CCP clears acquisition of P&G’s Safeguard manufacturing facility
The approved transaction entails the acquisition of certain assets of M/s Procter and Gamble Pakistan (Pvt.) Ltd (P&G) by M/s Nimir Industrial Chemicals Ltd (Nimir) under the Asset Purchase Agreement (APA).
Adil Aziz
IMF wants to bring under the tax net of agriculture income
The sources further said that the tax on agriculture income will be slapped from yearly income of Rs.600,000.
Editor
State Bank to closes for two days on the occasion of Ashura
The State Bank of Pakistan will remain closed on July 16th and 17th, 2024 (Tuesday & Wednesday) being public holidays on the occasion of Ashura (9th & 10th Moharram 1446 A.H).
Mehfooz
Federal Minister Muhammad Aurangzeb meets with the Chairman Nestle Pakistan
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met Chairman Nestle Pakistan Syed Yawar Ali and Ex-President Farmers Association of Pakistan Afaq Ahmed Tiwana to explore avenues for enhancing the growth of Pakistan’s agriculture and livestock sectors.
Pakistani mud crab exporters sees to expands in Chinese markets
The surge in Pakistani mud crab exports to China can be attributed to the country’s commitment to quality and the optimization of supply chains. Pakistani exporters have capitalized on the rising demand for high-quality seafood in China, where mud crabs are highly valued for their culinary appeal and nutritional benefits.
Workers’ remittances grow by 10.7% to 30.3 billion
The workers’ remittances increased by 10.7 percent during the fiscal year 2023-24 compared to the inflows of fiscal year 2022-23, State Bank of Pakistan reported.
Customs appraisement Chief Collector to resolve genuine issues & expedite digitalization: Saquib Fayyaz Magoon
Mr. Asif Sakhi, VP FPCCI, reiterated FPCCI’s stance that any delays at customs stage increases the demurrages and detention charges for the business community – and, terminal operators and shipping companies charge them exorbitantly. We do not want any concessions, exemptions or waivers; but, we want our due and rightful facilitation during customs appraisement.
Telenor launches Startup Mentors’ Network to empower entrepreneurial ecosystem
Telenor Pakistan’s successful corporate accelerator program, Telenor Velocity, which has empowered startups to scale through access to expertise in product management, growth hacking, and digital assets, the Startup Mentors’ Network aims to deliver an even more supportive entrepreneurial landscape across the nation.
Jazz appoints Farrukh Khan as CFO and CEO of MFH
Jazz appointed Farrukh Khan, CEO & Managing Director of the Pakistan Stock Exchange (PSX), as its new Chief Financial Officer (CFO) and CEO of Micro-Finance Holdings (MFH), effective September 15, 2024.
Country’s ports being developed for regional corridor
The prime minister was briefed that process for installation of latest scanners on ports by the FBR, was in the final stages which would enable rapid scanning of containers in the shortest time with the assistance of latest gadgets and artificial intelligence.