakistan Free Trade Agreement on 25th February, at Faisalabad Chamber of Commerce & Industry, Faisalabad.
Published 28 Feb, 2020 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 66,786 tonnes of cargo comprising 44,080 tonnes of import cargo and 22,706 tonnes of export cargo including 2,629 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 28 Feb, 2020 12:00am
SCCI slams crackdowns on small industrial units
Business & Economy

SCCI slams crackdowns on small industrial units

The Sarhad Chamber of Commerce and Industry (SCCI) has condemned the crackdowns on small industrial units situated on Kohat road Peshawar under guise of collecting sale tax and other levies by subordinate insinuations of the Federal Board of Revenue. It d
Published 28 Feb, 2020 12:00am
Karachi industrial zones likely to face power cuts
Business & Economy

Karachi industrial zones likely to face power cuts

Karachi Industrial Zones, which are exempted from load-shedding, are expected to face prolong power cuts with the onset of summer as K-Electric has given a rationale for power shortage as a massive over Rs50 billion receivables from the Sindh government.
Published 28 Feb, 2020 12:00am
Activities of Karachi Port
Business & Economy

Activities of Karachi Port

The Karachi Port handled 94,732 tonnes of cargo comprising 35,379 tonnes of import cargo and 59,353 tonnes of export cargo including 4,362 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 27 Feb, 2020 12:00am
Clarification by ministry of commerce
Business & Economy

Clarification by ministry of commerce

This is with reference to an item of the news titled "NA body takes ministry to task on exports, other matters", which appeared in Business Recorder on 26th February 2020. The Ministry of Commerce would like to clarify its position.
Published 27 Feb, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 123,083 tonnes of cargo comprising 57,540 tonnes of import cargo and 65,543 tonnes of export cargo including 4,692 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 26 Feb, 2020 12:00am
Iran's envoy for promoting ties in different sectors
Business & Economy

Iran's envoy for promoting ties in different sectors

Ambassador of Iran Seyed Muhammad Ali Hosseini has said that Iran desires to further promote relations in different sectors with the Punjab government. With the promotion of cultural activities, relationships between the two countries will also enhance, h
Published 26 Feb, 2020 12:00am
Government urged to promote Banarsi products
Business & Economy

Government urged to promote Banarsi products

"The high-quality and delicate handmade banarsi work, which though being done at a smaller scale in Orangi market, cannot be compared with other similar products being manufactured in India but unfortunately the Pakistani made banarsi products are unable
Published 26 Feb, 2020 12:00am
Engro wins UNGC award for second year in a row
Business & Economy

Engro wins UNGC award for second year in a row

In recognition of promoting UNGC Principles and Sustainable Development Goals, Engro Corporation has won the first prize for "Living the UN Global Compact Business Sustainability Award 2019 in the Large National Category, for the second year in a row. The
Published 26 Feb, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 192,341 tonnes of cargo comprising 91,347 tonnes of import cargo and 100,994 tonnes of export cargo including 2,701 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 25 Feb, 2020 12:00am
PCJCCI expresses solidarity with people of China
Business & Economy

PCJCCI expresses solidarity with people of China

The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has expressed solidarity with the people of China in their fight against the dreadful coronavirus by conducting a "Solidarity Day with China" through an awareness session on "Coronavirus d
Published 25 Feb, 2020 12:00am
NA body discusses budgetary proposals relating to PSDP
Business & Economy

NA body discusses budgetary proposals relating to PSDP

National Assembly's Standing Committee on Narcotics Control on Monday discussed budgetary proposals relating to Public-Sector Development Programme (PSDP) in respect of Ministry of Narcotics Control and its attached departments for financial year 2020-202
Published 25 Feb, 2020 12:00am
Government urged to slash taxes on furniture industry
Business & Economy

Government urged to slash taxes on furniture industry

Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce and Industry have called upon the government to reduce taxes on furniture industry in the forthcoming budget that would facilitate its better growth and enhance exports. He said this while ad
Published 24 Feb, 2020 12:00am
Mian Mansha-led businessmen delegation meets Alvi
Business & Economy

Mian Mansha-led businessmen delegation meets Alvi

An exclusive dinner reception was hosted by Chairman Nishat Group Mian Mohammad Mansha for President Dr Arif Alvi, First Lady Samina Alvi and Lahore based business families. On the occasion, businessmen met the President and exchanged views on the prevail
Published 24 Feb, 2020 12:00am
Pakistan Auto Show 2020 successfully concludes
Business & Economy

Pakistan Auto Show 2020 successfully concludes

A three-day Pakistan Auto Show 2020 successfully concluded at the Expo Centre Lahore on Sunday with a turnout of over 100,000 visitors. The show, organized by the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), attracted a
Published 24 Feb, 2020 12:00am
TDAP awareness session on SMEs held in Sukkur
Business & Economy

TDAP awareness session on SMEs held in Sukkur

TDAP session was held on 20th February at Sukkur in collaboration with Sindh Chamber of Agriculture to provide initial awareness about provisions and facilities/services conferred by financial institutions to local SMEs of potential products.
Published 24 Feb, 2020 12:00am
Government urged to focus on developing SMEs
Business & Economy

Government urged to focus on developing SMEs

Anum Tarraqi Party (ATP) Chairman Muhammad Faiq Shah has urged the government to focus on the development of small and medium enterprises (SMEs) and on industrialization to generate maximum employment opportunities and to boost the country's economy.
Published 23 Feb, 2020 12:00am
PBIF chief for reducing size of government
Business & Economy

PBIF chief for reducing size of government

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said the increased size of the government is a sure recipe for disaster. It is not only the foreign loans, circular debt, and wastage on failed corporations which have e
Published 23 Feb, 2020 12:00am
'Cities improvement project' launched in KP
Business & Economy

'Cities improvement project' launched in KP

The provincial government of Khyber Pakhtunkhwa with the financial assistance of Asian Development Bank (ADB) and other donor agencies has launched Cities Improvement Project (CIP) to ensure clean drinking water in five major cities of the province.
Published 23 Feb, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 140,367 tonnes of cargo comprising 94,554 tonnes of import cargo and 45,813 tonnes of export cargo including 9,650 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 22 Feb, 2020 12:00am
CPEC projects' implementation to be accelerated: Umar
Business & Economy

CPEC projects' implementation to be accelerated: Umar

Ambassador of Peoples Republic of China Yao Jing called on the Minister for Planning, Development and Special Initiatives, Asad Umar, here on Friday, said a press release. Secretary Planning and other senior officials were also present in the meeting.
Published 22 Feb, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 112,962 tonnes of cargo comprising 70,012 tonnes of import cargo and 42,950 tonnes of export cargo including 8,037 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 21 Feb, 2020 12:00am
Amreli Steels signs MoU with Tameer Ghar
Business & Economy

Amreli Steels signs MoU with Tameer Ghar

"The future will be driven by technology and Amreli Steels continues to demonstrate its position as the market leader by embracing technology, moving towards becoming a smart company and ultimately benefiting the customer," said Mazhar Husain, Head of Sal
Published 21 Feb, 2020 12:00am
Corporate sector must increase spending: PBIF
Business & Economy

Corporate sector must increase spending: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said majority of the population is feeling the pain of increased cost of living and the corporate sector must increase its spending on the wellbeing of less fortunate to
Published 21 Feb, 2020 12:00am
US envoy visits Mondelez plant in Hub
Business & Economy

US envoy visits Mondelez plant in Hub

The US Ambassador to Pakistan, Paul W Jones visited Mondelez Pakistan Limited's confectionery plant in Hub, Balochistan as part of his official visit to Karachi and Hub. He was accompanied by the embassy staff and the organisation's senior leadership that
Published 21 Feb, 2020 12:00am
PBIT chief, Sikh pilgrims discuss tourism plans
Business & Economy

PBIT chief, Sikh pilgrims discuss tourism plans

A large group comprising 140 members of Sikh pilgrims, including socialites, and investors living in the UK, met Chairman PBIT Sardar Tanveer Ilyas Khan Wednesday at a breakfast and talked about mutual interest, investment and tourism in Pakistan and Spec
Published 20 Feb, 2020 12:00am
'IMC focused on improving operational efficiencies'
Business & Economy

'IMC focused on improving operational efficiencies'

Toyota-IMC says demand for automobiles declined significantly in Pakistan during the first half of the fiscal year 2019-2020, due to a slowdown in the economy, devaluation of the rupee against the US Dollar, and various structural reforms and policies of
Published 20 Feb, 2020 12:00am
Activities of Karachi and Port Qasim
Business & Economy

Activities of Karachi and Port Qasim

The Karachi Port handled 142,790 tonnes of cargo comprising 107,499 tonnes of import cargo and 35,291 tonnes of export cargo including 8,278 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 20 Feb, 2020 12:00am
NA body members visit Suzuki Motors assembly plant
Business & Economy

