Pakistan-Afghanistan future belongs with each other: PAJCCI

PAJCCI held stakeholders meeting at Chamma Border Crossing, the most active trading border in Baluchistan and famous across the country for the supply of grapes, apricots, plums, peaches, melons, apples and other fruits. The meeting was arranged at Chaman Center and attended by a large number of business community members of both sides, Government officials consisting of Abid Hussain; Director Transit Trade, Col.… Continue

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Jazz launches “GameNow Esports Platform”

Jazz, Pakistan’s number one 4G operator and the largest internet and mobile broadband provider, has launched its Esports platform GAMENOW ESPORTS with registrations now open for proleague season 1. The league features six popular games: PUBG Mobile, FreeFire, DOTA 2, Valorant, Call of Duty 4 and Asphalt 9 with cash prizes ranging from PKR 500,000 to 1,000,000.… Continue

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Developed countries have pushed the world into an economic crisis: Mian Zahid Hussain

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said the whole world had been pushed into an economic crisis by the developed countries in an attempt to punish Russia.… Continue

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NdcTech joins hands with CaterpillHERs to empower Women in Pakistan

NdcTech, Pakistan’s leading IT & Consulting company, has joined hands with CaterpillHERs to provide remote based education to female freelancers looking to kickstart their career from scratch.

Under this CSR initiative, the selected women who are seeking to head start their career or business will be placed in a 12-week acceleration cohort.… Continue

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U.S. and FC KPK officials inaugurate new training facilities, sign agreement for $10.5 million projects

United States Assistant Secretary of State for International Narcotics and Law Enforcement Affairs (INL) Todd D. Robinson and the U.S. Embassy in Pakistan INL Section Director Mark Tervakoski joined Inspector General of Frontier Corps Khyber Pakhtunkhwa South Major General Muhammad Munir Afsar, Deputy Inspector General of Frontier Corps Khyber Pakhtunkhwa North Major Brigadier Sajid Majeed, and other senior Frontier Corps leadership as they inaugurated new training structures and signed an agreement for two joint projects worth approximately $10.5 million (2.1 billion PKR) on July 1, 2022. … Continue

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Walee-Nust launches Pakistan’s first center of excellence for social and digital media technologies

Walee Technologies Pvt. Ltd. (Walee), Pakistan’s leading influencer marketing technology company, and the country’s top academic institution, the NUST School of Electrical Engineering & Computer Science (SEECS) have established Pakistan’s first industry-academia Center of excellence to develop innovative social and digital AI-driven solutions and deeper intelligence to serve the USD100 billion* global creator economy.… Continue

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Nasir Javed meets the Finance Minister – requested to abolish the rental tax rate

Regarding the new tax on real estate and construction, Patron, in Chief Federation Realtors of Pakistan and Association, Nasir Javed, met with Finance Minister Miftah Ismail and discussed the problems of people involved in the real estate sector.

Informing the Finance Minister, Nasir Javed advised the Finance Minister to reduce the tax rate to one percent, reduce the rate and period of gain tax, and abolish the new rental tax.… Continue

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USA assistance for Afghanistan on June 22 Earthquake

The devastating June 22 earthquake in eastern Afghanistan intensified the ongoing humanitarian crisis the Afghan people have endured for too long. U.S.-funded partners on the ground responded rapidly with medical care, and President Biden directed an assessment of additional needs in the wake of the natural disaster.… Continue

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OICCI and ICBC Pakistan successfully held Webinar on RMB

To facilitate local markets understanding and utilization of RMB, and further in the light of some interest in a new circular by PBC (People’s Bank of China), effective from March 1, 2022, to allow Chinese Commercial banks in China directly lend RMB to overseas entities, ICBC Pakistan and OICCI (Overseas Investors Chamber of Commerce and Industry) had jointly held webinar on the subject RMB: Development, Infrastructure and Products.… Continue

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MMBL to offer inclusive financial services to HomeChefs

Mobilink Microfinance Bank Limited (MMBL), the largest digital bank in Pakistan, has partnered with foodpanda HomeChefs, the nation’s leading platform for home-based restaurants, and AdalFi, a Techlogix subsidiary focused on digital financing, to initiate short-term micro-financing solutions for household chefs. Being a first-of-its-kind initiative, this strategic alliance will offer weekly loans of up to PKR 50,000 for HomeChefs to help resolve supply chain, marketing, and food quality issues, ultimately driving higher revenues and branding benefits for these home-based business ventures.… Continue

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Treet Corporation Limited trims costs with Oracle Cloud Infrastructure

Treet Corporation Limited (TCL), a Treet Group company, uses Oracle Cloud Infrastructure (OCI) to help lower costs, support business growth, and improve productivity. By migrating its on-premises, business-critical finance, and manufacturing applications to OCI, TCL has reduced its capital expenditure (CAPEX) by 66 percent, maintenance costs by 50 percent, and sped up data backup times by 66 percent while minimizing system downtime.… Continue

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Leadership’s role is crucial for Pakistan’s progress: Arif Alvi

The role of leadership is very crucial in challenging times; it is about understanding issues and being persistent in the pursuit of solutions. If the leadership is clear-headed, it can lead the nation toward progress. This was stated by Dr Arif Alvi, President of the Islamic Republic of Pakistan, in an exclusive interview with Muhammad Azfar Ahsan, CEO and Founder of CORPORATE PAKISTAN GROUP and Nutshell Group.… Continue

