Waives off FAC for up to 300 units of power consumption: PM
Prime Minister Shehbaz Sharif on Thursday waived off the fuel adjustment charges (FAC) for power consumers who consume up to 300 units of electricity in a month. The premier made this announcement while addressing a meeting of Pakistan Muslim League-Nawaz (PML-N) lawmakers in Islamabad. He said the waiver is being given with the aim to…
Adil Aziz
Traders, retailers visit FBR to consult for tax issues
The representatives of Markazi Tanzeem e Tajiraan Pakistan visited Federal Board of Revenue(FBR) on Thursday to discuss the taxation issues with officials. The government has withdrawn the fixed tax on retailers through the recently promulgated Ordinance. Any new scheme of tax on retailers will be planned and implemented in consultation with the traders. The Chairman…
Miftah estimate flood devastation to cost $10 billion
Federal Minister for Finance and Revenue Miftah Ismail on Thursday said, the current devastation of flood in Pakistan is estimated to cost $10 billion. During flood, railway lines, roads, bridges, grid stations, power lines and houses etc. were badly damaged, which has to be rehabilitated. The minister said that the United Nation has made a…
Emirates to introduce Premium Economy to five more cities with newly retrofitted A380s starting from December
Emirates today announced plans to debut its newly retrofitted A380s featuring its latest Premium Economy cabins to five new cities from December – New York JFK, San Francisco, Melbourne, Auckland and Singapore. The airline will also add more Premium Economy seats on services to London Heathrow and Sydney, as its newly enhanced aircraft sporting refreshed…
Trade between Pakistan and US witnessed growth 23.21 percent first month of year 2022-23
Pakistan’s goods and services trade with the United States (US) witnessed a surplus of 23.21 percent during first month of current financial year (2022-23) as compared to the corresponding period of last fiscal year. The trade surplus during the period under review was recorded at $335.091 million against $271.952 million last year, showing 23.21 percent…
FCEPL sets up Flood Relief Camps to provide food, shelter, medical assistance
FrieslandCampina Engro Pakistan (FCEPL) is undertaking flood relief efforts to support the affectees with food and shelter. Efforts also include medical assistance for animals of the affectees. The Company is working closely with the District Administrations and local government authorities to provide the following to the affected areas:• Ration bags covering 20 days of food…
NdcTech exhibited its offerings at ITCN Asia, one of the biggest IT conferences in Pakistan
NdcTech, a wholly owned subsidiary of Systems Limited and one of the fastest-growing consulting companies exhibited its offerings at ITCN Asia, one of the biggest IT conferences in Pakistan. The company’s experts shared insights on how NdcTech is building banks of the future by accelerating their mission-critical digital transformations. While addressing the audience at ITCN…
Faysal Bank registers 32.5% growth in profit before tax for the half year ended June 30, 2022
The Board of Directors of Faysal Bank Limited, in their meeting held on August 25, 2022, approved the financial statements of the Bank for the half year ended June 30, 2022. The Board declared 5% interim cash dividend to the shareholders. Profit before tax for the half year ended June 30, 2022 registered an impressive…
Orange Line Lahore wins top accolades at ‘Brands of the Year Award 2021’
The Orange Line Metro Train Lahore secured top awards at the recently held Brands of the Year Awards 2021 including the ‘Emerging Brand of the Year’ in the category of urban rail transit and ‘CEO of the Year 2021’, awarded by the Brands Foundation. Mr. Li Chen, the CEO of Orange Line Metro Train received…
European Union sends 166 Pakistani students to Europe on Erasmus Mundus scholarships programme
The European Union Delegation to Pakistan has hosted a pre-departure event for the 166 recipients of the EU’s flagship Erasmus Mundus Joint Master scholarships in 2022. This year, the highest number of 166 Pakistani students, 86 men and 80 women, have received scholarships to study in universities in the European Union, said the EU’s Mission…