FBR further extends time for filing of Goods Declaration (GD)
ISLAMABAD: The Federal Board of Revenue (FBR) has further extended the time for filing of Goods Declaration (GD) for all IGMs filed between April 07 to May 09, 2020. “However,…
President approves amendments to Companies Act to facilitate Startups
ISLAMABAD: President Dr Arif Alvi has approved amendments in Companies Act 2017 to provide an enabling regulatory framework to facilitate startups in Pakistan. These amendments were proposed by the Securities…
Telenor Microfinance Bank committed towards serving Pakistan amid Covid-19 outbreak
Karachi: Telenor Microfinance Bank, Pakistan’s leading microfinance institution, along with its premier mobile banking platform Easypaisa have been empowering the lives of Pakistani citizens and leading the digital revolution by…
PHL SUKUK ISSUE LAUNCHED THROUGH PSX
Karachi: Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy, is issuing a debt instrument to address the liquidity constraints being faced by Pakistan’s…
PTIDA Delegation requested FPCCI intervention for removal of Regulatory Duty on Tyres
Pakistan Tyre Importers and Dealers Association (PTIDA) has demanded immediate removal of Regulatory Duty on Tyres. A delegation of PTIDA led by Mr. Shahid Anwal, Chairman FPCCI Standing Committee on…
PAK-QATAR GENERAL TAKAFUL SIGNS MoU WITH GABITT
Karachi: Pak-Qatar General Takaful Limited (PQGTL) has recently signed an agreement with Gabitt, a ride hailing service. The ceremony was attended by Mr. Nasir Ali Syed, CEO Pak-Qatar General Takaful…
Shipping companies advised to ensure security of containers through insurance guarantee, not in cash deposit
KARACHI: Director Transit Trade Karachi Zeba Azhar has advised shipping lines to ensure security of their containers through insurance guarantee instead of taking deposit in cash, which over burdens the…
Concerns expressed over transit trade halt
PESHAWAR: Khyber Pakhtunkhwa (KPK) business community has raised alarms over large number of Afghan transit trade goods containers being held at Karachi port under the pretext of scanning, which was…
Tesla installed 260MWh of energy storage in Q1 2020
BOSTON: Tesla has kept financial losses at bay in the first quarter of the year, posting strong group-wide EBITDA and revenue numbers amid high hopes for its solar roof line…
Shipping lines seek to expand scope of their operations
KARACHI: Shipping lines operating in Pakistan seek to expand the scope of their operations, making deliveries of goods to the final destination as the country plans to broaden the scope…
Pakistan Press Foundation (PPF) releases World Press Freedom Report on Media Safety and Press Freedom in Pakistan 2019-2020
This year, the media in Pakistan, is operating under a new and challenging environment created by the spread of COVID-19. Since the spread of the pandemic in the country, two…
Universal Electronics Inc. Wins Five Red Dot Design Awards
SCOTTSDALE: Universal Electronics Inc., the global leader in universal control and sensing technologies for the smart home, has received five 2020 Red Dot Awards, one of the most prestigious international…
Purple Line Transit Constructors (PLTC) Announces Intent to Exit Purple Line Project
RIVERDALE PARK: Purple Line Transit Constructors (PLTC) notified the lead contracting and finance consortium for the Purple Line Project, PLTP, of its intent to exit the public-private partnership to build…
Cummins Increases Revolving Credit Capacity by $2 Billion
COLUMBUS: Cummins Inc. has entered into an agreement providing for an additional $2 billion revolving credit facility that terminates on April 30, 2021. “The company ended the first quarter with…
Siraj Teli demands ease in lockdown for small traders/shopkeepers from 15th Ramadan
KARACHI: While appreciating numerous measures adopted by Sindh Government since the imposition of lockdown from March 23 to prevent spread of coronavirus pandemic particularly the hard work by Chief Minister…
State Bank reinforces its support to health sector in fight against COVID-19
In the background of rising cases of COVID-19 in the country and with the need to strengthen health sector in fight against COVID-19, SBP today enhanced financing limit of a…
Walmart Introduces Express Delivery
BENTONVILLE: Walmart is announcing Express Delivery, a new service that delivers more items from the store than ever before to customers’ doors in less than two hours. Walmart has accelerated…
I Squared Capital partners with Rubis in Rubis Terminal
LONDON: I Squared Capital, through its ISQ Global Infrastructure Fund II, and Rubis, listed on Euronext Paris and a Paris-based company specializing in the distribution of petroleum products and bulk-liquid…
Global smartphone shipments fall 17 percent in first quarter of 2020
AUSTIN: Global smartphone shipments fell 17 percent annually to reach 275 million units in the first quarter of 2020. This is the smartphone industry’s worst quarterly performance of all time,…
At Home Group Inc. Announces Store Re-Opening Plan
PLANO, Texas: At Home Group Inc., the home décor superstore, provided a business update regarding its store re-opening plan and enhanced safety, cleaning and sanitization protocols. Lee Bird, Chairman and…