National Tariff Policy (proposed) to improve competitiveness of Pakistan’s exports – Syed Mazhar Ali Nasir

Karachi: Syed Mazhar Ali Nasir, Senior Vice President and Chairman, Budget Advisory Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has hailed Pervaiz Malik, Commerce Minister and the Secretary Commerce, Mohammad Younus Dagha for incorporating the long outstanding demand of the business community in the (draft) National Tariff Policy to do away with the discrimination between the industrial importers and commercial importers of raw materials, intermediate goods and machinery as these are ultimately used in manufacturing activities and would reduce the cost of production of SMEs and production of export surplus at competitive cost. 

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Turkish Companies show interest in textile and food sector of Pakistan, CG told KATI

Karachi: Consul General of Turkey in Karachi Tolga Ucak said that Turkish companies are interested in Textile and Food sector of Pakistan. He was talking to a gathering on business community at Korangi Association of Trade & Industry (KATI). On this occasion President of KATI Tariq Malik, SVP Salman Aslam, VP Junaid Naqi, Zubair Chhaya, Gulzar Firoz and others were present.

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20 pc increase in shop rent of KMC owned markets be immediately withdrawn: KCCI

President Karachi Chamber of Commerce & Industry (KCCI) Muffasar Atta Malik has requested Sindh Minister for Local Government Department Jam Khan Shoro to issue directives to Karachi Municipal Corporation (KMC) for immediate withdrawal of 20 percent increase in shop rent of KMC owned markets announced last year which appeared in the Challans of January 2018.

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Governor SBP unveils Commemorative Coin of Dr. Ruth Pfau

Governor State Bank of Pakistan (SBP), Mr. Tariq Bajwa and the German ambassador to Pakistan Mr. Martin Koblerunveiled Rs. 50 commemorative coin in recognition of meritorious services rendered by Dr. Ruth Katherina Martha Pfau at the SBP Headquarters in Karachi. The SBP with the approval from federal Government has issued a commemorative coin of Rupees 50 which will be available for public issuance across the country through SBP Banking Service Corporation offices from May 9, 2018.

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DP World Chairman meets President of Azerbaijan to explore future opportunities in the country

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem met with the President of Azerbaijan, Ilham Aliyev in Baku yesterday (9 May)to explore future opportunities for economic cooperation and existing arrangements to develop logistics infrastructure in the country.

Mr. Bin Sulayem highlighted the advisory role DP World is playing in the development the Alyat Free Trade Zone following an agreement in September 2016.

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Ecolean partners with Pakistan’s leading milk brand Prema

Ecolean has entered into an agreement with At-Tahur Ltd. purveyor of Pakistan’s leading milk brand Prema to provide an ultimate packaging solution for the brand’s premium fresh milk offering in the portion-sized segment, with Ecolean® Air 250ml. Ecolean has recently ex-tended its packaging facilities with a huge investment in Pakistan and this recent agreement is in line with its commitment to provide innovative and convenient packaging solutions. 

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FPCCI to organize 4th Pakistan Trade Expo 2018 Toronto, Canada

FPCCI has announced holding of 4th Pakistan Trade Expo 2018 at Toronto in the month of October 2018. Giving details of the Trade Expo Senior Vice President FPCCI Mr. Mazhar Ali said that decision has been taken in view of the last three such successful events in Canada organized by FPCCI which yielded fruitful results in terms of promotion of our exports and bilateral trade and economic relations with Canada.

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Bank Alfalah & Engro Fertilizers ink strategic partnership

Bank Alfalah and Engro Fertilizers signed an agreement as part of the Agri value Chain Financing Program for the current Kharif Season. The Seasonal Facility will be available for the growers registered with Engro Fertilizers in the Project “Rahbar” and will benefit the farmers of selected districts of Sindh and Punjab.

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KWSB assures to resolve water supply and sewerage issues in KIA

All illegal connection will be disconnected from Kornagi Industrial Area. It was decided in joint meeting of MD Karachi Water and Sewerage Board(KWSB), DC Korangi Abdul Wajid Shaikh and office bearers of Korangi Association of Trade & Industry(KATI). President of KATI Tariq Malik, Senior Vice President Salman Aslam, Head of KATI’s standing committee on KWSB Umer Rehan, Chairman & CEO KITE DMC Zubair Chhaya, Masood Naqi and others also attended the meeting.

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Reon announces solar partnership with QICT DP World

Reon Energy Limited today announced its latest project at QICT DP World. The 185 kW solar carport installations is one of the fastest growing trends in the photovoltaic market. The energy system will provide considerable savings in energy-costs, along with an expected reduction of 108tonnes in annual carbon-emissions.

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Uber reaches Peshawar with uberMOTO

The global smartphone app that seamlessly connects riders to drivers has launched its affordable bike-hailing service in Peshawar. Uber officially marks Peshawar as its 8th city of operation in Pakistan with the launch of uberMOTO. After successful launches in Lahore, Karachi, Islamabad, Rawalpindi, Hyderabad, Gujranwala and Faisalabad, Uber has arrived in Peshawar with its safe, reliable and convenient uberMOTO service for the people of Peshawar.

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FPCCI urges the Finance Minister to include its representatives in the Economic Reform Committee

Syed Mazhar Ali Nasir, Senior Vice President and Chairman, Budget Advisory Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged Dr. Miftah Ismail, Federal Finance Minister to, inter-alia, also include two representatives of FPCCI as member of the Economic Reform Committee (ERC), recently formed for reviewing and making recommendations for the improvement of the economy.

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