IPO, PITB join hands for automation, digitization of IPO-Pakistan
The Intellectual Property Organization (IPO) and Punjab Information Technology Board joined hands and signed a Memorandum of Understanding (MoU) for the digitization and automation of IPO- Pakistan.
Editor
EXIM bank to help boost exports: Carpet Manufacturers
Pakistan Carpet Manufacturers and Exporters Association has welcomed the establishment of country’s first Export-Import EXIM Bank and expressed the hope that bank will help increase exports and get access to new international markets.
Majid Al Futtaim Expands its Investment in Pakistan to Rs 14 Billion With Two New Carrefour Supermarkets
Majid Al Futtaim, which owns the exclusive rights to operate Carrefour in Pakistan, announced the inauguration of two new Carrefour supermarkets in Lahore, as part of Majid Al Futtaim’s vision to expand its investment and retail footprint in the country. With this expansion, Majid Al Futtaim’s current investment in Pakistan is set to grow to 14 billion Rupees, bringing the total number of stores in the country to 13.
Rupee gains 26 paisa against Dollar
Pakistani Rupee on Friday witnessed the 9th consecutive recovery session as it gained 26 Paisa against the US Dollar in the Interbank trading and closed at Rs.282.52 against the previous day’s closing of Rs.282.78.
SI Global awarded by prestigious Performance award at Lenovo’s UK Summit
SI Global Solutions, a leading system integration and IT company in Pakistan, has received a prestigious performance award at Lenovo’s UK Summit held in London recently.
Mehfooz
Maersk to charge from January to transit disruption surcharge on containers
Denmark’s Maersk will impose extra charges on container transport from Asia following its decision to re-route ships away from the Suez Canal and take the longer journey around Africa.
Adil Aziz
Textile’s export decline of 6.50% during from July to November of FY-23
Pakistan exported textile products worth $6,883.615 million during the initial five months of the current financial year FY-2023, reported by Pakistan Bureau of Statistics.
State Bank reserves decreased by $ 136 million to $ 6,904.8 million
The total liquid foreign reserves of Pakistan stood at US$ 12,068.4 million while the reserves held by the central bank reached $ 6,904.8 million in the week ended on December 15, 2023.
Daraz, Visa partner to launch first e-commerce co-branded cards
Daraz, Pakistan’s leading e-commerce platform has teamed up with global payments technology company Visa to introduce co-branded cards for e-commerce usage.
Fertilizer production in first four months of FY-23 increase by 8.91%
Fertilizer production in the country during the first four months of the current financial year increased by 8.91 percent. During the period from July-October 2023 over 1.17 million metric tons of Nitrogenous fertilizers were locally produced.