Overseas workers remittances surge 9.3% in March 2020
KARACHI: Total overseas workers remittances to Pakistan during March 2020 increased by 9.3% to US$1,894mn compared with March 2019. During 9MFY20, remittances increased by 6.0%... Read more
View ArticleGovernment to settle Rs82bn tax refunds to resolve cashflow issues of...
ISLAMABAD: The government on Thursday vowed to settle at least Rs82 billion worth of sales and income tax refunds in a week to resolve liquidity... Read more
View ArticleReduced oil and gas production to hurt E&P companies’ exploration plans
LAHORE: Country’s oil and gas production for the second half of FY20 is expected to decline significantly due to COVID-19 pushed lockdown, which might result... Read more
View ArticleKCCI presents budget proposals in a meeting with FBR
KARACHI: A meeting was held on 16 April’2020 between the Karachi Chamber of Commerce and Industry (KCCI) and the Federal Board of Revenue to discuss... Read more
View ArticleABAD welcomes Ordinance
KARACHI: Association of Builders and Developers of Pakistan (ABAD) on Friday welcomed the federal cabinet’s approval to an ordinance for the construction industry, a statement... Read more
View ArticlePIA to resume special flights to UK
Karachi: Based on popular demand of expats intending to travel to and from Pakistan to reunite with their loved ones, PIA is all set to... Read more
View ArticleEngro partners with Indus Hospital to boost COVID-19 testing capacity in Sindh
Karachi: As part of the PKR 1 billion Hussain Dawood Pledge, Engro Fertilizers (a subsidiary of Engro Corporation) has committed to provide PKR 95 million... Read more
View ArticleIn wake of Covid-19, SECP asks microfinance institutions to facilitate borrowers
ISLAMABAD: To facilitate borrowers of non-bank lending companies (NBFCs), the SECP has allowed deferment of repayment of principal and rescheduling of loans, based on borrowers’... Read more
View ArticleSBP provides further incentives for businesses to retain workers & employees...
KARACHI: On April 10, 2020 the State Bank of Pakistan announced an incentive scheme— entitled Refinance Scheme for Payment of Wages and Salaries to the... Read more
View ArticleEngro Corporation Q1 2020 Results
Karachi: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the quarter ended March 31st, 2020. On March 11, 2020, the World... Read more
View Article40pc SMEs expect to downsize, close or switch line of business in one year
KARACHI: As COVID-19 pandemic takes its toll on business activity, 40 percent of small and medium enterprises (SMEs) expect to downsize, close or switch the... Read more
View ArticleSECP reaches out to market participants
Islamabad: Securities and Exchange Commission of Pakistan’s (SECP) is actively engaging the market stakeholders to mainly assess the situation arising out of the COVID-19 pandemic... Read more
View ArticleBill & Melinda Gates Foundation & Engro Foundation collaborate with new...
Karachi: Engro Foundation, the social investment arm of Engro Corporation, has signed a three-year Memorandum of Cooperation with the Bill & Melinda Gates Foundation to... Read more
View ArticleGasPort LNG Terminal achieves ISO certifications
KARACHI: Pakistan GasPort Consortium Limited (PGPCL), which owns LNG storage and regasification terminal at Port Qasim, has received ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018... Read more
View ArticleSECP to introduce Risk Based Capital Regime for Insurance Sector
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to move towards development and implementation of Risk Based Capital regime for the insurance... Read more
View ArticleDaraz launches Humqadam program with Rs 4.5 crore subsidy to facilitate...
Daraz, the leading online marketplace in the country, has launched the Humqadam program to lessen the financial duress on small-and-medium enterprises during a period of... Read more
View ArticlePHMA REQUEST FOR RELEASE OF OLD DEFERRED SALES TAX REFUND & INCOME TAX REFUND...
Pakistan Hosiery Manufacturers & Exporters Association profoundly appreciates the government’s initiative to expedite refunds to exporters under FASTER system. However, in order to ease and... Read...
View ArticleBusiness community laud PM’s “Package for SMEs”
Karachi: Capt. A Moiz Khan, patron-in-chief, North Karachi Association of Trade and Industry (NKATI) and President Naseem Akhtar has lauded package for small and medium-sized... Read more
View ArticleEngro Partners With Shaukat Khanum Memorial Cancer Hospital & Research Centre...
Lahore and Karachi: As part of the PKR 1 billion Hussain Dawood Pledge, Engro Foundation – the social investment arm of Engro Corporation – has... Read more
View ArticlePublic Holiday
The State Bank of Pakistan will remain closed on 1st May, 2020 (Friday) on the occasion of “Labour Day” as declared by the Government of... Read more
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