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Floods losses reach $30bn, external debt needs restructuring: FPCCI Chief
Karachi: Irfan Iqbal Sheikh President FPCCI apprised that all bilateral and multilateral external debts of Pakistan need immediate restructuring on soft terms as total economic cost of unprecedented floods in Pakistan has surpassed $ 30 billion. He...
Sindh starts releasing wheat quota to flour mills
KARACHI: Sindh government has started releasing wheat quota to flour mills across province in a bid to stablise flour prices. According to details, Sindh government would release 56,000 metric tonnes of wheat quota to flour mills till September 30....
Prolonged load shedding in SITE halts industrial production: SAI Chief
KARACHI: Abdul Rasheed President Site Association of Industry (SAI) expressing concerns over 8 hours’ load shedding from 12:00a.m at night to 8:00a.m in morning in SITE area on daily basis said that load shedding is bound to have adverse impact...
SBP shortcomings in opening of LCs: EFP Chief
KARACHI: Employer’s Federation of Pakistan (EFP) has received several complaints from member associations and members of business community in relation to banks not opening LCs for machinery and industrial materials being imported for ind...
FPCCI lauds QCCI’s flood relief drive, assures support
Karachi: Irfan Iqbal Sheikh President FPCCI has applauded Quetta Chamber of Commerce and Industry (QCCI)’ flood relief campaign aimed at providing emergency sustenance and assistance to flood affectees of historically unprecedented floods in Ba...
PSMA highlights soap industry contribution to national economy
Karachi: Chairman of Pakistan Soap Manufacturers Association Shahzad Paracha thanked Consul General Republic of Indonesia Dr. June Kuncoro Hadiningrat and Rasheed Jan Muhammad Chairman PEORA and number of PSMA members across country for attending Ann...
Pmdc hammering last nail in industry’s coffin: A surge in salt price
KARACHI: Ismail Suttar Chairman Salt Manufacturers Association of Pakistan (SMAP) urged PMDC not to deviate from its main statutory function of exploration, development, preservation and production of salt mines. Ismail said SMAP being standard beare...
Pakistan should integrate with $20tr SCO economy: FPCCI President
KARACHI: President FPCCI Irfan Iqbal Sheikh has emphasised that Pakistan should aggressively promote its trade, investment and economic ties with SCO nations noting formidable bloc has a cumulative gross domestic product (GDP) of $ 20 trillion. Repr...
Petrol price likely to slide down by Rs9.62/litre
KARACHI: Price of mogas is likely to drop from Rs 235.98 per litre to Rs 226.36 after a cut of Rs 9,62 per litre on September 16 for next fortnight. However, a slight increase of Rs 3.04 per litre is expected in price of diesel, taking rate up from R...
HBL employees to retire at age 65 from now onwards
KARACHI: Habib Bank Limited (HBL) announced that it has raised the staff service age for its employees from 60 years to 65 years. The policy comes into effect from 1 September 2022, making employees who turned 60 on or after this date eligible, the b...
