Prime Minister Shahid Khaqan Abbasi chairs ECC meeting

The meeting of the Federal Cabinet was held today in Prime Minister’s Office with Prime Minister Shahid Khaqan Abbasi in chair. The Federal Cabinet approved a proposal by Aviation Division to grant exemption to Pakistan International Airlines Corporation Limited (PIAC) from fee payable @ 0.1% to the Pakistan Stock Exchange Limited (PSX) and supervisory fee payable @ 10% to Securities and Exchange Commission of Pakistan of PSX fee on issuance of additional shares.

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Thar Foundation, STEVTA ink MoU to impart demand-driven skills to Thari Youth

The Thar Foundation and Sindh Technical Education and Vocational Training Authority (STEVTA) have partnered to train Thari Youth in demand driven technical trades that will have better employability in current and future mining projects in projects of Thar Coal. As per the agreement, STEVTA will train youth from the Tharparkar district, initially, in refrigeration and air conditioning trade, and the SECMC and EPTL will employ the trained human resource in the Thar Coal project at Block II.

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Khaadi partners with Systems for enterprise automation and integration

Systems Limited has partnered with Khaadi, Pakistan’s premier retailer and fastest growing company, and will modernize their existing business processes to empower them to achieve accelerated growth.Deploying leading-edge IT solutions optimized for the Fashion & Apparel industry, Systems Limited will improve the retail giant’s footprint in the global economy.

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Milaha launches NVOCC Tracking App for Smartphones in Qatar

Milaha, a maritime and logistics conglomerate based in Qatar, has launched a mobile application that allows its customers to track their shipments around the world using a bill of lading ID or container number. Through the new, free app — named “Milaha NVOCC Tracking” (iOS, Android) — customers will also have access to the company’s NVOCC (Non-Vessel Operating Common Carrier) voyage schedules, arranged by time or location, and will also be able to provide feedback on the company’s services.

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DP World to develop infrastructure and logistics blueprint for Mali

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, met with the President of Mali, Ibrahim Boubacar Keïta, last week to discuss a trade and logistics master plan to unlock the resource rich country’s economic potential. The plan includes a transportation and logistics strategy with electronic customs processes, replicating DP World’s successful model with Dubai Trade at its flagship Jebel Ali Port and Freezone in Dubai.

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DP World chairman meets president of Senegal on tour of Africa

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem has met with Senegalese President Macky Sall as part of a tour of West and North Africa to confirm development of infrastructure projects in the country. The discussions, attended by Prime Minister Mohammed Dionne and senior government officials, confirmed the plan for Port Du Futur with construction to start before the end of 2018 together with agreement on land allocation for the associated freezone.

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KCCI: Muffasar Malik demands extension in last date up to Oct 31

President of the Karachi Chamber of Commerce and Industry (KCCI), Muffasar Atta Malik has demanded that the last date for filing Income Tax/ Sales Tax Returns has to be extended by at least one month upto October 31, 2017, which would enable those taxpayers, who had been facing problems in filing their returns due to numerous reasons, to submit their returns.

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State Bank keeps the policy rate at 5.75%.

Macroeconomic environment remains conducive to growth without impacting headline inflation. Favorable initial estimates of major crops, a healthy growth in credit to private sector and growing productive imports all indicate solid gains in the real sector. On the back of adequate food supplies and stable international commodity prices, headline inflation decelerated in the first two months of FY18.

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State Bank keeps the policy rate at 5.75%.

Macroeconomic environment remains conducive to growth without impacting headline inflation. Favorable initial estimates of major crops, a healthy growth in credit to private sector and growing productive imports all indicate solid gains in the real sector. On the back of adequate food supplies and stable international commodity prices, headline inflation decelerated in the first two months of FY18.

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Amanullah new chairman of PTA

Mr. Amanullah Aftab of M/s. Hafiz Tannery, Karachi has been elected unopposed as Central Chairman of Pakistan Tanners Association (PTA) in the elections of the association held on 29th September’2017. According to result provided by PTA, similarly, Mr. Mansoor Iqbal of M/s.

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PSAA Elections result for the year 2017-2018

Mr. Mohammed A. Rajpar has been elected as Chairman of the Pakistan Ship’s Agents Association (PSAA) for the term 2017-2018, during AGM of the association, held on 26th September, 2017 at Beach Luxury Hotel, Karachi. Similarly, Capt. S. Kamal A. Mahmoodi , was elected as Senior Vice Chairman and Mr.

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