NA body members visit Suzuki Motors assembly plant

National Assembly Standing Committee on Industries and Production on Wednesday visited Pak Suzuki Motors assembly plant. Headed by Sajid Hussain Turi, the committee and officials were welcomed by management of Pak Suzuki Motors. The committee witnessed th
Published 20 Feb, 2020 12:00am
Punjab cabinet approves reconstitution of PITB
Business & Economy

Punjab cabinet approves reconstitution of PITB

Punjab cabinet, which met here Tuesday, decided, in principle, to provide state land for Naya Pakistan Housing Programme according to the law. The cabinet further decided to review again the regularization of contract employees of the Public Health Engine
Published 19 Feb, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 90,082 tonnes of cargo comprising 58,518 tonnes of import cargo and 31,564 tonnes of export cargo including 3,572 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 58,
Published 19 Feb, 2020 12:00am
Setting up of new industrial zone urged
Business & Economy

Setting up of new industrial zone urged

Chairman Hyderabad SITE Association of Trade and Industry Mazhar-ul-Haq Choudhry has demanded the establishment of a new industrial zone at Mulla Katiar, the border town of Hyderabad and Tando Muhammad Khan districts aimed to promote industrial activities
Published 19 Feb, 2020 12:00am
British Deputy HC visits SCCI
Business & Economy

British Deputy HC visits SCCI

British Deputy High Commissioner Karachi Mike Nithavrianakis on Tuesday visited Sialkot to discuss certain issues pertaining to trade and commerce and matters of mutual interests with President Sialkot Chamber of Commerce and Industry (SCCI). Addressing t
Published 19 Feb, 2020 12:00am
SCCI chief vows to promote women entrepreneurship
Business & Economy

SCCI chief vows to promote women entrepreneurship

President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Ashraf Malik pledged to continue efforts for the betterment of business community without discrimination while special focus would be accorded on the promotion of women entrepreneurship in
Published 19 Feb, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 273,289 tonnes of cargo comprising 176,725 tonnes of import cargo and 96,564 tonnes of export cargo including 6,050 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 18 Feb, 2020 12:00am
FPCCI voices concern over energy price hike
Business & Economy

FPCCI voices concern over energy price hike

Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Dr Muhammad Arshad expressing concern over price-hike of energy has demanded of the government to immediately reduce the power tariff for industry
Published 18 Feb, 2020 12:00am
President FCCI speaks about withholding tax
Business & Economy

President FCCI speaks about withholding tax

Small traders should continue their normal business activities without any fear as withholding tax is not applicable on annual turnover of Rs100 million per annum, said Rana Sikandar-e-Azam Khan President Faisalabad Chamber of Commerce & Industry (FCCI).
Published 18 Feb, 2020 12:00am
FPCCI issues notice to immediate past president
Business & Economy

FPCCI issues notice to immediate past president

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) issued notice to its immediate past president, Engineer Daro Khan for surpassing the entitlement in expenses on travelling and hotelling during his stint in the office.
Published 17 Feb, 2020 12:00am
Minister opens several uplift projects
Business & Economy

Minister opens several uplift projects

Provincial Industries and Trade Minister Mian Aslam Iqbal on Sunday visited his constituency and inaugurated various development projects. He also reviewed the pace of work of various ongoing development schemes. While inaugurating repair and construction
Published 17 Feb, 2020 12:00am
Pak-Turkey FTA: ICCI chief foresees huge opportunity
Business & Economy

Pak-Turkey FTA: ICCI chief foresees huge opportunity

President Islamabad Chamber of Commerce and Industry (ICCI) Muhammad Ahmed Waheed on Sunday observed huge trade opportunities after signing of Free Trade Agreement (FTA) between Pakistan and Turkey, would also help balancing the trade volume between the t
Published 17 Feb, 2020 12:00am
KCR track's survey begins
Business & Economy

KCR track's survey begins

Pakistan Railways Karachi division has initiated survey on the existing track of the Karachi Circular Railway (KCR) with prime focus on commuters' facilitation on modern lines. Deputy director PR at Divisional Superintendent (DS) office Karachi Tariq Asla
Published 17 Feb, 2020 12:00am
LCCI signs MoU with PHEC
Business & Economy

LCCI signs MoU with PHEC

The Lahore Chamber of Commerce and Industry (LCCI) and Punjab Higher Education Commission (PHEC) have inked a Memorandum of Understanding to collectively work towards promoting higher education, research, training industrial and academia linkages.
Published 16 Feb, 2020 12:00am
FWCCI considers women empowerment a challenge
Business & Economy

FWCCI considers women empowerment a challenge

Women Empowerment is a challenge for Faisalabad Women Chamber of Commerce & Industry (FWCCI) and in this connection, we must take pro-active steps to make this elected representative trade body financially stable and viable, said Mrs. Qurat-ul-Ain Preside
Published 16 Feb, 2020 12:00am
PDWP okays 10 schemes worth Rs 14.563 billion
Business & Economy

PDWP okays 10 schemes worth Rs 14.563 billion

The Provincial Development Working Party (PDWP) meeting has approved 10 schemes worth Rs 14.563 billion. The PDWP meeting was presided over by Chairman Planning & Development Board Sindh Mohammad Waseem, a statement of the department said here on Saturday
Published 16 Feb, 2020 12:00am
Peshawar Airport to be shifted out of city: minister
Business & Economy

Peshawar Airport to be shifted out of city: minister

Federal Minister for Aviation Division, Ghulam Sarwar Khan has said that efforts are being made to shift Peshawar Airport outside the city due to air traffic and passengers load. Talking to media, he said that three sites have already been identified for
Published 16 Feb, 2020 12:00am
Turkish Ministry of Trade, FBR sign MoU
Business & Economy

Turkish Ministry of Trade, FBR sign MoU

A memorandum of understanding (MoU) has been signed between the Ministry of Trade of the Republic of Turkey and Federal Board of Revenue (FBR) on trade facilitation and customs cooperation matters in Prime Minister House. The MoU was signed by the Turkish
Published 16 Feb, 2020 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 202,047 tonnes of cargo comprising 128,185 tonnes of import cargo and 73,862 tonnes of export cargo including 9,169 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 15 Feb, 2020 12:00am
PIBT only coal handling terminal, declares CCP
Business & Economy

PIBT only coal handling terminal, declares CCP

The Competition Commission of Pakistan (CCP) has declared that M/s Pakistan International Bulk Terminal Limited (PIBT) is the only coal handling terminal in Pakistan, and that it was against any discriminatory actions on part of the terminal.
Published 15 Feb, 2020 12:00am
Pak Oman excels again in 2019
Business & Economy

Pak Oman excels again in 2019

The 98th Meeting of the Board of Directors of Pak Oman Investment Company (Pak Oman) was recently held in Karachi. The meeting was chaired by His Excellency Yahya Al-Jabri.
Published 14 Feb, 2020 12:00am
PQFTL celebrates performance excellence
Business & Economy

PQFTL celebrates performance excellence

Pak-Qatar Family Takaful held its Annual Conference in Karachi and Lahore, to celebrate the performance excellence of the Takaful Distribution Team business achievement for year 2019 across the regions of Pakistan and to align the strategic business growt
Published 14 Feb, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 117,611 tonnes of cargo comprising 83,063 tonnes of import cargo and 34,548 tonnes of export cargo including 6,720 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 14 Feb, 2020 12:00am
ICI Pakistan partners with CERB for SDG
Business & Economy

ICI Pakistan partners with CERB for SDG

ICI Pakistan Limited partnered with the Pakistan Business Council's Centre of Excellence in Responsible Business (CERB) to organise a workshop and panel discussion highlighting the importance of sustainability practices. The workshop held at Karachi's Mar
Published 14 Feb, 2020 12:00am
'10th Pak Pharma & Healthcare Expo' concludes
Business & Economy

'10th Pak Pharma & Healthcare Expo' concludes

The three-day 10th Pak Pharma and Healthcare Expo has concluded here on Thursday and during the event approximately business deals worth Rs200 million were struck between pharmaceutical companies, including international companies.
Published 14 Feb, 2020 12:00am
LCCI hails Turkish president's visit as historic
Business & Economy

LCCI hails Turkish president's visit as historic

The Lahore Chamber of Commerce and Industry (LCCI) welcoming the historic visit of Turkish President Recep Tayyip Erdogan to Pakistan, has hoped that it would prove to be another milestone in further cementing the bilateral ties and cooperation between th
Published 14 Feb, 2020 12:00am
Pakistan-Turkey Business Investment Forum today
Business & Economy

