Mondelēz Pakistan MD, Sami Wahid, joins the Male Champions of Change
Mondelēz Pakistan has achieved a significant milestone with its MD, Sami Wahid, joining the Male Champions of Change Pakistan (MCC Pakistan). MCC Pakistan is a leading platform whose members are committed to utilizing their influence and resources on leveling the playing field with respect to issues like gender equality, diversity and women’s empowerment within their…
Adil Aziz
NEPRA approves Rs 7.90 per unit increase in FCA for May
The National Electric Power Regulatory Authority (NEPRA) on Thursday approved Rs 7.90 per unit increase in power tariff for May under the monthly fuel cost adjustment (FCA) mechanism. The Central Power Purchasing Agency (CPPA-G) had sought Rs 7.96 per unit increase in the power tariff for the said period. After holding a public hearing on…
OGRA advised chief secretaries to take appropriate measures to assist tourists during Eid holidays
The Oil and Gas Regulatory Authority (OGRA) advised Chief Secretaries to manage visitors at tourist areas and to control traffic as per parking capacity around hilly areas and also to avoid any shortage of essential commodities including fuel during Eid holidays. The Chief Secretaries Punjab and Khyber Pakhtunkhwa have been asked to depute concerned DCOs…
SBP extends Online Portal to EMIs, PSOs and PSPs
In order to promote digitalization and encourage eco-friendly practices, the State Bank of Pakistan (SBP) has developed online portal called SBP Regulatory Approval System (RAS) to enable regulated entities(i.e. banks, Electronic Money Institutions, Payment System Operators, Payment Service Providers etc.) to submit cases/proposals and receive regulatory decisions digitally. Previously, SBP implemented RAS for its various…
PM’s directive: NBP to launch online system for government payments
On the directive of Prime Minister Shehbaz Sharif, the National Bank of Pakistan (NBP) will launch online system for citizens to make government payments without additional charges. The system will start working soon after Eid-ul-Azha, Head of PM’s Strategic Reforms Salman Sufi said Wednesday. Sufi said efforts were afoot to transfer all government payments to…
Air travel FED reduced to Rs30,000
To give relief to the rich/wealthy class, the government has decided to reduce the federal excise duty (FED) of Rs50,000 to Rs30,000 imposed on club, business, and first class international air tickets through the Finance Act, 2022. The government has reverted a major taxation measure of budget (2022-23) on the wealthy people of the country….
FrieslandCampina Pakistan Wins Regional Corporate Citizenship Award for Sustainability
FrieslandCampina Pakistan was awarded the Gold Standard Award 2022 for Corporate Citizenship (CSR and Sustainability) by the Public Relations & Communications Association Asia Pacific (PRCA APAC) at a ceremony in Singapore.Recognised for its Dairy Development Program – an initiative designed to increase inclusion, profitability and quality for the dairy farmers of Pakistan and transform the…
Ban on import of luxury items govt decides to release stuck goods
This is to come as one-time special permission for goods that have landed at ports or airports in Pakistan on or before June 30, 2022 The federal government has decided to release all those “stuck consignments” as one-time special permission, which have landed at ports or airports in Pakistan on or before June 30, 2022….
SBP adopts further four AAOIFI shariah standards for Islamic banking industry
After a comprehensive process of evaluation and deliberations with the internal and external stakeholders, the State Bank of Pakistan (SBP) today, has adopted four more AAOIFI Shariah standards on Salam and Parallel Salam, Istisna’a and Parallel Istisna’a, Combination of Contracts and Irrigation Partnership (Musaqat), with certain clarifications and amendments, a press release said on Monday….
Meta’s educational ‘Chai Chats’ series is set to foster digital literacy in Pakistan
Meta, in collaboration with the Pakistan Telecommunication Authority (PTA), has launched an educational series, ‘Chai Chats’ to create awareness among young Pakistani Facebook users on digital literacy and social cohesion through improved digital experiences. The series features a close-knit group of university friends encountering difficult online situations which they overcome with grace, friendship, and humour…