Karachi, June 15, 2020: Capt. A Moiz Khan, patron-in-chief, North Karachi Association of Trade and Industry (NKATI) and President Naseem Akhtar has lauded for considering NKATI’s proposal for the industrialization and announcement to make industrial raw materials duty free in the federal budget 2020-21. In a statement, NKATI leaders thanked to Prime Minister Imran Khan,…
Karachi, June 15, 2020: The Competition Commission of Pakistan (CCP) has issued a Show Cause Notice to S.M. Food Makers Limited for deceptively copying the trademark/trade dress of various products of Hilal Foods, thus prima facie violating of Section 10 of the Competition Act. Hilal Foods sent a formal complaint that S.M. Food Makers was…
Karachi, June 15, 2020: The State Bank of Pakistan (SBP) has issued its flagship annual publication, the Financial Stability Review (FSR) for CY19. The Review presents performance and risk assessment of various segments of the financial sector including banks, non-banking financial institutions, financial markets, non-financial corporate and financial market infrastructures. The FSR notes that the…
Single, unified smartphone app serving people’s local, daily needs Careem Super App provides services across three areas: 1. Mobility of people – cars, bike, rickshaw 2. Mobility of things – food, daily essentials, pharma, deliveries 3. Mobility of money – peer-to-peer, mobile recharge, bill payments US$50 million invested in developing Careem Super App, driven by…
Karachi, June 15, 2020: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has said that the root cause of the burgeoning circular debt is the sovereign guarantees of Rate of Return (ROR) to IPPs (Independent Power Plants) in terms of US$ and not Rupees. With a weakening Rupee…