Paradigm Shift is required in tax structure: President FPCCI

Mian Nasser Hyatt Magoo, President Federation of Pakistan Chambers of Commerce and industry in a meeting held with Chairman FBR along with senior officials from Customs and IRS said that it is high time to have paradigm shift in the tax structure to induce investment, promote production and grow economy instead of present revenucracy which remains the focus of FBR.… Continue

Arts Council of Pakistan Karachi launches book “Shar Goshiyan”

On occasion, President Arts Council Muhammad Ahmad Shah said that Muhammad Islam’s spirit of owning this city is commendable. He noted that Arts Council Karachi is a cultural institute, and institutions are made up of human beings. Since 1954, the Arts Council has been working to promote art and culture, and today despite the covid-19 Arts Council of Pakistan, Karachi is holding six different events on different venues, and all credit goes to the member of governing body and to the members of Arts Council Karachi.… Continue

Majority banks to start processing foreign exchange digitally by February end: Ashraf Khan

Managing Director of State Bank of Pakistan’s Banking Services Corporation Muhammad Ashraf Khan has said that digitalization of foreign exchange, which started in March 2020, has been expanded from 8 to 13 banks and majority of the banks will be processing 88 percent of foreign exchange digitally by the end of February 2021 and 98 percent by April whereas the banks will completely discontinue paper-based submissions after June 2021.… Continue

PSX index sheds 338pts today

Pakistan Stock Market came down on the first day of the roll-over week, contributed mostly by Banking sector stocks, where the disappointment reigns due to poor dividend distribution and anticipation of similar subdued result from UBL, scheduled to be announced on Wednesday 3:00 PM.… Continue

Daily cargo handling report of Karachi Port Trust

The Karachi Port Trust handled 380,328 tons of cargo comprising 278,463 Tones of import cargo and 101,865 Tons of export cargo during last 48 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 278,463 comprised of 145,923 Tons of Containerized Cargo,3,034 Bulk Cargo, 15,208 Tons of Rock Phosphate, 12,546 Tons of Soya Bean Seeds, 39,110 Tons of Wheat and 62,642 Tons of Oil/Liquid Cargo

TOTAL EXPORT CARGO:

The total export cargo of 101,865 tons comprised of 101,865 tons of containerized cargo.… Continue

Power Generation up by 2.5% YoY during 7MFY21 in Pakistan

Power Generation up by 3.7% YoY during Jan’21

Power generation went up by 3.7% YoY to 8,079 GWh (10,859 MW) during Jan’21, compared to 7,794 GWh (10,475 MW) during Jan’20.

Major contributors during Jan’21 were: Coal (Share: 32%), Gas (Share: 17%), Hydel (Share: 13%), FO (Share: 12%), RLNG (Share: 11%), Nuclear (Share: 11%), and Wind (Share: 2%).… Continue

Pakistan to host 60 international creative expressions by youth on RINSTRA

Critically acclaimed 60 Second International Film Festivals will open for the first for public voting to choose best films for the year 2020-21. RINSTRA Technologies, Pakistan’s first short-form digital media platform will host the festival. 60 Second Intl. Film Festival (60SIFF) is a platform for young talented filmmakers from all over the world that is one step closer to bridging the gap between cultures and creating strong global ties among aesthetically driven individuals, encouraging filmmakers to step up and ‘film’ their thoughts in 60 seconds.… Continue

The inauguration ceremony of the program “Zindagi Hai Pakistan” at the Arts Council of Pakistan

Arts Council of Pakistan Karachi was taking steps for the promotion of art and culture, but now the Arts Council has come to this side [nature, colors, and fragrance], which is a pleasing thing. KMC will extend all possible cooperation to make it possible, said Karachi Administrator Laeeq Ahmed while addressing the inauguration ceremony of the program “Zindagi Hai Pakistan” held at Karachi Arts Council.… Continue