Pakistan Observer - Busines News

Business & Finance

IFC to invest in bulk terminal

Amanullah Khan

Karachi—The Investment Agreement for the construction of Pakistan’s first mechanized multipurpose non-food dry bulk cargo Terminal at Port Qasim was signed between Pakistan International Bulk Terminal Limited (PIBT) and International Finance Corporation (IFC), a member of the World Bank Group here today..

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Nawaz addresses PML-N Overseas Business & Professional Forum

Salim Ahmed

Lahore—Former Prime Minister and President PMLN Muhammad Nawaz Sharif addressed a huge gathering of Pakistani professionals and businessmen and encouraged them to play a more active role for the development and progress of the country. He was speaking at the PML-N Overseas Business & Professional Forum which was organized Javed Malik Special Advisor to Nawaz Sharif on International Affairs.

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Law & order affecting the image of the country

Amanullah Khan

Karachi—Karachi Chamber of Commerce & Industry (KCCI) President, Mian Abrar Ahmad while expressing deep concern over prevailing bad law and order situation in Karachi has demanded immediate intervention by the President of Pakistan, Prime Minister, Governor and Chief Minister Sindh, Director General Rangers and Inspector General Police Sindh with concrete safety and security measures ensuring effective implementation and bringing persistent results to provide safety and security to the business and industrial community of Karachi.

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Chinese urged to explore opportunities in infrastructure, telecommunications

Staff Reporter

Karachi—Haji Fazal Kadir Khan Sherani, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has invited Chinese investors to explore further opportunities for investment and joint ventures in telecommunications, and the upgradation and expansion of infrastructure in Pakistan. He was speaking during a session on “Innovative Ideas for Trade and Investment,” being held as part of the 7th China South Asia Business Forum in Kunming, China, which an 80-member FPCCI delegation, constituting prominent businessmen from across the country, is currently attending.

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‘FORI TICKET’ PIA launches marketing campaign

Amanullah Khan

Karachi—PIA has launched an aggressive marketing campaign “FORI TICKET” In collaboration with Tameer Microfinance Bank & telenor Easy Paisa to enhance its market share in the air traffic. Chairman & CEO PIA, Air Chief Marshal, Rao Qamar Suleman (Retired) inaugurated the a 2-Day Marketing Conference today which is being participated by PIA Station Heads, Cargo Managers and members of the Sales and Marketing Teams working throughout the country and abroad.

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Govt to promote bio-technology for food security: Jatoi

Staff Reporter

Islamabad—Government is committed to promoting bio-technology for crop productivity enhancement and food security in the country, said State Minister for National Food Security and Research, Sardar Moazzam Ali Jatoi here Thursday. “The government has established bio-technology departments, at more than 90 percent universities to create awareness and utility of modern bio-technological crops among the youth in the country,” he added. He was addressing the concluding session of a three-day SAARC Regional Conference titled “New Frontiers in Agricultural Genomic and Biotechnology.”

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FBR moving towards single digit sales tax: Chairman FBR

Staff Reporter

Karachi—The Federal Board of Revenue has taken cognizance of disparity in rates of sales tax and is moving towards introducing single digit sales tax; however, it would be achieved by gradual reduction in tax rates in a piecemeal manner, said Mumtaz Haider Rizvi, Chairman FBR while addressing Post Budget Seminar organised by Southern Regional Committee (SRC) of Institute of Chartered Accountants of Pakistan (ICAP) at DHA Golf & Country Club, Karachi.

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ICCI calls for urgent measures to resolve CNG crisis

Staff Reporter

Islamabad—Islamabad Chamber of Commerce & Industry (ICCI) has called upon the Government to take urgent measures to resolve CNG crisis and save economy from further troubles. Yassar Sakhi Butt, President Islamabad Chamber of Commerce and Industry, made these remarks during a meeting with representatives of CNG Association. He criticized the government’s failure to manage the ongoing gas crisis, terming it disastrous for the country’s industry.

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