Pakistan Navy signed contract for acquisition Of 4 X Milgem Class War Ships with Turkey

Pakistan Navy has signed a contract for acquisition of 4 x MILGEM Class Ships with M/S ASFAT A.S, Turkey which is a Military Factory and Shipyard Company under the Ministry of National Defence, Turkey at Rawalpindi, Pakistan. The contract also includes complete transfer of technology’ and the transfer of intellectual proprietary rights for the design of these ships to Pakistan.

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Dawlance bags Occupational Health and Safety Management Certification OHSAS 18001

Dawlance – Pakistan’s no.1 home appliances brand, bagged the prestigious OHSAS 18001 certification for occupational health and safety, which was presented to the organization by SGS – a multinational company headquartered in Geneva, Switzerland which is known for providing inspection, verification, testing and certification services, and has also featured on Forbes Global 2000 thrice; in 2015, 2016 and 2017 respectively.

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Rise in prices of petroleum products will cause increase in inflation and cost of doing business

Chairman of the Businessmen Panel of and former provincial of Mian Zahid Hussain on Wednesday said that high rise in prices of petroleum products will highly increase the cost of doing business ultimately affecting all industries equally. Prices of POL have risen on June 20 this year and again with a difference of only 10 days, prices are again increased.

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Domestic cement dispatches grew by 15.42% during 2017-2018

Pakistan cement industry ended fiscal 2017-18 on a jubilant note, posting yearly growth of 13.84%; with domestic consumption increasing by 15.42% and exports inching up by 1.77% – first time in nine years that exports registered growth. According to data released by All Pakistan Cement Manufacturers’ Association (APCMA), during the fiscal year 2017-2018, domestic consumption stood at 41.147 million tons, an increase of 15.42% from 35.651 million tons in 2016-2017.

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FPCCI demands withdrawal of hike in oil prices

Tariq Haleem, Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the caretaker Prime Minister Nasirul Mulk to withdraw the recent price hike in P.O.L products and keep it at the June 20, 2018 price level by slashing the various tax rates and levies on their imports.

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Telenor Microfinance Bank and Telenor Group executives meet with Alibaba CEO Jack Ma, China

The senior management of Telenor, comprising Telenor Group CEO Sigve Brekke, Telenor Microfinance Bank President & CEO Shahid Mustafa, and Telenor Pakistan CEO Irfan Wahab Khan, met with Alibaba CEO Jack Ma and Ant Financial CEO Eric Jing, besides other senior officials from Alibaba Group and Ant Financial in China’s city Hangzhou, last week.

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