Karachi, November 28, 2024 – Miandad Rahoojo, Commissioner of the Sindh Employees Social Security Institution (SESSI), announced significant changes aimed at improving services for workers, particularly in the SITE area. Speaking during his visit to the SITE Association of Industry (SAI), Rahoojo detailed several key measures, including a revised mechanism for auditing registered units, an increase in the number of SESSI dispensaries, and plans to enhance healthcare facilities for workers.
(more…)Author: Shahnawaz Akhter
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FPCCI President Announces Rs 5 Billion Seed Fund for Air Karachi
Karachi, November 28, 2024 – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), announced an initial Rs 5 billion seed fund for the launch of a new airline, Air Karachi. This initiative, spearheaded by prominent business leaders, aims to revolutionize air travel in Pakistan.
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UAE Consul General Celebrates 53rd National Day at KCCI
Karachi, November 28, 2024 – The Consul General (CG) of the United Arab Emirates (UAE), Bakheet Ateeq Al Rumeithi, celebrated the 53rd National Day of the UAE at an event organized by the Karachi Chamber of Commerce & Industry (KCCI), emphasizing the deep-rooted friendship between the UAE and Pakistan.
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PSX Celebrates First Closing Above 100K in Stunning Turnaround
Karachi, November 28, 2024 – The Pakistan Stock Exchange (PSX) achieved a historic milestone on Thursday as the benchmark KSE-100 Index soared past the 100,000-point mark for the first time. This remarkable achievement came in the wake of earlier market turbulence caused by violent protests in Islamabad.
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SBP Directs Banks to Open Saturday for Hajj Application Collection
Karachi, November 28, 2024 – The State Bank of Pakistan (SBP) has announced that branches of designated banks will remain operational over the weekend to facilitate the submission of Hajj applications for 2025. This special arrangement, requested by the Ministry of Religious Affairs and Interfaith Harmony, ensures greater convenience for intending pilgrims.
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November Inflation Projected at 4.7%, Lowest Since April 2018
Inflation in Pakistan for November 2024 is projected to fall to 4.7% year-on-year (YoY), a significant drop from October’s 7.2%, according to analysts at Arif Habib Limited. This represents the lowest inflation rate since April 2018, when it stood at 3.96%.
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FBR Initiates Registration of 1.35 Million Potential Taxpayers
Islamabad – The Federal Board of Revenue (FBR) has embarked on an ambitious initiative to register 1.35 million potential taxpayers identified through third-party data analysis. The FBR has shared this data with Inland Revenue field formations, tasking them with further action to expand the tax base.
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Landmark Achievement: PSX Reaches 100,000 Points
Karachi, November 28, 2024 – The Pakistan Stock Exchange (PSX) hit a historic milestone, surpassing 100,000 points at the start of trading on Thursday.
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Private Sector Credit Offtake Reaches Rs 880 Billion This Year
Karachi, November 27, 2024 – Credit offtake by the private sector from Pakistan’s banking system witnessed a remarkable surge, reaching Rs 880 billion during the first four and a half months of the current fiscal year, spanning July 1 to November 15, according to data released by the State Bank of Pakistan (SBP).
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PSX Touches Peak of 99,269 Points with Largest Single-Day Gain
Karachi, November 27, 2024 – The Pakistan Stock Exchange (PSX) witnessed a historic recovery on Wednesday, as the benchmark KSE-100 Index surged by an unprecedented 4,695 points, closing at a record high of 99,269. This 4.96% gain marked the largest single-day rise in the PSX’s history, signaling a strong comeback after a day of significant turmoil.
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