FPCCI chief terms SBP’s SAAF grossly insufficient, self-contradictory on September 5, 2021KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo expressed his dissatisfaction over the exorbitant interest rate of up to 9% allowed to commercial banks under SBP’s SME Asaan Finance Scheme (SAAF). He added that SBP will provide refinancing to the commercial banks at 1% and they will […]
Devaluation drags Pak rupee to bottom of currencies on September 5, 2021Due to a surge in demand for the US dollar to pay for imports, the Pakistani rupee has become Asia’s worst-performing currency, compared to its standing as the world’s top performer six months ago. It hit a 13-month low of Rs166.98 against the US dollar in the interbank market. The collapse of the Pak rupee […]
All is well in Karachi after heavy rains on September 4, 2021This is perhaps the only occasion in the last decade when people of Karachi witnessed that there has been heavy rain for almost the whole day, and not only most of the city’s roadways have not been flooded, but no power disruptions have been reported in the port city during heavy downpour. The power cut […]
Heavy rain hits Karachi on September 3, 2021On Friday morning, the heat-stricken citizens of Karachi breathed a sigh of relief as different areas of the city like Saddar, Sharea Faisal, Gulshan-e-Iqbal, Gulistan-e-Jauhar, University Road, Malir, Landhi, Sakhi Hassan, I. I. Chandragar Road, and other areas received moderate to heavy rains. Although the residents of Karachi are well aware of the disaster management […]
State Bank of Pakistan allows banks, DFIs to provide loans on September 3, 2021In order to promote housing finance and provide maximum facilities to the customers, the State Bank of Pakistan (SBP) has issued guidelines for banks and development finance institutions (DFIs) and allowed them to provide loans for purchasing a housing unit in under-construction projects, a statement issued from the central bank said. The statement says that […]
FBR addresses Rs250bn worth claim funds this year on June 6, 2021FAISALABAD: Despite some minor system-related discrepancies, the FBR has paid unprecedented refund claims to the tune of Rs. 250 billion during this year, said Dr. Muhammad Ashfaq Ahmad, Member Inland Revenue (Operations). Addressing the business community in Faisalabad Chamber of Commerce & Industry (FCCI) along with Faiz Ullah Kamoka, chairman of the National Assembly Standing […]
Farmers, PPP workers protest water shortage in Sindh on June 6, 2021BADIN: A large number of the PPP workers and farmers from different areas of Badin district on Saturday gathered in Badin town where they staged the demonstration outside Badin Press Club after marching on different roads to register their protest against the nagging water crisis in the district. MPA Taj Mohammad Mallah, MPA Dada Mohammad […]
Govt committed to expediating economic growth: Minister Farrukh Habib on May 28, 2021FAISALABAD: Minister of State for Information & Broadcasting Farrukh Habib has said the government is fully committed to expediting the growth of commerce to the maximum possible level by using all available means. He assured full support and enabling the environment to increase exports, besides creating sustainable jobs to alleviate poverty. Addressing the members of […]
Badin farmers vow to keep water crisis resisting on May 28, 2021BADIN: The farmers and growers of the district have launched the decisive movement against the nagging water crisis and the reluctance of the officials to fortify the breached and weak dykes of the drains and irrigation canals of the district. The farmers on the call of the Save Badin Action Committee took out rallies and […]
PIA offers 10pc concession to FCCI members on May 27, 2021FAISALABAD: The Pakistan International Airlines (PIA) will offer a 10 % concession in airfare to the Faisalabad Chamber of Commerce & Industry (FCCI) members and their families who will prefer to travel through the national flag carrier. In this connection, the FCCI and the PIA signed a Memorandum of Understanding (MoU) during a special function […]