PCCC appreciates CCRI for approval of three cotton varieties By: APP on September 10, 2024Three cotton varieties of Central Cotton Research Institute (CCRI) Sakrand, a subsidiary of Pakistan Central Cotton Committee Multan, were approved for cultivation in the 36th Sindh Seed Council Meeting, held in Karachi. The approved varieties include one non BT CRIS 644, and two BT CRIS 674, and BT CRIS 682. These newly approved varieties from […]
SHC orders Telcos to survey internet services By: inp on September 10, 2024The Sindh High Court (SHC) on Monday ordered cellular companies for survey over ‘poor’ internet services on the premises of city court. The SHC took up the plea against ‘poor’ mobile phone and internet services on the Karachi City Court premises. The plea was moved by the president and the secretary general of the Karachi […]
Chinese firm installs 8 wind turbines By: inp on September 10, 2024Orient Energy Systems, a local renewable solutions company announced completion of erection and installation of a total 38.4 MWs of wind power plants, comprising 8 Goldwind turbines of 4.8 megawatts capacity each. The development, powered by China’s prominent manufacturer, Goldwind, showcases wind power as another source of clean, green and low-cost energy for captive power […]
MCCI, FWCCI call for cutting down interest rate By: APP on September 10, 2024The Multan Chamber of Commerce and Industry (MCCI) appealed to the State Bank of Pakistan (SBP) and the government to urgently review the current economic conditions before announcing the new monetary policy. With inflation rates having dropped to 10 pc, it is necessary to reduce the bank interest rates by at least 4 pc (400 […]
Contrary to Fears, Overseas Pakistani Remittances Surge by 40 on September 9, 2024 Pakistan’s remittances from overseas workers have recorded a remarkable 40% year-on-year (YoY) increase in August 2024, reaching a total of USD 2.94 billion, according to data from Arif Habib Limited, sourced from the State Bank of Pakistan (SBP). This marks a significant rise from the USD 2.09 billion received in August 2023. Saudi Arabia […]
Budget Blues: OMAP raises red flags over budget By: Agencies on September 9, 2024Oil Marketing Association of Pakistan (OMAP) has raised concerns regarding the recent budget announcement and its implications for the petroleum industry, which is a crucial component of our nation’s economy. In a letter to Chairman Federal Board of Revenue (FBR), Chairman OMAP Tariq Wazir Ali said that FBR should olay its role to prevent the […]
Unaffordable Tariff: BMP predicts rise in power theft cases By: News Desk on September 9, 2024The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has condemned the constant increase in power tariffs on the pretext of fuel adjustment, as it has increased the production cost and added to the already high cost of trade and industry. Seeking comparable energy tariffs for domestic industries in order to capture […]
Government’s revision of IPP agreements is laudable By: DNA on September 9, 2024Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, said on Sunday that the business community applauds the government’s decision to revise the agreements with IPPs. He said that affordable power is necessary to provide relief to the masses and help restore distressed businesses. He added that the high […]
LCCI Polls: PPP alliance strengthens grip By: News Desk on September 9, 2024More industrial groups and trade bodies have announced their support for the Piaf Pioneer Progressive Alliance (PPPA) for the upcoming LCCI elections, expressing full confidence of the leadership of Mian Anjum Nisar, rejecting all other so-called groups altogether. In a large gathering, organized by PPP Alliance and attended by a large number of business representatives […]
China, Pakistan brew up new opportunities with broken tea exports By: inp on September 9, 2024Broken tea from China and Pakistan can be blended and make new products for the international market, said He Qingyuan, a senior official of Tea Research Institute, Yunnan Academy of Agricultural Sciences, according to a report carried by China Economic Net (CEN). “In Pakistan, the demand for broken black tea is high. “Broken black tea […]