PIA starts distribution of cheques to VSS applicants

Karachi: The full amount payable to individuals under the PIA Voluntary Separation Scheme commenced on Wednesday and cheques were distributed to more than 100 VSS applicants at PIA head office. The cheques were distributed by Chief Financial Officer PIA, Khalil Ullah Sheikh, General Manager Accounting Zahid Karim, General Manager Funds… Continue reading

SBP extends the Rozgar Scheme for Supporting Employment for another 3 months and widens its scope in collaboration with Government of Pakistan

Soon after the outbreak of Covid-19 pandemic, SBP took a number of steps to provide economic support to businesses and households. SBP reduced the financial cost to the private and public businesses and households by reducing the policy rate by a cumulative 625 basis points since 17th March 2020. To… Continue reading

New regime proposed to counter trade based money laundering

KARACHI: Money laundering is a menace and source of bad publicity and economic cost; therefore the government of Pakistan has proposed a completely new regime to curb the practice of trade-based money laundering. In order to control trade-based money laundering and mis-declaration of value for illegal transfer of funds abroad,… Continue reading

PTCL & Ministry of Climate Change collaborate for a Green Pakistan

Islamabad: Pakistan Telecommunication Company Limited (PTCL) and Ministry of Climate Change (MoCC), Government of Pakistan, have signed an agreement to support the Clean Green Pakistan Movement. This collaboration will enable to tackle issues of low forest cover and poor cleanliness in urban & rural areas of Pakistan. Under this MoU,… Continue reading

FPCCI appreciates signing of SEF between Pakistan and Turkey

KARACHI: Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) appreciated the efforts of Government of Pakistan and Turkey to enter into Strategic Economic Framework (SEF) for enhancement of bilateral relations in trade, tourism, healthcare, hospitality, industry, education, housing, agriculture, aviation and banking…. Continue reading

Collection of applications along with dues for Hajj 2019

KARACHI: Ministry of Religious Affairs & Interfaith Harmony, Government of Pakistan has extended the date for collection of Hajj applications by designated banks from March 7, 2019 to March 9, 2019. Accordingly, State Bank of Pakistan has directed banks including National Bank of Pakistan, Habib Bank, United Bank, MCB Bank,… Continue reading

Pfizer Pakistan Limited signed a MoU with Pakistan Bait-ul-Mal, Government of Pakistan

Islamabad: Pfizer Pakistan Limited and Pakistan Bait-ul-Mal, Government of Pakistan signed a Memorandum of Understanding (MoU) in January, 2019 – by virtue of this collaboration, Pfizer Pakistan and Pakistan Bait-ul-Maal, Government of Pakistan will support patient diagnosed with Cancer and are under critical care requiring novel treatments which are beyond… Continue reading

Rs36 billion financing approved to clear circular debt

ISLAMABAD: Government of Pakistan has allowed the ministry of energy to secure around Rs36 billion from a syndicate of banks to clear power sector’s outstanding payments. The decision was taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet headed by Finance Minister Asad Umar. “The ECC… Continue reading

Pakistan to issue postal ticket to commemorate IDEAS defence exhibition

KARACHI: Government of Pakistan will issue a Rs10 postal ticket to commemorate the 10th successful edition of IDEAS defence exhibition on November 27, 2018. Organizers of IDEAS 2018 have said that the 10th edition of the event would hold a golf tournament for the foreigners on 26th of November, a… Continue reading

PM urged to secure duty free access to Chinese markets

KARACHI: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has urged the government of Pakistan to demand from China duty-free access to Chinese markets to bridge the huge trade balance in favor of Pakistan. “Pakistan should export the value added garment to China on zero percent duty at par with ASEAN… Continue reading

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