Korangi Association of Trade & Industry (KATI) has applauded the actions taken by Chief Mnister Sindh Syed Murad Ali Shah to fight against coronavirus and welcomed the decision of provincial level lockdown to curb the epidemic. In a statement released by KATI Patron –in-Chief SM Muneer and President KATI Sheikh Umer Rehan lauded the efforts of CM Murad Ali Shah and his team to fight back Covid-19 spread in the province.
President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday lauded the Prime Minister Imran Khan for announcing a package for the economy which is in trouble due to global recession, double-digit interest rates and coronavirus.
SBP held a meeting with banks today, through video link, to assess their readiness to ensure uninterrupted supply of banking services to clients in the wake of lockdowns and closure of cities by Federal and Provincial Governments due to COVID-19 pandemic.
Chairman Businessmen Group & Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli, while referring to his meeting with Chief Minister Sindh Syed Murad Ali Shah at CM House on Monday, warmly welcomed all out efforts being made by the Chief Minister to contain spread of coronavirus and said that the entire business & industrial community fully supports Sindh government’s lockdown strategy which is really crucial and need of the hour as nothing was more important than saving lives of the masses from the life-threatening disease caused by coronavirus.
To commemorate the National Day of Pakistan, a flag-hoisting ceremony was held today at the Embassy of Pakistan Ankara. In due deference to the local regulations pertaining to public gatherings in the backdrop of COVID-19 pandemic, the event was attended by the Embassy officials only.
As the COVID-19 (coronavirus) pandemic spreads, FINCA Pakistan, part of a global network, is playing its role to stem the spread. The Microfinance Bank has taken swift and divisive measures to ensure the health and safety of its employees, partners and customers all over the world in cognisance of the guidelines suggested by the World Health Organisation.
Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has urged the federal government to strictly order K-Electric to immediately stop and defer Industrial Support Package Adjustment (ISPA), which is being charged retrospectively in a very odd situation as all the industries remain completely shut due to the outbreak of coronavirus and it was impossible to pay such exorbitant electricity bills carrying ISPA.
Pak Suzuki Motors Co. Ltd. (PSMC) reported a loss of PKR2.9bn (LPS: PKR35.49) for CY19 accompanied by a reversal in taxation booked for the year at PKR2.5bn. On a quarterly basis, the company has reported a loss of PKR1.2bn before taxation, translating into a LPS of PKR2.84
President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Friday said coronavirus has started damaging the already fragile economy. The central banks across the world have been cutting interest rates while the government are offering packages to boost economic activities but the situation in Pakistan is otherwise.
Sheikh Sultan Rehman, Vice President FPCCI and Senior Members of FPCCI Mr. Zakaria Usman former President FPCCI and Convener FPCCI’s Budget Advisory Council, Mr. Amjad Rafi and Mr. Amjad Qureshi, Acting Secretary General FPCCI discussed the precautionary measures for Coronavirus with Dr.