KTPL to go global next year: Kamran Tessori
Governor Sindh Kamran Khan Tessori said they will introduce a global tape ball event next year. The other day, he spoke at the press conference at Governor House regarding season…
Mayor Karachi inaugurates Nestlé Pakistan and Port Qasim Authority’s water facility.
Mayor Karachi Murtaza Wahab inaugurated Nestlé Pakistan’s first clean and safe drinking water facility in Karachi. The facility aims to serve more than 10,000 people daily in the Bin Qasim…
Syed Mazhar Ali Nasir urges 500 basis points cut in Policy Rates
Syed Mazhar Ali Nasir, former Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Member of the Core Committee of the United Business Group…
Vanaspati Manufacturers call for single-digit interest rates amid declining inflation
The Pakistan Vanaspati Manufacturers Association (PVMA) has urged the State Bank of Pakistan (SBP) to bring down the policy interest rate to single digits in its upcoming Monetary Policy Committee…
Tanners urges to reduce interest rate by 500 basis points
The Chairman of the Pakistan Tanners Association (PTA), Mr Hamid Arshad Zahur, urged the SBP to reduce the interest rate by at least 500 Basis points at the next monetary…
Government should reduce policy rate by 5% to advance economic growth: Haji Ghani Usman
Former Chairman of the Pakistan Stock Exchange (PSX), Haji Ghani Usman, has urged the government to reduce the policy rate by 500 basis points to foster economic growth. In a…
S.M. Tanveer demands a 500 basis points reduction in Policy Rate
S.M. Tanveer, Patron-in-Chief of United Business Group and Businessmen Panel Pakistan (UBG-BMPP), has called on the government to support economic growth by announcing a one-time reduction of 500 basis points…
Survival at stake due to high electricity tariffs, heavy taxes, and poor infrastructure: Jawed Bilwani
President Markazi Tanzeem-e-Tajran Pakistan Muhammad Kashif Chaudhry, while strongly criticizing K-Electric’s unjust treatment of consumers, advised the Karachi Chamber of Commerce and Industry (KCCI), along with all trade associations and…
Chinese delegation announced plans for $1 billion Medical City in Karachi
Mr. Atif Ikram Sheikh, President FPCCI, has apprised that the federation has hosted a high-profile Chinese delegation at its Head Office in Karachi, where the visiting delegation announced the plans…
KATI calls for a 5% cut in interest rate
President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi, has urged the State Bank of Pakistan to reduce the policy rate by 500 basis points or 5%.…
Successful Participation of 6 Pakistani Companies in Automechanika Dubai 2024
The three-day exhibition Automechanika Dubai 2024, held from December 10 to December 12, concluded successfully. Six Pakistani companies showcased their products at the event, marking a successful participation. Automechanika Dubai…
Deposit Protection Corporation releases its annual report FY2023-24
The Deposit Protection Corporation (DPC) announces the release of its fourth Annual Report for the fiscal year ending June 2024. The report has been issued to disclose the Corporation’s financial…
InfraZamin Pakistan, Saudi Pak Industrial and Agricultural Investment provide solar financing
InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for PKR…
Zong 4G and Alkhidmat Foundation to deliver free healthcare services in Sindh
Zong 4G, Pakistan's leading telecom operator, continues to demonstrate its unwavering commitment to corporate social responsibility by addressing critical healthcare challenges faced by underserved communities. On December 7th, Zong’s Sustainability…
BankIslami achieves the 2024 Euro Clearing Quality Recognition Award
BankIslami recently won the "2024 Euro Clearing Quality Recognition Award" from J.P. Morgan for achieving an impressive MT202 STP Rate of 99.37%. Mr Amin Khowaja, CEO of J.P. Morgan Pakistan,…
Strengthening bilateral trade in the Dyes Sector, says Arif Balgamwala
Pakistan has marked its participation in the prestigious ChinaCoat Industrial Exhibition, held in Guangzhou, China’s largest commercial hub. The exhibition focuses on strengthening trade ties in the dyes sector. During…
OGDC announces discovery of Bettani-2 in Wali Block
Oil and Gas Development Company Ltd (OGDC), the operator of Wali Block, has discovered a second well, i.e. Bettani-2, having a flow rate of 2.1mmcfd/74bpd of gas and oil, respectively.…
The potential of the 26th was discussed.
The 26th Amendment to the Constitution of Pakistan can address longstanding challenges, provided that transparency, inclusivity, and institutional harmony are prioritized. While debate is inevitable in constitutional developments, and there…
A Chinese Company will set up 3,000 Electric Vehicle Charging Stations
Malik Khuda Bakhsh, Convenor of the Energy Standing Committee of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has announced that they are planning to set up 3,000…
SBP reserves increased by US$ 13 million
The total liquid foreign reserves held by the country stood at US$ 16,600.9 million as of 06-Dec-2024. The break-up of the foreign reserves position is as follows: Foreign reserves held…
Jazz recognized as ‘Best Operator in a Growth Market’ at WCA 2024
Jazz, Pakistan’s leading digital operator, was awarded the prestigious ‘Best Operator in a Growth Market’ award at the World Communication Awards (WCA) 2024. This honor highlights Jazz’s pivotal role in…
Pakistan paving way for Islamic Financial Ecosystem: SECP Chief
Pakistan, through holding the international Islamic capital market conference, is paving the way to transition into a sustainable, equitable, and interest-free financial ecosystem. SECP Chairman Akif Saeed stated this in his…
FPCCI demands a level playing field for the Export Finance Scheme for local industry
Mr. Atif Ikram, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has called upon the federal government to immediately provide a level playing field in the…
Pakistan’s economy is severely affected due to slow internet
The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board,…
A review of TREET Group amid Treet power to set up an Electric Power Generation Project
TREET Group is composed of the holding company Treet Corporation (TREET) and its subsidiaries First Treet Manufacturing Modaraba (FTMM), Treet Battery (TBL), Renacon Pharma, Treet Trading and Treet Holdings. In…
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