Karachi: The Finance Ministry, Abdul Hafeez Shaikh, says that the rate of inflation has been steadily declining for the last four weeks. According to a statement issued by the Ministry of Finance, a meeting of the National Monitoring Committee chaired by Finance Minister Hafeez Sheikh has taken notice of the increased prices of eggs and edible …
Category Archives: Business
Renowned businessman Siraj Kassam tell passes away at 67
Karachi: Siraj Kassam Teli, former president of the Karachi Chamber of Commerce and Industry (KCCI), died of Cardiac arrest earlier this morning on Tuesday, 8 December, in Dubai. According to the sources, Teli was admitted at a hospital and was on a ventilator for two days. The news of his demise came to many as …
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EFP Seeks Govt Support to Save Stationery Industry from Disaster
Karachi: President EFP, Ismail Suttar, has strongly recommended the Hon’ble Advisor to Prime Minister on Commerce & Investment, Abdul Razak Dawood, to look into the near-extinct state of Pakistan’s Stationary sector for extending the closure of schools due to Coronavirus for almost 250 days. The Director EFP and a senior industrialist, Ahsan Ullah Khan, who …
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Careem Reduces its commission to 5% in Support of the Restaurant Industry
KARACHI: Careem, the Middle East and Pakistan Mega App, has reported that its restaurant commission fees will be reduced to 5 percent with the second phase of COVID-19 entering Pakistan and the closure of indoor dining. This announcement was made on the social media properties of Careem, urging individuals to request more. The reduction in …
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Pakistan attracts new LNG crisis
Pakistan was not even able to collect a single offer for three Liquefied natural gas (LNG) cargoes for the first half of January and drew the high prices for the second half of January, largely due to delayed tenders in the light of rising international prices. The official said that in October, the government had …
Pakistan receives a loan of $304 million from the World Bank
Karachi: The Economic Affairs Minister Makhdoom Khusro Bhakhtiar stated that the government of Pakistan is ready to make efforts in improving fiscal management. This will be done by increasing domestic revenues and investing in development initiatives. The Minister was speaking at the event where a $304 m loan has been lent from the World Bank, …
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Imran Khan visits Sialkot to Inaugurate Air Sial
Karachi: PM Imran khan cut the ribbon on Wednesday to inaugurate a private airline of Pakistan which Sialkot’s business community unveiled. While speaking on the occasion, the Prime minister applauded the airline, saying it is an “excellent initiative”, which will be rewarding for the business community in Sialkot. Khan also mentioned that he had no …
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