Business News

Category: Business News

Current democratic government is trying to provide better employment opportunities to the youth

February 3, 2023 |

Faisalabad, February 03, 2023 (PPI-OT):Under the vision of the Prime Minister of Pakistan Mian Shahbaz Sharif, current democratic government is trying to provide better employment opportunities to the youth and especially handicapped to make them an effective segment of the society said Chairman, Faisalabad Electric Supply Company (FESCO) Board of Directors (BODs) Malik Tahsin Awan. […]

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Removal of System Constraints continues Another 250 MVA (220/132 kV) autotransformer energized at NTDC’s 500 kV Shikarpur Grid Station

February 3, 2023 |

Lahore, February 03, 2023 (PPI-OT):National Transmission and Despatch Company (NTDC) has successfully augmented the second 220/132 kV auto transformer of 160 MVA rating with a 250 MVA rating unit at 500/ 220 kV Shikarpur Grid Station. The said autotransformer was successfully energized today. Completion of this project will enhance the capacity of Shikarpur grid station, […]

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Pakistan to face default risk for five years

February 3, 2023 |

Islamabad, February 03, 2023 (PPI-OT):The Pakistan Economy Watch (PEW) on Friday said Pakistan to face default risk for five years as the government is not serious about reducing expenses, increasing investment, and booting exports. Even if Pakistan is saved from bankruptcy due to the IMF this year, its condition will worsen again next year, it […]

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Income of $13 billion possible by eliminating load shedding: Mian Zahid Hussain

February 3, 2023 |

Karachi, February 03, 2023 (PPI-OT): Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the dysfunctional energy sector has contributed to the devastation of the country’s economy. 4000 megawatts of electricity are wasted annually in line losses […]

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ICCI calls for promoting Pak-Syria trade and economic ties

February 3, 2023 |

Islamabad, February 03, 2023 (PPI-OT):Faad Waheed, Acting President, Islamabad Chamber of Commerce and Industry (ICCI) said that Pakistan and Syria are two brotherly Islamic countries and they can complement each other’s economy in many fields, therefore, they should focus on promoting trade and economic ties to achieve mutually beneficial outcomes. He said that the bilateral […]

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Bank Alfalah Kept Up Its Growth Trajectory in 2022

February 3, 2023 |

Karachi, February 03, 2023 (PPI-OT):The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on February 2, 2023, approved the Bank’s financial results for the year ended December 31, 2022. The Bank posted a profit after-tax growth of 28.1% compared to last year, standing at Rs. 18.206 billion. This translates into earnings […]

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OPPO Leads the Smart Future through its Innovation led Technology Showcased in Pakistan

February 3, 2023 |

Islamabad, February 03, 2023 (PPI-OT):OPPO leads the way for a smart future by shaping its technology for the emerging concept of digitization. To do this, OPPO showcased its ground-breaking technologies of tomorrow at the Future Fest Tech Expo in Lahore. OPPO’s booth recorded an overwhelming footfall of over 50,000 visitors who were excited for a […]

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Blocked imported consignments pave way for massive smuggling of automobile spare parts: PASPIDA

February 3, 2023 |

Karachi, February 03, 2023 (PPI-OT):Members of a delegation from Pakistan Automobile Spare Parts Importers and Dealers Association (PASPIDA), while expressing deep concerns over stuck up containers and non-issuance of LCs, stated that the situation has triggered severe crises for the automobile sector as it has been discouraging imports through legal channels and paved way for […]

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Pakistan needs to explore alternatives to IMF: Irfan Iqbal Sheikh

February 3, 2023 |

Karachi, February 03, 2023 (PPI-OT):President FPCCI on the occasion of book launch on Alternative to the IMF and other out of the box solutions by Dr. Shahida Wizarat, the eminent independent economist and author of more-than 100 books and papers said that the treasure of knowledge applied by the author has opened a debate in […]

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Muhammad Lakhani attacked FPCCI condemns violent assault on the life of the industrialist: Irfan Iqbal Sheikh

February 3, 2023 |

Karachi, February 03, 2023 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI, has condemned the attack on the life Muhammad Lakhani, a renowned industrialist, in SITE industrial area in Karachi on Wednesday. This is unacceptable, raises fears even further and destroys whatever sense of security is left in the city; and, the Sindh Government and law enforcement […]

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Siemens Healthineers to showcase latest breakthroughs in healthcare to overcome the world’s most threatening diseases at Arab Health 2023

February 2, 2023 |

Karachi, February 02, 2023 (PPI-OT): Dubai will host Arab Health, the most important healthcare trade show in the Middle East, at Dubai World Trade Center. Siemens Healthineers will display and demonstrate their latest pioneering breakthroughs in healthcare both onsite and virtually in a hybrid exhibition approach, allowing them to reconnect with visitors at the venue, […]

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Ambassador of the Republic of Turkiye to Pakistan visited Sialkot Chamber of Commerce and Industry

February 2, 2023 |

Sialkot, February 02, 2023 (PPI-OT):His Excellency Dr. Mehmet Pacaci, the Ambassador of the Republic of Turkiye to Pakistan on his visit to the Sialkot Chamber of Commerce and Industry (SCCI) gave his assurances of priority visas to the members on submission of the Chamber’s Official Visa Recommendation Letter. The announcement was made by the Turkish […]

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