General Business News

Category: General Business News

The State Bank of Pakistan Issues IT Export Forex Retention Policy Clarification: Assures Support to P@SHA and IT and ITeS Industry

February 1, 2023 |

Islamabad, February 01, 2023 (PPI-OT):Following concerns raised by P@SHA (Pakistan Software House Association) regarding the mandatory retention of 35% of export proceeds by banks nationwide, the SBP has issued clarification to banks. The SBP has authorized banks to credit up to 35% of the export proceeds at the discretion of exporters, and to help IT […]

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BMG, KCCI strongly condemn attack on Mohammad Lakhani, demand immediate arrest of culprits

February 1, 2023 |

Karachi, February 01, 2023 (PPI-OT):The Leadership of Businessmen Group (BMG) and Office Bearers of the Karachi Chamber of Commerce and Industry (KCCI), while expressing deep concerns over deteriorating law and order situation of Karachi, strongly condemned the assassination attempt on well-known industrialist/ exporter Muhammad Lakhani, who has been wounded in an attack by unidentified armed […]

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Request for Qualification for the Development of a Grid Station Specific/ Site Neutral Hybrid Power Project (“PROJECT”) in Sindh, Pakistan

February 1, 2023 |

Karachi, February 01, 2023 (PPI-OT):K-Electric Limited (“KE”) intends to induct 200 MW (AC peak) Hybrid Renewable Project within 50 km radius from its Dhabeji Grid station. The Project will be developed through Competitive Bidding under IPP mode and will be awarded to the Successful Bidder in accordance with NEPRA Competitive Bidding Tariff (Approval Procedure) Regulations […]

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PTCL launches OTT Platform, ‘SHOQ’ to bring High Quality Video Streaming to Pakistan

February 1, 2023 |

Karachi, February 01, 2023 (PPI-OT):Pakistan Telecommunication Company Limited (PTCL), a subsidiary of e and, (formerly known as Etisalat Group) has launched its new Over-The-Top (OTT) platform, SHOQ, to provide a superior and immersive viewing experience to all data users in Pakistan. SHOQ hosts a rich repository of selected content that is accessible to all, in […]

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Shan Foods Collaborates with Textile Institute of Pakistan to Provide Skill-Based Education

February 1, 2023 |

Karachi, February 01, 2023 (PPI-OT):Shan Foods, being one of the leading food companies in Pakistan, has taken a strong step towards educating the youth by joining hands with the Textile Institute of Pakistan (TIP). This is the second time that the company has taken this initiative to grant scholarships for the financially struggling students. In […]

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Islamic financial system has potential to provide better banking and financial services: PCJCCI Chief

February 1, 2023 |

Lahore, February 01, 2023 (PPI-OT):Islamic financial system has potential to provide better banking and financial services than the conventional system, provided it capitalizes on its own inherent strengths and avoids following the conventional system,” stated by Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) today during a think tank session held […]

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There is little focus on development of maritime economy: Mian Zahid Hussain

February 1, 2023 |

Karachi, February 01, 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 Wednesday said Pakistan can develop its economy by benefiting from the potential of the blue economy. Blue economy refers to social and economic development by using […]

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Rupee depreciation, high inflation and oil price hike exposes policy weakness

February 1, 2023 |

Islamabad, February 01, 2023 (PPI-OT):Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Wednesday said runaway inflation, record retreat of the rupee against the dollar, and oil price hike have exposed the weakness of economic policies. Due to the eroding rupee, wrong policies, and oil price hikes in the […]

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Pakistan Business Delegation to visit Ethiopia in March to tap trade and exports

February 1, 2023 |

Islamabad, February 01, 2023 (PPI-OT):Faad Waheed, Acting President, Islamabad Chamber of Commerce and Industry said that Africa is an untapped market for Pakistan and close cooperation with Ethiopia would help us in capitalizing on the potential business and investment opportunities in the huge market of the African continent. He said that the current volume of […]

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Tola-led body reaches out to FPCCI for Taxation Reforms

February 1, 2023 |

Karachi, February 01, 2023 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised that the high-powered Reforms and Resource Mobilization Commission (RRMC) of the Government of Pakistan; with a full-fledged secretariat at the FBR Head Office and headed by the world-renowned chartered accountant, Mr. Ashfaq Tola; has reached out to FPCCI for the proposals on taxation […]

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PACRA Assigns Initial Entity Ratings to Unicol Limited

March 22, 2021 |

Lahore, March 22, 2021 (PPI-OT): Pakistan’s ethanol industry is largely export based owing to lower domestic usage. The Country’s ethanol exports stood at USD 392mln in MY20, growing steeply by ~39%. Fluctuating yet inclining trend was witnessed in the global ethanol prices owing to spike in ethanol demand due to Covid-19 and closure of businesses […]

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PACRA Assigns Initial Entity Ratings to Unicol Limited

March 22, 2021 |

Lahore, March 22, 2021 (PPI-OT): Pakistan’s ethanol industry is largely export based owing to lower domestic usage. The Country’s ethanol exports stood at USD 392mln in MY20, growing steeply by ~39%. Fluctuating yet inclining trend was witnessed in the global ethanol prices owing to spike in ethanol demand due to Covid-19 and closure of businesses […]

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