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  • NEW YORK: Executive Chairman, World Economic Forum, Klaus Schwab calls on Prime Minister Shahid Khaqan Abbasi here yesterday.

  • KARACHI: Chairman Businessmen Group & Former President KCCI Siraj Kassam Teli and President KCCI Shamim Ahmed Firpo presenting KCCI’s crest to Chief Minister Sindh Syed Murad Ali Shah during his visit to Karachi Chamber of Commerce and Industry yesterday.

CPEC awaits investments from WEF: PM Abbasi

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CEO WB LAUDS PAK’S CONSTRUCTIVE ROLE IN INDUS WATER TREATY  NC Monitoring Desk NEW YORK: Executive Chairman World Economic Forum Klaus Schwab called on Prime Minister Shahid Khaqan Abbasi, yesterday. Schwab said that he was deeply impressed by recent developments in Pakistan’s economy. The recent transformation in Pakistan has given …

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FBR seeks banks’ support to boost filing of Income Tax returns

From Our Correspondent ISLAMABAD: A team of Federal Board of Revenue (FBR) Facilitation and Taxpayers Education (FATE) has started contacting country’s banks and financial institutions as part of an outreach programme to boost the filing of Income Tax returns. FBR had decided to work closely with the large multinationals and …

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‘Home remittances down by 3.1 percent’

URGES TAPPING NON TRADITIONAL CHANNELS FOR MONEY TRANSFER  By Commerce Reporter KARACHI : Home remittances have declined by 3.1 per cent in the fiscal year 2017. This decline is mainly due to economic slowdown in Middle East and post Brexit depreciation of British Pound said Deputy Governor of the State …

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Money transfers through legal channels stressed

By Commerce Reporter KARACHI: National Bank of Pakistan (NBP) has launched a campaign specifically designed to create awareness about the negative impacts of money transfer through illegal channels to Pakistan. This campaign was initiated by the launch of a short docudrama targeted towards Pakistani diaspora residing especially in UAE, Saudi …

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Senate rejects SBP concerns on amendment

PROTECTION OF ECONOMIC REFORMS ACT, 1992  From Our Correspondent ISLAMABAD: Senate Standing Committee on Finance Revenue and Economic Affairs yesterday rejected the concerns of the State Bank of Pakistan (SBP) on a Private Member Bill to amend the ‘Protection of Economic Reforms Act, 1992’. The Committee which met here with …

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$100mn worth MoUs signed at ITCN Asia 2017

By Commerce Reporter KARACHI: Numerous successful technology enterprises participating in the largest IT and Telecom event – ITCN Asia 2017, have taken this forum as an opportunity to sign agreements worth more than 100 Million US Dollars, for starting collaborative ventures by combining their expertise and creating innovative solutions for …

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Forex reserves decrease by $474mn

KARACHI: State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at US$20,099.7 million on 15September 2017.The break-up of the foreign reserves position is as under:- i) Foreign reserves held by the State Bank of Pakistan : US$ 14,283.6 million ii) Net …

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Colgate fined Rs10mn for false ad campaign

By Commerce Reporter KARACHI: The Competition Commission of Pakistan (CCP) has penalized Colgate-Palmolive Pakistan (Pvt) Ltd. by Rs 10 million for running a deceptive marketing campaign for one of its products, ‘Max All Purpose Cleaner’ (Max APC), in violation of Section 10 of the Competition Act, 2010. A bench comprising …

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7,750 MW added in National Grid NA told

From Our Correspondent ISLAMABAD: Minister of State for Power Chaudhry Abid Sher Ali yesterday informed the National Assembly that the present government had added 7,750 Megawatt additional electricity in the national transmission system so far. During the question-hour, he said the power generation capacity was continuously increasing and load-shedding duration …

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