Incremental benefit must be passed on to Karachi industrial units: FBATI
The government and concerned authorities should release the allocated funds on account of incremental benefit subsidy electricity to industrial units of Karachi, mainly Small and Medium Enterprises (SMEs) to prevent the closure of large-scale economic activities and layoffs in different sectors of commercial and industrial hub of the country, said President Federal B Area Association of Industries Syed Raza Hussain.
Mehfooz
KCCI demands release of pending Rs.33 billion against incremental consumption
President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to his discussions with industrial town associations in connection with delays in release of funds against incremental consumption of electricity during COVID-19 pandemic, urged the government to immediately release the remaining amount of Rs.33 billion to Karachi industries so that their grievances could be minimized to some extent.
Adil Aziz
ADM Group to invest $250M in Pakistan’s electric vehicle sector
ADM Group Chief Executive Officer (CEO) Yasir Bhambhani said that the ADM Group was keen to invest an amount of $250 million in Pakistan for manufacturing of electric vehicles to provide ecological-friendly automobiles to local consumers.
Pakistan’s textile exports jumps to $1Billion in July 2024
Textile exports reached $1,271.136 million during the first month of the current financial year (2024-25), according to the statement of Pakistan Bureau of Statistics.
Editor
AGTL Kicks Off ‘Plant Together, Grow Forever’ Campaign
l-Ghazi Tractors Limited (AGTL) has proudly launched the “Plant Together, Grow Forever” campaign in celebration of Pakistan’s Independence Day. This yearlong initiative marks a bold step toward a greener, more sustainable future, resonating with the hashtag #OneTreeAMonth.
Mobilink Bank partners with Systems Limited to drive superior customer experience
Mobilink Bank, has partnered with Systems Limited to leverage the power of Temenos Core, modernizing its core banking platform and boosting business and operational capabilities. Under this partnership, the Bank – being the first in Pakistan to upgrade its platform to R23, is positioned to deliver a premium customer experience, streamline internal processes, and achieve unparalleled agility within the ever-evolving financial landscape.
President of JazzCash, Murtaza Ali join Forbes Finance Council
President of JazzCash, Pakistan’s largest fintech platform, Murtaza Ali, has been accepted into the Forbes Finance Council, the foremost community of financial services professionals worldwide.
Retailers unleash exciting Azadi deals, discounts on Independence Day
Pakistan’s 78th Independence day approaches, shops across the country are witnessing a surge in customers eager to capitalize on attractive ‘Azadi deals’ and discounts where from clothing to home appliances retailers were seen offering enticing promotions to commemorate the occasion. With discounts ranging from 10% to 50% off, shoppers are flocking to stores to snag unbeatable bargains.
SECP Revokes Registration of EFU Health Insurance Limited as an Insurer
M/s EFU Health Insurance Limited, is no longer authorized to carry on insurance business in Pakistan and, as per scheme, any business activity carried by it or any liability incurred by it shall be payable by M/s EFU Life Assurance Limited. Consequently, all policyholders of EFU Health Insurance Limited may contact M/s EFU Life Assurance Limited for any claim or liability with respect to their insurance policies.
Finance Minister meets PepsiCo’s CEO for Africa
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with PepsiCo’s Chief Executive Officer (CEO) for Africa, Middle East (ME) and South Asia (SA) Eugene Willemsen to discuss Pakistan’s economic progress and potential collaboration opportunities.