Pakistan could overcome trade deficit to enhance edible oil production capacity in local industry, this is said by Umer Rehan, Vice President of Korangi Association of Trade & Industry (KATI) while talking to a delegation of traders. He told on this occasion that Pakistan become third largest importer of Palm Oil in the world which costs 2.5 bn USD annually and import of oil seeds has been hit to the level of 1.5 bn USD.… Read the rest

Pakistan State Oil-sponsored team has successfully clinched top positions at the ‘Cholistan Desert Challenge’ Jeep Rally 2017 organized at Derawar Fort, Southern Punjab. Five PSO-branded vehicles participated in the rally on behalf of Pakistan State Oil of which three bagged the top positions.… Read the rest

 Dawlance has announced two Android based applications meant to make consumers’ life easier. ‘Dawlance Care’ is an application, which acts as a bridge for the consumers and local home appliances giant whereas it also benefits the dealers by helping them to develop better understanding.… Read the rest

Mrs. Sadia Rashid, President, Hamdard Foundation Pakistan and Pakistan Historical Society in her statement have expressed deep sorrow on the sad demise of renowned historian, educationist and politician, Dr. Hameeda Khoro, who died recently.

While praying for the eternal peace for the departed soul and solace for the grieving family, Mrs.… Read the rest

Consul General of Indonesia, Mr. Dempo Awang Yuddie has urged the Business and Industrial Community of Karachi to diversify their exports to Indonesia in order to improve their existing share in the Indonesian market. Speaking at a meeting during his visit to the Karachi Chamber of Commerce & Industry (KCCI), the Indonesian CG said that some traditional items including leather, rice, footwear, kinnows, cotton and textile products etc.… Read the rest

In line with its commitment to provide digital solutions to the needs of today’s customers, JazzCash has partnered with Daewoo Express. Under the agreement, travelers can now pay for their reserved Daewoo ticket through JazzCash. Talking about the partnership, Aniqa Afzal Sandhu, Chief Digital & Financial Services Officer – Jazz said, “This agreement allows Daewoo Express to offer payment convenience and security to its customers.… Read the rest

Mr. Anjum Zafar, Chairman, Pakistan Tanners’ Association (PTA) in a statement stated that the leather sector of Pakistan, which is the 2nd biggest export oriented industry of the country still deprived in result of major omission/missed the export related H.S. Codes of FINISHED TANNED LEATHER such as 112.0000/4113.1000/4113.9000/4107.1200/41.07.9200/4107.9100/4302.1910/4302.1990 in the related SOR # 62(I)/2017 dated 02.02.2017 issued the Ministry of Commerce, Government of Pakistan in the wake of Incentive Package announced by the Honourable Prime Minister on 10.01.2017.… Read the rest

Chairman of Karachi Chamber’s Income Tax & Federal Excise Duty Sub-Committee, Imran Aftab has presided the first meeting of his Sub-Committee at Aiwan-e-Tijarat. In the Picture, President KCCI, Shamim Ahmed Firpo is seen addressing the meeting while Senior Vice President KCCI Asif Nisar, Vice President KCCI Muhammad Younus Soomro and others are also present at the picture.… Read the rest

Shell Pakistan Limited has signed a three year contract with Fatima Group – one of the leading conglomerates in the country, for the supply of Lubricants, technical assistance and services. “We are proud to partner with one of the most progressive business conglomerates in Pakistan.… Read the rest

The Chairperson of Hamdard Laboratories Mrs. Sadia Rashid has appointed Mr. Usama Qureshi as the new Managing Director & CEO of Hamdard Laboratories with effect from February 1, 2017. Mr. Usama Qureshi has over 16 years of professional experience in general management, operations, finance, strategic planning and marketing.… Read the rest

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K-Electric has initiated construction of Port Qasim Grid Station along with 220 KV Double Circuit Transmission Lines with an estimated investment of US$ 71 million. The ground breaking of 220KV Port Qasim Grid Station, which spreads over an area of 11 acres, was performed by Dale Sinkler, Chief Generation & Transmission Officer, K-Electric today.… Read the rest

Etihad Airways today announced the launch of “Runway to Runway,” a unique rewards program specially designed to support the fashion community’s international travel requirements.

Since announcing its fashion partnership with IMG in 2016, Etihad Airways has worked with the company and its fashion industry network to develop a bespoke membership program that offers specialized travel benefits.… Read the rest

A Memorandum of Understanding (MoU) has been signed between State Bank of Pakistan and the Nepal Rastra Bank  – the central bank of Nepal to cooperate in the field of Supervision and Exchange of Supervisory Information. The cooperation between the countries, is in accordance with Basel Core Principles for Effective Banking Supervision.… Read the rest