Business

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…

Ethiopia has strong economic ties with Turkiye & UAE and Ethiopia wants similar relations with Pakistan. China and India have good presence in Ethiopia and Pakistan should increase its presence in the Ethiopian market to explore the untapped land of Africa. Many Pakistani products including textiles, pharmaceuticals, cement have great…

Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry lauded the role of Islamabad Police for maintaining maintain law & order situation and providing a secure environment to the private sector and assured that the business community would extend all possible cooperation to the police in controlling the crimes…

Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) leading a delegation called on Mahesh Kumar Malani, Minister of State for National Health Services, Regulations and Coordination (NHSRC) in his office to seek his help in resolving the key issues of the pharmaceutical industry. Addressing the delegation, Mahesh…

Unity Foods Limited, a leading food producer and supplier to the nation’s food security system, entered into a Communications and Strategic Engagements partnership with Nutshell Communications (Private) Limited. An agreement in this regard was signed by both parties recently, at Nutshell Group’s Head Office, by Farrukh Amin, CEO, Unity Foods…

Prime Minister Shehbaz Sharif has directed the authorities concerned to take immediate measures to prevent tax evasion in the cigarette industry.      Chairing a review meeting in Islamabad today, the Prime Minister directed to install automatic track and trace system within two weeks in all cigarette factories across the…

NEPRA conducted a public hearing on Monday on the Federal Government’s request to apply quarterly adjustments on KE customers. These Quarterly Adjustments of PKR 1.5547 and PKR 1.48-4.45 pertains to the 2nd quarter of FY22 and the first quarter of FY23 respectively. Application of these adjustments on KE consumers along…

The Khunjerab Pass between Pakistan and China is likely to be re-opened on Monday for all kinds of traffic after almost three years. All arrangements in this regard have been completed and the local customs has worked round the clock to ensure the transportation of cargo. The major trade route…

Azerbaijan considers Pakistan and Turkiye as its special friends and wants to further strengthen bilateral trade and economic relations with them. Azerbaijan-Turkiye bilateral trade is approximately USD 6 billion and Azerbaijan wants a similar trade volume with Pakistan that would be very beneficial for both countries. This was said by…

Former Governor Punjab Chaudhry Muhammad Sarwar said that he had played an active role in getting the GSP plus scheme from the European Union for Pakistan and he is still working hard to get an extension of this scheme for Pakistan. He said that Pakistan will hopefully get the EU…

The Economic Coordination Committee has approved the draft Transaction Advisory Agreement reached with the International Finance Corporation for outsourcing of three airports. Finance Minister Ishaq Dar presided over the meeting. It was informed that the outsourcing of three airports has been initiated within the scope of Public-Private Partnership Act-2017 to…

The Ambassador of the United Arab Emirates Hamad Obaid Ibrahim Salim Al-Zaabi has lauded the development-oriented economic policies initiated by present government of Pakistan. He expressed these views during a meeting with Finance Minister Mohammad Ishaq Dar in Islamabad, during which they discussed ways to further strengthen the deep-rooted brotherly…

Tobacco farmers of KPK’s economically marginalized areas have warned that the recent exorbitant increase in federal excise duty (FED) on cigarettes will reduce economic prospects for tobacco farmers and, in the face of hardship, increase poverty and unemployment. Additionally, it might encourage a few farmers to turn to anti national…

Minister of State for Petroleum Musadik Malik has said Reko Diq project is important for the development of Balochistan along with the mining sector. Talking to a delegation of Barrick Gold on Tuesday, he was appreciative of the step to provide seventy percent jobs in the project to the local…

Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry said that Pakistan is the only producer of pink salt in the world and the government should cooperate with the private sector in value addition of this salt that would enable the country to earn billions of dollars through its…