Neelum Jhelum crosses 8 billion units mark, yields Rs. 80 billion revenue

State-of-the-art 969 MW-Neelum Jhelum Hydropower Project achieved yet another milestone, as its contribution to the National Grid crossed 8 billion mark. The project, satisfactorily meeting the design capacity energy production, achieved this land mark despite the fact that the shelling by India from across the Line of Control during July and October 2019 interrupted the working at the project, which forced evacuation of the Chinese workers from the project site and continue to be afflicted by Covid-19 pandemic.

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Huawei Opens Pre-orders for HUAWEI Nova 7i

With dominating specifications and unmatched performance, Huawei has announced pre-orders for its stellar new offering HUAWEI Nova 7i. The smartphone features are some of the best in its price segment, and comes along with a HUAWEI Band 4* – therefore consumers can get their hands on two exciting technological marvels by Huawei.

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KATI demands to open industries

Korangi Association of Trade & Industry (KATI) had demand to allow all the industry for work and put off lockdown restrictions from the entire sector. In statement released by the association President of KATI Sheikh Umer Rehan has urged the Federal and Provincial Governments that industrialist cannot bear the burn of restrictions on industries and now they are on the verge of financial failure.

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Easypaisa to facilitate SMEs through ‘Easy Business”

Easypaisa, Pakistan’s leading mobile banking platform operated by Telenor Microfinance Bank, has initiated an extensive drive to facilitate Small and Medium Enterprises in Pakistan especially during the current COVID-19 crisis. Easypaisa has launched its ‘Easy Business’ portal to facilitate SMEs across the country to raise awareness about the products and services provided by the Bank while also enabling small businesses to submit their requirements to avail access to a suite of state-of-the-art financial services.

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Business enabling Regulatory Environment to boost Ease of Doing Business and FDI

The Overseas Investors Chamber of Commerce and Industry (OICCI), has felicitated the SECP on the Companies (Amendment) Ordinance, 2020 promulgated on April 30th. The Chamber, along with other leading business association, has in the past challenged some of the over-regulatory conditions introduced in the Companies Act 2017 without due engagement of the key stakeholders.

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Businesses be permitted to operate 24-hours a day during last six days before Eid: Siraj Teli

Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has urged the Sindh Government to completely do away with the ongoing lockdown at least during the last week of Ramadan ul Mubarak in which all the shops and shopping malls be permitted to operate 24-hours a day, which would not only help in dealing with the overcrowding issue at various commercial markets due to limited timings but would enable the small traders/ shopkeepers to recover some of the previous losses suffered by them because of the prolonged lockdown that began from March 23.

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SBP does not reduce mark-up rate based on facts: UBG

Pakistan top business community are not happy with the merge deduction of interest rate by central bank of Pakistan and has demanded more reduction for benefit of the industry. S.M Muneer was of view that one per cent cut in interest rates goes against expectations whereas Zubair Tufail welcomes reduction in interest rates but Gulzar Feroze has pointed out that SBP does not reduce mark-up rate based on facts.

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