Ismail Suttar, President of Lasbela Chambers of Commerce & Industry (LCCI), in a Press Statement issued today has said that the recent proactive measures offered by State Bank of Pakistan to exporters is timely and will address the liquidity crisis situation and provide genuine support to industries.
President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has requested Chief Minister Sindh to devise some kind of an effective mechanism for providing immediate relief to the perturbed businessmen and industrialists by directing Sindh Revenue Board (SRB) to discontinue collection of all types of taxes including Services Tax and other levies.
State Bank of Pakistan has continuously been reviewing the challenges arising out of COVID-19 pandemic situation with particular reference to the financial sector and taking measures. Expanding the scope of its recently announced relief package for households and businesses, SBP has taken another major step today.
Under the government’s Rs 1,240 billion stimulus package announced by the Prime Minister on 27th March, the government has released Rs 100 billion to industry under tax refunds on 2nd April 2020. Dr Abdul Hafeez Shaikh, Advisor to PM on Finance & Revenue noted that these are unprecedented steps taken by the government to support business and employment in difficult times.
The drama follows the story of an innocent young girl, Mushk, who belongs to a conservative family and her life is governed by her strict father. She has been living a sheltered life under the principles made by her father, until she meets Sahiba.
As expected Coronavirus had its impact on domestic consumption that declined by 16.70 percent in March while the exports grew at lowest pace of 5.27 percent as the global markets are equally under pressure due to the same reason.
According to the data of APCMA in March, the industry dispatched 3.721
Pakistan leather and footwear industry have been impacted by lockdown in country for the last fifteen days to stop spread of Coronavirus pandemic. A large number of factories of leather, footwear, textiles, garments, cements and other manufacturing products are closed. Import and export of commercial items are almost suspended.
Federal Minister for Economic Affairs, Mr. Muhammad Hammad Azhar witnessed the signing ceremony through video link for Project “Pandemic Response Effectiveness in Pakistan” worth US$ 200 million with the World Bank held at Economic Affairs Division in this afternoon. Dr. Syed Pervaiz Abbas, Federal Secretary of Economic Affairs Division signed the financing agreement on behalf of Government of Pakistan while Provincial project agreements were signed by the designated officers of Provincial Governments.
The coronavirus (COVID-19) is affecting the way we act, interact and run our businesses in Pakistan and globally. These challenges present a unique opportunity for individuals who are developing solutions for communicable diseases. To come up with solutions for COVID-19 preparedness & responsiveness, the National Incubation Center (NIC) and Jazzxlr8 have launched the National Health Hackathon to find solutions for current and future healthcare emergencies, through an All-Online Hackathon.
Karachi port trust has updated about cargo handling activities of Karachi port during the last 24 hours ending at 0700 hours.
04 Ships berthed and 03 Ships has sailed off from Karachi Port during this period.
Cargo Handling Turnover
The total cargo handled at Karachi Port during the last 24 hours closed at 121,654 Metric Tons
The breakup shows that the port has handled 26,638 Metric Tons of export cargo and 95,016 Metric Tons of import cargo during the said period.