Karachi, November 15, 2023 – Brig. (R) Haris Nawaz, Sindh Caretaker Minister for Home & Prisons Department, announced on Tuesday that the Karachi Safe City Project is slated to become operational by January 2024, providing a significant boost to the city’s efforts to combat street crimes and enhance public safety.
(more…)Category: Trade & Industry
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SECP Unveils Ambitious Five-Year Plan to Propel Insurance Sector Premium to Rs 1.22 Trillion
Islamabad, November 14, 2023 – The Securities and Exchange Commission of Pakistan (SECP) is set to embark on an ambitious journey to elevate the premium of the insurance sector by approximately 130 percent, targeting a substantial increase from the existing Rs 533 billion to Rs 1.22 trillion within the next five years, concluding by fiscal year 2028.
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SITE Karachi Industries Protest Soaring Gas Tariff, Fear Closure and Job Losses
Karachi, November 13, 2023 – The SITE Association of Industry (SAI) in Karachi has vehemently opposed the significant surge in gas tariffs, citing the adverse impact it is having on the industrial sector.
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FPCCI Estimates Up to Rs20 per Liter Decrease in Petroleum Prices in Pakistan
Karachi, November 13, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has projected that the country could witness a reduction of up to Rs 20 per liter in petroleum prices starting from November 16.
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UAE Real Estate Conglomerate Announces $25 Billion Investment in Pakistan
Karachi, November 10, 2023 – A consortium of real estate companies from the United Arab Emirates (UAE) has expressed its intent to invest a staggering $25 billion in Pakistan’s construction industry.
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Foreign Investors Raise Concerns About Pakistan’s Energy Sector
Islamabad – Foreign investors of Overseas Investors Chamber of Commerce and Industry (OICCI) operating in Pakistan have brought to the forefront critical issues regarding the energy sector in the country.
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Deputy Speaker of New York State Assembly Phil Ramos Visits Pakistan, Meets Business Community
Karachi, November 8, 2023 – In a significant step to strengthen economic ties between New York and Pakistan, Deputy Speaker of the New York State Assembly Phil Ramos paid a visit to Pakistan and met with the business community to explore potential areas of cooperation.
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Salt Manufacturers Seek Equal Access to FASTER for Refund Claims
Karachi, November 3, 2023 – The Salt Manufacturers Association of Pakistan (SMAP) has made a compelling appeal to the Federal Board of Revenue (FBR), urging the processing of refund claims through the FASTER (Fully Automated Sales Tax E-Refund) system for all exporters, highlighting a pressing issue that affects numerous members within the industry.
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APTMA Issues Dire Warning: Unprecedented Gas Tariff Hike Threatens Pakistan’s Textile Exports
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Pakistan Requires $340 Billion to Tackle Climate Challenges, Says Finance Minister
Karachi, November 1, 2022 – Pakistan Finance Minister, Dr. Shamshad Akhtar, has emphasized the need for a substantial investment of approximately $340 billion to address the country’s climate challenges.
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