SAI Chief Terms 1.5% Interest Rate Cut as Insufficient
KARACHI: The Site Association of Industry (SAI) President, Muhammad Kamran Arbi, expressed disappointment at the State Bank of Pakistan’s (SBP) cutting interest by just 1.5%. He called the move...
View ArticleCCP Approves Artistic Milliners’ Acquisition of Tenaga Generasi Limited
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of 100% shareholding of M/s Tenaga Generasi Limited (TGL), an independent power producer with a 49.5 MW wind power...
View ArticleUBG leaders urge further cuts in policy rate following disappointing 1.5%...
Karachi: The leaders of the United Business Group (UBG), including S.M. Tanveer, Zubair Tufail, Khalid Tawab, Hanif Gohar, Syed Mazher Nasir, Malik Khuda Bakhsh and Momin Ali Malik have expressed their...
View ArticleSITE President lauds DG Rangers efforts to curtail water theft, demands to...
KARACHI: Muhammad Kamran Arbi, President of SITE Association of Industry, has appreciated the efforts of the Director General, Pakistan Rangers Sindh, to curtail freshwater theft in the city in...
View ArticlePublic Holidays Eid-ul-Adha
The State Bank of Pakistan will remain closed from 17th to 19th June, 2024 (Monday to Wednesday) being public holidays on the occasion of Eid-ul-Adha. The post Public Holidays Eid-ul-Adha appeared...
View ArticleCCP Grants Time-Bound Exemption in Uber-Careem Deal
ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted exemption till December 2025 on specific clauses of Non-Compete Deeds of Covenant and the Common Stock Purchase Agreement (CSPA)...
View ArticleKATI Welcomes Reduction in Electricity and Petrol Prices, Calls for Further...
Karachi: The Korangi Association of Trade and Industry (KATI) has welcomed Prime Minister Shehbaz Sharif’s recent decision to reduce electricity tariffs for industries by PKR 10.69 per unit and cut...
View ArticleSECP warns public against fraudulent car financing scheme by Etihad Auto...
ISLAMABAD: The Securities & Exchange Commission of Pakistan (SECP) has taken cognizance of an unincorporated entity by the name of Etihad Auto Solutions for offering car financing schemes against...
View ArticleGovt urged to revisit numerous budgetary measures
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI), while identifying several anomalies in the Federal Budget 2024, highlighted that the Budget appears to have been prepared in the standard...
View ArticlePakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 14,414.6 million as of 14-June-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves held by the State...
View ArticleEngro Fertilizers completes largest-ever EnVen Plant turnaround with...
Karachi: Engro Fertilizers has completed the largest-ever (55 days) scheduled maintenance activity of the EnVen Plant as planned on June 18, 2024. Established in 2011 with an investment of USD 1.1...
View ArticleFPCCI Holds FBR’s Top Anomalies Committee Meeting Atif Ikram Sheikh
Karachi: Mr. Atif Ikram Sheikh, President FPCCI and Dr. Gohar Ejaz, former federal commerce minister – who are jointly chairing FBR’s Anomaly Committee 2024 from the business side – called a...
View ArticleCCP Approves Acquisition of Luxembourg Firm with presence in Pakistan’s solar...
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the 100% acquisition of M/s. Actis Holdings S.a.r.l (Actis Holdings), a Luxembourg-based company having a presence in Pakistan’s...
View ArticleExport Industry in Peril Salt Manufacturers Oppose Proposal to Abolish Fixed...
KARACHI: The Salt Manufacturers Association of Pakistan (SMAP) has expressed deep concern over the proposed shift from a 1% turnover-based Fixed Tax Regime (FTR) to the standard taxation rate of 29% of...
View ArticleNew federal budget 2024-25 will promote smuggling, Mohammad Hanif Gohar This...
Karachi: Former Senior Vice President FPCCI and General Secretary UBG (Sindh Zone) Muhammad Hanif Gohar has said that the federal budget is not for exporters, traders, industrialists and those who...
View ArticleCCP and ICAP join hands to implement compliance framework on Competition Law
ISLAMABAD: The Competition Commission of Pakistan (CCP) and Institute of Chartered Accountants of Pakistan (ICAP) join hands to develop a compliance framework on Competition law to be adopted by CA...
View ArticleCDC announces further Tariff Reductions to facilitate Capital Market Investors
CDC eliminates Annual Maintenance Fee for the Sub-Account Holders & full waiver of the CDS connection fee and minimum fees for Securities Brokers! Karachi: The Central Depository Company of...
View ArticleABHI Partners with Mastercard to Enhance Financial Accessibility for...
Karachi: In a significant move towards revolutionizing the landscape of financial transactions in Pakistan, Mastercard, a global technology company in the payments industry, has partnered with ABHI, an...
View ArticleFinancial system showed steady performance and soundness, says the SBP...
State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY2023, which is prepared and published in terms of requirements prescribed in sub...
View ArticleEFP and ILO Collaborate to End Forced Labor in Agricultural Sector
KARACHI: The Employers Federation of Pakistan (EFP) underscores the critical importance of eliminating forced labor from the informal sector to ensure sustainable business practices. Secretary General...
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