China lauded for boycotting G20 meeting in India
On Sunday, former Vice President of FPCCI Atif Ikram Sheikh lauded the Chinese leadership for declining to participate in the G20 summit to be held next week in India. Chinese…
SalamAir announces the inauguration of three new destinations in June and July 2023
SalamAir, Sultanate's fastest-growing value-for-money airline, is delighted to announce the launch of three new destinations in June and July. These new destinations include Almaty, Kazakhstan, Kuala Lumpur, Malaysia, and the…
PSX’s performance last week and the IMF issue
The market opened positively after IMF Resident Representative dismissed rumours that Pakistan needs to raise USD 8bn instead of USD 6bn, to finance the external debt repayments. Moreover, political tensions…
Pakistan Pharmaceuticals – Cabinet approves one-time hike in pharmaceutical prices by 14-20%
In a recent development, the Federal cabinet approved a 14-20% hike in pharmaceutical prices. Pharmaceutical manufacturers demanded a 40% hike in pharmaceutical prices amid a sharp rupee devaluation against the…
Rafiq Sulaiman Memon appointed Chairman of Leadership Forum for East Africa
President Memon Leadership Forum (Global) Abdul Rahim Janu, a prominent businessman of the country and former chairman of Rice Exporters Association of Pakistan (REAP), member Memon Leadership Forum (World Council),…
National development associated with women’s empowerment: UBG
Islamabad Women's Chamber of Commerce and Industry (IWCCI) hosted a reception in honour of SM Tanveer, Minister of Industries and Commerce, Government of Punjab, which was heavily participated by leaders…
Pakistan should attract Chinese industrialists for the garments industry: Mian Zahid Hussain.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said China's share in…
SBP releases Half Year Report FY23 on the State of Pakistan’s Economy
The State Bank of Pakistan (SBP) today released its Half Year Report for FY23 on the State of Pakistan's Economy. The analysis in the Report was prepared on data outturns…
S&P Global Pakistan signs MoU with Team Up
S&P Global has signed a Memorandum of Understanding (MoU) with Team up Pakistan. The initiative aims to establish a sustainable, and mutually beneficial collaboration to provide employment to the youth…
Chairman WAPDA visits Tarbela 5th Ext; reviews progress on the project.
Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd), during his visit to Tarbela 5th Extension Hydropower Project, was briefed that electricity generation from the project would start in 2025. Mr.…
UPaisa introduces a Digital QR Code Scan feature for hassle-free transactions.
In line with its commitment to providing high-quality user journeys, UPaisa has introduced an innovative QR Code Scan feature on its digital app to bring unprecedented ease and convenience to…
The week closed off in green at the PSX today
· The week closed off in green at the PSX today. The opening session was volatile as investors remained cautious owing to the political uncertainty in the country mostly trading…
PCJCCI and APCEA celebrated the anniversary of Pakistan-China diplomatic relations
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) and All Pakistan Chinese Enterprises Association (APCEA) organised an event to celebrate Pakistan and China diplomatic relations on at Pearl Continental…
Pakistan IT exports suffered in Apr-23 due to lesser working days
Pakistan's Information Technology (IT) exports for April 2023 declined by 15% MoM. Segment wise Telecom and Computer Services declined by 36% and 9% MoM respectively. Among Computer Services, Other Services…
Due to political instability, Pakistan’s image is badly affected worldwide.
Sohail Nisar, Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), expressing deep concern over the country's ongoing political conflict, said that Pakistan's image is badly affected in the…
The Salesforce World Tour Essentials Dubai event inaugurated today.
Salesforce, the global leader in customer relationship management (CRM), is experiencing strong growth in the Middle East and enabling customer-focused transformation across the region, with new AI-powered solutions helping organisations…
Pakistan’s foreign reserves fall by $72 million last week.
The total liquid foreign reserves held by the country stood at US$ 9,937.5 million as of 12 May 2023. The break-up of the foreign reserves position is as under: Foreign…
Staycations in Pakistan: affordable and luxurious options for a perfect getaway with Sastaticket.pk
With travel restrictions still in place due to the pandemic, many people are looking for alternative ways to escape the monotony of daily life. One such option is a staycation,…
Avanceon Limited to expand into Central Asia and South East Asia during CY23
The management of Avanceon Limited (AVN) and Octopus Digital Limited held a corporate briefing session on 17th May'23 to discuss the company's financial performance and future outlook. Brief Takeaways ·…
FPCCI Budgetary Proposals: Taxation reforms should be based on simplification & broadening
Mr. Irfan Iqbal Sheikh, President FPCCI, has said that the much needed taxation reforms must be introduced in the federal budget 2023 – 24 based on international best-practices; principles of…
State Bank enhances control measures requirements to protect customers from digital banking fraud.
In a major policy directive for combating the menace of social engineering and other digital banking frauds, the State Bank of Pakistan (SBP) has directed commercial banks and Microfinance Banks…
AD Ports Group and Karachi Port Trust (KPT) sign a strategic MOU to Develop Advanced Port Infrastructure at Karachi Port.
A high-powered delegation from United Arab Emirates (UAE) visited Karachi and met with H.E. Faisal Sabzwari, Federal Minister For Maritime Affairs, Government of Pakistan. The Abu Dhabi Ports Group (AD…
Pakistan will host a conference on Green Shipping Challenge in June 2023.
Secretary Ministry of Maritime Affairs Mr Ghufran Memom held a preparatory meeting with the Pakistan Regional Economic Integration Activity (PREIA) delegation at the Maritime Affairs Division today. Additional Secretary of…
Standard Chartered Bank and Mastercard sign an exclusive strategic partnership to accelerate payment innovation in Pakistan.
Standard Chartered Bank Pakistan Ltd. and Mastercard have signed an exclusive strategic partnership to accelerate payment innovation in Pakistan. This partnership is expected to expand the Bank's existing offerings and…
A negative session was recorded at the PSX today.
· A negative session was recorded at the PSX today. The benchmark KSE-100 index opened in the green, but momentum quickly turned as the index swayed both ways and concluded…
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