Karachi, June 12, 2020: The federal government for the first time in the history has reduced budget estimates for the next fiscal year 2020-21 compared to estimates of last fiscal year (FY20) due to Coronavirus pandemic. According to budget documents available to thebizupdate.com, the total outlay of budget 2020-21 is estimated Rs 7,295 billion compare…
Karachi, June 08, 2020: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has recommended a 40 percent reduction in gas price earlier this week. After careful deliberation, he stated that the gas price in the current economic landscape of Pakistan with COVID situation and beyond is nothing less…
Pakistan must move towards rapid digitization for healthy economic growth: Ismail Suttar Karachi, May 17, 2020: Ismail Suttar, president Employers Federation of Pakistan (EFP) & chairman Economic Council Employers has lauded cut in policy rate and commended efforts by State Bank (SBP) of continuing to maintain credit flow and liquidity for manufacturers and SMEs as…
Karachi, May 13, 2020: Patron of SITE Association of Industry, Zubair Motiwala has appealed the Prime Minister of Pakistan Imran Khan to save the exporting industries in general and textile sector in particular from total collapse amid corona pandemic and subsequent severe economic crisis. In a press statement, Zubair Motiwala demanded Prime Minister Imran Khan…
Benefit of lowest oil price be passed on to consumers: Siraj Teli, Motiwala Karachi, May 08, 2020: Patron-in-Chief Siraj Kassam Teli, Patron Zubair Motiwala and President Suleman Chawla of SITE Association of Industry, in a press statement, have demanded the Prime Minister of Pakistan to order immediate cut of 30% in the tariff of K-Electric…