SECP Strikes Down Illegal Personal Loan Applications
In order to safeguard the public from falling into debt traps of illegal loan apps, the Securities and Exchange Commission of Pakistan (SECP), in coordination with Google, Apple and the PTA, has ensured removal of 120 illegal Loan apps that were previously available at Google and Apple Stores. The phenomenon of illegal personal Loan Apps…
Adil Aziz
FAO organizes ‘Baseline Validation workshop’
US Government and Pakistan had worked together for almost 75 years on issues of bilateral interest, including energy, economic growth, peace-building, health, and education The Food and Agriculture Organization of the United Nations (FAO), under the USAID-funded project “Livelihood and Food Security Improvement Activity” (LFSA), conducted a Baseline Validation workshop to validate the findings for…
Historic hike in petroleum prices is equivalent to adding fuel to the fire: Suleman Chawla
Mr. Muhammad Suleman Chawla, Acting President FPCCI, has strongly rejected the massive hike in the prices of petroleum products effective from August 16, i.e. petrol by 6.4 percent or PKR. 17.50 per liter to make it 290.45 & high speed diesel by 7.3 percent or PKR. 20.00 per liter to take it to 293.40 per…
KCCI asks govt. to withdraw hike in Petroleum Prices, electricity tariff
President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while expressing sheer dismay over exorbitant upsurge in petrol and diesel prices by Rs17.50 and Rs20.00 respectively, stated that this extraordinary increase in fuel prices was totally unbearable for all segments of society including the business & industrial community as it would open up…
SIFC to continue working uninterrupted for fast-track foreign investment: PM
Caretaker Prime Minister Anwaar-ul-Haq Kakar said that the recently-instituted Special Investment Facilitation Council (SIFC) would continue to work as before to lay the foundations for fast-track foreign investments, particularly from Saudi Arabia. The prime minister, in a meeting with Saudi Ambassador Nawaf bin Saeed Ahmad Al-Malkiy, who called on him here, highlighted energy, infrastructure, agriculture,…
Majid Al Futtaim Retail Launches Retail Graduate Programme
Majid Al Futtaim Retail, owner and operator of Carrefour in Pakistan, announced the launch of its transformative Retail Graduate Programme in collaboration with 12 top universities across six countries, namely Egypt, Georgia, Jordan, Kenya, Pakistan, and the United Arab Emirates. With a steadfast commitment to promoting gender diversity, Majid Al Futtaim Retail aims to empower…
Motorbikes, three wheelers’ sale drops 23.75% in July
The sale of motorbikes and three-wheelers in the country has witnessed a decrease of 23.75 per cent during the first month of the current fiscal year (2023-24) as compared to sales of the corresponding month of the last year. During the month under review, as many as 73,588 motorbikes and three-wheelers were sold against the…
TwentyOne Launches Turkish-Style Shopping Mall in Pakistan
TwentyOne Builders and Developers, one of the emerging real estate companies in Pakistan, has Launched Turkish-Style retail and wholesale mall in Pakistan (Karachi) for the first time. The mall “The Grand Bazaar” has been famous in Istanbul and the same model has been replicated in Karachi, Pakistan. The mall is designed to facilitate business and…
Implementation of GSP- Plus Conventions to help Pakistan for enhancing trade with EU: Belgium Envoy
Belgium is the 5th largest trading partner of Pakistan, and further enhancing cooperation with Pakistan in various sectors including trade, scientific research and education sectors Ambassador of Belgium to Pakistan, Charles DELOGNE on Tuesday said that the implementation of Generalized Schemes of Preferences (GSP- Plus) conventions, especially labour rights, human rights and environmental protection would…
Rupee extends losses against dollar
Exchange rate of Pakistan rupee weakened by Rs 3.01 against the United States dollar in the Interbank trading on Tuesday (August 15) and closed at Rs 291.50 against the previous day’s closing of Rs 288.49. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market…