ECC approves continuation of RCET for export oriented sectors during CFY 2022-23
The Cabinet’s Economic Coordination Committee (ECC) Monday approved continuation of Regionally Competitive Electricity Tariff (RCET) for export oriented sectors during CFY 2022-23 and decided that electricity may be provided at Rs. 19.99 per kWh all inclusive to five export oriented sectors namely textile including jute, leather, surgical and sports goods across country from October 1,…
Adil Aziz
PSX witnesses bullish trend, gains 126 points
The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 126.39 points, a positive change of 0.30 percent, closing at 42,211.64 points against 42,085.25 points on the last working day. A total of 240,194,764 shares were traded during the day compared to 313,348,644 shares the previous day, whereas the price of…
Emirates appoints new Regional Manager in Pakistan
Emirates has appointed Salem Al Mana as the new Regional Manager for Pakistan, with effect from 1 November. This comes as part of the airline’s management rotations to support its commercial strategies and efforts in rebuilding its global network amidst the increase in travel demand and the easing of restrictions. Salem was previously Emirates’ Commercial…
Saving $6 Billion on fuel imports, Thar Coal project to prove as game-changer: PM
Prime Minister Shehbaz Sharif on Monday said amid the skyrocketing fuel prices, the cheaper energy production from the Thar Coal Mines project would prove as a game-changer of development for the entire country. The Thar Coal Project, he said, could help the government save up to $6 billion as the expenditure on the import of…
World’s airlines agree on net-zero carbon emissions by 2050: UN Agency
Member states of the International Civil Aviation Organization (ICAO) have adopted a long-term goal of net-zero carbon emissions by 2050, following two weeks of intensive diplomacy at the Montreal-based UN agency’s 41st Assembly. The goal for decarbonized air transport, which follows similar commitments from industry groups, will “contribute to the green innovation and implementation momentum,…
Martin Dow at CPHI PHARMA Awards 2022 Frankfurt, Germany
Martin Dow has been selected as the finalist and is proud to present Pakistan at the upcoming CPHI PHARMA Awards 2022 to be held in Frankfurt, Germany. The CPHI Pharma Awards recognize excellence and celebrate cross-industry innovation in the pharmaceutical industry. This year, CPHI accepted entries from global companies engaged in the design, development, manufacture,…
S&P Global achieves a Double Win at Asia Risk Awards 2022
S&P Global has been honored with two wins at the Asia Risk Awards 2022 The Asia Risk Awards is the longest-running and the most prestigious award for firms and individuals involved in Asia’s derivatives markets and risk management. S&P Global won two honors in the recently held Risk Awards 2022. They won the first Award for “Fundamental…
Chairman FBR holds E-Kachehri as part of FBR’s facilitation drive
Chairman Federal Board of Revenue (FBR) Asim Ahmad held an E-Kachehri at FBR (HQs) on Friday as part of FBR’s drive to facilitate taxpayers in tax compliance and to address their concerns. During this interactive session, Chairman FBR directly received telephone calls from taxpayers and listened to their issues and grievances. The Chairman issued on-spot…
Footwear exports increase 20.91% in 2 months
The footwear exports witnessed an increase of 20.91 percent during the first two months of fiscal year (2022-23) as compared to the exports of corresponding period of the last year. Pakistan exported footwear worth US $32.393 million during July-August (2022-23) against the exports of $26.791 million during July-August (2021-22), showing growth of 20.91 percent. In…
Attracting US foreign investment a top priority: Dar
Federal Minister for Finance and Revenue, Mohammad Ishaq Dar said here on Friday that attracting the United States foreign investment in different sectors of Pakistan’s economy was the government’s top priority. During a meeting with Ambassador of the United Stated of America to Pakistan, Donald Blome, who call on the minister here, Ishaq Dar said…