ICCI calls for promoting Islamic banking to boost economy on September 26, 2021Islamabad Chamber of Commerce and Industry (ICCI) President Sardar Yasir Ilyas Khan on Saturday called upon the government to take strong policy measures for further promoting the Islamic banking products for the private sector. It would help in boosting the business activities and the overall economy. He said that the Pakistani nation has expressed more […]
Master Green Wind Power project to deliver 168 kWh per year clean energy on September 26, 2021The Master Green 50MW Wind Power project executed by HydroChina International Engineering Company, a member company of PowerChina, will deliver 168 million kWh per year of clean energy for Pakistan, said the Project Manager, Lv Guanghua. The project located in Jamshoro District, Sindh, has achieved COD on August 20 and its availability during reliability running […]
President calls for institutional framework to encourage foreign investment in ICT sector on September 24, 2021President Dr Arif Alvi on Thursday called for establishing an institutional framework to encourage the multinational companies and the Pakistani diaspora to extend their business setups in Pakistan, particularly in the Information and Communication Technology (ICT) sector. Addressing a meeting via video-link with the Pakistani diaspora from Silicon Valley, USA, he underlined the need to […]
Li Yiman calls for efforts to boost China-Pak cross border e-commerce on September 24, 2021Cross-border e-commerce has emerged as a new star in global trade and with a huge young population, Pakistan is well-positioned to develop its cross-border e-commerce. “As a newly appointed Honour-able Investment Counsellor, I want to make my own share of contribution and provide one-stop logistics services to boost cross-border e-commerce between China and Pakistan,” Ms […]
Diplomats asked to focus on trade diplomacy for promoting Pakistan’s economic interests on September 23, 2021A 21-member delegation of trainee officers of the Foreign Service of Pakistan led by Muhammad Wasif, Director (Programs), Foreign Service Academy visited the Islamabad Chamber of Commerce and Industry (ICCI) and exchanged views with the business community on challenges and opportunities for Pakistan’s economy. Addressing the delegation, Sardar Yasir Ilyas Khan, President, Islamabad Chamber of […]
Cryptos’ cap falls below $2t as rout continues on September 23, 2021The cryptocurrency market remained bearish for the third straight day on Wednesday, with the market capitalisation coming below the $2 trillion mark for the first time in over a month. The crypto market capitalisation decreased by 1.9 percent to reach $1.97 trillion as of 1330 hours GMT. Earlier on August 15, the total market value […]
European stocks rebound after Evergrande-driven rout on September 22, 2021European stock markets rebounded on Tuesday, with investors nervously keeping an eye on troubled property giant China Evergrande after fears over its possible collapse that sparked a rout across global markets. London stocks advanced 1.1 percent around midday, while Frankfurt won 1.4 percent and Paris gained 1.5 percent in early afternoon eurozone deals. Major European […]
Businessman forum sweeps SCCI elections 2021-22 on September 21, 2021All ten candidates of Businessman Forum group under leadership of Ilyas Ahmad Bilour won the executive committee elections of Sarhad Chamber of Commerce and Commerce (SCCI) with heavy margin for next term 2021-22. Polling was held here on Monday for elections on five each seats of Corporate and five Associate in premises of the chamber […]
Crude prices fall for third day amid default risks, US output on September 21, 2021Crude oil prices went down around two percent for the third straight session on Monday, as a risk-off wave has engulfed the financial markets amid concerns over a potential default by China’s highly indebted developer Evergrande, besides expectations of return of US Gulf output. At 1045 hours GMT, Brent, the international benchmark for two-thirds of […]
Govt increases petrol storage capacity by 38.7pc, HSD 18.4pc in two years on September 20, 2021The government has enhanced storage capacity of Motor Spirit (MS – Petrol) by 38.7 percent and High Speed Diesel (HSD) by 18.4 percent in a two-year period to reinforce existing deposits and ensure uninterrupted supply of petroleum products across the country. “During FY 2018-19 and 2019-20, storage capacity for MS and HSD have been enhanced […]