Pakistan Kissan Ittehad President warns of fertilizer shortage as two urea plants remain shut down
The President of Pakistan Kissan Ittehad, Khalid Mahmood Khokhar, held a press conference in Lahore whereby he stated that Pakistani farmers are currently waiting in long queues to receive the urgently required fertilizer for Rabi crops. While sowing of cotton has already started in Sindh and Punjab, two major fertilizer plants in the Country remain…
Adil Aziz
US investors keen for further exploring investment avenues in furniture industry
Chief Executive Officer of Pakistan Furniture Council Mian Kashif Ashfaq said that US investors wanted to further explore investment avenues in the diversified furniture industry in Pakistan and showed keen interest in joint ventures in the furniture sector. The CEO of PFC is currently visiting the United States for discussing the existing trade and investment potential…
ABHI Onboards Naveena Group to Provide AbhiSalary (Earned Wage Access) to 5,000 Employees
ABHI, an embedded fintech company, has signed an agreement with Naveena Group and its subsidiaries to provide AbhiSalary, an Earned Wage Access facility, to their 5,000 employees. AbhiSalary will financially empower the group’s workforce by enabling them to access their earned salaries before their payday and have the freedom to spend, save and invest with…
Pakistan, US reaffirm commitment to promote economic growth, energy security
Pakistan and the United States reaffirmed their commitment to promoting economic growth, energy security, partnership in long-term flood rehabilitation efforts, and strengthening their overall relationship. The bilateral ties were discussed in a meeting between Prime Minister Shehbaz Sharif and visiting Assistant Secretary for the Bureau of Energy Resources at the US Department of State Geoffery…
Meezan Bank, Fieldfisher Capital join hands to extend Islamic Finance Advisory to Europe, Middle East
Meezan Bank, Pakistan’s leading Islamic Bank, has recently signed a Memorandum of Understanding (MoU) with Fieldfisher Capital LLP (FFC) – a multi-disciplinary advisory service, under which both parties will collaborate to provide Shariah advisory services to international clients including, but not limited to, Europe and the Middle East. The signing ceremony took place at Meezan…
Ali Akhai selected as a Young Global Leader from Pakistan
The World Economic Forum has announced the induction of the newest members of its Young Global Leaders class of 2023. This year’s cohort of members are from various sectors including political leaders, innovative entrepreneurs and passionate activists. The chairman of Martin Dow Group Mr. Ali Akhai is also selected as one of the Young Global…
Large Scale Manufacturing production goes up by 1.48%
The output of the Large Scale Manufacturing Industrial (LSMI) sector witnessed an increase of 1.48 per cent during January, the first month of the calendar year 2023, as compared to December 2022. However, according to the provisional quantum indices of LSMI for January 2023 released by the PBS, on a year-on-year (YoY) basis, the big…
SECP seeks to align Companies Act to promote business growth
In order to align the company law with international best practices and promote business growth and development in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has initiated a comprehensive review of the Companies Act, 2017. To that end, Mr. Akif Saeed, Chairman of the SECP, has established a Special Com mittee tasked with…
$4.5 Million fertilizer right project launched
Pakistan Agriculture Research Council (PARC) in collaboration with United States launched $4.5 million “Fertilizer Right Project”, aiming at to enhance fertilizer use efficiency through innovative practices as well as to address climate, environmental and economic challenges. As part of the US-Pakistan “Green Alliance” framework, the project prioritizes cooperation to overcome agricultural challenges caused by climate change,…
ECC fixes cotton intervention price at Rs 8,500 per 40 kg
Economic Coordination Committee (ECC) of the Cabinet fixed cotton (Phutti) intervention price at Rs 8,500 per 40 Kg for current sowing to revive cotton production, bring stability to the domestic market and assure fair return to the farmers in the country. Ministry of National food Security and Research submitted a summary on cotton Intervention Price…