Wapda workers protest against price hike
He demanded to the prime minister and provincial chief ministers to enhance the salaries and wages and pension of the workers employed in the government, semi-government and private sectors commensurate with price hike in the federal and provincial budgets and adopt national economic self reliance policy by imposing taxes upon the elites and adopt austerity from the President of ...
RCCI concerned over rising inflation, high fiscal deficit
Malik Shahid Saleem, President RCCI, in a statement on Tuesday said that the ministry should play a proactive role and suggested to take swift measures while choosing an agile framework on growth model, resource mobilisation, increasing saving rates, trigger investments for creating jobs and reducing poverty. To make a significant impact on the current account deficit, government needs to ...
Chinese Vice President visits Haier Industrial Park
Previously Prime Minister Wen Jiabao in 2005, President Hu Jintao in 2006 and Prime Minister Imran Khan in May 2019 have visited Haier Industrial Park which has since been hailed as the most successful model of industrial and economic cooperation between Chinese companies and Pakistani entrepreneurs.
Jazz partners with Oxfam to digitally empower young women
ISLAMABAD ? -? ? In an effort to digitally empower Pakistan?s youth, Jazz, the country?s leading digital communications company, and Oxfam in Pakistan, a leading international development organization, have agreed to collaborate. Young people must absorb the skills required to thrive in a futuristic economy.? Oxfam in Pakistan Country Director Mohammed Qazilbash said, ?With the ICT resources and tools at ...
PSX plunges by 748 points
The three top traded companies were Fauji Cement with a volume of 12,032,500 and its price per share decreased by Rs 0.92 to close at Rs 16.82, Bank of Punjab with a volume of 10,356,000 and its price per share also decreased by Rs 0.31 to close at Rs 11.08 and Unity Foods Ltd with a volume of 7,903,500 ...
LCCI for continuation of zero-rating regime
LCCI President Almas Hyder, Senior Vice President Khawaja Shahzad Nasir and Vice President Faheem-ur-Rehman Saigal said that discontinuation of zero rating status would result in disaster of export oriented industries that would lead to foreign exchange loss, unemployment and cut in the revenues of the government. They said that continuation of zero-rating facility for the export-oriented sectors would go ...
Govt borrowed mammoth $15.84b in ten months
ISLAMABAD?? -?? Pakistan borrowed mammoth $15.84 billion in ten months of the current fiscal year to sustain its foreign exchange reserves that are tumbling due to the repayment and financing of current account deficit. Pakistan?s total foreign loans for balance of payments support, budgetary support and project financing stood at $15.84 billion during ten months (July to April) of ...
Govt asked to take strict action to stop foreign currency smuggling
ISLAMABAD?? -?? Forex Association of Pakistan on Tuesday has asked the federal government to take strict action to stop foreign currency smuggling and reduce the outflow of dollar through people, who are travelling abroad. A delegation of foreign exchange dealers, led by the President of Forex Association of Pakistan, Malik Bostan, called on Adviser to Prime Minister on Finance, ...
Subsidy on sesame cultivation
Deputy Director Research Information Agriculture Department Mudassar Abbas said on Monday that the registered sesame growers should scratch their voucher and send its number to 8070, while the unregistered farmers should contact the Agriculture Department to avail the facility.
Free Medical Camp
KARACHI (PR) Serving Hands Organization, Engro Foundation & National Bank of Pakistan in collaboration with Layari Development Authority (LDA), KUJ, Pamco logistic, Khan group of companies and Universal Information system organised Ramazan Mega Relief Free Medical Camp at LDA Sales Centre near Journalist Society Hwksbay scheme 42 bl-3A to facilitate the neighboring poor villages of Musharaf colony, Bhootni Goth, ...
Arcelik invests more to open Dawlance Experience Store
PESHAWAR (PR): The marketing director of Arcelik, the largest Turkish enterprise, has inaugurated the first-ever Dawlance Experience Store in Peshawar. Mehmet T?fek?i came for an official visit to Pakistan, where he also chaired the inaugural ceremony of the Experience Store, an innovative concept created to enhance the consumer retail experience on trade. The idea of Experience Store reflects Dawlance?s ...