Pakistan-Turkey Business Investment Forum today

Board of Investment (BoI) is organising on Friday (today) a Pakistan-Turkey Business Investment Forum to boost bilateral investment in both the countries. According to officials of the BoI, the business-to-business meetings started on Thursday. Subsequent
Published 14 Feb, 2020 12:00am
Turkish company keen to expand investments
Business & Economy

Turkish company keen to expand investments

Koç Holding, the largest Turkish enterprise, has expressed its commitment to further expand its investments and operations in Pakistan. This was stated by Can Dincer, chief commercial officer of Arçelik, a subsidiary of Koç Holding in Turkey, while addres
Published 14 Feb, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 186,639 tonnes of cargo comprising 114,882 tonnes of import cargo and 71,757 tonnes of export cargo including 8,636 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 13 Feb, 2020 12:00am
Soomro briefed on status of to be privatised entities
Business & Economy

Soomro briefed on status of to be privatised entities

Federal Minister for Privatisation Mohammedmian Soomro chaired a meeting to review progress made so far in the privatisation of selected public sector entities (PSEs). Transaction managers, consultants and senior officials of the ministry attended the mee
Published 13 Feb, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 113,942 tonnes of cargo comprising 66,295 tonnes of import cargo and 47,647 tonnes of export cargo including 6,573 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 66
Published 12 Feb, 2020 12:00am
NBFI & Modaraba Association team visits FPCCI
Business & Economy

NBFI & Modaraba Association team visits FPCCI

A delegation of NBFI & Modaraba Association of Pakistan led by its Chairman Muhammad Shoaib Ibrahim, consisting of Basheer A Chowdry, Raheel Q Ahmad, Ahsanullah Khan and Muhammad Samiullah visited FPCCI to congratulate Mian Anjum Nisar on his election as
Published 12 Feb, 2020 12:00am
Pakistan exhibitors participate in Ambiente fair
Business & Economy

Pakistan exhibitors participate in Ambiente fair

Pakistani exhibitors participated in Ambiente, Frankfurt fair held from 7 to 11 February 2020. Pakistan has been participating in Ambiente for many years and a number of industries have developed from this fair such as cutlery, crockery and salt products.
Published 12 Feb, 2020 12:00am
Umar for expediting work on Railways ML-1
Business & Economy

Umar for expediting work on Railways ML-1

Federal Minister for Planning, Development and Special Initiatives Asad Umar has directed the financing committee to expedite its work and engage with the Chinese side to finalise the terms and conditions of financing of the ML-1 Railways Project.
Published 12 Feb, 2020 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 269,117 tonnes of cargo comprising 173,076 tonnes of import cargo and 96,041 tonnes of export cargo including 10,355 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 11 Feb, 2020 12:00am
Pak-Pharma & Healthcare Expo begins tomorrow
Business & Economy

Pak-Pharma & Healthcare Expo begins tomorrow

A three-day Pak-Pharma and Healthcare Expo-2020 will be held on February 11-13 at the Expo Centre Lahore without the participation of Chinese exhibitors as they have declined to visit Pakistan due to prevailing novel coronavirus situation in China.
Published 10 Feb, 2020 12:00am
WCCI's women handicraft bazaar held in Peshawar
Business & Economy

WCCI's women handicraft bazaar held in Peshawar

The 3rd women handicraft bazaar was organised by Women Chamber of Commerce and Industry (WCCI) in Government Technical and Vocational Centre for Women Gulbahar Peshawar on Sunday. The women bazaar was inaugurated by Member of Provincial Assembly, Rabia Ba
Published 10 Feb, 2020 12:00am
FPCCI urges government to declare cotton emergency
Business & Economy

FPCCI urges government to declare cotton emergency

President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Anjum Nisar has suggested that to increase the crop size in the coming years the government should declare cotton emergency and take all necessary measures and plan of act
Published 09 Feb, 2020 12:00am
Punjab sets up 3rd online home delivery shop
Business & Economy

Punjab sets up 3rd online home delivery shop

On the directions of Punjab Govt the District Administration has established 3rd online home delivery Drust Dam shop at D Type Pull main Sammundri road. The D Type Colony, Samanabad, Abdullah Colony, Nawabanwala, Muzaffar Colony, Maqsoodabad, Nisar Colony
Published 09 Feb, 2020 12:00am
Colour & Chem Expo put off
Business & Economy

Colour & Chem Expo put off

After the current situation developed in China after coronavirus outbreak and restrictions of travel from China, the 6th Color & Chem Expo that was scheduled to be held on February 29 has been postponed.
Published 09 Feb, 2020 12:00am
FCAG chief asks government to review ATTA
Business & Economy

FCAG chief asks government to review ATTA

President, Frontier Customs Agents Group (FCAG), Khyber Pakhtunkhwa, Zia-ul-Haq Sarhadi has asked the federal government to review Afghan Transit Trade Agreement (ATTA) that had deprived Pakistani ports of the 70 percent transit trade.
Published 09 Feb, 2020 12:00am
Malik Sohail Hussain appointed PABA coordinator
Business & Economy

Malik Sohail Hussain appointed PABA coordinator

Renowned leader of the business community Malik Sohail Hussain has been appointed as Chairman Coordination of Pakistan American Business Association (PABA) with an aim to bring business communities of both countries closer. Based in Washington, PABA is a
Published 09 Feb, 2020 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 122,442 tonnes of cargo comprising 58,977 tonnes of import cargo and 63,465 tonnes of export cargo including 7,370 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 08 Feb, 2020 12:00am
ACCA promotes KP as a gateway to economic prosperity
Business & Economy

ACCA promotes KP as a gateway to economic prosperity

The Association of Chartered Certified Accountants (ACCA) hosted a high-profile corporate networking conference in Peshawar on the theme 'KP: Pakistan's gateway to economic prosperity' providing a platform to region's key stakeholders and thought leaders
Published 08 Feb, 2020 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 93,047 tonnes of cargo comprising 51,695 tonnes of import cargo and 41,352 tonnes of export cargo including 5,586 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 07 Feb, 2020 12:00am
PTI government making progress on economy: Tareen
Business & Economy

PTI government making progress on economy: Tareen

Pakistan Tehreek-e-Insaf (PTI) central leader Jahangir Khan Tareen has said that the PTI government is making positive advancements with regard to improving economy of the country and resolving problems of the masses under the vibrant leadership of Prime
Published 07 Feb, 2020 12:00am
German envoy for enhancing trade ties with Pakistan
Business & Economy

German envoy for enhancing trade ties with Pakistan

German Ambassador to Pakistan Bernhard Schlagheck has said on Thursday evening that Germany is very keen in enhancing and strengthening trade ties with Pakistan. Addressing the members of Sialkot Chamber of Commerce and Industry (SCCI) here he said that G
Published 07 Feb, 2020 12:00am
FCEPL signs MoU with Parliamentary Taskforce on SDGs
Business & Economy

FCEPL signs MoU with Parliamentary Taskforce on SDGs

FrieslandCampina Engro Pakistan Ltd (FCEPL) on Thursday signed a Memorandum of Understanding (MoU) with the Parliamentary Taskforce on Sustainable Development Goals (SDGs) to assist the SDGs Secretariat in achieving its Sustainable Development Goals.
Published 07 Feb, 2020 12:00am
FPCCI urges government not to increase gas tariffs
Business & Economy

FPCCI urges government not to increase gas tariffs

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Anjum Nisar has urged the government to withdraw the proposal of increase in gas tariff otherwise; industry will start closing down which will ultimately result in unemployme
Published 06 Feb, 2020 12:00am
FCCI's JAC satisfied with results of protest movement
Business & Economy

FCCI's JAC satisfied with results of protest movement

Joint Action Committee (JAC) of the Business Community of Faisalabad has expressed satisfaction over the results of their protest movement against increase in energy prices, withdrawal of zero rating facility, imposing 17 percent sales tax and mandatory p
Published 06 Feb, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 129,895 tonnes of cargo comprising 99,752 tonnes of import cargo and 30,143 tonnes of export cargo including 6,279 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 99
Published 05 Feb, 2020 12:00am
Adnan Jalil nominated as Dy Convener FPCCI panel
Business & Economy

Adnan Jalil nominated as Dy Convener FPCCI panel

Mohammad Adnan Jalil, chairman Businessmen Panel (BMP), Khyber Pakhtunkhwa has been nominated as Deputy Convener of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI)'s Budget Advisory Council for the year 2020, said a notification issued
Published 05 Feb, 2020 12:00am
Lucky Cement given CSR Award
Business & Economy

Lucky Cement given CSR Award

Lucky Cement Limited won the Int'l Corporate Social Responsibility Award in the category of "Green Environmental Stewardship" organized by The Professionals Network (TPN), at the 9th CSR Summit & Awards held on 30th Jan, 2020 at a local hotel in Karachi.
Published 05 Feb, 2020 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 207,705 tonnes of cargo comprising 132,431 tonnes of import cargo and 75,274 tonnes of export cargo including 2,761 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 04 Feb, 2020 12:00am
Faisalabad businessmen agree to defer protest
Business & Economy

