Business
Shipping activity at Port Qasim
Karachi, October 25, 2023 : Six ships namely, Maersk Detroit, MSC Yukta-X, Ardmore Chippewa, Sinar Malahayati, Leader and Kanha, carrying Containers, Palm oil, Chemicals, Mogas and LPG, berthed at Qasim International Container Terminal, Liquid Terminal, Engro Terminal, FOTCO Terminal and Sui Southern Terminal respectively on Tuesday. Meanwhile two more ships, Amalia and Marangas Kalymnos carrying…
Paymax withdraws its EMI license
Islamabad, 0ctober 24, 2023 :The Chinese operator backed by Zong, CMPECC has withdrawn its license of Electronic Monetary Institution (EMI) after the operator carried out its operations for more than one year under the brand of Paymax. The operator was awarded commercial license in March 2022 which launched the service of e-money wallets for merchants…
IMF condition: ECC okays massive gas tariff hike
Islamabad, October 23, 2023: In order to met another condition of International Monetary Fund (IMF), the Economic Coordination Committee (ECC) in its meeting today (Monday) approved a massive hike in gas tariff, including a zero hike in the gas circular debt for the ongoing financial year 2023-24. The Caretaker Federal Minister for Finance, Revenue, and…
ECC approves import of 200,000 MT of Urea fertilizers
Islamabad, October 23, 2023: The Economic Coordination Committee (ECC) on Monday discussed the proposal in detail and approved immediate import of 200,000 MT of Urea fertilizers. The Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar presided over a meeting of the Economic Coordination Committee (ECC) of the Cabinet. The Ministry of Industries…
Dr Gohar conducts successful meetings with Chinese business leaders
Islamabad, October 21, 2023: Federal Minister for Commerce Dr Gohar Ijaz concluded a series of highly productive meetings with China’s prominent business leaders and investment groups on the sidelines of the 3rd Belt and Road Forum in Beijing. These meetings were aimed at strengthening economic ties between Pakistan and China and exploring various investment opportunities…