KARACHI PORT REGISTERS A RECORD CONTAINER HANDLING

Karachi Port saw a record handling of containers during the month ending May 2015,which reflects the favourable policies practiced by port authority under the dynamic leadership of Chairman KPT Vice Admiral (R) Shafqat Jawed. The port has registered handling of 160,649 TEUs (Twenty Equivalent Unit) of cumulative imports and exports containers at its two terminals – the Karachi International Container Terminal (KICT) and Pakistan International Container Terminal (PICT) during the month of May surpasses the previous handling of 156,254 TEUs that it handled in the month of January 2015.

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PTA hails federal budget

Pakistan Tanners Association (PTA) has announced that with the continued
support of Mr. S.M. Muneer, Chief Executive, Trade Development Authority
(TDAP) as well as cooperation and support of all the three leather related
Associations i.e. PLGMEA, PFMA and PGMEA, the Government has granted
exemption of Sales Tax on local supply of raw hides and skins in the Federal
Budget 2015-16, which was announced on 5th June’2015 under Financial Bill
2015.

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Operation Burq- showing results

K-Electric released details related to the ongoing Burq campaign which is targeting heavy defaulters and thieves from all pockets of the Karachi city. KE’s team along with the LEA’s has been working round-the-clock to end the menace of electricity theft and has reaped positive results from areas where previously KE’s team could not even enter due to resistance from public and defaulters.

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West Africa an Emerging Market of Islamic Finance: Zubair Mughal

Zubair Mughal, Chief Executive Officer, AlHuda CIBE along with participant of Specialized Workshop on “Takaful for West African Countries” at Dakar – Senegal, organized by AlHuda CIBE & AAMAS Afrique “.

 

There is an ample scope of Islamic banking and finance in western African region and Senegal can play a vital role in elevating it through the countries.

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Mrs. Sadia Rashid,President Hamdard Foundation Pakistan received 10th Consumers Choice Award 2014 by Chairman Senate of Pakistan Mian Raza Rabbani

Mrs. Sadia Rashid, Chairperson, Hamdard Laboratories   (Waqf ) Pakistan receiving Consumers Choice Award on Rooh Afza from  Chairman Senate Mian Raza Rabbani at 10 Consumers Choice Award 2014 at a local hotel. Kaukab Iqbal, Chairman, Consumers Association of Pakistan and other are present on this occasion.

Mrs. Sadia Rashid, Chairperson, Hamdard Laboratories (Waqf ) Pakistan receiving Consumers Choice Award on Rooh Afza from Chairman Senate Mian Raza Rabbani at 10 Consumers Choice Award 2014 at a local hotel. Kaukab Iqbal, Chairman, Consumers Association of Pakistan and other are present on this occasion.

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SBP Issues Monetary Policy Decision for Next Two Months

Macroeconomic conditions towards the end of FY15 have further improved compared to the beginning of the fiscal year. Current account deficit has narrowed down; average annual inflation is significantly below the target; there is a marginal uptick in real GDP growth; and foreign exchange reserve buildup continues.

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24th Annual Eid Card Competition held at Hamdard Public School

A renowned Social Worker & TV Artist  Mrs. Jehan Ara Hai cutting the ribbon of inauguration of 24th Annual
Eid Card Competition at Bait al Hikmah Auditorium, Madinat al Hikmah organized by Hamdard Public School &
Hamdard Village School. Mrs. Sadia Rashid, President, Hamdard Foundation Paistan, Fatema Munir Ahmed,Vice President Madinat al Hikmah , Prof.

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Siraj Teli urges Business & Industrial community to protest against GIDC Bill 2015, anti-business policies

A dinner reception hosted by the Karachi Chamber of Commerce and Industry (KCCI) and the Businessmen Group (BMG) to mark 18 years of Public Service of Businessmen Group from KCCI’s platform at PAF Convention Center recently.

 

Chairman Businessmen Group (BMG) and Former President of the Karachi Chamber of Commerce and Industry (KCCI), Siraj Kassam Teli, while strongly criticizing the passage of Gas Infrastructure Development Cess (GIDC) Bill 2015 by the Parliaments, urged the business and industrial community of Karachi, particularly the textile sector, to lodge protest against this anti-business move of the government.

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KE: Operation Burq Continues with Positive Results

Operation Burq, KE’s campaign against defaulters and thieves continued with some positive results as some residential and commercial thieves were targeted. KE’s team with the help of FIA, Sind Police and Pakistan Rangers raided almost 80 different spots today which included North Karachi, Nazimabad, Defence, Gulshan, Surjani, Korangi, Clifton, Bahadurabad, Lyari, Baldia, Gadap, ShahFaisal, Malir and Johar, says a statement.

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Sachal Energy gets `financing of US $107 million for Wind Power Project

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Sachal Energy Development (Pvt) Limited, a wholly owned subsidiary of Arif Habib Corporation Limited has announced that they have been sanctioned financing of US $107 million from Industrial and Commercial Bank of China (ICBC) World’s Largest Bank.

It may be mentioned here that Sachal Energy has signed a financing agreement with Industrial and Commercial Bank of China (ICBC) for Sachal Wind Power Plant.

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