Economy
Govt urged to resume affordable house financing scheme
Karachi, January 13, 2024 : The government should resume the affordable house financing scheme through commercial banks to facilitate masses for purchasing home on easy installments and to revive economic activities across the country. This was stated by the real estate tycoon and founder of Shangrila City, Syed Afzal Hameed, at the annual meetup of…
273 Pakistani exhibitors showcased their innovations at Heimtextil 2024
Pakistan, January 12, 2024 : Heimtextil 2024 came to a successful end. With over 2800 exhibitors from 60+ countries globally, Pakistan ranked fourth among the top 10 exhibiting countries. And 273 Pakistani exhibitors took the opportunity to showcase their products such as bedsheets, towels, kitchen linen and other home textile products internationally. At Heimtextil 2024,…
First-ever market-based SME credit guarantee facility launched
Islamabad, January 12, 2024: National Credit Guarantee Company Limited (NCGCL) will be the first-ever specialised market-based SME credit guarantee facility for enhancing SMEs’ access to finance in Pakistan, said Dr. Shamshad Akhtar, the caretaker minister for Finance, Revenue, and Economic Affairs, on the launch of Pakistan’s first specialised credit guarantee, company for SMEs in collaboration…
Utility stores to acquire 70,000 tons sugar ahead of Ramadan
Islamabad, January 12, 2024 : Utility Stores Corporation (USC) has announced to procure some 70,000 tons sugar to ensure uninterrupted supply of the essential commodity during Ramadan. Bids for the supply of sugar have been welcomed from interested parties until January 30, with the tender opening on the same day. Despite having a one-month sugar…
PSW introduces Russian language dedicated helpline to facilitate Central Asian Trade
Islamabad, January 12, 2024 : In a strategic move towards advancing international trade facilitation, Pakistan Single Window (PSW) launched its dedicated Russian language helpline to benefit international transit trade with Central Asia. Introducing this helpline service addresses a crucial language barrier faced by traders particularly from Uzbekistan and Tajikistan using Pakistani ports as transit routes…