Rise in prices of petroleum products will cause increase in inflation and cost of doing business

Chairman of the Businessmen Panel of and former provincial of Mian Zahid Hussain on Wednesday said that high rise in prices of petroleum products will highly increase the cost of doing business ultimately affecting all industries equally. Prices of POL have risen on June 20 this year and again with a difference of only 10 days, prices are again increased.

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Domestic cement dispatches grew by 15.42% during 2017-2018

Pakistan cement industry ended fiscal 2017-18 on a jubilant note, posting yearly growth of 13.84%; with domestic consumption increasing by 15.42% and exports inching up by 1.77% – first time in nine years that exports registered growth. According to data released by All Pakistan Cement Manufacturers’ Association (APCMA), during the fiscal year 2017-2018, domestic consumption stood at 41.147 million tons, an increase of 15.42% from 35.651 million tons in 2016-2017.

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FPCCI demands withdrawal of hike in oil prices

Tariq Haleem, Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the caretaker Prime Minister Nasirul Mulk to withdraw the recent price hike in P.O.L products and keep it at the June 20, 2018 price level by slashing the various tax rates and levies on their imports.

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Telenor Microfinance Bank and Telenor Group executives meet with Alibaba CEO Jack Ma, China

The senior management of Telenor, comprising Telenor Group CEO Sigve Brekke, Telenor Microfinance Bank President & CEO Shahid Mustafa, and Telenor Pakistan CEO Irfan Wahab Khan, met with Alibaba CEO Jack Ma and Ant Financial CEO Eric Jing, besides other senior officials from Alibaba Group and Ant Financial in China’s city Hangzhou, last week.

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Haroon Rashid becomes MD of Shell Pakistan

Haroon Rashid has been appointed as the Chief Executive & Managing Director of Shell Pakistan Limited (SPL) with effect from July 01, 2018. Haroon has been a Director on the Board of SPL since 2011. He replaces Jawwad Cheema who is moving on to another senior leadership role within the Royal Dutch Shell Group.

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TYF 2016 alumnus receives prestigious ‘Queen’s Young Leaders Award’ for digital learning project

Haroon Yasin, a Telenor Youth Forum (TYF) 2016 alumnus, has received the prestigious Queen’s Young Leaders Award from Her Majesty Queen Elizabeth at the Buckingham Palace, London, in recognition of his digital learning project ‘Orenda’. The Award recognizes and celebrates exceptional people aged 18-29 from across the Commonwealth, who are taking the lead in their communities and using their skills to transform lives.

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