CDNS to attain mark of Rs 180 billion in fresh bonds By: APP on September 17, 2024The Central Directorate of National Savings (CDNS) has realized a target of Rs 180 billion in fresh bonds and achieved 10.3 percent of the annual target in the first months of current fiscal year, from July 1 to September 14th. The Central Directorate of National Savings (CDNS) has set an annual target of Rs 1650 […]
CCP issues show cause notices to ten steel suppliers for collusive bidding By: APP on September 17, 2024The Competition Commission of Pakistan (CCP) has issued show cause notices to ten steel suppliers for collusive bidding. The CCP has issued show cause notices to ten steel structure suppliers involved in procurement tenders floated by various Distribution Companies (DISCOs) for the alleged collusive bidding a, prima facie, violation of Section 4 of the Competition […]
KP CM’s aide emphasises on local investors to invest in Chitral By: APP on September 17, 2024Special Assistant to Chief Minister KP for Industries, Commerce and Technical Education, Abdul Karim Tordher has emphasized that local investors invest their resources in district Chitral instead of other cities of the country for the prosperity of the area and the people. Addressing the ‘Chitral Economic Development Conference 2024′, he said that the Chitral district […]
Stringent monetary policy adversely affects economy and business: BMP By: News Desk on September 16, 2024The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has emphasized that the central bank’s stringent monetary policy has adversely affected the businesses and economy for the last several years, stressing the needs to employ other policy tools to tame the economic volatility. Addressing a delegation of various trade and industrial associations, […]
The Aga Khan Foundation, KFW Bank sign partnership agreement By: DNA on September 16, 2024KFW Development Bank and the Aga Khan Foundation (AKF), in collaboration with Aga Khan Rural Support Programme (AKRSP), have formalized their partnership to support entrepreneurial culture in Pakistan. The agreement, signed at the AKF office, marks the official launch of the “Start-up Pakistan” initiative. This groundbreaking project is expected to lead to improved job creation, […]
Structural Reforms – A way forward to macroeconomic stability By: APP on September 16, 2024As Pakistan struggles to achieve sustainable growth, the federal government is firmly resolute in its commitment to tax reforms and rightsizing to achieve macroeconomic stability and secure a prosperous and progressive future for the country. For ordinary citizens, the impact of tax reforms and rightsizing may seem distant, but government is clear in its thinking […]
Tractors sales drop by 38% By: inp on September 16, 2024Pakistan’s tractor market experienced a significant downturn in the first two months of the current fiscal year, with sales plunging by 38% year-on-year. According to data from the Pakistan Automotive Manufacturers Association (PAMA), only 4,130 tractor units were sold during July and August 2024, compared to 6,645 units sold during the same period last year. […]
Vehicle sales see 12% growth By: inp on September 16, 2024Pakistan’s automotive sector has recorded a significant 12% year-on-year increase in overall vehicle sales during the first two months of the current fiscal year (July-August 2024). According to data released by the Pakistan Automotive Manufacturers Association (PAMA), 22,025 vehicles were sold during this period, compared to 19,678 units in the same period last year. Car […]
FRIA asks govt to improve governance to ensure 5% growth By: News Desk on September 16, 2024The Ferozepur Road Industrial Association (FRIA) senior vice chairman Shahbaz Aslam suggested the government to observe restraint while getting loans from commercial banks and improve governance to ensure over 5 percent growth target which has not been achieved so far. He appealed the SBP to review its tight monetary policy stance as it will hamper […]
SCO members urged to enhance trade cooperation By: APP on September 16, 2024SAARC Chamber of Commerce and Industry former President Iftikhar Ali Malik called on Sunday for enhanced cooperation among Shanghai Cooperation Organization (SCO) members to boost trade facilitation, reduce tariffs, and eliminate non-tariff barriers, aiming to deepen regional economic integration. Hailing here today holding of 23rd SCO ministerial meeting successfully in Islamabad, he said recognizing the […]