Pakistan is badly stuck in debt trap
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, said on Friday that Pakistan finds itself in a precarious situation with its mounting debt…
Unfortunately, foreign investment is at a 50-year low. : 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 said on Thursday that it is sad…
The nuclear program is a priceless gift to the people of Pakistan
Dr. Muhammad Hanif Mughal, Chairman of Pakistan Tehreek-e-Shadbad, said on Thursday that those who started Pakistan's nuclear program and those who completed it despite all the obstacles are our heroes…
KATI raises alarm over IMF’s trade deficit forecast
The Korangi Association of Trade and Industry (KATI) President Johar Qandhari has expressed deep concern over the International Monetary Fund’s (IMF) forecast that the trade deficit will exceed $27 billion…
KP Govt should assist the centre in a successful IMF deal.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Monday that the government…
The 1990s marked beginning of Pakistan’s decline and India’s rise
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, said on Sunday that India started the journey of development in the early 1990s. In…
The size of the undocumented economy is increasing rapidly in Pakistan.
Dr Muhammad Hanif Mughal, Chairman of Pakistan Tehreek-e-Shadbad, said on Sunday that the size of the undocumented economy is increasing rapidly in Pakistan, which is the failure of FBR. He said the…
Business community’s grievances with customs preventive & anti-smuggling should be addressed: FPCCI
Mr. Atif Ikram Sheikh, President of FPCCI, has underscored the significance of the business, industry and trade community of Pakistan's grievances with the malpractices in preventive and anti-smuggling functions of…
Black money was allegedly used to buy lavish properties in Dubai.
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Wednesday that elites view Pakistan as a valuable resource and are only interested in resource…
Pakistan GDP grew 2.09% in 3QFY24; 9MFY24 Avg 2.2%
National Accounts Committee (NAC) released GDP estimates for 3QFY24 which have shown a growth of +2.09% compared to -0.42% recorded in 3QFY23. NAC has also released provisional numbers for full…
KATI submits comprehensive budget proposals to the Federal Government
The Korangi Association of Trade and Industry (KATI) has presented a comprehensive 72-page budget proposal to the federal government, earning commendations from government officials. Both the Prime Minister's Secretariat and…
Inflation creates a gulf between government and people: Mian Zahid Hussain.
On Monday, the Chairman of National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said that the…
The government should learn a lesson from Dubai Leaks.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Friday that disclosing Pakistanis' properties…
SITE asks govt to bring the untaxed sectors of the economy into the tax net.
SITE, Pakistan's Industrial Powerhouse and the SITE Association of Industry (SAI) is the voice of Pakistan's largest & most diverse industrial base. The Industrial Sector contributes 20-22% to the GDP…
FM’s decision to bring FATA and PATA into the tax net is laudable.
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, on Friday, welcomed the decision of the Finance Minister Muhammad Aurangzeb to bring erstwhile Federally…
Shahbaz Sharif’s resolve to sell SOEs welcomed
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister, Mian Zahid Hussain said on Wednesday that Prime Minister…
FBR should be granted full autonomy to improve the economy
Dr. Murtaza Mughal, President of Pakistan Economy Watch (PEW), said on Tuesday that Pakistan's economic autonomy is contingent upon the Federal Board of Revenue's autonomy. He stated that FBR should…
Finance Minister’s determination to sell state-owned companies is laudable.
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Tuesday that Prime Minister Shahbaz Sharif has successfully regained the confidence of the…
Tax targets should be kept the same.
Dr Shahid Rasheed Butt, the former president of the Islamabad Chamber of Commerce and Industry (ICCI), stated on Tuesday that rapidly raising tax targets is damaging the masses and the…
Delegations from Saudi Arabia are a great success for the current government and SIFC.
Former provincial minister Mian Zahid Hussain, chairman of National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, said on Wednesday that the arrival…
U.S. Ambassador Blome’s meeting with opposition leader Omar Ayub Khan
The below is attributable to Acting U.S. Mission Spokesperson Thomas Montgomery: U.S. Ambassador Donald Blome met today with Leader of the Opposition in the National Assembly Omar Ayub Khan and…
The business community welcomed Saudi investors in Pakistan
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Monday that a high-level…
People involved in wheat scam deserve no leniency: Mian Zahid Hussain.
The Chairman of National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain, said on Friday that…
IMF move to release of the $1.1 billion tranche welcomed.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that the International…
Systems Limited: 1Q2024 earnings below industry expectations
Systems Limited (SYS) announced its 1Q2024 result, in which it posted a consolidated PAT of Rs1.57bn (EPS of Rs5.39), down 60% YoY and up by 2% QoQ. The result was…
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