Chief Editor: Ansar Mahmood Bhatti

Category Archives: Business

ICCI calls for early bailout package for SMEs

ISLAMABAD, APR 8 (DNA) – The Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to finalize a bailout package for coronavirus-hit SMEs at the earliest in order to save them from default and extinction.Ahmed Waheed, President, Islamabad Chamber of Commerce and Industry said that due to Covid-19, business and industrial firms were closed for the last one month due to which business activities were on the verge of destruction.

Exporters meet Hafeez Shaikh to discuss liquidity issues

ISLAMABAD, MAR 20 (DNA) – Adviser to the Prime Minister on Finance and Revenue Hafeez Shaikh chaired a meeting here at the Finance Division with a delegation of Exporters to discuss various issues exporters have been facing after the outbreak of Corona Virus and the evolving position of the global economies and its impact on the export sector of Pakistan.Advisers to PM on Commerce and Textile and Austerity and Institutional Reforms were also present during the meeting.The delegation briefed the Adviser that due to the outbreak of the corona virus pandemic the global economies have gone into a recessionary phase and the demand for their products especially apparel has reduced to a considerable level.

Educational institutions, online businesses to use VoIP, VPN: PTA

ISLAMABAD, MAR 18 (DNA) – Pakistan Telecommunication Authority (PTA) has announced that all educational institutions and online businesses can use Legal Voice over Internet Protocols (VoIP), Virtual Private Networks (VPN) and video conferencing applications to carry on their online activities without any restrictions.

CDNS achieves collection target of Rs150bn by Mar 10

ISLAMABAD, MAR 13 (DNA) – The Central Directorate of National Savings (CDNS) has achieved collection net target of Rs150 billion by March,10 of fiscal year 2019-20.The CDNS has set Rs 352 billion annual collection target for the year 2019-20 as compared to Rs 324 billion for the previous year’s 2018-19 to enhance savings and promoting saving culture in the country, senior official of CDNS said.

Palestine envoy for deeper business ties between two countries

RAWALPINDI, MAR 10 (DNA) – Palestinian ambassador to Pakistan Ahmed Jawad Rabie has said that his country considers Pakistan as his brother and trusted friend.Pakistan is one of the most important countries in the Islamic world and its role is praiseworthy for the Muslim Brotherhood.Talking to President Rawalpindi Chamber of Commerce and Industry (RCCI) Saboor Malik at Chamber house here on Tuesday, the Ambassador said that there was a need for promoting relations between the business community of both countries to promote economic cooperation between Palestine and Pakistan.

Business community asked to explore Polish market

RAWALPINDI, MAR 8 (DNA) – Pakistan’s ambassador-designate to Poland Malik Mohammad Farooq has urged Pakistani businessmen to take advantage of business opportunities in Poland.The trade volume between the two countries is close to $ 360 million. Pakistan also has strong mutual relations including defense and trade ties with Poland.Trade links can be further enhanced in the fields of textile, oil and gas, railway machinery, leather, bed sheets, telecommunications, food and education.

Govt lauded for winning EU trade concessions

ISLAMABAD, MAR 8 (DNA) – Extension of trade concessions for Pakistan by the European Union is a great development for which the credit goes to the incumbent government, a business leader said on Sunday.The decision to extend Genera­lised System of Preferences-Plus (GSP-Plus) status for Pakistan for two years will boost our export sector and stabilise an economy that is facing problems, said Shahid Rasheed Butt former President ICCI.