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Finance Minister Muhammad Aurangzeb said on Wednesday that the foundation for macroeconomic stability has been established. He cited improvements in key indicators such as a surplus current account, rising remittances, increasing exports, and higher foreign exchange reserves. Inflation has also dropped to its lowest level in six years. Policies Drive Sustainable Growth Speaking at the …
Continue reading “Business Confidence Rises, Remittances to Exceed $35 Billion: Finance Minister”
KARACHI: Faraz-ur-Rehman, Patron-in-Chief of the Pakistan Business Group (PBGO) and Chairman of the Pakistan Business Guild, has urged the government to slash the policy rate by 500 basis points in one go during the upcoming monetary policy announcement. He stated that this decisive move is essential for reviving the economy and fostering a business-friendly environment. …
Continue reading “Cut Policy Rate by 5% to Spur Growth, Business Leader Demands”
Karachi: Adeel Siddiqui, Coordinator of Businessmen Panel Progressive (BMPP), attributed the clean sweep in the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) elections to the pivotal role played by the Chambers of Commerce & Industry of Sindh, supported by the Associations. He highlighted that the successful candidates achieved a significant margin, securing over …
Continue reading “FPCCI Elections: BMP Progressive has emerged as a powerful in business Community.”
Karachi: The United Business Group (UBG) and Businessmen Panel Progressive (BMP) emerged victorious in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) elections for the term 2024-25, with a majority of their nominated candidates succeeding in various key positions. Unofficial results, disclosed late Saturday night, revealed a sweeping success for UBG and BMP …
Continue reading “UBG Secures Resounding Victory in FPCCI Elections for 2024-25 Term”
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is set to conduct its elections today for the term of 2024-25, featuring a keen competition between two major groups, the Businessmen Panel (BMP) led by Anjum Nisar and the alliance of Businessmen Panel (Progressing) with United Business Group (UBG) led by Iftikhar Ali Malik and …
Continue reading “FPCCI Election Showdown: UBG vs. BMP for President”
Karachi: Chairman of National Electric Power Regulatory Authority (NEPRA) Tauseef Farooqui has said that Rs.7 billion of incremental units Govt owe will be paid. In this regard, KATI’s written request will be processed immediately. He expressed these views while addressing a luncheon held in his honor at the Korangi Association of Trade and Industry (KATI). …
Continue reading “Govt dues on incremental units of 7 billion will be paid, Tauseef Farooqui”
Businesses have suffered immensely in recent times due to high inflation rates, war, and the ever-changing situation of the world. Many automobile industries in Pakistan have reduced, postponed, or delayed their production and plants due to the non-availability of raw materials. Pak Suzuki Motor Company Limited, another major automobile company has decided to increase its …
Continue reading “Pak Suzuki Decides to Increase Car Prices”
KARACHI: Sindh Minister for Industries and Cooperatives Jam Ikramullah Dharejo has issued orders to the Secretary Industries to prepare a summary of 1 billion rupees for the development works of the Korangi Industrial Area. Speaking at the Korangi Association of Trade and Industry (KATI), the provincial minister said that 5 billion rupees were approved by …
Lately, times have been challenging for the world economy because of high inflation rates, high-interest rates, and businesses slowing down. Many companies have laid off their employees last year because of unstable economic conditions all over the world. Amazon, Twitter, Facebook, Tesla, etc have laid off thousands of employees and cut down their workforce. Now …
Continue reading “Microsoft Decides to Fire 10,000 Employees”
Elon Musk is always in the news due to his aggressive decisions and tweets and this time his tweets might cost him millions of dollars. In 2018, Elon Musk tweeted that he will take Tesla private in a $72 billion buyout. He also mentioned that he had funding secured. Am considering taking Tesla private at …
Continue reading “Tesla Shareholders About to Sue Elon Musk”
Karachi, 17 January 2023 – Visa, the world leader in digital payments, has announced the appointment of Umar Khan who will lead its operations in the country in his new role as Country Manager for Pakistan. The appointment reaffirms Visa’s commitment to supporting clients & partners and accelerating growth in consumer payments and commerce in …
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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. The …
Continue reading “Reko Diq Project to Start Production by 2028”
The business crisis in Karachi is one of the most pressing issues of our time. The local shopkeepers and other small businesses are facing unprecedented challenges due to the increasing taxes, electricity bills, gas shortages, and the closure of many industries. Pakistan Economic crisis impact and tsunami of inflation This has led to a decrease …
Pakistan’s sports goods industry is an important sector of the country’s economy, providing employment opportunities and generating revenue through the production and export of a wide variety of sports-related products. The industry is particularly known for its production of high-quality soccer balls and other sporting equipment, including cricket bats, hockey sticks, and fitness equipment. The …
Pakistan has focused greatly on the development of the agricultural sector and now the government of Khyber Pakhtunkhwa (KPK) held a meeting to improve the agricultural sector of the region. The former governor of KPK, Shah Farman held a meeting at the Saudi Royal Embassy to discuss the production capacities and investment opportunities for the …
Continue reading “KPK to Develop Agricultural Sector with Saudi Help”
Pakistan has been facing an economic crisis in recent years, which has been exacerbated by high levels of inflation. Inflation is the sustained increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and …
Continue reading “Pakistan Economic crisis impact and tsunami of inflation”
As the year 2022 is nearing its end, analysts are looking at the possibilities 2023 can bring. The Mastercard Economics Institute released its annual forecast for a multi-speed global economy in “Economic Outlook 2023.” However, what does a multi-speed global economy mean? According to the Mastercard Economics Institute, the multi-speed global economy means that some …
Continue reading “Mastercard Economics Institute Releases Economic Outlook for 2023”
Karachi: President of Korangi Association of Trade Industry (KATI) Faraz-ur-Rehman welcomed the decision by the government and State Bank to lift the ban on LCs. KATI termed it as optimistic for the economy. President KATI said that the government had accepted the long-standing demand of the business community, and the ban would have created a …
Continue reading “KATI Celebrates Govt’s Decision to Lift Ban on LCs”
The Balochistan government is all set to move ahead with the Reko Diq project to turn Balochistan into a trade hub despite facing internal and external troubles. Reko Diq project started in 1993 but could not continue because of many factors. However, the Balochistan government will make it happen this time. Reko Diq Project Continues …
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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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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 …
Continue reading “Trade Authority of Pakistan Empowers Women Through Finance Training”
Saudi Arabia’s Public Investment Fund (PIF) is planning to establish a tower structure that will be taller than Burj Khalifa. Saudi Arabia Public Investment Fund is developing an 18-square-kilometer masterland in the north of Riyadh The tallest building in the world is Dubai’s Burj Khalifa and its height is around 828 meters. The new project …
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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 …
Continue reading “Old Design Banknotes will not be exchanged after December 31”
