Pakistan leather industry exports are standstill due to ongoing strike by Goods Transporters for the last eight days. As a result of strike, a large number of containers of finished Leather/Goods/Garments/Footwear and specially Chemicals & Machineries and specially Raw skins/Materials are lying at Karachi Ports for want of transport and most of them are perishable are now on high risk of losses and leading the cause of sever demurrage at Ports by exporters / importers of leather industry.
Patron in Chief of Korangi Association of Trade & Industry (KATI) S M Muneer and President of KATI Masood Naqi showed their concern over strike by Goods Transporters of Karachi, which caused heavy losses to the exports and import activity at Karachi Port.
Pakistan’s leading banking institution, Bank Alfalah has won the ‘Best Loyalty and Rewards Program Award’ for its Orbit Rewards Program at the 2017 Mastercard MENA Leadership Forum that took place in London, UK. Hosted by Mastercard, a leading technology company in the global payments industry, the Forum brought together executives from a number of leading banks in the region, to discuss the future of the payments industry and celebrate the success of financial organizations in maximizing the reach of Mastercard’s solutions and programs among their customers.
IFC, a member of the World Bank Group, conducted housing microfinance training in April at Khushhali Microfinance Bank, Pakistan’s leading microfinance bank. The objective was to enhance the capacity of thebank’s loan officers on a new micro-housing product recently launched by the Bank.
Civil Aviation Authority (CAA) submitted its first written response to Sindh High Court (SHC) in the case filed by Shaheen Air for acceptance of new flight schedules, therefore SHC has adjourned the case to 23rd May 2017.
Earlier, SHC had ruled in favor of Shaheen Air International (SAI) against CAA’s directive to submit documents, within 45 days, for a fresh Regular Public Transport (RPT) license by legally suspending this demand.
Pakistan Naval Ship PNS Zulfiquar, commanded by Captain Faisal Javeed Sheikh, will arrive on 13th May 2017at the Republic of Singapore from Colombo to take part in the International Maritime Defence Exhibition ( IMDEX) Asia- 2017. The IMDEX is part of a series of events planned by the Singapore Navy to celebrate its Golden Jubilee.
‘The scarcity of judges and buildings of court is the main hindrance in providing speedy justice in the country. The ratio of judges is very less and for 300,000 people there is one judge in Pakistan while in developed countries it is one judge for 10,000 people.
Car sellers can now get their cars inspected and sold at fair price within an hour through CarFirst’s safe and hassle free process. CarFirst uses an internally developed algorithm, market intelligence, and a professionally trained team to conduct inspections and valuations.
VEON in the first quarter of 2017, recorded an impressive revenue growth of 5.4 percent on its Pakistan operations to PKR 38.7 million. The positive momentum is continuing into 2017 with solid revenue growth and synergies on track.
Telecommunication service revenue increased to a noticeable 4.2% on a pro-forma basis to PKR 36.2 million, parent company Vimplecom reported today.
The CEO of Engro Fertilisers- Mr. Ruhail Mohammad has suggested to the government to withdraw General Sales Tax (GST) instead of giving subsidy on the urea, adding that this will save the industry from a number of issues. The CEO said today that the GST is almost equivalent to the subsidy the government gives on urea therefore; the replacement of the subsidy with GST would not make any difference on the market dynamics.