Faisalabad businessmen agree to defer protest

The business community of Faisalabad has deferred its protestation of February 08 and wheel-jam strike call of February 10 on the assurance of Governor Punjab Chaudhry Mohammad Sarwar. Meanwhile, a joint committee consisting of local parliamentarians and
Published 04 Feb, 2020 12:00am
PCJCCI to hold workshop for entrepreneurs
Business & Economy

PCJCCI to hold workshop for entrepreneurs

Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) have launched a move to equip SMEs and corporate sector with the skill of "Consumer Psychology and Conflict Management". PCJCCI will hold a one-day workshop in collaboration with Featured Trai
Published 04 Feb, 2020 12:00am
Performance of Nespak highlighted
Business & Economy

Performance of Nespak highlighted

National Engineering Services Pakistan (NESPAK) PVT Limited a public sector engineering services and consultancy organisation, has made record progress during 2018/19 by acquiring 87 new projects worth Rs11.14 billion showing an increase of 11 percent mor
Published 04 Feb, 2020 12:00am
Role of UK-based companies praised
Business & Economy

Role of UK-based companies praised

The UK Trade Commissioner for Middle East, Afghanistan and Pakistan, Simon Penney Monday said that the UK-based companies are increasing their businesses in the growing Pakistani market as Unilever has invested $120 million to enhance its production capac
Published 04 Feb, 2020 12:00am
Government criticised over rising food inflation
Business & Economy

Government criticised over rising food inflation

Spokesperson for Sindh government and the provincial Adviser on Law, Environment, Barrister Murtaza Wahab has said in a press conference held at Sindh Assembly Building, Media Corner that the incompetent government of PTI has snatched the bread from the m
Published 04 Feb, 2020 12:00am
150,000 security guards may get job in Malaysia
Business & Economy

150,000 security guards may get job in Malaysia

Pakistan's High Commissioner in Malaysia Amna Baloch Sunday said that Malaysia was negotiating with Pakistan to hire security guards after it had stopped hiring low-skilled workers from other countries. "The initial negotiations between both the countries
Published 03 Feb, 2020 12:00am
15 US trade teams to visit Pakistan in 2020: Malik
Business & Economy

15 US trade teams to visit Pakistan in 2020: Malik

Pak-US Business Council Founder Chairman Iftikhar Ali Malik on Saturday said that 15 high-level US trade delegations will visit Pakistan this year to enhance trade besides exploring investment avenues in various sectors. Malik disclosed this while talking
Published 02 Feb, 2020 12:00am
Italian delegation visits LCCI
Business & Economy

Italian delegation visits LCCI

An Italian delegation comprising Director Centro for International Studies Gabriele Lacovino and Senior Analyst Fancesca Manenti visited the Lahore Chamber of Commerce and Industry (LCCI).
Published 02 Feb, 2020 12:00am
FCCI for upgradation of PESSI Hospital
Business & Economy

FCCI for upgradation of PESSI Hospital

A delegation of the Faisalabad Chamber of Commerce & Industry (FCCI) will meet Ansar Majeed Khan, Provincial Minister for Labor and Human Resources soon to discuss the issues relating to the upgradation of PESSI Hospital Madina Town in addition to the pro
Published 02 Feb, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 165,020 tonnes of cargo comprising 91,832 tonnes of import cargo and 73,188 tonnes of export cargo including 8,345 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargos of 91,
Published 01 Feb, 2020 12:00am
PIA losses hugely reduced: claims minister
Business & Economy

PIA losses hugely reduced: claims minister

The award of Rs 700 million contract for up-gradation of in-flight entertainment (IFE) in eight ageing Boeing 777 aircraft to a local company by Pakistan International Airlines (PIA) echoed in National Assembly on Friday.
Published 01 Feb, 2020 12:00am
FEBR for harmony between FBR & PRA
Business & Economy

FEBR for harmony between FBR & PRA

The Friends of Business and Economic Reforms (FEBR) has demanded harmonization between Federal Board of Revenue (FBR) and Punjab Revenue Authority (PRA) with a view for simplification of tax returns, reducing burden of filing extra returns from the taxpay
Published 01 Feb, 2020 12:00am
TCL launches C8 4K UHD Android TV in Pakistan
Business & Economy

TCL launches C8 4K UHD Android TV in Pakistan

TCL, and one of the world's top three TV brands, has marked the launch of its brand-new Android TV in Pakistan with the introduction of C8. TCL C8 4K UHD TV features advanced AI technology that uses Android P OS, HDR10+, Dolby Vision, Dolby Vision, an Onk
Published 01 Feb, 2020 12:00am
Shazad Dada elected OICCI President
Business & Economy

Shazad Dada elected OICCI President

Shazad Dada, Chief Executive Officer, Standard Chartered Bank Pakistan Limited has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2020 term. This was announced at the 160th Annual General Meeting of
Published 01 Feb, 2020 12:00am
New power tariffs to badly affect export sector: PBIF
Business & Economy

New power tariffs to badly affect export sector: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the export sector is being threatened with disconnections while the exporters may not be able to fulfil their commitments after the new power tariff which will
Published 01 Feb, 2020 12:00am
PAC decides to digitise record
Business & Economy

PAC decides to digitise record

The Public Accounts Committee (PAC) of the Parliament has decided to digitalize entire record of the committee since adoption of the 1973 Constitution. A special subcommittee of the PAC met here on Friday under the chairmanship of Member of National Assem
Published 01 Feb, 2020 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 145,701 tonnes of cargo comprising 99,039 tonnes of import cargo and 46,662 tonnes of export cargo including 7,303 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 9
Published 31 Jan, 2020 12:00am
Plea to facilitate businessmen for boosting trade ties
Business & Economy

Plea to facilitate businessmen for boosting trade ties

The Sarhad Chamber of Commerce and Industry (SCCI) has urged the Islamabad and Kabul to take joint measures to facilitate business community on both sides of the border to further strengthen bilateral and transit trade relations between the two neighbouri
Published 31 Jan, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 150,542 tonnes of cargo comprising 79,457 tonnes of import cargo and 71,085 tonnes of export cargo including 7,863 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 30 Jan, 2020 12:00am
Foodpanda operations expanded to Sargodha, Gujrat
Business & Economy

Foodpanda operations expanded to Sargodha, Gujrat

Foodpnda, the on-demand international food delivery service, has expanded its operations in the cities of Sargodha and Gujrat by opening up the possibility of ordering a world of exciting food flavours from its distinctive pink colour application.
Published 30 Jan, 2020 12:00am
BASF to increase prices
Business & Economy

BASF to increase prices

With immediate effect, or as contract terms allow, BASF will increase prices for its Lupranate(r) MDI (Methylene Diphenyl Diisocyanate) basic products by $200 per metric ton in ASEAN and South Asia. Price adjustments are necessary due to higher raw materi
Published 30 Jan, 2020 12:00am
Clarification
Business & Economy

Clarification

Pakistan Internal Bulk Terminal Limited (PIBT) would like to clarify that "we are not a project of CPEC as mentioned in a news item carried by Business Recorder on January 24th. "Please note that PIBT has been set up as the Country's first terminal
Published 30 Jan, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 126,099 tonnes of cargo comprising 67,402 tonnes of import cargo and 58,697 tonnes of export cargo including 6,329 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 67
Published 29 Jan, 2020 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 284,446 tonnes of cargo comprising 174,013 tonnes of import cargo and 110,433 tonnes of export cargo including 6,070 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 1
Published 28 Jan, 2020 12:00am
Dawood-led team to attend conference in Nairobi
Business & Economy

Dawood-led team to attend conference in Nairobi

A trade delegation from domestic engineering industry, led by Advisor to the Prime Minister on Industries & Production, Commerce, Textile and Investment Abdul Razak Dawood, will attend "1st Africa-Pakistan Trade Development Conference" from 30th-31st Janu
Published 28 Jan, 2020 12:00am
PM vows support to Sindh developments schemes
Business & Economy

PM vows support to Sindh developments schemes

The Prime Minister of Pakistan Imran Khan has assured the Chief Minister Sindh Syed Murad Ali Shah to expedite the process of Sindh government's schemes and said federal schemes in the province would be completed at the earliest.
Published 28 Jan, 2020 12:00am
Envoy for increased Indonesia-Pakistan trade
Business & Economy

Envoy for increased Indonesia-Pakistan trade

Consul General of Indonesia, Totok Prianamto has expressed keen interest to enhance trade ties with Pakistan. The Indonesian Consul General was speaking at a meeting of Pakistan Chemicals and Dyes Merchants Association (PCDMA), he said that as being a Mus
Published 28 Jan, 2020 12:00am
PMT clarification
Business & Economy

