Mian Anjum Nisar President of the Federation of Pakistan Chambers of Commerce and Industry while showing serious reaction on SBP reduction in interest rate by one percent said that despite clear message by all segments of economy particularly trade and industry the SBP reduction of one percent policy rate is surprising and unfavorable to bleeding economy.
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.
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.
At a time when the lockdown has been eased and the country is adjusting itself to a new normal, Pakistan’s leading biscuit manufacturer, EBM, through its mega-brand, Sooper, has launched a Public Service Message urging people to continue exercising caution in order to keep themselves and their loved ones safe from the virus.
FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday lauded the decision of the Prime Minister Imran Khan to start construction of the first phase of Diamer-Bhasha dam.
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.
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.
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.
Huawei’s 5G-based HiCar technology is not just another auto infotainment system. It’s more like an interface to the car’s core operating system and a vehicle-to-X channel to the road. HiCar will first appear on the BYD Han EV in June, before arriving in models from about 30 different auto brands.
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.
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.
National Financial Literacy Program for Youth (NFLP-Y), a project of the State Bank of Pakistan (SBP), and Rozee.pk have partnered to impart free of cost financial literacy education to Pakistan’s youth through an engaging and interactive game called ‘PomPak – Learn to Earn’.
The Excise and Taxation and Narcotics Control Department of Sindh has collected Rs64.418 billion in taxes from July 2019 to April 2020 in the current financial year as against Rs60.547 billion collected during the same period last year.
The department collected Rs5.337
Infinix has recently rolled out the new NOTE 7 series, and with a huge positive response from the market Note 7 is performing tremendously in terms of sales and customer feedback. With enhanced overall user experience Infinix Note 7 comes with a 48MP quad rear camera, 6GB and 128GB storage in a very competitive price tag of Rs.