The Pak Sukuzi Motor Company (PSMC) announced on Monday that all of its production facilities will be shut down due to a shortage of inventory as a result of a ban on the import of auto parts. The decision will be effective from 2nd January to 6th January 2023. Head of Public Relations and official …
Category Archives: Business
Pakistani Alvir Airways Founder Wins Award
Alvir airways is an upcoming Pakistani airline that aims to combine a comfortable and quality flight experience along with the joy of tourism to explore and enjoy the hidden treasures of Pakistan. The founder of Alvir Airways is Ms. Huma Batool who is the chairperson of Alvir Airways Private Limited and managing director of Vantage …
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Tesla Cancels Operations in Shanghai Plant
It might seem that Tesla has canceled the production operations in the Shanghai plant because of the coming year-end holidays but that is not the case. On Saturday, Tesla informed their workers to suspend the production sector and take a break. The Autocar company did not explain and gave any sort of explanation to the …
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Pakistan International Airlines Increases Ticket Fares
Pakistan International Airlines and private airlines have jacked up ticket prices, both domestic and international. the reason for this price hike is because of a huge gap between supply and demand. Furthermore, Pakistan international airlines increased the prices because of the holiday season as well. Christmas, Winter, and New Years’ holidays are right around the …
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Trade Authority of Pakistan Empowers Women Through Finance Training
Now more than ever, women are starting to venture into the business community to build themselves and their lives and also empower other women to do the same. First Women Bank Limited is also an empowering opportunity for women situated in Karachi, Pakistan to support women in their business ventures and provide them with resources …
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Syngenta Pakistan Launches Crop Insurance Program
Syngenta is one of the leading agricultural companies in the world that specializes in all aspects of agriculture and its relation with technology. Syngenta aims to develop programs to save plants and improve the quality and sustainability of agriculture and agricultural products. Syngenta recently launched a program in Pakistan which is a weather and pragmatic …
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Globe Residency REIT Raises PKR. 388 Million
Globe Residency REIT or GRR is a construction project that is managed by Arif Habib Dolmen REIT at Naya Nazimabad. The developmental scheme contains nine towers or buildings with apartments that will be ready for possession in 3 years. This scheme allowed the general public to invest in the project. It also offers investors the …
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Our Workforce is Our Strength – CEO Indus Motors
Recently a major car company, Indus Motors the biggest dealer of Toyota in Pakistan announced that it will shut down its operations for ten days. Indus Motors made the announcement as the non-issuance of letters of credit by the State Bank caused immense restrictions on imported car parts. Due to this situation, the automobile company …
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Old Design Banknotes will not be exchanged after December 31
Karachi: The Federal Government vide Gazette Notification had extended the last date for exchange ability of old banknotes of Rs 10, 50, 100 & 1000 by one year. The holders of these old design large banknotes have been given the last chance to exchange these old design large size banknotes from the field offices of …
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Pakistan Airlines Increases Revenue By 2 Billion
Pakistan international airlines (PIA) collborated with Turkish airlines to begin a new venture. This venture turned out quite fruitful for PIA in terms of the revenue it generated. According to PIA, the airlines sold around 38,000 tickets after making collaborations with Turkish airlines in just a month. Also, PIA revealed that it generated a revenue …
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Egyptian Companies to Invest in Pakistan
Pakistan’s Finance Minister, Ishaq Dar held a meeting in Islamabad with the Egyptian business Tycoon and CEO of an Egyptian company called Eighteen Elite Real Estate, Tarek Hamdy. In this meeting, the Egyptian tycoon revealed his desire to work and invest in Pakistan. He said, Egyptian investors, have long-standing business relations with Pakistan in the …
Reko Diq Project Continues After Court’s Approval
Reko Diq is the world’s largest undeveloped mine of copper and gold which is located in the Chaghai District in Baluchistan, Pakistan. It is the largest mine in the world because it has estimated reserves of 5.4 billion tonnes of copper and gold ore. However, a dispute case stopped the development of this project. But …
