Sindh Chief Minister Syed Murad Ali Shah has announced that affectees of Cooperative and Victoria markets in Karachi will be compensated by the provincial government.He was talking to the delegation of Karachi Chamber of Commerce and Industry led by Zu…
OICCI Elects Ghias Khan as President for the 2022 Term
President & Chief Executive Officer Engro Corporation Limited, Mr. Ghias Khan, has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2022 term.This was announced at the 162nd Annual General Meeti…
FBR Set to Introduce New Rules to Restrict Foreign Currency Outflow
The Federal Board of Revenue (FBR) is measuring up a new set of rules to restrict foreign currency outflow, such as foreign currency declarations at customs stations, airports, and seaports, among other things.According to Business Recorder, the tax re…
Govt to Import 500,000 Tonnes of Petrol to Meet Domestic Demand
The government is planning to import 500,000 tonnes of petrol and around 250,000 tonnes of diesel next month to fulfill the country’s demand.Estimates show that the demand for petrol in Pakistan will be 712,500 tonnes in February 2022, with the demand …
Rupee Continues Winning Streak Against the US Dollar as IMF Meeting Nears
The Pakistani Rupee (PKR) is persisting with its positive run against the US Dollar (USD) and posted gains in the interbank market today. It gained five paisas against the greenback after hitting an intra-day low of Rs. 176.95 against the USD during to…
Pakistan Clarifies Reports of Loans from China, Russia and Kazakhstan
The Ministry of Economic Affairs has rejected the claims circulating in the media that it has prepared a plan for obtaining US$ 5 billion new loans from China, Russia, and Kazakhstan.In a statement, the ministry has made it clear that no such proposal …
No Gas Supply Cripples Karachi’s Industries Affecting $3 Billion Investments
The cold weather severely impacted the business and industrial activities in Karachi, the commercial hub of Pakistan, as it witnessed the suspension of gas supplies for the past 100 days, adversely affecting the fresh investment of $3 billion in variou…
Petrol Prices to Remain Unchanged Despite a Massive Jump in International Prices
Prime Minister Imran Khan, on Monday, deferred the Oil and Gas Regulatory Authority’s (OGRA) recommendation to hike the price of petroleum products.Special Assistant to the Prime Minister on Political Communication, Shahbaz Gill, took to Twitter to con…