Business

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Implementation of CCP laws can cut prices by 30 pc: Rahat Kaunain

Implementation of CCP laws can cut prices by 30 pc: Rahat Kaunain

Competition Commission of Pakistan (CCP) Chairperson Rahat Kaunain said that complete implementation on competition laws would reduce the prices of essential items by 25 to 30 percent, end the cartel of different sectors and convert the Pakistan’s economy into a functional economy. She expressed these views in a discussion programme with members of Lahore Economic…

More opportunities ahead for Pakistan after 10 years of BRI: Ahsan Iqbal

More opportunities ahead for Pakistan after 10 years of BRI: Ahsan Iqbal

Federal Minister for Planning, Development and Reform Professor Ahsan Iqbal has said that China’s ‘Belt and Road Initiative’ (BRI) is aligned with Pakistan’s development strategy and national interests. “Not only the initiative has boosted the national economy and people’s living standards over the last decade through China-Pakistan Economic Corridor (CPEC), but also will assist Pakistan…

Gwadar port receives another bulk DAP vessel for Afghan Trade Transit

Gwadar port receives another bulk DAP vessel for Afghan Trade Transit

The Gwadar Port being operated under the flagship China Economic Corridor (CPEC) has received another bulk vessel of DAP for Afghan Transit Trade and will discharge approximately 28000 metric tons. An official of the Planning Ministry told  that the DAP fertilizer received on the port would be transported via Chamman and Torkham. The official added…

4TH Financial Crime Summit Highlights Critical Challenges & Proposes Solutions

4TH Financial Crime Summit Highlights Critical Challenges & Proposes Solutions

The 4th annual financial crime summit was held today in Karachi, with the theme ‘Post-FATF Financial Crime Action Plan – Continuing the National Anti-Financial Crime Agenda’. The Summit was organized by Dellsons Conferences under the banner of Dellsons Associates, together with its Knowledge Partner, A. F. Ferguson & Co. (a member firm of the PwC…

PM encourages Abu Dhabi Chamber to avail excellent business opportunities in Pakistan

PM encourages Abu Dhabi Chamber to avail excellent business opportunities in Pakistan

Prime Minister Shehbaz Sharif urged the members of the Abu Dhabi Chamber to visit Pakistan and experience the “excellent” opportunities of growing their business. The prime minister, in a meeting with a delegation of Abu Dhabi Chamber of Commerce during his two-day visit to the UAE, said that bilateral trade between Pakistan and the UAE…

PM confident his UAE visit to turn bilateral ties into strategic partnership

PM confident his UAE visit to turn bilateral ties into strategic partnership

Prime Minister Shehbaz Sharif said his visit to the United Arab Emirates (UAE) would help turn the bilateral relations between the two countries into a strategic partnership. Talking to a delegation of the Pakistan Business Council in UAE, the prime minister termed as successful his meetings with the UAE leadership. Shehbaz Sharif expressed satisfaction that the…

SECP registers 2,374 new companies in December 2022

SECP registers 2,374 new companies in December 2022

The Securities and Exchange Commission of Pakistan (SECP) registered 2,374 new companies in December 2022. The total number of registered companies now stands at 183,744. The total capitalization (paid-up-capital) of these companies for the current month stands at Rs 4.1 billion. Foreign investment has been reported in 85 new companies. These companies have foreign investors…

Easypaisa, Faysal Funds collaborate to bring fully digital investment journey

Easypaisa, Faysal Funds collaborate to bring fully digital investment journey

Easypaisa, Pakistan’s leading digital payments platform has partnered with Faysal Funds (Faysal Asset Management Limited), one of the fastest-growing Asset Management Companies in the industry, with an aim to boost the collective vision of financially empowering all Pakistanis, especially when it comes to investments and saving for their future. This collaboration will open new avenues…

UAE agrees to roll over existing loan of $2 Billion, provide $1 Billion additional loan to Pakistan

UAE agrees to roll over existing loan of $2 Billion, provide $1 Billion additional loan to Pakistan

Prime Minister Shehbaz Sharif met the UAE President Sheikh Mohamed bin Zayed Al Nahyan wherein the latter agreed to roll over the existing loan of US$ 2 billion and provide US$ 1 billion additional loan. In the meeting took place in Abu Dhabi during prime minister’s two-day visit, both sides agreed to deepen the investment…

Government urged to pursue long term strategy to ensure double digit growth

Government urged to pursue long term strategy to ensure double digit growth

Chairman United Business Group of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Shahzad Ali Malik said Pakistan needs a sustainable double digit annual growth rate for sound economy and a long term result oriented strategy that can propel into such a high trajectory of growth. Chairing a high level meeting of top…