De-recognition of Associations by PIA
Karachi: PIA Management in a press release issued on Monday clarified its stance for derecognizing the numerous associations working in PIA and encroaching in the management of the company without…
SHAISTA BANO GILLANI TAKES CHARGE AS CHAIRPERSON CCP
ISLAMABAD: Ms. Shaista Bano Gillani has taken charge as the Chairperson, Competition Commission of Pakistan (CCP). The Finance Division on Monday issued a notification after the federal cabinet in its…
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…
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…
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…
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…
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…
First time in history PIA gets Special Permissions to Operate Directly to the United States
Karachi: PIA has been granted a Special Permission to operate direct flights to United States of America’s to repatriate stranded citizens. It will be the first occasion whereby PIA has…
All PIA Associations except CBA have been De-Recognized by PIA Management – Official letters have been issued to the Associations.
Karachi: In a notification issued by the management, PIA derecognizes all employee associations with immediate effect, with exception of Trade Union i.e., Collective Bargaining Agent (CBA) which is the sole…
K-Electric offers installment option for ISPA arrears to facilitate industries
Karachi: In line with the Ministry of Energy’s directives, Industrial Support Package (ISPA) arrears for the period July-December 2019 were applicable in March 2020. However, in light of the current…
SECP proposes new regulations for insurance agents
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has notified draft Corporate Insurance Agents Regulations, 2020 for eliciting public comments. Proposed Regulations aim at strengthening the regulatory regime for…
Phma Demands SBP to Approve Reallocation of Sanction Limit to Authorized Banks Suffice to Meet Demand for Credit from Exporters in Respect to Export Refinancing
“In view of global slowdown and deadly effects of COVID19 on the business in Pakistan and to facilitate the exporters in respect to their increasing need of export refinancing, it…
SECP asks insurers to extend coverage of Motor Insurance Policies
ISLAMABAD: In light of the outbreak of COVID-19 (Coronavirus), the Securities and Exchange Commission of Pakistan (SECP) has advised non-life insurance companies to grant one month free of cost extension…
Ismail Suttar elected EFP president
Karachi: Ismail Suttar was unanimously elected as the new President of Employers’ Federation of Pakistan following the resignation of Mr. Majyd Aziz. Meanwhile, Zaki Ahmed Khan, will remain Vice President…
Public Holiday
The State Bank of Pakistan will remain closed on 1st May, 2020 (Friday) on the occasion of “Labour Day” as declared by the Government of Pakistan.
Engro Partners With Shaukat Khanum Memorial Cancer Hospital & Research Centre To Boost COVID-19 Testing Capacity In Punjab
Lahore and Karachi: As part of the PKR 1 billion Hussain Dawood Pledge, Engro Foundation – the social investment arm of Engro Corporation – has committed to provide PKR 20…
Business community laud PM’s “Package for SMEs”
Karachi: Capt. A Moiz Khan, patron-in-chief, North Karachi Association of Trade and Industry (NKATI) and President Naseem Akhtar has lauded package for small and medium-sized enterprises (SMEs) approved by the…
PHMA REQUEST FOR RELEASE OF OLD DEFERRED SALES TAX REFUND & INCOME TAX REFUND CLAIMS AND RESTORATION OF RATING OF SALES TAX – NO PAYMENT NO REFUND REGIME
Pakistan Hosiery Manufacturers & Exporters Association profoundly appreciates the government’s initiative to expedite refunds to exporters under FASTER system. However, in order to ease and facilitate exporters liquidity problems in…