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Pakistan Gets $475 Million Loans from ADB
Pakistan became the victim of climate change earlier this year when heavy floods strangle the provinces of Sindh and Khyber Pakhtunkhwa. Abnormal rains, thunderstorms, and melting glaciers all surrounded Pakistan and resulted in immense damage. Due to floods, more than 1700 people died among which many were women and children. Floods damaged countless properties, villages, …
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FTX Founder Sam Bankman Arrested
The founder of the cryptocurrency exchange FTX, Sam Bankman-Fried was arrested in the Bahamas after bankruptcy Sam Bankman-Fried became the biggest name in the cryptocurrency exchange market as he established FTX and build a billion-dollar company. However, things did not go smoothly as expected as the cryptocurrency exchange crashed. Bankman-Fried filed for bankruptcy in the …
NBP, SIAPEP sign Letter to promote High-Efficiency Irrigation Systems
Karachi: National Bank of Pakistan (NBP) and the Sindh Irrigated Agriculture Productivity Enhancement Project (SIAPEP), a government initiative, have signed an agreement in Karachi to promote high-efficiency irrigation systems for efficient use of water and crop productivity. The SIAPEP is providing financial assistance to eligible farmers at the rate of 60% of the total cost …
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Renowned Industrialist, Leader Business community SM Muneer passes away in Karachi
Karachi: Renowned Industrialist and leader of Business community Shaikh Muhammad Muneer (S.M Muneer, aka Bhai Jan) breathed his last in Karachi. According to details, he was long been ill and had his kidney transplant previously. His family informed that Din Group’s chairman’s Namaz e Janaza will be held after Zuhar at 1.30pm on November 29 …
Kamran Tessori Discusses Issues of Business Community with Finance Minister
KARACHI: Governor Sindh Kamran Tessori has said that he is the ambassador of the business community who talks to the government conveying the problems of businessmen and industrialists as their representative. Two days later, Federal Finance Minister Ishaq Dar is visiting the Governor House, where he will address all the issues faced by the business …
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USAID Helps Flood Affected Farmers in KPK
USAID’s initiative Economic Recovery and Development Activity (ERDA) will help flood affected farmers in Khyber Pakhtunkhwa. USAID-ERDA program will provide assistance to agriculture, livestock, cooperative department and government of Pakistan. It is estimated that they will provide 743 tons of wheat seeds, more than 1000 tons of fertilizer to 14000 flood affected farmers of Pakistan. …
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First Hybrid Electric Car All Set to Launch in Pakistan
Pakistan is all set to launch first ever hybrid electric car model on November 17th 2022, manufactured by Sazgar Engineering Pakistan’s leading rickshaw manufacturer, Sazgar Engineering Works Limited has announced to launch first hybrid electric car in Pakistan. It will be released under the brand name ‘Haval’ on 17th November, 2022. They announced this exciting news …
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ISSI Organises it’s Third Thought Leaders on Thursday
Karachi: The Institute of Strategic Studies Islamabad (ISSI) organized its third Thought Leaders Forum (TLF) on Thursday. Many significant personalities attended the event organized on November 17 including Senator Dr. Musadik Masood Malik, Minister of State Ministry of Energy Petroleum Division, Ambassador Aizaz Ahmad Chaudhry Director GeneralISSI Organises it’s Third Thought Leaders on Thursday The …
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World Bank Decides to Give $1.3 Billion to Pakistan
World Bank will provide $1.3 billion to Pakistan to provide agricultural and housing relief for flood-stricken population This year Pakistan faced unprecedented floods that damaged acres of land, people’s properties and took lives of hundreds of people. Ministry of national food and security, Tariq Bashir Cheema revealed that the World Bank has decided to give …
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SBP Governor Ensures Pakistan’s Stability
SBP Governor says that Pakistan has enough dollars to remain stable and avoid default position that everyone fears Governor of State Bank of Pakistan (SBP), Jameel Ahmed assured the nation that Pakistan has enough dollars in its reserves to meet foreign debt obligations. Recently an event took place at Institute of Business Administration (IBA) where …
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Europe’s Top Stock Market is Not London Anymore
London’s stock market has lost its position as the Europe’s top stock market because of struggling economy Britain’s stock market remained the top stock market for many years but now it has been dethroned by French stock market. The economy of UK has been in a turmoil and many UK companies have suffered immense damage …
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