K-Electric inaugurates the first substation under PKR 9.5Mn rain-mitigation investment

Karachi: As part of continued efforts to strengthen network reliability and add rain mitigation measures to critical power infrastructure, K-Electric (KE) on Thursday inaugurated its first elevated substation. This substation elevation, rebuilt in the Merchant Flats area of Clifton, was done in line with the power utility’s broader plan to reduce… Continue reading

Chairman SECP Reaffirms Commitment to Facilitate Businesses

Islamabad: The Securities and Exchange Commission of Pakistan (SECP), as part of its efforts to promote ease of doing business through meaningful stakeholder engagement, held an interactive virtual session with representatives of Overseas Investors Chambers of Commerce & Industry (OICCI). The session was chaired by the Chairman SECP, Aamir Khan,… Continue reading

SECP highlights investment opportunities in ETFs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) successfully organized a seminar to increase awareness regarding Exchange Traded Funds (ETFs), a new investment product, launched recently in Pakistan’s capital market. ETFs are index tracking funds, which because of their passive investment nature offer lower cost to the investors along… Continue reading

Foreign investors lead the CSR initiative with investment of 16 billion

Karachi: About 100 of the leading foreign investors, members of the Overseas Investors Chamber of Commerce and Industry (OICCI), actively participated in support of the GOP’s effort to fight the pandemic of COVID-19, without stepping back from their continuing commitment to CSR activities which benefit the marginalized communities across the… Continue reading

Paul Koyi urges Pakistani businessmen to improve ties with Tanzanian counterparts

KARACHI: President Tanzania Chamber of Commerce, Industry & Agriculture (TCCIA) Paul F. Koyi has urged the Pakistani businessmen & industrialists to improve ties with Tanzanian counterparts by exploring more avenues of trade and investment cooperation between the two countries in different sectors of the economy. Paul Koyi, who led a… Continue reading

KE commits to PKR 10 bn investment in community uplift under Sarbulandi initiative

Karachi: As part of its wider corporate sustainability and community engagement efforts, K-Electric (KE) has launched the Sarbulandi initiative, a PKR 10 billion investment in power distribution infrastructure for those parts of Karachi which suffer from the societal menace of power theft. With the vision of eradicating power-theft and the… Continue reading

SBP reduces markup rate to 5 percent on refinance schemes for investment and introduces other enhancements

Taking cognizance of the negative fallout of COVID-19 Pandemic for the economy, State Bank of Pakistan (SBP) has been constantly taking steps to safeguard the businesses and households and a reduction in the policy rate has been a key step since March 2020. SBP has reduced the policy rate by… Continue reading

Infinix Makes Headlines as the first Smartphone brand with Manufacturing Facility in Pakistan

Islamabad: Infinix, with its latest and high-quality premium products, is one of the leading smartphone brands in Pakistan. It has continued growing stronger, and one of the primary reasons is the company’s continuous investment and contribution to the economic and labor empowerment in the country. Now very proudly Infinix becomes the… Continue reading

Czech envoy assures support to promote trade and investment with Pakistan

KARACHI: The Ambassador of Czech Republic Tomas Smetanka has assured that Czech Embassy would provide accurate information about Pakistan to the Czech businesses and investors to promote trade and investment ties between the two countries. Czech Ambassador mentioned that during the last three to four years, the trade exchange stood… Continue reading

Tax regime for non-residents simplified to encourage investment in long-term debt securities

KARACHI: Amendments in the Income Tax Ordinance, 2001 have been issued to simplify the tax regime for non-resident companies investing in debt instruments and Government securities. These amendments aim to deepen our capital markets, support availability of long term rupee financing sources, support competition in the local currency debt market,… Continue reading