PMT clarification

This is apropos a Business Recorder news item "Cost of RBOD-II project escalates due to mismanagement" carried by the newspaper on Jan 21, 2020. The Project Monitoring Team (PMT) has however clarified that it (PMT) is only entitled to assist in tec
Published 28 Jan, 2020 12:00am
Joint declaration of APCPC 2020 issued
Business & Economy

Joint declaration of APCPC 2020 issued

The Islamabad Chamber of Commerce & Industry (ICC&I) organised an "All Pakistan Chambers Presidents Conclave 2020" (APCPC 2020) a few days ago in which 47 presidents of Chambers of Commerce and Industry from across Pakistan participated.
Published 27 Jan, 2020 12:00am
Handicraft bazaar held at WCCI
Business & Economy

Handicraft bazaar held at WCCI

The 2nd women handicraft bazaar was organized by Women Chamber of Commerce and Industry in premises of the chamber here on Sunday. Large number of women visitors thronged to trade fair and took keen interest in their handmade work. They took keen interest
Published 27 Jan, 2020 12:00am
CCP warns companies against unfair trade practices
Business & Economy

CCP warns companies against unfair trade practices

In the interest of general public, the Competition Commission of Pakistan (CCP) has conveyed to the corporate sector that companies involved in misleading and unfair trade practices must be discouraged from selling their inferior products/services in a de
Published 26 Jan, 2020 12:00am
Rs 425.69 billion released under PSDP
Business & Economy

Rs 425.69 billion released under PSDP

The federal government has released Rs 425.69 billion (60.73 per cent) including Rs 85.168 billion foreign aid (66.39 per cent) for various ongoing and new development projects under the Public Sector Development Program (PSDP) 2019-20 against the total b
Published 26 Jan, 2020 12:00am
Five dry ports to become functional in March: Rashid
Business & Economy

Five dry ports to become functional in March: Rashid

Federal Minister for Railways, Sheikh Rasheed Ahmad on Saturday said that five dry ports will be restored and made functional by March this year. Talking to media here after inaugurating the freight train at dry port Mughalpura, the minister said that bus
Published 26 Jan, 2020 12:00am
Bulgarian envoy calls for joint ventures
Business & Economy

Bulgarian envoy calls for joint ventures

Ambassador of Bulgaria Aleksandar Borisov Parashkevov on Saturday said the lowest tax rate and tax holiday has made his country a lucrative destination for investment. Pakistani businessmen should avail this opportunity by joining hands with their Bulgari
Published 26 Jan, 2020 12:00am
BMP for extending business reforms to Peshawar, Quetta
Business & Economy

BMP for extending business reforms to Peshawar, Quetta

Secretary General (Federal) of the Businessmen Panel Ahmad Jawad appreciative of business reforms introduced by the federal government has suggested its extension to Peshawar and Quetta too. He said extension of ease of doing business in other cities of t
Published 25 Jan, 2020 12:00am
Belgian exhibition held at RCCI
Business & Economy

Belgian exhibition held at RCCI

Belgian Business Contact Day and Catalogue Exhibition was held here at the Rawalpindi Chamber of Commerce and Industry (RCCI) aiming to explore new avenues of trade and expand existing relations between the business community of the two countries.
Published 23 Dec, 2019 12:00am
FPCCI elections: SCCI supports BMP panel
Business & Economy

FPCCI elections: SCCI supports BMP panel

Swabi Chamber of Commerce and Industry (SCCI) has announced support to the candidate of Businessman Panel (BMP), Mian Anjum Nisar and his panel for the upcoming annual elections of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI). The e
Published 23 Dec, 2019 12:00am
APBF, TEVTA ink MoU on skill development
Business & Economy

APBF, TEVTA ink MoU on skill development

The All Pakistan Business Forum has signed a memorandum of understanding (MoU) with the Technical Education & Vocational Training Authority (TEVTA) Punjab for promotion of technical and skill development in the province.
Published 22 Dec, 2019 12:00am
FCCI chief advises young students to start businesses
Business & Economy

FCCI chief advises young students to start businesses

Faisalabad is full of successful business entrepreneurs who are not only contributing their productive role for the national economy but are also bringing laurels for the country because of their quality and innovative products, said Rana Sikandar-e-Azam
Published 22 Dec, 2019 12:00am
Muneer optimistic about UBG's electoral prospects
Business & Economy

Muneer optimistic about UBG's electoral prospects

The Patron-in-Chief of United Business Group (UBG) and former President of FPCCI, S M Muneer has expressed the hope that the group candidates will sweep for fifth consecutive time the annual elections of the Federation of Pakistan Chambers of Commerce and
Published 21 Dec, 2019 12:00am
STCL CEO highlights features of products
Business & Economy

STCL CEO highlights features of products

Shabbir Tiles products have been used in mega projects in Pakistan. "Stile is tiling all Pakistan from homeowner to major projects including historical Gurdwara in Kartarpur, all major metro lines including Orange line and Green line etc.," said Masood Ja
Published 21 Dec, 2019 12:00am
Nine companies to participate in Intersec Dubai
Business & Economy

Nine companies to participate in Intersec Dubai

Some nine Pakistani companies are participating in the 22nd edition of Intersec Dubai 2020 fair. Intersec, now in its 22nd edition, will host more than 1,200 exhibitors from 54 countries around the world, taking place at Dubai World Trade Centre from 19-2
Published 21 Dec, 2019 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 178,263 tonnes of cargo comprising 106,284 tonnes of import cargo and 71,979 tonnes of export cargo including 12,097 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 20 Dec, 2019 12:00am
PIA's safety awareness week begins
Business & Economy

PIA's safety awareness week begins

Pakistan International Airlines (PIA) Engineering has initiated a safety awareness week, including fire safety training sessions and safety procedures to be adopted during work at Engineering Hangars.
Published 20 Dec, 2019 12:00am
SAI chief calls for resolving low gas pressure issue
Business & Economy

SAI chief calls for resolving low gas pressure issue

President Site Association of Industry (SAI) Suleman Chawla has urged Karachi Chamber of Commerce & Industry (KCCI) to approach the high ups in Islamabad and also the authorities at SSGC to deal with the low gas pressure being suffered by almost all the i
Published 20 Dec, 2019 12:00am
BMP hopeful of wining presidential election of FPCCI
Business & Economy

BMP hopeful of wining presidential election of FPCCI

Secretary general (Federal) of the Businessmen Panel and former chairman Standing Committee Federation of Pakistan Chambers of Commerce and Industry Ahmad Jawad said Mian Anjum Nisar will give a tough competition in the presidential election of the FPCCI
Published 20 Dec, 2019 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 78,904 tonnes of cargo comprising 54,451 tonnes of import cargo and 24,453 tonnes of export cargo including 4,373 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 19 Dec, 2019 12:00am
Body cream's consignment Indian origin seized at PQ
Business & Economy

Body cream's consignment Indian origin seized at PQ

Model Collectorate of Port Qasim has seized a consignment of body cream of Indian origin, Dove, worth millions of rupees, imported by a Lahore-based importer. According to official sources, on December 16, 2019 attempts were made to import Indian origin D
Published 19 Dec, 2019 12:00am
PBIT signs agreement with NETSOL
Business & Economy

PBIT signs agreement with NETSOL

Punjab Board of Investment & Trade inks a framework agreement with NETSOL Technologies Pakistan, here at PBIT office. The two sides agreed upon technology transfer in Punjab which would create several investment openings in the province for tech sector. C
Published 19 Dec, 2019 12:00am
Efforts afoot to set up export development centre
Business & Economy

Efforts afoot to set up export development centre

The Sarhad Chamber of Commerce and Industry president, Engr Maqsood Anwar Pervaiz has stressed the need for establishment of a 'state of the art' Export Development Centre to further enhance capacity building of exporters and resolve their issues under on
Published 19 Dec, 2019 12:00am
Low gas pressure: SAI seeks PM's help
Business & Economy

Low gas pressure: SAI seeks PM's help

SITE Association of Industry President Mohammad Suleman Chawla Wednesday urged the Prime Minister to issue immediate instructions to Sui Southern Gas Company (SSGC) to ensure gas supply with full pressure to industries so that production activities could
Published 19 Dec, 2019 12:00am
Joint Business Forum invites SBP governor
Business & Economy

Joint Business Forum invites SBP governor

Led by the Pakistan Japan Business Forum, the State Bank Governor Dr Reza Baqir was invited for an interactive session with the members of nine other bi-lateral business forums. Such bi-lateral forums consist of members from Pakistan and so also nationals
Published 19 Dec, 2019 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 59,051 tonnes of cargo comprising 33,888 tonnes of import cargo and 25,163 tonnes of export cargo including 3,516 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 18 Dec, 2019 12:00am
LCCI demands immediate release of refunds
Business & Economy

