Islamabad, May 22, 2019: Secretary Commerce Sardar Ahmad Nawaz Sukhera chaired an inter-ministerial meeting on simplification of export facilitation schemes i.e. Duty and Tax Remission on Export, Bonded Warehouse, Manufacturing Bond and Export Oriented Units. The prominent exporters from different sectors and representatives of FBR, Textile Division, National Tariff Commission and leading trade bodies i.e….
Karachi, May 22, 2019: The GSMA today raised serious concerns over the unreasonable fees set by the government and Pakistan Telecommunication Authority (PTA) on operators renewing mobile spectrum licenses in Pakistan, which it believes pose a significant risk to the mobile connectivity of millions of citizens. On 25 May, the licenses of two of the…
Karachi, May 22, 2019: Mufti Muhammad Hassaan Kaleem has been appointed the new chairman of Shari’ah Advisory Board for Pak-Qatar Takaful group. Mufti Muhammad Hassaan Kaleem had already been serving as a member of Shari’ah Pak-Qatar Takaful for more than a decade since the company’s inception in 2007. Former Justice Mufti Muhammad Taqi Usmani had…
Karachi, May 22, 2019: The Chief Technology Officer of Arcelik – the largest Turkish enterprise came to Pakistan, for an official visit from 14th to 16th of May, 2019. During this 3-days tour, the CTO Oguzhan Ozturk held meetings with the corporate leaders and operational teams of Dawlance – the market-leader in Pakistan’s home-appliances industry. Arcelik is…
Islamabad, May 22, 2019: The government has reported 3QFY19 Budget Deficit at 2.3 percent of GDP, which is higher than the Budget Deficit reported in the corresponding period last year (2.1 percent of GDP). Budget deficit turned on higher side mainly on the back of incremental debt servicing. Overall expenditures up by 14 percent YoY,…