Paapam urges Govt to adhere to SRO 52(1)/2019
Staff Reporter Lahore Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has requested to the Prime Minister to save local auto parts manufacturing industry by not accepting any proposal for the import of used cars. In a letter to Imran Khan, Chairman Paapam Muhammad Ashraf Shaikh stated that they are strongly against any proposal to allow import of ...
Uzbek Deputy PM hopeful for stronger agri ties with Pakistan
Staff Reporter Islamabad The Deputy Prime Minister of Uzbekistan, Elyor Ganiev said that Uzbekistan wants to establish long-term bilateral cooperation in the field of agriculture and livestock. Elyor Ganiev said, last year the trade between the two countries increased three times and the two nations are capable of increasing it ten times. He further said my predecessor Minister for NFS&R ...
Arcelik invests more to open another Dawlance store
Staff Reporter Peshawar The Marketing Director of Arcelik, the largest Turkish enterprise has inaugurated the first-ever Dawlance Experience Store in Peshawar. Mehmet T?fek?i came for an official visit to Pakistan, where he also chaired the inaugural ceremony of the Experience Store, an innovative concept created to enhance the Consumer Retail Experience on Trade. The idea of Experience Store reflects ...
Forex dealers express concern over under invoicing by some importers
Staff Reporter Islamabad Foreign Exchange Dealers Tuesday expressed concern over under invoicing by some importers and suggested that the custom authorities should take over the goods, by auctioning them, of the importers who are involved in under invoicing causing losses to national exchequer. A delegation of Foreign Exchange Dealers, led by the President of Forex Association of Pakistan, Malik Bostan, ...
Kamyab Jawan SME lending scheme to promote entrepreneurship
Staff Reporter Islamabad Muhammad Usman Dar, Special Assistant to the Prime MiAnister on Youth Affairs held a meeting with representatives of Ministry of Finance, State Bank of Pakistan, National Bank of Pakistan, Bank of Punjab and Bank of Khyber to discuss effective implementation of Prime Minister?s Kamyab Jawan SME Lending Scheme.
LPGAP demands action against mafia
Amraiz khan Lahore LPG Association of Pakistan (LPGAP) has expressed grave concern on unchecked import of LPG into Pakistan through Land & Sea routes and urged the Government to take action against importers mafia out to cripple Pakistan?s economy as well as local LPG Industry. While addressing an urgent meeting, Chairman LPGAP Farooq Iftikhar said that government would have ...
Pakistani students outshine in Huawei ICT competition
Staff Reporter Islamabad The Huawei ICT Competition 2018-2019 Global Finals, hosted by Huawei and featuring the theme of ?Connecting Glory Future?, was successfully concluded at the Huawei Songshan Lake Base in Dongguan. Roadshow and workshops were held at 53 universities and academic institutions across Pakistan, making it one of the largest scale event in Higher Education in Pakistan and ...
Access to direct financing in poultry industry made easier by Karandaaz
Staff Reporter Islamabad Improved access to finance for small businesses related to poultry industry in Pakistan has been announced by the UK?s Department for International Development (DFID) funded Karandaaz through a partnership with JSK Feeds Limited. JSK Feeds is at par with international standards by exercising highest quality control measures and the best manufacturing and bio-security practices to ensure the ...
Grape Harvest Festival to be held near Shahkot
Staff Reporter Faisalabad Chairman Faisalabad Chamber of Commerce & Industry (FCCI) Standing Committee on Agri Tourism and Civic Problems, Syed Khalid Mehmood Shah has said that the National Grape Harvest Festival will be held in Grape Farms near Shahkot. Chairing a meeting of the FCCI?s Standing Committee here on Tuesday, Khalid Mehmood said that we must reorganize agriculture marketing system ...
