Karachi, June 15, 2020: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has said that the federal budget 2020-21 lacks out-of-the-box solutions to jumpstart economy, cut down costs of manufacturers, create jobs and incentivize exporters amid reduction in business orders. In a Statement, he said that broader policies…
Karachi, June 12, 2020: Mian Anjum Nisar, President Federation of Pakistan Chambers of Commerce & Industry said that coronavirus (COVID-19) has severely affected the economy, businesses, industries and small traders. He was speaking in the seminar on post lockdown scenario of COVID-19 and effects of coronavirus pandemic on Pakistan’s economy via video link on zoom…
Karachi, June 11, 2020: The FY20(P) GDP growth is estimated at -0.38 percent vs. 1.91 percent last year. In a question to the Finance Minister, he answered that the disparity between the government and IFIs (IMF: -1.5 percent, WB: -2.6 percent) forecasts is due to fluidity of the situation at present. Agriculture sector recorded a…
Karachi, June 10, 2020: The latest update is that the coronavirus is spreading quite rapidly in Pakistan. An important global trend has been easing lockdowns rather than the previous flattening-the-curve theme. Yes, the country cannot afford a complete lockdown, but without strict controls, it could prove to be a twin disaster as both healthcare and…
Karachi, June 01, 2020: Mian Anjum Nisar President FPCCI and Mr. Sheikh Sultan Rehman Vice President FPCCI seeking feedback from Trade and Industry to find problems emerged out due to COVID-19. The FPCCI is trying to identify ways so that it would be able to support the business community effectively during the COVID-19 pandemic. In…