‘Digital transformation journey vital for Pakistan’ on December 28, 2018KARACHI: Digital transformation journey is vital for Pakistan and at the same time world is becoming increasingly connected and digitized. Business and investor confidence is surging in Pakistan. The current state of digital business in Pakistan can be best described that government-led initiatives such as China-Pakistan Economic Corridor and recent government initiatives, Pakistan’s organisations are […]
Dollar hits historic high at Rs 144 on December 1, 2018KARACHI: The greenback surged in value against the rupee as it appreciated to record all time high level of Rs 144 for buying in the interbank market on Friday. However, at the end of the trading session, the domestic unit after an increase of Rs 8 in a single day transaction versus dollar closed at […]
FBR fails to release sales tax refund to leather sector: PTA on November 23, 2018KARACHI: The Federal Board of Revenue (FBR) has failed to release sales tax refund to leather sector, the second prime export-oriented sector of country, executive members of the Pakistan Tanners Association (PTA) said on Tuesday. They said that the bureau on November 10, 2018 released sales tax refunds worth Rs 8.741 billion to export-oriented zero-rated […]
Next IMF deal will be Pakistan’s last: Asad Umar on October 21, 2018Finance Minister Asad Umar Saturday said that the next International Monetary Fund (IMF) programme would be the Pakistan’s last. Talking to a delegation of stakeholders of the Pakistan Stock Exchange, the finance minister said, “The government is striving hard to put the economy on track and it needs concerted measures, which are being under consideration.” […]
Rupee hits record low against dollar on October 10, 2018KARACHI: Greenback hit all-time high in value versus rupee on Tuesday as it traded at Rs 138 during early hours of trading session with an increase of Rs 11.60 in interbank, treasurers and currency dealers said. Dollar traded at Rs 132.50 versus domestic unit in the open market with an increase of Rs 5.70 during […]
Expedite work on World Bank funded marble sector project, stress industry stakeholders on September 23, 2018There is a dire need to expedite work on three-year second phase of World Bank multi donor trust fund (WB MDTF) in marble sector project that was resumed in January 2017. The first phase of capacity building component initiated by WB MDTF in sector has achieved maximum goals in Khyber Pakhtunkhwa (KP). Other components of […]
‘OGRA’s proposal for gas price hike to hit hard export-oriented industrial sector’ on September 9, 2018Export oriented industrial sector and business chambers flaying proposal of Oil and Gas Regulatory Authority (OGRA) have requested to government for not entertaining increasing natural gas prices. This proposal of 46 percent increase in gas charges would increase cost of doing business, they lamented. They said increase would unleash a new wave of inflation for […]
Pakistan can enhance halal food share to 10% from 5.5% in $3.35bn global market on September 8, 2018Out of the total global market of halal meat and beef worth $3.35 billion, share of Pakistan is only $163 million or 5.70 percent. The shares of global halal meat of Brazil, India and Australia are 54 percent, 11 percent and 9.0 percent, respectively. All our neighbouring Muslim countries like Saudi Arabia, UAE, Kuwait, Oman, […]
Businessmen lament govt’s decision of gas price hike on September 8, 2018KARACHI: Export-oriented industrial sector and business chambers across the country have criticized the proposal of Oil and Gas Regulatory Authority (OGRA) and requested the government not to entertain OGRA’s proposal of increasing the price of natural gas. The proposal of 46 percent increase in gas charges would increase the cost of doing business, they lamented. […]
Families celebrate Eid by visiting recreation sites, beaches, cinemas on August 25, 2018A large number of families in Karachi celebrated three days of Eidul Azha by visiting recreation sites and beaches and the main ‘picnic spots’ in the metropolis remained thronged with families and children throughout the three Eid holidays. Main excursion points included Sea View, Clifton, Hawksbay and Sands Pit, Zoological Garden, private owned recreational parks, […]