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The Korangi Association of Trade and Industry (KATI) has formally declared its support for the nationwide traders’ strike set to take place on August 28, 2024. The announcement was made in a joint statement by key figures within KATI, including President Johar Qandhari, Deputy Patron-in-Chief Zubair Chhaya, Senior Vice President Nighat Awan, Vice President Muslim …
Continue reading “KATI Backs Nationwide Traders’ Strike, Urges Govt to Address Economic Crisis”
The International Monetary Fund (IMF) has released its Executive Board meeting schedule up to September 4, 2024, with Pakistan, despite its severe financial struggles, notably absent from the agenda. This omission has raised concerns, as Pakistan is in dire need of financial support to stabilize its economy. However, sources indicate that the Pakistani government remains …
Continue reading “Pakistan Absent from IMF Agenda, Govt Still Optimistic”
Prime Minister Shehbaz Sharif reviewed the legal and procedural aspects of dissolving the Public Works Department (PWD) on Sunday, focusing on the re-employment of diligent employees and suggesting age relaxation for those with short service tenures. During a high-level meeting, PM Sharif underscored that employees with serious corruption charges would not receive financial packages. The …
Continue reading “PM Shehbaz Sharif Moves to Dissolve PWD, Emphasizes Paperless Governance”
Federal Minister for Power, Awais Leghari, announced on Monday that the ruling coalition government is exploring the installation of prepaid electricity meters, similar to those used for mobile phones. The initiative aims to combat electricity theft and improve payment reliability. In a press conference in Multan, Leghari emphasized the government’s dedication to eradicating electricity theft …
Continue reading “Govt Considers Prepaid Electricity Meters to Cut Costs”
Pakistan will be introducing new currency notes by the end of this year, according to Jameel Ahmed, Governor of the State Bank of Pakistan (SBP). The governor told the Senate Standing Committee on Finance and Revenue that all current notes from Rs. 10 to Rs. 5,000 will be replaced. The new notes will be made …
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The National Electric Power Regulatory Authority (NEPRA) has given the green light to K-Electric’s monthly Fuel Charge Adjustment (FCA) requests for May and June 2024. The FCA rates will be set at 2.59 rupees per unit for May and 3.168 rupees per unit for June, though these charges will be applied separately over the two …
Continue reading “NEPRA Approves K-Electric FCA Rates for May and June 2024”
Iftikhar Ahmed Sheikh, President of the Karachi Chamber of Commerce and Industry (KCCI), has called for an immediate halt to the Tajir Dost Scheme and the withdrawal of tax notices issued to small shopkeepers. Sheikh highlighted that the scheme requires shopkeepers to pay a hefty tax of Rs60,000 per month, a sum deemed unaffordable for …
Continue reading “KCCI Urges Delay of Tajir Dost Scheme and Withdrawal of Tax Notices”
The Pakistan Business Council (PBC) issued a stark warning on Friday, highlighting a troubling trend that has seen several multinational companies (MNCs) either planning to relocate their back offices from Pakistan or having already done so in recent months. This development is seen as a significant blow to the country’s struggling economy, which is already …
Continue reading “Multinational Companies Exit Pakistan Due to Internet Disruptions”
The Karachi Chamber of Commerce and Industry (KCCI) has issued a strong appeal to the federal government, calling for immediate relief in electricity bills for the people of Sindh. In a recent statement, the KCCI emphasized the urgent need for a reduction of 14 rupees per unit in electricity tariffs, similar to the relief recently …
Continue reading “KCCI Urges Govt to Provide Relief in Electricity Bills for Sindh”
K-Electric CEO Syed Moonis Abdullah Alvi has publicly addressed recent controversial remarks made by a Pakistan Tehreek-e-Insaf (PTI) member about the attire of a female employee at the company. Alvi took to X, formerly known as Twitter, to express his disappointment over the comments and to reaffirm KE’s commitment to gender equity in the workplace. …
Continue reading “KE CEO Moonis Alvi Condemns Remarks Against Female Employee”
