Business

The power sector of Pakistan is a mess and requires comprehensive and swift governance and policy reforms. Some of these include development of business models to boost renewable energy; liberalization of the energy market through deregulation and privatization, renegotiations of generation tariffs for independent power producers, segregation and deregulation of…

Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) along with a delegation visited Fruit & Vegetable Market and held a meeting with Chairman Sajid Abbasi, Vice Chairman Safdar Siddique, Member Tahir Ayub and other members of the ICT Market Committee to discuss matters of mutual interest. Ahsan…

BankIslami Pakistan Limited (‘the Bank’ or ‘BankIslami’) announced its financial results for the quarter ended March 31, 2023 registering a notable increase of 262% in profit before tax i.e. Rs. 3.16 billion as compared to Rs. 0.87 billion for corresponding period of last year. Profit after tax closed at Rs.…

A Memorandum of Understanding was signed between Zarai Taraqiati Bank Limited (ZTBL) and Sustainable Development Policy Institute (SDPI) to collaborate for the promotion and adoption of latest/novel technologies, practices, and techniques for improving agricultural productivity and livelihood of rural communities. Both the institutions will jointly organize webinars, field days, seminars,…

The Economic Coordination Committee has approved technical supplementary grants worth over 912 million rupees. The approval to this effect was granted during a meeting of ECC that was held in Islamabad on Thursday with Minister for Finance and Revenue Senator Mohammad Ishaq Dar in the chair. The Committee approved technical…

Punjab government has set a target of cotton growing on four million acres of land during the current season. Spokesperson of Punjab Agriculture department told Radio Pakistan Multan representative that cotton sowing is in progress in Punjab. He said the farmers have been advised to sow only the registered and…

The All-Pakistan Central Union Pan-Cigarette Beverage Retailers has called the extraordinary increase in the Federal Excise Duty rate on cigarettes a threat to the survival of pan-cigarette retailers. The retailers have requested Prime Minister Shehbaz Sharif to take notice of the matter and find a solution to the serious effects…

FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Q1, 2023. The Company reported a revenue of PKR 22,651 million in the first quarter, showcasing 62% topline growth versus last year, driven by mix improvement, widening our distribution footprint, and volume growth in both, the Dairy-Based Products and the…

Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry (ICCI) leading a delegation called on H.E. Nicolas GALEY Ambassador of France and discussed with him matters for further improving bilateral trade and economic relations between Pakistan and France. Laurent Chopiton, Economic Counselor of France Embassy was also present on…

Eid shopping is gaining momentum across the country and a great rush of people is being witnessed in the outlets of readymade garments, bangles and sweets.  People from all walks of life, especially women and children are seen thronging the markets, shopping malls, business centers and makeshift stalls to purchase…

Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry said that Pakistan Railways can play a key role in the development of the economy and stressed that the government should focus on revival of railways to revive the economy. He said that the Pakistan Railways, once a much cheaper…

Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) leading a delegation, met with CDA Member Finance Syed Mazhar Hussain Shah and briefed him in detail about the need for development works in the markets. Member Engineering Syed Munawar Shah and Treasury Head Mian Tariq Latif were also…

Saquib Ahmad, Managing Director SAP, Pakistan, Iraq and Afghanistan, has said that the provision of better and timely services is being ensured, owing to SAP’s seamless modern technology and software in public and private institutions in Pakistan. He said this with regards to the recent collaboration between SAP and Imtiaz…

Khurshid Ahmed Khan Marwat, Chief Commissioner, Regional Tax Office Islamabad said that he would provide all possible cooperation to facilitate the taxpayers in tax compliance and announced to form a Tax Advisory Committee (TAC) comprising representatives of ICCI and RTO to address the issues of taxpayers. He said that TAC…

The Economic Coordination Committee of Cabinet has approved Prime Minister’s Youth Business and Agriculture Loan Scheme for provision of 15000 E-Bikes and E-Rickshaws in the current financial year. The decision was taken at a meeting of the Committee held in Islamabad on Thursday with Finance Minister Ishaq Dar in the…

The Islamabad Chamber of Commerce and Industry (ICCI) has signed a Memorandum of Understanding with Metropolitan International University College and Roots International School System to renew discounts for its members and promote industry-academia linkages. For this purpose, an MoU signing ceremony was held at ICCI and in the presence of…

Chairman, Pakistan Association of Exhibition Industry Khurshid Barlas met Hamza Shafqaat Secretary Information, Government of Balochistan in his office yesterday. And discuss about the second Quetta International Property Expo and Convention, which will be held from May 26 to 28 at Al Janat Palace. Near quetta commercial centre, quetta. In…

Chairman, Pakistan Association of Exhibition Industry Khurshid Barlas met Deputy Commissioner Quetta Shaihaq Baloch in his office yesterday. And discuss about 2nd Quetta International Property Expo and Convention, which is a three-day exhibition from May 26 to 28, 2023 at Aljanat Palace Quetta, Exhibition will be Exhibitited by renowned builders,…

The Islamabad Chamber of Commerce & Industry hosted a Barkat-e-Sehar program in collaboration with Serena Hotels, Islamabad and collected donations of around Rs.20 million for Pakistan Sweet Homes. Prominent traders and industrialists of the city attended the program. Addressing the event, Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce and…

The PML-N-led coalition government, in a short span of just one year, has launched a number of projects and took various initiatives for socio-economic development of the country. These pro-people initiatives and measures have been taken in various fields, including infrastructure development, social protection, and economic progress. Of these, Blue…

Finance Minister Ishaq Dar says government is planning to bring new schemes for the development of the country. In a video statement on Saturday, he said provision of fuel subsidy to motorcycles and cars up to 800cc is under consideration. He said he will virtually attend the upcoming annual spring…