The U.S. Embassy Islamabad, in conjunction with the Pakistan Telecommunications Authority (PTA), hosted a day-long seminar on financial inclusion and e-commerce. In addition to a panel discussion on financial inclusion in Pakistan, representatives from MasterCard spoke about how the company assists with establishing financial inclusion in other countries.… Read the rest
Karachi: In line with its commitment of facilitating passengers, the second national carrier of Pakistan Shaheen Air International (SAI) has signed an agreement with Silk Bank to provide 9% discount to bank’s credit card holders on online purchase of tickets.
The signing ceremony was held at Silk Bank head office in Karachi where the Chief Marketing Officers of Shaheen Air Mr.… Read the rest
Karachi: In a prolific development, Pakistan’s largest telecom network Zong 4G has launched its operations in the port city of Gwadar, the future international business hub which has already seen foreign and local investment amounting in billions of dollars and rupees.… Read the rest
Data from Federal Board of Revenue (FBR) shows that third tier tax slab on cigarettes has remarkably helped to boost revenue collection in fiscal year 2017-18 compared to last year, which could improve further if a proposed audit of tobacco industry is extended to retailers to check effective enforcement of the stipulated minimum price law.… Read the rest
Overseas Pakistani workers remitted US $16257million in the first ten months (July to April) of FY18, showing a growth of 3.92 % compared with US $15643.97million received during the same period in the preceding year.
During April2018, the inflow of worker’s remittances amounted to US $1650.59million, which is 6.89% lower thanMarch2018 and 7.25%higher than April2017.… Read the rest
A seminar on the topic of “Is budget 2018 business friendly” was held at Korangi Association of Trade & Industry (KATI) and attended by a large number of industrialists. President of KATI Tariq Malik, SVP Salman Aslam, VP JunaidNaqi, Head of KATI’s Standing Committee on Seminars & Workshops Zaki Sharif, Chairman and CEO KITE DMC ZubairChhaya, Masood Naqi, former presidents of KATI and a larger number of industrialist community attended the seminar.… Read the rest
Engro Foods Limited attracted investment from a Dutch Dairy giant called Royal Friesland Campina, the 6th largest dairy company of the world. To celebrate the Dutch festivities in Pakistan Engro Foods Limited actively participated in the King’s Day’ celebrations, hosted by the Netherland’s Ambassador in Pakistan – Mrs.… Read the rest
Karachi: Jazz has introduced a digital policy framework for the Government of Pakistan after analyzing 7 developing countries, which already have a Digital Policy in place. Called ‘Accelerate to a Digital State’, this policy framework was presented to Minister of State for IT& Telecommunication (MoITT), Ms.… Read the rest
Karachi: Syed Mazhar Ali Nasir, Senior Vice President and Chairman, Budget Advisory Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has hailed Pervaiz Malik, Commerce Minister and the Secretary Commerce, Mohammad Younus Dagha for incorporating the long outstanding demand of the business community in the (draft) National Tariff Policy to do away with the discrimination between the industrial importers and commercial importers of raw materials, intermediate goods and machinery as these are ultimately used in manufacturing activities and would reduce the cost of production of SMEs and production of export surplus at competitive cost.… Read the rest
Karachi: Consul General of Turkey in Karachi Tolga Ucak said that Turkish companies are interested in Textile and Food sector of Pakistan. He was talking to a gathering on business community at Korangi Association of Trade & Industry (KATI). On this occasion President of KATI Tariq Malik, SVP Salman Aslam, VP Junaid Naqi, Zubair Chhaya, Gulzar Firoz and others were present.… Read the rest