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KCCi urges government to take back decisions to raise electricity tariff

Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala, President KCCI Shariq Vohra and Chairman Pakistan Apparel Forum Muhammad Jawed Bilwani have appealed Prime Minister Imran Khan and his economic aides to take back the totally unwise and ill-timed decisions to raise electricity tariff by 15 percent and closedown captive power plants which would not only have a devastating impact on the export-oriented industries but would also terribly disturb the local production of general industries, besides sabotaging all the efforts being made by the government to enhance the exports.

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Increase in electricity tariff affected investor sentiment at PSX

Market oscillated between +132pts and -294pts, ending the session -55pts (unadjusted). Global stock markets took breather since last evening, which trickled in regional markets as well. KSE100 saw across the board selling on the concern of monetary policy decision, which was announced in the last half hour of the session, besides the redemptions from mutual funds.

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Nestlé Pakistan steps-up efforts for waste-free Hunza

Nestlé Pakistan recently stepped up efforts under the Clean Hunza Project by installing a machine for bailing and compressing packaging waste in Hunza in line with its global vision for a waste-free future. Launched in 2019, Clean Hunza Project is part of District Council Hunza’s initiative on waste management, in partnership with Nestlé Pakistan, Gilgit Baltistan Waste Management Company (GBWMC) and KADO.

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Zong launches unbeatable China international roaming offer for prepaid customers

Strengthening its industry-leading international roaming services portfolio even further, Pakistan’s cellular and digital services leader, Zong 4G, has introduced a matchless China International Roaming offer for its prepaid customers.

The China International Roaming Power Offer gives the subscribers 150 Minutes, 150 SMSs, 2GB of data with a validity of 15 days for only PKR 3,199 + Tax.

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SBP decided to maintain the policy rate at 7 percent

  1. At its meeting on 22nd January 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. The MPC noted that since the last meeting in November, the domestic recovery has gained some further traction. Most economic activity data and indicators of consumer and business sentiment have shown continued improvement.
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KCCI, SFIC ink MoU for setting up joint working group

The Karachi Chamber of Commerce & Industry (KCCI) has achieved a significant milestone by signing a Memorandum of Understanding (MoU) with Shanghai Federation of Industry & Commerce (SFIC) for establishing and maintaining long term ties, setting up a joint working group and building a platform for economic and trade exchanges and cooperation between Karachi and Shanghai.

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Power tariff hike to burden masses by over Rs. 200 billion.: Mian Zahid Hussain

Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said a fifteen percent hike power tariff would burden masses by over 200 billion rupees.

He said the decision should be reversed as it will hit economic activities and erode the confidence of the investors.

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Students win big at Easypaisa’s AppCon 2020

Pakistan’s digital ecosystem is rapidly evolving and Easypaisa, the country’s leading digital payments platform, is playing its role in this change through collaboration and technology. As part of its ambition of transforming the society, Easypaisa organised AppCon 2020, its flagship intervarsity app design competition involving some of the most prominent universities in Pakistan like IBA, NUST, FAST, LUMS and GIKI to highlight the potential of progressive app development within the country.

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