Around 21,870 retailers register under Tajir Dost Scheme: FBR
Federal Board of Revenue (FBR) informed that a total of 21,870 retailers have been registered under the Tajir Dost Scheme by 30 May. According to the FBR data, around 17,569 retailers registered through Tajir Dost scheme while 4,301 registered other than this scheme.
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Southwest China launches new air cargo route to Pakistan
A new air cargo route was launched linking southwest China’s Guizhou Province and Pakistan’s largest city Karachi.
Pakistan’s regional exports surged by 20.61% from July-April-FY 23-24
Pakistan’s exports to the seven regional countries witnessed an increase of 20.61 percent in the first ten months of the financial year 2023-24.
UAE President commits $10 Billion investment in Pakistan
President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyany assured his country’s full support to Pakistan in all circumstances, pledging to invest $10 billion in its multiple sectors. The UAE President made the commitment during a bilateral meeting with Prime Minister Muhammad Shehbaz Sharif.
Suzuki Motor Corporation wants to set up a Biogas Plant in Karachi: Mr. Kenichi Ayukawa
Mr. Kenichi Ayukawa, Global Vice President, Suzuki Motor Corporation shared that Suzuki Motors Corporation wants to set up a biogas plant in Karachi. The renewable energy will be produced by using food waste and animal manure. The Federal Minister, Rana Tanvir Hussain assured the visiting delegation that government will provide necessary support and facilitation to Suzuki Motor Corporation in business operations and expansion in Pakistan.
Fly Emirates To Dubai This Summer and Unlock Exclusive Offers Including Access To The City’s Most Exciting Experiences
Emirates has launched great offers for holidaymakers travelling to Dubai this summer. With a return ticket, all Emirates customers can enjoy complimentary access to some of the city’s top attractions, ensuring an exciting summer without breaking the bank.
SECP Commissioner launches NBFI & Modaraba Year Book 2023
The launch ceremony, held at the Association’s office was attended by a large number of industry representatives. The Year Book indicates that despite its challenges, the NBFIs and Modaraba sector has shown significant improvement, particularly in terms of assets, profitability, dividend distribution and tax payments. The assets of the sector increased to Rs 158,404 million in FY 2023 as compared to Rs. 142,918 million in FY 2022.
SECP conducts Workshop on Collaboration with China in Capital Markets
The participants deliberated ways to strengthen connections between the capital markets of both countries and to enhance Chinese investment in Pakistan’s capital markets. Specific suggestions included exploring cross listings between the respective stock exchanges, establishing joint ventures between Chinese firms and their local counterparts, and creating Exchange Traded Funds (ETFs) to provide Chinese investors with easier access to Pakistan’s capital markets.
Mashreq Pakistan selects PTCL to expedite the bank’s Digital Transformation journey
Pakistan Telecommunication Company Limited (PTCL) and Mashreq Pakistan, a part of Mashreq which is the leading financial institution in the MENA region, have signed an agreement for provisioning of primary data center colocation services at PTCL’s Tier-III Data Center facility.
NAC approves provisional GDP at 2.38% for fiscal year 2023-24
The National Accounts Committee (NAC) approved the provisional growth of the Gross Domestic Product (GDP) of the country at 2.38 per cent for the ongoing fiscal year (2023-24). The approval was accorded in the 109th meeting of the NAC.