NHA’s clarification on bidding process of CPEC projects

Reference certain observations made by the Competition Commission of Pakistan (CCP) in its recent study on road construction sector in Pakistan, and reported in a section of media, the National Highway Authority (NHA) would like to offer the following clarifications regarding bidding process of CPEC projects, which were not covered in the subject study.

Read the rest

Tri-Angels Electronics brings latest Hisense Laser TV technology to Pakistan

The emerging LED TV manufactures of Pakistan, Tri-Angels Electronics launched the latest and top of the line LED and Laser Televisions by China’s number 1 TV brand, Hisense in Pakistan with a colorful ceremony held in Karachi. The 39-year-old brand Hisense form the past 14 years has been leading the charts in China being the No.1 TV brand and No.4 brand in the world has now launched in Pakistan through their exclusive distributing partners Tri-Angel Electronics, and have also established Hisense manufacturing plant in Karachi, Pakistan and started the production of LED TV’s.

Read the rest

Clearing operations for Summit Bank to continue smoothly

State Bank of Pakistan has noticed misleading rumors spreading in social media regarding clearing operations of Summit Bank Ltd. It is clarified that NIFT (National Institutional Facilitation Technologies), which provides clearing services for banks, has not discontinued its membership or its services in any way for the Summit bank.

Read the rest

New Visa Office to be opened for Visas

The government of UAE will be opening a new office in Karachi in next two months to attend all kind of visas including renewal of residence & work permits to facilitate Pakistanis going to UAE announced by the Acting Consul General of UAE in Karachi Bakheet Ateeq Al Romaithi, in the 1st meeting of Pakistan-UAE Business Council FPCCI, chaired by Dr.

Read the rest

DP World acquires leading port related logistics solutions provider in Europe

Global trade enabler, DP World today announces the signing of the acquisition of 100% of the Unifeeder Group (“Unifeeder”) for €660 million from Nordic Capital Fund VIII and certain minority shareholders. Based in Aarhus (Denmark), Unifeeder operates the largest and most densely connected common user container feeder and an important and growing shortsea network in Europe, serving both deep-sea container hubs and the intra-Europe container freight market.

Read the rest

2nd Parvez Abbasi Open Shooting Championship inaugurated

Competitions at the Parvez Abbasi Open Shooting Championship 2018 kicked-off on Tuesday, August 7, 2018 at the Pakistan Navy Shooting Range in PNS Karsaz, Karachi. The six-day tournament has gathered shooters from across the country to compete in various type of firearms shooting sport Air Pistol, Air Rifle, Big Bore Pistol, Big Bore Rifle, Skeet Olympic, Trap Olympic and .22 Sight Rifle.

Read the rest

Pakistan-Turkey collaboration on disaster management to be intensified

Pakistan and Turkey would work together to further intensify mutual collaboration in the field of disaster management. This was agreed during the meeting between Lt. General Omar Mahmood Hayat, Chairman of Pakistan’s National Disaster Management Authority (NDMA), and Dr. Mehmet Güllüoğlu, President of Turkey’s Disaster and Emergency Management Authority (AFAD), in Ankara today.

Read the rest

Telenor Velocity partners with incubation centers and accelerators to facilitate the startup community

To support budding Pakistani startups on a larger scale, Telenor has widened the scope of its flagship ‘Velocity’ accelerator by partnering with incubation centers and other accelerators across the nation. Telenor Velocity is Pakistan’s first telco-led accelerator that helps promising startups overcome the barriers holding their business back and work closely to identify steps they need to take to achieve rapid and sustainable growth.

Read the rest

Trade Chronicle Latest Edition

Subscription Rates

Annual Rs. 1,000/- and Foreign by Air Mail $75/-

Click here for Subscription