IT sector has potential to address Pakistan’s trade imbalance:Dr Umar Saif
Dr Saif pointed out that the current value of Pakistan’s IT exports stood at $2.6 billion, providing employment opportunities for around 150,000 individuals within the sector Caretaker Minister for Information Technology and Telecommunication Dr Umar Saif highlighted the potential of the IT sector in addressing the country’s trade imbalance. Dr. Umar Saif said that the…
Adil Aziz
Forthcoming ten months to witness substantial progress in execution of 5G action plan: IT Minister
Caretaker Federal Minister for Information Technology and Telecommunication said that the forthcoming ten months would witness substantial progress in the execution of the 5G action plan. During a meeting with Pakistan Telecommunication Authority (PTA) Major General (Retd) Hafeez Ur Rehman, the minister discussed in detail the upcoming plans related to telecommunications, the roll-out of the…
ECC continues ban on sugar exports
The Economic Coordination Committee (ECC) of the cabinet reviewed its prevision decision regarding sugar export quota and continued ban on commodity’s export, which was in place since August 10, 2023. “The ECC reviewed its previous decision regarding export quota of sugar and after detailed discussion and deliberation decided that in light of the previous decision…
Carrefour Pakistan signs partnership agreement with foodpanda
● Over 10,000 grocery products offered by Carrefour as a result of the agreement ● Carrefour’s online grocery shop on foodpanda will expand the product choice for the platform’s grocery shoppers by many folds Carrefour, owned and operated by Majid Al Futtaim in Pakistan, has signed a partnership agreement with the popular online retail platform,…
KCCI Chief appeals immediate relief in electricity bills by tomorrow
President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf has said that although the Caretaker Prime Minister convened an urgent meeting on Sunday wherein the concerned authorities were directed to devise concrete measures within 48 hours to alleviate extraordinary burden of inflated electricity bills but the Karachi Chamber was under tremendous pressure being…
Pakistan earns US $947 Million from travel services’ export during FY 2023: PBS Report
The country earned US $947.040 million by providing different travel services in various countries during the fiscal year 2022-23. This shows a growth of 74.68 per cent as compared to the US $542.170 million worth same services provided during the corresponding period of the last fiscal year 2021-22, the Pakistan Bureau of Statistics (PBS) reported….
BMG, KCCI Leadership term unbearable electricity tariff as ‘un-viable’
The Leadership of Businessmen Group and Karachi Chamber of Commerce & Industry (KCCI), while referring to Caretaker Prime Minister’s meeting scheduled in Quetta on Sunday (August 27) with representatives of Power Sector, stated that the Karachi Chamber once again strongly protests the unbearable rise in electricity tariff as it was neither affordable for common man…
Jubilee Life Insurance And Telenor Pakistan To Facilitate Insurance Access
Under this collaboration, insurance products from Jubilee Life will be directly integrated into the Apollo app Jubilee Life Insurance, Pakistan’s largest private sector insurance company, has signed an MOU with Telenor Pakistan, one of the country’s largest telecommunications service providers to bring unprecedented ease and accessibility for health and life insurance services. Under this collaboration,…
Scottish Minister for International Development to support trade linkages with Pakistan & FPCCI: Suleman Chawla
Mr. Muhammad Suleman Chawla, Acting President FPCCI, has apprised that Ms. Christina McKelvie, Scotland’s Minister for Culture, Europe and International Development, has expressed Scottish Government’s commitment to promote bilateral trade; B2B linkages; investments & joint ventures and cultural exchanges with Pakistan. Mr. Chawla highlighted that a high-profile delegation of FPCCI’s Pak – UK Business Council…
SECP issues first ever Shariah Compliance Certificates to 2 REITs
The Securities and Exchange Commission of Pakistan (SECP) has issued the first-ever certificate of Shariah compliance to two Estate Investment Trusts (REITs), namely Signature Residency REIT and Rahat Residency REIT. Earlier this year, in pursuance of Pakistan’s Federal Shariah Court (FSC) judgement, where in the FSC directed the government to facilitate all lending activity under…