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Islamabad: Systems Limited humbly announced another winning moment. The Lahore Chamber of Commerce & Industry (LCCI) awarded Systems Limited with the President IT Award. The LCCI IT Awards were held at Aiwan-e-Sadr, Islamabad, and aims to appreciate the efforts of Pakistan’s information technology companies and their contributions towards the well-being of Pakistan’s economy. LCCI recognized …
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Karachi: A delegation of Coca-Cola Beverages Pakistan Limited (CCI Pakistan), GM Ahmet Kursad Ertin met with the Prime Minister of Pakistan and announced an investment of USD 50 million for a Greenfield project the company plans to set up in Haripur district, Khyber Pakhtunkhwa (KP). This will be CCI’s 7th production facility in the country. …
Karachi: The Federal Government has announced the budget stating that it would support the farmers by providing pesticides, fertilizers and agricultural machinery with a view to modernize and uplift the agriculture sector. All Pakistan Fruit and Vegetable exporters importers and merchant association Patron-In-Chief Waheed Ahmed said in his statement that the GoP has acknowledged that …
Karachi: Careem, the Super App for the greater Middle East and Pakistan and Total PARCO Pakistan Limited (TPPL), signed an agreement to provide its Captains with TPPL’s mobility-related solutions at special discounts. Through this partnership, Careem Captains receive a flat discount on purchase of TPPL’s fuels, lubricants and other services like car wash, oil change …
Islamabad: In the coming fiscal year, the government intends to borrow roughly $16 billion in gross foreign loans to cover maturing external public debt and finance the budget deficit. According to Ministry of Finance sources, the expected $15.7 billion borrowings in fiscal year 2021-22 are roughly 10% higher than this year’s revised estimates of foreign …
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Karachi: KE CEO Mr. Moonis Alvi expressed sincere gratitude to Minister for Energy, Hammad Azhar, for his vision & commitment to people of Karachi and especially for timely and kind intervention to address power situation challenges in the city. The Minister also acknowledged prompt payment by KE for additional power. The Minister was apprised by …
Karachi: The International Maritime Organization (IMO)has certified Byco’s Oill Spill Response (OSR) team for achieving Level II & III professional training and certification. Byco is the only Pakistani oil company having a dedicated Oil Spill Response team capable of managing oil spills, whose members are IMO certified. Mr. Azfar Saeed Baig, Vice President, Byco Petroleum …
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Islamabad: In the presence of Mr. Malik Amin Aslam, Prime Minister’s special assistant on Climate Change unveiled a first of its kind Reverse Vending Machine (RVM) for plastics at the Jinnah Super Market, Islamabad. The machine makes it convenient and rewarding for people to recycle on the go. Plastic bottles of any brand can use …
Karachi: Patron-in-Chief Korangi Association of Trade & Industry (KATI) SM Muneer and President Saleem-uz-Zaman praises the appointment of Senior Vice President of Pakistan Tehreek-e-Insaf (PTI) the Karachi Division, Mehmood Moulvi as Special Assistant to Prime Minister Imran Khan on Maritime Affairs. Welcoming the move, they said that Mehmood Moulvi is a beloved personality of the industrial …
Karachi: Korangi Association of Trade and Industry (KATI) Patron-in-Chief SM Muneer and President Saleem-uz-Zaman welcomed the announcement of Prime Minister Imran Khan’s youth employment program, saying it was an important initiative in reducing unemployment in the country. SM Muneer said that due to Corona epidemic, global unemployment including Pakistan has increased. However, timely measures taken …
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Karachi – Taha Dilam: Recognizing Karachi’s industries as the backbone of the nation’s economy, KE reiterated its commitment to the prosperity of the city and assured its customers that it is working untiringly towards the vision of a thriving metropolis. This commitment is underpinned by the investment of over PKR 375 billion since the company’s …
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Karachi: All Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association (PFVA) has announced mango export target as 150000 metric tons for the current mango season which would fetch valuable foreign exchange of USD 127.5 million once the target is attained. The Patron-in-Chief stated that last year the export target of mango was set as …
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Islamabad: Delegation of Pakistan Tea Association led by Chairman Aman Paracha meets Prime Minister’s Advisor on Commerce and Trade Abdul Razzak Dawood in Islamabad with the patronage of FPCCI. Chairman Tea Association Aman Paracha highlighted various ambiguities & anomalies in the Custom duties during the meeting. He further added that if these anomalies get eliminated …
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Karachi: Chairman Pakistan Leather Garments Manufacturers and Exporters Association (PLGMIA) Danish Khan has strongly condemned the FPCCI advertisement. He said that FPCCI used the name in the advertisement published in the newspapers yesterday without the permission and consent of PLGMEA, which he denied. PLGMEA has nothing to do with the advertisement and no such opinion. …
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Pakistan Tea Association (PTA) meets Federal Board of Revenue (FBR) officials and suggests to amend and finish the anomaly on wealth tax on import of bulk packing tea in Pakistan. Bulk tea is a raw material, at import stage for all importers, 2 types of different tax distinguish for withholding tax at import stage that …
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Karachi: During the global Pandemic COVID-19 , the demand of kinnow surged significantly as it played a vital role in strengthening the human immunity system safeguarding against the deadly disease. During the export season concluded in April 2021, Pakistan exported 460000 ton Kinnow to forty countries globally, which was 30% higher compared to the last …
Karachi: Governor Sindh Imran Ismail visited K-Electric’s Bin Qasim Power Station-III (BQPS-III) project to review the progress on the latest addition to Karachi’s power network. The visit followed a meeting between KE’s Senior Leadership and the Governor Sindh where KE presented an update on the company’s preparedness for Ramadan and the 2021 summer season. BQPS-III is …
Prime Minister Imran Khan has authorized a cut in petrol rates, according to Federal Minister of Finance Hammad Azhar. The government has cut the price of petrol by Rs1.79, and it will now be available at 108.56 a litre beginning April 16. The premier has also allowed lowering the prices of other petroleum goods, according …
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ISLAMABAD: State Bank Governor Reza Baqir and Hammad Azhar held a virtual meeting with Kristalina Georgieva, International Monetary Fund’s (IMF) Managing Director. According to sources, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said on Monday that Pakistan would direct all of its policies toward the welfare of its citizens. She made the …
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KARACHI: The State Bank of Pakistan (SBP) will be closed for public dealings on the first Roza which will be observed as a bank holiday. SBP decided to close operations on the first Ramzan due to the deduction of zakat. “All banks / DFIs / MFBs shall therefore remain closed for public dealing on 1st …
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KARACHI: Pakistan Tea Association delegation and Standing Committee On Tea Fpcci held a meeting with President Fpcci on Saturday at Federation House. Where the missuse of SRO 450 manufacturing bonds was discussed for re-export. The delegation informed that this situation is posing a huge challenge for the government of Pakistan in generating revenue. people only …
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ISLAMABAD: According to Asad Umar, the Federal Minister for Planning, Growth, and Special Initiatives, Pakistan requires economic transition by redefining resource allocation and opportunity structure. Umar said that a deeper understanding and new levers are required to trigger development and that the government’s most important role is to provide policy signaling, a competitive environment, and …
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ISLAMABAD: Asim Ahmed, on Friday, has been appointed as Federal Board of Revenue (FBR) new chairman as a notification from the Establishment Division mentioned. The federal government on Friday appointed Asim Ahmed, as he is from the Inland Revenue. Following the retirement of incumbent chairman Javed Ghani, he was given charge of the tax regulatory …
