Business
JazzCash become Pakistan’s No. 1 mobile account
Islamabad, July 6, 2020: JazzCash is now serving more than eight million monthly active mobile account users making it Pakistan’s number 1 Mobile account. This milestone was reached after the digital payment platform reported a 41 percent increase in its monthly active mobile account users in comparison to last year. This growth has been possible due…
Foreign investors shows satisfaction on improving security environment in Pakistan
Karachi, July 6, 2020 : Overseas Investors Chamber of Commerce and Industry (OICCI), the largest chamber in terms of economic contribution and representing top 200 foreign investors in Pakistan, has released the results of its latest Annual Security survey 2020, covering feedback on the security environment from July 2019 to June 2020. Overall, the foreign investors…
SBP enhances scope of refinance facility to support health facilities
KARACHI, July 6, 2020: The State Bank of Pakistan (SBP) has enhanced scope of refinance facility to support health facilities. On 17th March, 2020, SBP introduced a refinance scheme, titled Refinance Facility to Combat Covid-19 (RFCC), to support the hospitals and health sector for providing services to directly fight against Covid-19. Under this scheme, banks…
Low gas pressure hurting industrial production in Hub
Hub (Baluchistan) , July 6, 2020: Hub industrial area is facing low gas pressure for the last few weeks and it is directly hurting the industrial production. Industrialists termed gas pressure fluctuations in Hub Industrial and Trading Estate (HITE) unbearable and said that manufacturers are already suffering due to severe economic down haul in the…
Industry protest over K-Electric tariff increase despite load shedding
Karachi, July 6, 2020: Industrials have lodged strong protest over prolonged load shedding and allowing K-Electric to charge quarterly Fuel Cost Adjustment (FCA) of 2.89 rupees per unit. President of SITE Association of Industry Suleman Chawla has questioned the Economic Coordination Committee to clarify who is dearer to them: K-Electric or trade & Industry. He…