Business
Industrialists termed duty-free move on raw materials as important for industrialization
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,…
CCP issues show cause notice to S.M. Food for copying competitors’ trademark
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…
CY19 suggests resilience of banking sector to COVID-19 pandemic
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…
Pakistani Mango exports may drop 70 pc
Karachi, June 13, 2020: Special committee of National Assembly calls for a meeting to discuss issues on export of mango. The export of mango during this year is likely to witness 70 percent drop in the export volume of mango compared to the previous mango season due to hurdles in export of mango to Iran &…
PCDMA asks to revise customs valuation of imported items
Karachi, June 13, 2020: Amin Yousuf Balgamwala, chairman Pakistan Chemicals & Dyes Merchants Association (PCDMA) & former director of Karachi Stock Exchange has expressed deep concern over the not revision of valuation rulings in the customs for many years and demanded that the valuation of imported items be revised immediately keeping in view the value…