President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Wednesday said that commercial importers have been neglected in the Federal Budget 2018-19 and tax rate has further increased despite reduction in that.

President Karachi Chamber of Commerce & Industry (KCCI) Muffasar Atta Malik has requested Sindh Minister for Local Government Department Jam Khan Shoro to issue directives to Karachi Municipal Corporation (KMC) for immediate withdrawal of 20 percent increase in shop rent of KMC owned markets announced last year which appeared in the Challans of January 2018.

Governor State Bank of Pakistan (SBP), Mr. Tariq Bajwa and the German ambassador to Pakistan Mr. Martin Koblerunveiled Rs. 50 commemorative coin in recognition of meritorious services rendered by Dr. Ruth Katherina Martha Pfau at the SBP Headquarters in Karachi. The SBP with the approval from federal Government has issued a commemorative coin of Rupees 50 which will be available for public issuance across the country through SBP Banking Service Corporation offices from May 9, 2018.

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem met with the President of Azerbaijan, Ilham Aliyev in Baku yesterday (9 May)to explore future opportunities for economic cooperation and existing arrangements to develop logistics infrastructure in the country.

Mr. Bin Sulayem highlighted the advisory role DP World is playing in the development the Alyat Free Trade Zone following an agreement in September 2016.

Ecolean has entered into an agreement with At-Tahur Ltd. purveyor of Pakistan’s leading milk brand Prema to provide an ultimate packaging solution for the brand’s premium fresh milk offering in the portion-sized segment, with Ecolean® Air 250ml. Ecolean has recently ex-tended its packaging facilities with a huge investment in Pakistan and this recent agreement is in line with its commitment to provide innovative and convenient packaging solutions. 

FPCCI has announced holding of 4th Pakistan Trade Expo 2018 at Toronto in the month of October 2018. Giving details of the Trade Expo Senior Vice President FPCCI Mr. Mazhar Ali said that decision has been taken in view of the last three such successful events in Canada organized by FPCCI which yielded fruitful results in terms of promotion of our exports and bilateral trade and economic relations with Canada.

Bank Alfalah and Engro Fertilizers signed an agreement as part of the Agri value Chain Financing Program for the current Kharif Season. The Seasonal Facility will be available for the growers registered with Engro Fertilizers in the Project “Rahbar” and will benefit the farmers of selected districts of Sindh and Punjab.

Chairman NHA Mr. Jawwad Rafique Malik said that success story of NHA during the last five years includes undertaking of four major projects on Public Private Partnership (PPP) at total of US$ 3380 million. He was addressing an Investment Conference held under joint auspices of the Board of Investment (BOI) and Geo Group at a local hotel.

All illegal connection will be disconnected from Kornagi Industrial Area. It was decided in joint meeting of MD Karachi Water and Sewerage Board(KWSB), DC Korangi Abdul Wajid Shaikh and office bearers of Korangi Association of Trade & Industry(KATI). President of KATI Tariq Malik, Senior Vice President Salman Aslam, Head of KATI’s standing committee on KWSB Umer Rehan, Chairman & CEO KITE DMC Zubair Chhaya, Masood Naqi and others also attended the meeting.

Reon Energy Limited today announced its latest project at QICT DP World. The 185 kW solar carport installations is one of the fastest growing trends in the photovoltaic market. The energy system will provide considerable savings in energy-costs, along with an expected reduction of 108tonnes in annual carbon-emissions.