Business
Business community laud PM’s “Package for SMEs”
Karachi, April 27, 2020: Capt. A Moiz Khan, patron-in-chief, North Karachi Association of Trade and Industry (NKATI) and President Naseem Akhtar has lauded package for small and medium-sized enterprises (SMEs) approved by the Economic Coordination Committee (ECC) would provide them relief amid the economic downturn brought on by the pandemic. In a statement, NKATI leaders…
Byco Petroleum reports a drop in nine-month gross profit to Rs 1.2bln amid weak demand
Byco Petroleum reported a gross profit of Rs. 11.2 billion but a net loss of Rs 2.67 billion, largely due to weak demand, high exchange rate, inventory losses, and an increase in finance costs. The company is experiencing tough market conditions as the spread of COVID-19 hurts demand but can withstand this period. Karachi, April…
Pakistan’s IT exports cross $1bln in 3QFY20
Quratulain Y Azher Karachi, April 26, 2020: Pakistan’s IT sector showed tremendous performance in the current financial year as it exports surged to over $1 billion by the end of three quarters of financial year 2019-120. According to the data released by State Bank of Pakistan, the exports of IT services and IT-enabled services increased…
PAJCCI demands economic relief mechanism for transit and trade with Afghanistan: Zubair Motiwala
Karachi, April 26, 2020: To facilitate movement of cargo trucks and containers to cross over into Afghanistan through Torkham and Chaman border while keeping Afghanistan Government’s special request, the Government of Pakistan has devised several mechanisms. The border has been kept operational for three days in a week with appropriately developed quarantine measures, which was…
SOPs for on-line business/ e-commerce
Karachi, April 26, 2020: In view of the spread of corona virus and resulting disease (Covid-19) and deaths worldwide and also due to increasing number of cases in Pakistan as well as in Sindh the Government of Sindh passed orders from time to time under the Sindh Epidemic Diseases Act 2014 (The Sindh Act VIII…