KARACHI-State Life has commissioned the check deposit facility in all regional offices for the convenience and convenience of its insured. For this purpose, the company has placed drop boxes at the entrance of all regional offices, which can be used both on working days and on holidays, in accordance with all SOPs. A copy of […]
Oil prices plummeted on Friday over the resurgence of coronavirus infections in China, the world’s second-largest oil consumer, as the country tightened lockdowns and restrictions, raising concerns about poor demand. The international benchmark Brent crude was trading at $ 55.47 a barrel from 0659 GMT, down 1.12% after closing Thursday at $ 56.10 / barrel. […]
Lahore-Allied Bank, one of Pakistan’s largest commercial banks, announced the addition of WhatsApp to customer communication channels in collaboration with global cloud communications provider Infobip. The move was prepared to strengthen the Bank’s digital presence and to provide customers with universal banking services that meet today’s connected consumer expectations. Allied Bank aims to increase customer […]
ISLAMABAD – The Executive Committee of the National Economic Council (ECNEC) approved development projects in excess of Rs 251 billion on Thursday. Federal Minister of Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the ECNEC Executive Committee in the Cabinet Division. ECNEC evaluated and approved a summary of the construction of the […]
An increase in the price of electricity by Rs. 95 per unit will affect all consumers. Power Division sources said that consumers using up to 50 units of electricity will have to pay Rs 197.50 instead of Rs 100, while those using up to 100 units will have to pay Rs 774 instead of […]
ISLAMABAD: Light commercial vehicle (light commercial vehicle) production decreased by 4.28 percent in the first five months of the 2020-21 fiscal year compared to the same period of the previous fiscal year. According to the Pakistan Bureau of Statistics (PBS), 6,957 light commercial vehicles were produced between July-November (2020-21), down 4.28 percent, compared to 7,268 […]
LAHORE – Pakistan International Bulk Cargo Terminal (PIBT) handled a record 1.04 million tons of coal cargo in December 2020; this means more than 0.791 million tons of cargo handled in December 2019. The million-ton solid makes PIBT the country’s leading bulk terminal. The terminal also handled 5.27 million tons of cargo between July and […]
Faisalabad – FIEDMC plays a vital role in completing high-value projects primarily. Mian Kashif, president of FIEDMC, spoke with Chinese Ambassador Nong Rong, saying that FIEDMC is a multi-functional organization that manages multiple industrial sites in the Faisalabad Division, including Pakistan’s most successful industrial area M3 Industrial Estate, Sahianwala, Faisalabad. Speaking with the Ambassador, FIEDMC […]
[On Wednesday, the Cabinet’s ISLAMABAD-Economic Coordination Committee (ECC) directed Pakistan Trading Corporation (TCP) to import 500,000 Tons (Metric Tons) of white sugar as and when needed during the current season. Finance and Revenue Minister Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet. The Ministry of Industry and […]
ISLAMABAD – Pakistan Stock Exchange (PSX) KSE 100 index witnessed its upward trend on Tuesday, gaining 176.55 points with a 0.39 percent positive change, closing at 45,903.23 points on the last business day, at 45,726.68 points. A total of 491,787,174 shares were traded during the day compared to the trading of 543,645,793 shares the previous […]
ISLAMABAD: Two state-owned companies, SNGPL and SSGC, are strengthening their networks by collectively laying around 8,383 kilometers (KM) of additional transmission and distribution pipelines across the country, according to the target set for the current fiscal year. Sui Northern Gas Pipelines Limited (SNGPL) is working to lay 6,965 KM of lines, according to an official […]
ISLAMABAD – New Chinese Ambassador Nong Rong said CPEC is heading in the right direction to bring prosperity and progress to Pakistan. Nong Rong, China’s new ambassador to Pakistan, summoned Secretary Planning, Development and Private Initiatives Mathar Niaz Rana on Tuesday. Bilateral relations projects under the China-Pakistan Economic Corridor and issues related to the progress […]
Karachi: What is seen as a breakthrough for the growing potential of the country’s emerging digitization industry and e-commerce markets, with less than a year of business start-up investing $6.5 million in one of the big seed round I have increased. The area, a senior official announced Tuesday. The announcement came from Commerce Advisor Abdul […]
ISLAMABAD: Overseas Chamber of International Trade and Industry (OICCI) digital report stated that Pakistan’s IT services exports have the potential to reach $ 10 billion. The “OICCI Digital Economy Proposals” report, highlighting the much-needed change required to seize the opportunity for digital transformation within and outside Pakistan with the New Economy mindset, was released on […]
Sardar Ilyas Khan, chairman of the Islamabad-Islamabad Chamber of Commerce and Industry (ICCI), said the government should lower interest rates, taxes, electricity and oil prices in order to accelerate economic activity. Speaking to a delegation from the Forum of Economic Journalists, he said that there is no doubt that the Pakistani Prime Minister wanted to […]
ISLAMABAD: The Finance Minister on Thursday said that the sale of maximum possible Next Generation Mobile Services (NGMS) spectrum would help in overall economic growth and improve the quality of broadband services in Pakistan through digitization. Presiding over the meeting of the Advisory Committee, the Minister asked the advisers to take a proactive approach and […]
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) was angry with yet another increase in the prices of the government’s oil products, calling it an unwise decision that would go against the interests of businesses and the general public, leading to further inflation and the high cost of doing business. The report would ultimately […]
WhatsApp is delaying a controversial update to its privacy policy following a backlash from users, telling users how to share data with Facebook, a popular messaging service. The app says its nearly two billion users will have to review and accept the new policy by May 15, otherwise it will stop working for them. Earlier, […]
ISLAMABAD – In the first half of the current fiscal year (H1), exports of textile products increased by 7.79 percent compared to the same period of the previous year. According to the latest data of the Pakistan Statistics Bureau, textile exports were recorded as 7442.425 million dollars with an increase of 7.79 percent in the […]
ISLAMABAD – Zong 4G, the nation’s leading connectivity provider, digitally held the Annual Business Conference for the first time since its inception. This innovative approach has been adopted to ensure employee safety in line with the company’s and country’s COVID-19 SOPs as it storms the second wave of the Pakistani pandemic. The 2021 Annual Business […]
LAHORE: Mian Anjum Nisar, former president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and president of the Businessmen Panel, expressed his hope that positive growth in large-scale manufacturing (LSM) will help achieve the annual economic growth target. If the trend continues in the coming months, it creates employment. Mian Anjum Nisar […]
ISLAMABAD: The Pakistan Telecom Authority (PTA) on Friday said that the share of telecom sector in the national exchequer has increased by 129 per cent in the financial year ending in 1920. Sharing its annual report 2020, the PTA highlighted that the increase in demand for telecom services due to lockdowns has resulted in a […]