LCCI demands immediate release of refunds

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to immediately release the refunds up to Rs50 million rupees besides clearing the refunds backlog within two months upon filing of the returns.
Published 18 Dec, 2019 12:00am
PHATA's capacity building plan devised: minister
Business & Economy

PHATA's capacity building plan devised: minister

Housing and Urban Development Minister Mian Mehmood-ur-Rasheed has said that a comprehensive programme of improving the organizational capacity of Punjab Housing and Town Planning Agency (PHATA) has been devised to speedily complete the Naya Pakistan Hous
Published 18 Dec, 2019 12:00am
FPCCI chief hails PM's visit to Bahrain
Business & Economy

FPCCI chief hails PM's visit to Bahrain

President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai has said that Bahrain is an ideal gateway to GCC; and should help Pakistan in signing of FTA with GCC whereon Pakistan is working.
Published 18 Dec, 2019 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 76,576 tonnes of cargo comprising 47,218 tonnes of import cargo and 29,358 tonnes of export cargo including 3,594 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 17 Dec, 2019 12:00am
IMC wins Toyota Commendable Kaizen Award
Business & Economy

IMC wins Toyota Commendable Kaizen Award

IMC has been awarded the Commendable Kaizen Award in the seventh cycle of Customer Satisfaction Kaizen Evolution (CSKE). The competition is hosted by Toyota Motor Asia Pacific (TMAP) every year and all affiliates from the Asia Pacific region take part in
Published 17 Dec, 2019 12:00am
Carrefour, Daraz sign partnership agreement
Business & Economy

Carrefour, Daraz sign partnership agreement

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia has signed a partnership agreement with the leading online marketplace Daraz. This collaboration is a strategic alliance, which wi
Updated 17 Dec, 2019 11:19am
SPI inflation falls 0.53 percent WoW
Business & Economy

SPI inflation falls 0.53 percent WoW

The Sensitive Price Index (SPI) based inflation for combined income groups during the week ended on December 12, 2019 witnessed a reduction of 0.54 percent against December 5, 2019 as it came down from 130.77 points to 130.06 points, said the data release
Published 17 Dec, 2019 12:00am
KATI urges Sindh CM to reprimand KWSB officials
Business & Economy

KATI urges Sindh CM to reprimand KWSB officials

The President of Korangi Association of Trade & Industry (KATI), Sheikh Umer Rehan has urged Sindh Chief Minister Murad Ali Shah to take personal interest in resolving concerns of industries relating to Karachi Water & Sewerage Board (KWSB). "We know that
Published 17 Dec, 2019 12:00am
Emirates appoints Sarhan as VP for Pakistan
Business & Economy

Emirates appoints Sarhan as VP for Pakistan

The Emirates airline has announced the appointment of Mohammad Sarhan as its new vice president for Pakistan. This is part of the airline's management rotation and positions it to better serve customer needs and respond with agility to market dynamics.
Published 17 Dec, 2019 12:00am
Rashid announces 'free track policy'
Business & Economy

Rashid announces 'free track policy'

Federal Minister for Railways Sheikh Rashid Ahmad on Monday announced 'Free Track Policy' for the private clients who could use the railway track for trains. "The move would help the PR to enhance its earnings besides boosting the economy of the country,"
Published 17 Dec, 2019 12:00am
Traders reject increase in properties' rents
Business & Economy

Traders reject increase in properties' rents

Local traders on Sunday strongly protested against unprecedented and increase in properties rents by City District government and demanded of the government to immediate withdraw the hike, otherwise they will launch protest campaign across the province.
Published 16 Dec, 2019 12:00am
Centre releases Rs 298 billion under PSDP
Business & Economy

Centre releases Rs 298 billion under PSDP

The federal government has released Rs 298 billion (42.5 percent) including Rs 61.75 billion foreign aid (48.13 percent) for various ongoing and new development projects under the Public Sector Development Program (PSDP) 2019-20 against the total budgeted
Published 15 Dec, 2019 12:00am
Relief given to export sector not enough: PBIF
Business & Economy

Relief given to export sector not enough: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the relaxations given to the export sector are not enough as abolishing zero-rating has damaged the export sector, therefore, the facility should be given back
Published 15 Dec, 2019 12:00am
15th Build Asia exhibition begins at Expo Centre
Business & Economy

15th Build Asia exhibition begins at Expo Centre

The 15th Build Asia 2019 exhibition has kicked off at Karachi Expo Centre. The event was inaugurated by Dr Khalid Maqbool Siddiqui Federal IT Minister and Arshad Hassan Deputy Mayor Karachi. The objective of 15th Build Asia 2019 is value addition in the m
Published 15 Dec, 2019 12:00am
Economy starts moving toward stability: PM aide
Business & Economy

Economy starts moving toward stability: PM aide

Prime Minister Advisor on Establishment, Muhammad Shehzad Arbab on Saturday said good effects of tough decision have started emerging and the economy has started moving towards stability. He said that the government will soon launch a mega Peshawar develo
Published 15 Dec, 2019 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 66,098 tonnes of cargo comprising 50,922 tonnes of import cargo and 15,176 tonnes of export cargo including 4,416 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 14 Dec, 2019 12:00am
BMP hails drop in trade deficit
Business & Economy

BMP hails drop in trade deficit

The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry Chairman Mian Anjum Nisar has welcomed the significant drop of trade deficit by US$4.8 billion to US$9.7 billion in first five months of this fiscal year against U
Published 14 Dec, 2019 12:00am
Activities at Karachi and Qasim ports
Business & Economy

Activities at Karachi and Qasim ports

The Karachi Port handled 122,992 tonnes of cargo comprising 74,262 tonnes of import cargo and 48,730 tonnes of export cargo including 5,180 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 13 Dec, 2019 12:00am
EOBI official discusses problems with SITE Association
Business & Economy

EOBI official discusses problems with SITE Association

"There is no provision in law for inspection before one year. If any officer visits twice in a year, the matter should be brought to our notice for necessary action," This was stated by Deputy Director General (B&C-1) of E.O.B.I. Anwar Ali Zuberi, while a
Published 13 Dec, 2019 12:00am
FPCCI for enhancing commercial activities with Russia
Business & Economy

FPCCI for enhancing commercial activities with Russia

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai has emphasised on establishing of banking channels and simplification of visa for the enhancement of commercial activities between Russian and Paki
Published 13 Dec, 2019 12:00am
Canadian HC meets Karachi businessmen
Business & Economy

Canadian HC meets Karachi businessmen

Samir Dossal, President of Toronto based Canada Pakistan Business Council hosted a business breakfast in Karachi for a group of Pakistani businessmen and professionals who were addressed by Wendy Gilmour the Canadian High Commissioner in Pakistan.
Published 13 Dec, 2019 12:00am
Reserves crosses $16 billion mark
Business & Economy

Reserves crosses $16 billion mark

The country's total liquid foreign reserves has crossed $16 billion mark end of the week supported by arrival of multilateral and other official inflows. According to State Bank of Pakistan, total liquid foreign reserves held by the country stood at $16.0
Published 13 Dec, 2019 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 172,341 tonnes of cargo comprising 93,243 tonnes of import cargo and 79,098 tonnes of export cargo including 8,401 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 12 Dec, 2019 12:00am
Nespak celebrates 40 years of operations in Oman
Business & Economy

Nespak celebrates 40 years of operations in Oman

National Engineering Services Pakistan (NESPAK) Pvt Limited has successfully completed 40 years of its operations in Oman. Since its establishment in 1979, NESPAK has contributed to 60 to 70 percent road infrastructure development of Oman and earned hefty
Published 12 Dec, 2019 12:00am
Centre releases Rs 250 million for establishing CETP
Business & Economy

Centre releases Rs 250 million for establishing CETP

Federal Government released Rs250 million for establishment of Combined Effluent Treatment Plant (CETP) for industrial areas of Karachi. The released funds of Rs250 million since the first week of December in financial year 2019-20 is the fifty percent of
Published 12 Dec, 2019 12:00am
PBIF chief concerned at Rs 1.5 trillion circular debts
Business & Economy

PBIF chief concerned at Rs 1.5 trillion circular debts

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain said that Rs1.5 trillion circular debts is a serious threat to the economy. All the efforts to bring circular debt to a single digit have failed while the recent report of A
Published 12 Dec, 2019 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 158,716 tonnes of cargo comprising 106,804 tonnes of import cargo and 51,912 tonnes of export cargo including 8,740 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 11 Dec, 2019 12:00am
Punjab government to conduct audit of projects
Business & Economy

