The Cabinet approved the Strategic Trade Policy Framework (STPF) 2020-25 on Tuesday. STPF aims to enhance the ability of Pakistani enterprises capacity to produce, distribute and sell products and services more efficiently than competitors.Priority sec...
Read More »Daily Archives: December 21, 2021
Thar Coal Rail Track Project Attracts €170 Million in Foreign Direct Investment
Railway Constructions Pakistan Limited (RAILCOP) has signed a memorandum of understanding (MoU) with M/s Al Furqan Holdings Private Ltd and BIL Pakistan (Pvt.) Ltd for the construction of a new 105-kilometer rail track in Thar Coal.The project, linking...
Read More »Pakistan-Iran-Turkey Freight Train Service Resumed After 9-Year Hiatus
Advisor to the Prime Minister on Commerce Abdul Razak Dawood has stated that regional connectivity is one of the most important pillars of the new and special Strategic Trade Policy Framework (STPF), compiled by the Ministry of Commerce.He made these r...
Read More »Shoaib Mumtaz Assumes Charge as Acting President & CEO of MCB
Shoaib Mumtaz has assumed the charge of Acting President and CEO of MCB Bank Ltd with effect from 21 December (today). Mumtaz replaces outgoing President and CEO, Imran Maqbool, whose term of employment ended on Monday.Mumtaz, a graduate from the Unite...
Read More »ADB to Assist Pakistan to Overcome Gas Shortage Issues
The Asian Development Bank will help develop a system to bridge Pakistan’s gas shortage and finance its needs, ProPakistani has learned on good authority.The ADB has recently approved and started working on the gas systems of Pakistan with a special fo...
Read More »Auto Financing Inched Up by Just 1% in November
Auto financing has broken all previous records this year with a massive increase in demand resulting from the arrival of new cars and decreased rates of interest. Ironically, it had a minimal increase of just one percent on a Month-over-Month (MoM) bas...
Read More »Mini-Budget: 15% Withholding Tax on Cellular Services Under Consideration
The government is considering raising the withholding tax (WHT) on cellular services from 10 percent to 15 percent in the forthcoming mini-budget.The advance tax on telecom services was originally cut from 12.5 percent to 10 percent in the state budget...
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