Karachi, 20 june, 2020: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has advised the government to consider importing oxygen cylinders from China to meet the escalating demand for Oxygen gas cylinders in the country amid Corona outbreak. He says that Pakistan has capacity but some shameful lot are…
Karachi, May 30, 2020: The Searle Company Limited has successfully entered into an exclusive licensing & marketing agreement with Beximco Pharmaceuticals, Bangladesh. Searle is the first and only pharmaceutical company in Pakistan to source the generic version of Remdesivir for the treatment of Covid-19 through the Patient Access Program. Remdesivir is a direct acting broad-spectrum…
Karachi, February 15, 2020: During a speech at the Pakistan Energy Reform conference in Islamabad today the CEO of Engro Elengy Terminal Ltd (EETL) Jahangir Piracha announced the signature of heads of agreement (HOA) with Excelerate and with Shell for the expansion of the Elengy Terminal in Port Qasim. The EETL terminal is a joint…
Karachi, December 12, 2019: State Bank of Pakistan (SBP) has allowed banks to make advance payment up to 50 percent of the value of imports against letter of credit for manufacturing concerns. Using this facility, manufacturing concerns will be able to import plant, machinery, spare parts and raw material etc. making payment in advance Earlier…
Karachi, September 27, 2019: Dr. Amanulla Kassim Machiyara, Chairman (Elect) APTMA has urged the Government to immediately withdraw the Regulatory Duty @ 3 percent. Additional Custom Duty @ 2 percent and Sales Tax @ 5 percent levied on the import of raw cotton so as to enable the textile industry to meet its requirements and…