Port Operations Overhaul: Minister’s Plan to Enhance Efficiency and Trade
Minister for Planning, Development, and Special Initiatives, Professor Ahsan Iqbal, reaffirmed the government’s strong commitment to enhancing the efficiency of seaports, boosting trade, and ensuring sustainable economic development in the country.
Adil Aziz
RTO Islamabad Shuts Down Five Restaurants for Fake Receipt
The Regional Tax Office, Islamabad has sealed five prominent restaurants in Islamabad on account of issuing fake invoices/receipts. The action was taken after citizens/consumers reported that the restaurants were issuing counterfeit receipts/invoices.
Editor
Swedish Companies Face Hurdles: High Taxes, Energy Costs, and Currency Transfer Issues
The Ambassador of Sweden Ms. Alexandra Berg von Linde, while commenting on Sweden-Pakistan trade and investment ties, stated that more than 40 Swedish companies have been established in Pakistan, of which many were known Swedish brands and have been present here for many decades but these Swedish companies face challenges including high tax rates when it comes to foreign investment, high energy prices and the difficulties in transferring foreign currencies.
Mehfooz
Fatima Fertilizer, in partnership with UNDP, is the first company in Pakistan to adopt the SDGs Impact Framework
Fatima Fertilizer has the distinct honor of becoming the first private sector entity in Pakistan to partner with the United Nations Development Programme (UNDP) by adopting the SDG Impact Framework. In this regard, Fatima Fertilizer in collaboration with UNDP, recently hosted the launch event of a special report titled “SDGs Impact through Businesses: Sustainability Framework for Fatima Fertilizer” which outlines how the company has embedded the impact framework assessment into its business operations, mapping eight critical areas that align with achieving related UN SDGs.
PSX Index Climbs to Historic High of 97,328.40 Points
The 100-Index of the Pakistan Stock Exchange turned around to bullish trend on Thursday, gaining 1,781.94 points, a positive change of 1.87 percent, closing all time high at 97,328.40 points as compared to 95,546.46 points on the last trading day.
Pakistan: Transition 30% of Transport to Electric Vehicles
Minister for Industries and Production Rana Tanveer Hussain unveiled the government’s ambitious plan aiming at shifting 30 percent of transportation to electric vehicles (EVs) by 2030 to promote an environmentally friendly transport system.
SBP grants license to E-Processing Systems for commercial operations
The SBP has given License to M/s. E-Processing Systems Private Limited (EPSPL) to commence commercial operations as an Electronic Money Institution (EMI). Under the license, the EMI shall offer e-money wallets to consumers, merchants and agents.
PM orders crackdown on hoarding and tax evasion in sugar sector
Prime Minister Shehbaz Sharif directed the Federal Board of Revenue, Federal Investigation Agency and the Intelligence Bureau to carry out joint action to curb the undocumented sale of sugar, tax evasion and price hikes of the commodity.
BYD Marks 30th Anniversary with Roll-off of 10 Millionth NEV
BYD, the world’s leading manufacturer of new energy vehicles (NEVs) and power batteries, today marked a historic moment in its 30th-anniversary celebration with the roll-off of its 10-millionth NEV at its Xiaomo Production Base in the Shenzhen-Shanwei Special Cooperation Zone.
Sunridge Pakistan Food Festival Sponsored to Support Small Women Led Businesses
Unity Foods, proudly served as the title sponsor of the Pakistan Food Festival, a vibrant event organized by the Sparks Business Club under their flagship brand Sunridge to celebrate the country’s rich culinary heritage and champion women-led businesses.