Punjab government to conduct audit of projects

The PTI-led Punjab government has decided to conduct audit of projects initiated during the tenure of incumbent government, it has been learnt. The sources claimed that audit will be launched from next year. Action will be taken against the irregularities
Published 11 Dec, 2019 12:00am
PESSI's facilitation centre set up at LCCI
Business & Economy

PESSI's facilitation centre set up at LCCI

After inauguration of Punjab Employees Social Security Institution (PESSI) facilitation center on Tuesday, the Lahore Chamber of Commerce and Industry (LCCI) has become the first chamber having 10 facilitation centers for its members.
Published 11 Dec, 2019 12:00am
SCCI, SMEDA to set up business facilitation centre
Business & Economy

SCCI, SMEDA to set up business facilitation centre

The Sarhad Chamber of Commerce and Industry (SCCI), and Small and Medium Enterprises Development Authority (SMEDA) have expedited their efforts to establish a proposed Business Facilitation Centre with an object to resolve business community issues and br
Published 11 Dec, 2019 12:00am
FPCCI urges govt to implement food security policy
Business & Economy

FPCCI urges govt to implement food security policy

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Engr Daroo Khan Achakzai Tuesday urged the government to implement the national food security policy which was announced in 2018 and also increase investment in agriculture researc
Published 11 Dec, 2019 12:00am
Tyres' import declines from 5 million to 2.4 million
Business & Economy

Tyres' import declines from 5 million to 2.4 million

The import of automotive tyres has declined to 2.4 million in 2018-19 from 5 million in 2017-18 mainly due to increase in the duty and taxes. According to the industry sources, the government raised duties in 2017-18 to help local industries grow and this
Published 11 Dec, 2019 12:00am
PIA, Jazz sign MoU
Business & Economy

PIA, Jazz sign MoU

Pakistan International Airlines (PIA) and Jazz have signed a MoU to facilitate passengers of the airline and PIA employees. According to the MoU, Jazz, Pakistan's leading digital communications Company, is seeking to provide PIA the services of an e-ticke
Published 11 Dec, 2019 12:00am
Fauji Foundation, KEPCO KPS sign MoU
Business & Economy

Fauji Foundation, KEPCO KPS sign MoU

Fauji Foundation (FF) and KEPCO Plant Service & Engineering Co Ltd (KEPCO KPS) signed a Memorandum of Understanding (MoU) which will enable parties to provide O&M services as third party contractor in Pakistan and abroad.
Published 11 Dec, 2019 12:00am
Activities at Karachi and Qasim ports
Business & Economy

Activities at Karachi and Qasim ports

The Karachi Port handled 241,525 tonnes of cargo comprising 130,570 tonnes of import cargo and 110,955 tonnes of export cargo including 2,253 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 10 Dec, 2019 12:00am
PIA flight put on hold at Kabul Airport
Business & Economy

PIA flight put on hold at Kabul Airport

PIA flight PK 250 for the sector Kabul-Islamabad was kept on hold and delayed due to runway maintenance at Kabul Airport. PIA spokesman said that due to obstruction at the start of the runway, full length of take-off was not available. The authorities ins
Published 10 Dec, 2019 12:00am
KP CM launches E-governance for contractors, firms
Business & Economy

KP CM launches E-governance for contractors, firms

KP Chief Minister Mahmood Khan has formally launched the E-governance for contractors and firms that would benefit as many as 7000 contractors of the province. Provincial Minister for C&W Akbar Ayub Khan, Principal Secretary to Chief Minister Shahab Ali S
Published 09 Dec, 2019 12:00am
Ministry spends over a million on designer's visit
Business & Economy

Ministry spends over a million on designer's visit

Commerce Ministry has spent over a million rupees on the visit of a two-member team including Stella Jean, Italian fashion designer from the Export Development Fund (EDF). She was invited by the Prime Minister Adviser on Commerce, Industries and Productio
Published 09 Dec, 2019 12:00am
Opponents scared of speedy uplift projects: Ghani
Business & Economy

Opponents scared of speedy uplift projects: Ghani

Sindh Minister for Information, Archives and Labour Saeed Ghani Sunday said that Pakistan People's Party had been serving the masses for the last four decades and it would continue to do so in the years to come. "Our opponents and critics were showing env
Published 09 Dec, 2019 12:00am
UBG candidate elected FPCCI VP unopposed
Business & Economy

UBG candidate elected FPCCI VP unopposed

Muhammad Ali Quaid, a candidate of United Business group (UBG), has been elected unopposed as Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the year 2020 on federal area seat unofficially.
Published 08 Dec, 2019 12:00am
Guidelines for ADP for next FY explained
Business & Economy

Guidelines for ADP for next FY explained

The Sindh government in its guidelines for Annual Development Programme (ADP) for the next financial year explained that the amount for the projects to be financed through foreign assistance should separately be mentioned in rupees, indicating the expendi
Published 08 Dec, 2019 12:00am
PIA urged to set up sub-office at LCCI
Business & Economy

PIA urged to set up sub-office at LCCI

President of the Lahore Chamber of Commerce & Industry Irfan Iqbal Sheikh on Saturday invited the Pakistan International Airlines (PIA) to establish its sub office at the Lahore Chamber to facilitate its members.
Published 08 Dec, 2019 12:00am
FCCI to ink MoU with Cross Border E-Commerce Forum
Business & Economy

FCCI to ink MoU with Cross Border E-Commerce Forum

Faisalabad Chamber of Commerce & Industry (FCCI) will ink a Memorandum of Understanding (MoU) with Cross Border E-Commerce Forum to introduce this innovative tool to give a quantum jump to the export especially by SME sector, said Rana Sikandar-e-Azam Pre
Published 08 Dec, 2019 12:00am
Activities of Karachi Port and Port Qasim
Business & Economy

Activities of Karachi Port and Port Qasim

The Karachi Port handled 97,245 tonnes of cargo comprising 68,541 tonnes of import cargo and 28,704 tonnes of export cargo including 3,551 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 07 Dec, 2019 12:00am
SCCI chief to contest for FPCCI's top slot
Business & Economy

SCCI chief to contest for FPCCI's top slot

The President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Ashraf Malik has said that Dr. Nouman Idris Butt is fit for representing the Export Based Industry of Sialkot in the most enlightened manner and his nomination would serve the purpose
Published 07 Dec, 2019 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 91,092 tonnes of cargo comprising 45,893 tonnes of import cargo and 45,199 tonnes of export cargo including 4,992 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 06 Dec, 2019 12:00am
Churra appointed VC of KCCI sub-committee
Business & Economy

Churra appointed VC of KCCI sub-committee

President, Karachi Chamber of Commerce and Industry (KCCI) Agha Shahab Ahmed Khan has appointed Aamir Churra as Vice Chairman of KCCI Sub Committee Public Sector Utilities Power and Gas for the year 2019-20.Aamir Churra thanked the KCCI President Agha Sha
Published 06 Dec, 2019 12:00am
Activities at Karachi Port and Port Qasim
Business & Economy

Activities at Karachi Port and Port Qasim

The Karachi Port handled 135,756 tonnes of cargo comprising 99,504 tonnes of import cargo and 36,252 tonnes of export cargo including 6,412 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 05 Dec, 2019 12:00am
FCCI team returns from Saudi Arabia
Business & Economy

FCCI team returns from Saudi Arabia

An advance party from Saudi Arabia is arriving here in Faisalabad during January 2020 to complete the spade work for a full fledge visit of trade delegation from Saudi Arabia, said Rana Sikandar-e-Azam Khan, President Faisalabad Chamber of Commerce & Indu
Published 05 Dec, 2019 12:00am
Shallwani for investment in civic utilities orgs
Business & Economy

Shallwani for investment in civic utilities orgs

Commissioner of Karachi Iftikhar Ali Shallwani while speaking at a meeting of Korangi Association of Trade & Industry (KATI) said that there is an urgent need to invest in basic civic utilities such as water supply and sewerage, transportation and solid w
Published 05 Dec, 2019 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 123,208 tonnes of cargo comprising 85,886 tonnes of import cargo and 37,322 tonnes of export cargo including 3,522 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 04 Dec, 2019 12:00am
Murad orders appointment of Malir Expressway PD
Business & Economy

Murad orders appointment of Malir Expressway PD

Sindh Chief Minister Syed Murad Ali Shah on Tuesday directed Chief Secretary to appoint a Project Director for Malir Expressway so that it could be started within next seven months. Chief minister was presiding over a meeting to review the development pro
Published 04 Dec, 2019 12:00am
Pakistan hospitality show kicks off
Business & Economy

Pakistan hospitality show kicks off

Pakistan's very first exhibition on hospitality embraced world attention on the potential of country's opportunities of hotel and tourism industry. As many as 60 local and foreign companies and their representatives showcased their products and services a
Published 04 Dec, 2019 12:00am
ACCA survey highlights challenges faced by SMEs
Business & Economy