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PSX outlook for next week

With increased direct taxation measures and reversal of fuel & electricity subsidies, the resumption of the IMF program now looks increasingly likely. However, recent imposition of super tax and poverty alleviation tax on corporate earnings will weigh heavily on investors as earnings outlook and dividend yields are set to take a hit.… Continue

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Pubg Mobile strives to promote Pakistan’s beautiful landscapes

Taking inspiration from the vision of Pakistan Tourism Development Corporation (PTDC) to help mainstream tourism in the country, PUBG MOBILE, Pakistan’s No. 1 gaming platform, is working towards bringing attention to Pakistan’s stunning scenery and beautiful culture both online as well as offline, which can be further supported with patronage from Pakistan’s foremost tourism authority.… Continue

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Pakistan needs a new economic order: Mian Zahid Hussain

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the country would be able to get loans from friendly countries and other sources after getting a loan from the IMF.… Continue

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Careem partners with TCF, Chughtai Labs to provide health and education benefits to its Captains

On the occasion of UN Public Service Day, Careem, the Super App of the greater Middle East and Pakistan, has partnered with The Citizens Foundation (TCF) and Chughtai Labs to provide subsidized rates for quality education and healthcare to its Captains and their children.… Continue

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10% Super Tax will take the corporate tax to an unbearable 39%:FPCCI

Mr. Shabbir Mansha, Acting President FPCCI, has categorically denounced imposition of 10 percent super tax on large industries; which already pay hefty corporate tax of 29 percent and generate millions of jobs in the country as well. No country in the world can charge 39 percent tax to corporations and still keep the economy afloat, he added.… Continue

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Google launches Think Games & Gaming Growth Lab

Google today announced it has successfully launched Think Games, Pakistan’s first thought leadership and knowledge-sharing event for game developers, which saw over 1,600 attendees. First announced in May 2022, the two–day event aimed to create an environment for Google leaders and local gaming experts to share insights, tools, and best practices to help developers create, grow and scale world-class games. … Continue

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UN Women Pakistan and foodpanda Pakistan promote workplace safety and gender equality for women

UN Women and foodpanda Pakistan have announced a partnership on promotion of gender equality in the workplace. Under the partnership various initiatives and training will be undertaken to address and implement strategies pertaining to gender-responsiveness and creating a healthy work environment.  … Continue

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Huawei, ETPB build data center facility in Evacuee Trust Property Board

Huawei and its Tier-1 partner CMC achieved a notable milestone after building a Tier-3 Data Center facility in Evacuee Trust Property Board, Government of Pakistan. This state of the art Data Center has been up and running after the formal inauguration held on Sundayby Mufti Abdul Shakoor, Federal Minister for Religious Affairs and Interfaith Harmony.… Continue

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Hysab Kytab App aims to become an international brand

Hysab Kytab (Private) Limited, a Company of JBS in Pakistan, plans to make their digital product – Hysab kytab App, an international brand like Shan food products worldwide. The ambition strategy was shared by the Head of Hysab Ketab Mohammad Yasir Ilyas and Marketing Lead Ms Nosheen Naz of the Company to a select group of media people in Karachi today.… Continue

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Progress on the Safe City project is in full swing, IGP, Sindh

Inspector General of Police (IGP) Sindh Ghulam Nabi Memon has said that work on the Safe City project in Karachi is in full swing. To curb criminal elements, the police have stepped up patrolling, blockade, and snap-checking which is yielding positive results and restoring law and order in the city.… Continue

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K-Electric ensured sustained power supply during first spell of pre-monsoon rain in Karachi

As Karachi received light to moderate rain on Wednesday evening, K-Electric ensured sustained power supply to the city. The utility’s team continued to remain vigilant and active throughout sporadic weather conditions and ensured the stability of its power supply network.

Areas with high incidence of theft and kunda usage were preemptively shut down temporarily in the interest of safety of the residents and the power was swiftly restored after receiving clearance from the ground team.… Continue

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The Federal Budget is anomalies-ridden: FPCCI

Mr Shabbir Mansha, Acting President FPCCI, has expressed profound concerns about the glaring anomalies in the federal budget 2022 – 23. He added that we had noticed anomalies in custom duties, regularity duties, income tax and sales tax.

Mr. Shabbir Mansha noted that a turnover tax of 1.25 percent for traders, distributors and dealers is unbearable as profit margins are barely 2 percent in-market sales, and the turnover tax will continue to discourage SMEs from being registered in sales tax.… Continue

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SMEDA & ITC sign MoU for rural advancement through SME development in Pakistan

The Small and Medium Enterprises Development Authority (SMEDA), under the patronage of the Ministry of Industries and Production (MOIP), has signed a Memorandum of Understanding (MOU) with the International Trade Center (ITC) to undertake joint activities for effective implementation of the EU-funded grant project; “Growth for Rural Advancement and Sustainable Progress” (GRASP)

GRASP is a six-year project designed to reduce poverty in Pakistan by strengthening small-scale agribusinesses in two provinces, i.e.… Continue

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