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In a significant move towards modernization and enhanced security in banknote paper production, Security Papers Limited (SPL) has announced the approval of an upgradation project for its paper manufacturing plant. The resolution for this strategic initiative was passed at the 9th Reconvened Extraordinary General Meeting (EOGM) held on March 1, 2025. Approval for Upgradation Project…
KARACHI, 28 February 2025:In a significant milestone for the company and the countrys capital market, Zarea Limited has officially been listed on the Pakistan Stock Exchange (PSX). This marks a major step forward for the company as it embarks on its journey as a publicly traded entity. The listing of Zarea Limited on the PSX…
The Research and Publications (R&P) Committee of ICMA Pakistan headed by Mr. Muhammad Yasin, Vice President ICMA, has submitted a comprehensive set of policy proposals to the Federal Board of Revenue (FBR) aimed at optimizing revenue generation and fostering economic growth. These recommendations focus on broadening the tax base, integrating the entire business value chain…
A delegation from the State Bank of Pakistan (SBP), led by Dr. Muhammad Saleem, Additional Director of the Financial Inclusion Support Department, visited the Karachi Chamber of Commerce and Industry (KCCI) to discuss the importance of digitalization in the banking sector, with a special focus on the RAAST service. The meeting was attended by Senior…
HBL Microfinance Bank (HBL MfB) announced the appointment of Maya Inayat Ismail as the new Chairperson of the Board of Directors, succeeding Rayomond H. Kotwal. Maya Inayat Ismail played a pivotal role in establishing HBL MfBs predecessor, FMFBthe first microfinance bank in Pakistanbringing to life His Highness the Aga Khans vision of expanding financial access…
Federal Minister for Finance & Revenue Muhammad Aurangzeb has said that efforts were being made to attain macroeconomic stability for sustainable growth because if the government, without attaining macroeconomic stability, takes growth-oriented steps which was done in the past, it would face balance of payment issue so there was no choice but to take difficult…
President Asif Ali Zardari has called for finding a win-win solution to address the issue of rising energy costs in the country. He proposed that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) should form a committee and work withthePresidents office to develop a viable solution to the issue of paying capacity charges…
Official Statement from the house of Pakola. We are aware of false rumors regarding Pakola Pure Drinking Water’s safety and quality. Rest assured, our water is rigorously tested and meets the highest international standards. Pakola Pure Drinking Water has received ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and FSSC 22000 certifications, ensuring our commitment to providing…
The Competition Commission of Pakistan (CCP) has granted approval to the acquisition of Coca Cola (Pakistan) under phase-1 review of the Competition Act, 2010, and the Competition (Merger Control) Regulations, 2016. Coca-Cola ?ecek (Turkey) acquired 49.67 percent shareholding of Coca Cola (Pakistan) through CCI International Holand (one of its subsidiaries) from Atlantic Industries. The transaction…
Even thinking or talking of any remedies how to grapple with the spiraling and uncontrollable price-hike is a very tough ask, what to talk of actually implementing fanciful ideas and solutions for the rocketing prices! While inflation is round-the-year phenomenon from man in the street to elitist or opulent gossiping about it as fashion, in…
By Parvez Jamil Canada Pakistan relationship witnesses many turning points right from the debatable KANUPP nuclear power interaction to the so-called Islamophobia in many a Western- Canadian mind. However, this relationship assumes highly-positive dimensions, especially in the social sector development cooperation during the then Canadian PM Jean Chretien and Pakistani PM Late Benazir Bhutto’s regimes….
By Masood Sattar Khan (Pakistan News & Features Services) A pilot project of chili farming spreading over 100 acres is completed while another 3,000 acres of land would be brought under chili cultivation that would ensure enhance production in the country. “Pilot project of Chili Farm with 100 acres is completed, the Chairman of the…
By Masood Sattar Khan (Pakistan News & Features Services) China is a big market of Pakistani Cherry that is grown in abundance at the foothills of the Himalayas and Karakoram mountain ranges in Pakistan’s northern Gilgit-Baltistan region. Nourished by fresh glacial water, and ripened by golden sunbeams coupled with the gentle breeze that whirls around…
MashaAllah our so concerned experts can comment best on important budget focus as on military, agriculture, industry, energy, infrastructure, education, health and, above all, inflation etc. Seldom shared yet vital budget points here: First point: How can a nation embark on the course to economic development when its overwhelming majority of masses are not…
Come any budget anytime and anywhere in the world, booming “budgetactics”, devised here as a first-hand term.”Budgetactics” is an attempted tact and technique of so-called planners and technocrats to bamboozzle masses with a bull’s eye blue. For example, crafting alarming price hike of items of daily use just before the budget, manipulating little relief…
By Abdul Qadir Qureshi (Pakistan News & Features Services) A former General Manager of Pakistan International Airlines (PIA) has urged the Prime Minister to take action on maltreatment with the retired employees by the national airline. The national airline has not increased pensions of retired employees since long and the retired employees are not being…
President Karachi Chamber of Commerce & Industry (KCCI) M. Shariq Vohra, while expressing deep concerns over the sudden stoppage of payments by National Saving Center (NSC), urged the government to look into this serious issue as any delay in these payments would intensify the hardships mostly for the senior citizens including retired individuals and widows…
Consul General of Turkey Tolga Ucak has said that as the coronavirus situation was likely to improve after April 2021 therefore, the Karachi Chambers business community should immediately start online interactions with their Turkish counterparts and subsequently look into the possibility of sending a business delegation to Turkey in the post COVID scenario to explore…