PM launches Youth Business, Agri loans scheme
Prime Minister Muhammad Shehbaz Sharif launched PM’s Youth Business and Agri-loans scheme which would provide opportunities to the youth to earn their livelihood through different business and agriculture initiatives. Addressing the launching ceremony, the prime minister said that Pakistan was passing through difficult times and resolved that he would sacrifice all his political career and life…
Adil Aziz
SAP highlights Importance of Data Protection & Digital Transformation through Cloud Migration for Businesses
Saquib Ahmad, Country Managing Director, SAP Pakistan, recently held a discussion with the media for highlighting the role of cloud migration and the transformation that it will bring to businesses. Cloud migration is essential to ensure digital transformation and manage applications and data in the most cost-effective, efficient, and secure IT environment. SAP has a…
PSX continues with bullish trend, gains 612 points
The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend, gaining 612.06 points, a positive change of 1.59 percent, closing at 39,055.65 against 38,443.59 points the previous day. A total of 179,760,927 shares were traded during the day as compared to 81,287,333 shares the previous day, whereas the price of shares stood at…
Pakistan, Qatar discuss avenues to enhance cooperation
Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar and Minister of Finance, State of Qatar, Ali bin Ahmed Al Kuwari during a meeting in Doha agreed to enhance cooperation in fields of science, technology, agriculture, education, trade, finance and investment. Special Assistant to Prime Minister on Government Effectiveness, Dr. Muhammad Jehanzeb Khan and…
Monetary Policy Committee increase the policy rate by 100 basis points to 17 precent
The Monetary Policy Committee (MPC) decided to increase the policy rate by 100 basis points to 17 percent. The committee noted that inflationary pressures are persisting and continue to be broad-based. If these remain unchecked, they could feed into higher inflation expectations over a longer than-anticipated period. The MPC stressed that it is critical to…
Pharmaceutical goods’ export increases by 26.85% to US$175.025 Million
The export of pharmaceuticals goods from the country has witnessed an increase of 26.85 percent during the first half of the fiscal year (2022-23) as compared to the corresponding period last year. Pakistan exported pharmaceutical products worth US$ 175.025 million during the period from July-December (2022-23) as compared to the export of US$ 137.978 million…
Import of Goods-Cases at Port or In Transit
In order to facilitate businesses, State Bank of Pakistan withdrew the requirement of prior approval of imports (falling under HS code Chapters, 84, 85 and certain items under HS code Chapter 87) and instead gave a general guidance to the banks to prioritize import of certain essential items like food, pharmaceutical, energy, etc. The business…
Innovations, incentives direly needed to boost textile sector
Like many other sectors, country’s textile industry is also facing serious challenge for its survival and valuably contributing to national exports for generating foreign exchange and putting economy on strong footing. Lack of high performance yarn and fiber like carbon and aramid fiber, devaluation of rupee against dollar, dwindling cotton crop, costly energy and rising…
FPCCI calls for simplification of tax system
Regional Coordinator, Federation of Pakistan Chamber of Commerce & Industry (FPCCI), Sartaj Ahmad Khan has called for the simplification of the tax system to enable the business community and others to file their taxes through online procedure. He said that the reformation and simplification of the tax system will not only enhance the national tax…
Mondelez Pakistan Becomes the Top Employer for 2023
Mondelez Pakistan, one of the country’s largest confectionary and beverage manufacturer, has been announced as the Top Employer for the year 2023. Owing to industry-best practices in creating an exceptional work environment and company culture for employees, the organization has been awarded this distinction adding another feather to its hat. Mondelez Pakistan is amongst the…