ACCA survey highlights challenges faced by SMEs

The research, commissioned by the Association of Chartered Certified Accountants (ACCA), has highlighted that of 932 cross-sector accountants surveyed, fewer than one in three believes there is enough support for small businesses to tackle bribery and cor
Published 04 Dec, 2019 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 216,468 tonnes of cargo comprising 156,845 tonnes of import cargo and 59,623 tonnes of export cargo including 2,798 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 03 Dec, 2019 12:00am
Chairman of Ora Developers meets PM
Business & Economy

Chairman of Ora Developers meets PM

Naguib Sawiris, Chairman of Ora Developers, during his two-day visit to Pakistan met with Prime Minister Imran Khan. The meeting was attended by Minister for Overseas Pakistanis Zulfiqar Bukari and the top management of Eighteen, says a press release issu
Published 03 Dec, 2019 12:00am
PIAF rejects meagre cut in petroleum prices
Business & Economy

PIAF rejects meagre cut in petroleum prices

The Pakistan Industrial and Traders Associations Front (PIAF) on Monday rejected a meager cut of just 25 paisa in petrol prices and termed it a cruel joke with trade and industry which is already facing a record high production cost.
Published 03 Dec, 2019 12:00am
Zameen.com to hold 'Pakistan Property Show' in Dubai
Business & Economy

Zameen.com to hold 'Pakistan Property Show' in Dubai

Pakistan's largest real estate portal, Zameen.com, has announced to hold another edition of the "Pakistan Property Show" at the Dubai World Trade Centre on December 6 and 7. This 2019 edition is all set to become the company's third consecutive annual pro
Published 03 Dec, 2019 12:00am
Mansehra airport project denotified, NA body told
Business & Economy

Mansehra airport project denotified, NA body told

Pakistan Civil Aviation Authority has told the sub-committee of the National Assembly Standing Committee on Planning, Development and Reform that Mansehra Airport project is not commercially viable and the government has de-notified it.
Published 03 Dec, 2019 12:00am
Ex-FPCCI VPs call for electing BMP panel
Business & Economy

Ex-FPCCI VPs call for electing BMP panel

Former vice presidents, Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Sultan Mohmand and Zafar Jalil Mastikhel have urged on the business community to vote for the panel of eminent industrialist/businessman, Mian Anjum Nisar in the annu
Published 02 Dec, 2019 12:00am
SMEDA convenes ECDF meeting tomorrow
Business & Economy

SMEDA convenes ECDF meeting tomorrow

Small and Medium Enterprises Development Authority (SMEDA) has convened a meeting of the Economic Cooperation & Development Forum (ECDF) on Tuesday (tomorrow) to review findings of the thematic groups on challenges and opportunities for economic growth of
Published 02 Dec, 2019 12:00am
LCCI for single digit mark-up
Business & Economy

LCCI for single digit mark-up

The Lahore Chamber of Commerce and & Industry (LCCI) has urged the State Bank of Pakistan (SBP) to bring down the mark-up rate to single digit in the larger interest of trade, industry and economy.
Published 01 Dec, 2019 12:00am
Hafeez Aziz named KCCI body chief
Business & Economy

Hafeez Aziz named KCCI body chief

President of Karachi Chamber of commerce and Industry (KCCI), Agha Shahab Ahmed Khan has appointed Hafeez Aziz as a chairman of KCCI's law and order sub-committee for the year 2019-20.
Published 01 Dec, 2019 12:00am
TCL posts growth both in local, exports sales
Business & Economy

TCL posts growth both in local, exports sales

The domestic (local) and export sales of Treet Corporation Limited (TCL) has witnessed growth in 2019 with its corporation restructuring plan on target, revealed during the Corporate Briefing Program (CBP) of the listed company on Saturday.
Published 01 Dec, 2019 12:00am
KP CM orders timely release of uplift schemes' funds
Business & Economy

KP CM orders timely release of uplift schemes' funds

KP Chief Minister Mahmood Khan has directed the finance department to ensure timely release of required funds for all developmental schemes that are due for completion in the province along with intimating the concerned quarters to resolve the stalemate i
Published 01 Dec, 2019 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 146,016 tonnes of cargo comprising 91,449 tonnes of import cargo and 54,567 tonnes of export cargo including NA loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 30 Nov, 2019 12:00am
TCL launches flagship store in Capital
Business & Economy

TCL launches flagship store in Capital

TCL, the number one TV brand in Pakistan, here on Friday launched a flagship store located at Jinnah Avenue Blue Area Islamabad. TCL always looking to provide an ever-improving customer experience has launched THE SAID store in Islamabad located at Hayat
Published 30 Nov, 2019 12:00am
Pakistan, Iran discuss hurdles facing businessmen
Business & Economy

Pakistan, Iran discuss hurdles facing businessmen

7th joint border trade committee (JBTC) two days session held at Zahedan Iran from 28th to 29th November 2019. Pakistani team consisted Customs, FIA, Fisheries deptt, provincial transport authority, trade development authority of Pakistan Quetta, Home And
Published 30 Nov, 2019 12:00am
PBIF voices concern over rising poverty
Business & Economy

PBIF voices concern over rising poverty

Pakistan Businessmen and Intellectuals Forum's (PBIF) President, Mian Zahid Hussain has expressed concern over increasing poverty at a rapid pace while price volatility is taking a toll on masses.
Published 30 Nov, 2019 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 155,143 tonnes of cargo comprising 95,705 tonnes of import cargo and 59,438 tonnes of export cargo including 8,458 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 29 Nov, 2019 12:00am
Zameen.com launches new 'Plot Finder' tool
Business & Economy

Zameen.com launches new 'Plot Finder' tool

Pakistan's largest real estate portal Zameen.com debuted its brand new tool Plot Finder at a launch event held at a local hotel, with media representatives and the company's senior management in attendance.
Published 29 Nov, 2019 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 178,032 tonnes of cargo comprising 114,025 tonnes of import cargo and 64,007 tonnes of export cargo including 8,964 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 28 Nov, 2019 12:00am
Punjab Small Industrial Estate Policy-2020 approved
Business & Economy

Punjab Small Industrial Estate Policy-2020 approved

Punjab Small Industries Corporation Board in its meeting on Wednesday approved the Punjab Small Industrial Estate Policy-2020, reorganization plan of Punjab Small Industries Corporation and establishment of small industrial estate comprising on 50 acre la
Published 28 Nov, 2019 12:00am
Kazakhstan keen to promote bilateral trade: envoy
Business & Economy

Kazakhstan keen to promote bilateral trade: envoy

The Ambassador of Kazakhstan to Pakistan Akan Rakhmetullin visited Sialkot on Wednesday to witness the unique export culture and craftsmanship of this export hub. The purpose of the visit was to find out the ways and means for accelerating the pace of two
Published 28 Nov, 2019 12:00am
Banks urged to lend a helping hand to SMEs
Business & Economy

Banks urged to lend a helping hand to SMEs

Analyst Ateeq Ur Rehman has said it is encouraging to note that the government has decided to enhance private sector credit for Small and Medium Enterprises (SMEs), ie, from 7.5 percent to 17 percent by 2023 and borrowers from Rs200, 000 to Rs300,000. Com
Published 28 Nov, 2019 12:00am
Activities at Karachi and Qasim Ports
Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 89,005 tonnes of cargo comprising 36,527 tonnes of import cargo and 52,478 tonnes of export cargo including 1,940 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 27 Nov, 2019 12:00am
Chinese team, CM discuss CPEC-related projects
Business & Economy

Chinese team, CM discuss CPEC-related projects

Terming the CPEC project as a game-changer initiative for Pakistan, the Punjab Chief Minister Sardar Usman Buzdar on Tuesday said this initiative has written a new history of economic cooperation between the two countries.
Published 27 Nov, 2019 12:00am
Activities at Karachi and Port Qasim
Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 164,409 tonnes of cargo comprising 68,008 tonnes of import cargo and 96,401 tonnes of export cargo including 2,221 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Published 26 Nov, 2019 12:00am
Richard Quest to speak at AdAsia Lahore
Business & Economy

Richard Quest to speak at AdAsia Lahore

The world renowned CNN anchor Richard Quest will be a key note speaker at AdAsia 2019 being held at Lahore from December 2-5 this year. Quest is CNN's foremost international business correspondent and presenter of Quest Means Business, the 5 times weekly
Published 25 Nov, 2019 12:00am
Ali Zaidi to address 31st session of IMO Assembly
Business & Economy

Ali Zaidi to address 31st session of IMO Assembly

Minster for Maritime Affairs Syed Haider Ali Zaidi will address the 31st session of International Maritime Organization (IMO) Assembly as a guest Speaker and highlight the country's priorities and achievements in Maritime sector. The 31st session of IMO w
Published 25 Nov, 2019 12:00am