Economy
SMBs record impressive expansion through social media
Karachi, August 30, 2019: Small and medium-sized businesses (SMBs) play an undeniable role in Pakistan’s economic growth. Often starting as family businesses or partnerships with friends, they have grown to be flexible and dynamic business models taking technological innovations in stride with their own expansions. Research has shown that in emerging economies, SMBs’ contribution to…
Pakistan Market GIDC ordinance issued
Karachi, August 29, 2019: In a much awaited development, the Govt. has issued ordinance of Gas Infrastructure Development Cess (GIDC), wherein the Govt. has waived 50 percent of outstanding amount for fertilizer sector, captive power plants, KESC/GENCOs, and IPPs sector. History of GIDC can be traced back to 2011 when the Govt. imposed additional Cess…
Six-week drought ends with historic high weekly return
Karachi, August 24, 2019: The KSE100 Index at Pakistan Stock Exchange sharply bounced back during the last week with a positive weekly return after a long six-week bloodbath. Participation in the index also increased with volumes witnessing a drastic surge compared to recent trends. The index closed at 31,350 points, rising 2585 points WoW (9…
Dawlance expands its production capacity for export-quality electronics
Karachi, August 23, 2019: Dawlance, being Pakistan’s market leader in home appliances, with a vision to expand its exports business from Pakistan has now inaugurated two new production lines – one for manufacturing automatic washing machines and one for manufacturing water dispensers. The products manufactured in these modern lines will also be exported to other…
FPCCI urged Abdul Hafeez Shaikh to fulfil his commitments
Karachi, August 20, 2019: Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the Advisor to the Prime Minister on Finance & Revenue, Dr. Abdul Hafeez Shaikh to fulfil his commitments made, from time to time. Particularly in the Finance Act, 2019 and release export sectors’…