Category: Business

Business news from Pakistan

Steps underway for better telecom services: Dr. Umar Saif

APP59-210923 ISLAMABAD: September 21 - Caretaker Federal Minister for IT and Telecommunication Dr. Umar Saif in a meeting with CEO Jazz Aamir Ibrahim. APP

ISLAMABAD, Sep 21 (APP): Caretaker Federal Minister for IT and Telecommunication Dr Umar Saif said that steps are underway for the provision of better telecom services in the country. The 5G spectrum auction is going to be held in the next few months Dr Umar Saif said this while talking to Aamir Ibrahim,  CEO Jazz,… Continue reading Steps underway for better telecom services: Dr. Umar Saif

Minister for facilitating efficient,  transparent Privatization of SOEs

ISLAMABAD, Sep 21 (APP):Caretaker Minister for Privatization Fawad Hassan Fawad on Thursday reaffirmed the commitment to facilitate efficient and transparent privatization of state-owned entities in order to turn them profit making entities. The minister was briefed by the Financial Advisor appointed by the Privatization Commission in 2020 to oversee the Pakistan Steel Mills transaction, said… Continue reading Minister for facilitating efficient,  transparent Privatization of SOEs

PRA assures to highlight business community issues in parliament

ISLAMABAD, Sep 21 (APP):President Islamabad Chamber of Commerce and Industry (ICCI) Ahsan Zafar Bakhtawari on Thursday said that Pakistan needs business-friendly and long-term economic policies to wriggle out of the current crisis and promote business and investment activities. He was addressing a luncheon hosted by ICCI in honour of the newly elected Parliamentary Reporters Association… Continue reading PRA assures to highlight business community issues in parliament

PSX turns around, gains 312 points

ISLAMABAD, Sep 21 (APP):The 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday and gained 312.55 points, showing a positive change of 0.68 per cent, closing at 46,202.13 points against 45,889.58 points the previous day. A total of 172,158,686 shares valuing Rs.5.345 billion were traded during the day as compared to 129,372,427 shares… Continue reading PSX turns around, gains 312 points

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Japan keen to develop trade ties with Pakistan: Ambassador Mitsuhiro

SIALKOT, Sep 21 (APP):Ambassador of Japan to Pakistan Mitsuhiro Wada has said that his country is keen to boost trade ties and enhance trade volume with Pakistan. He said this while addressing a meeting of Sialkot exporters held at Sialkot Chamber of Commerce and Industry (SCCI) here on Thursday. The meeting was attended by SCCI… Continue reading Japan keen to develop trade ties with Pakistan: Ambassador Mitsuhiro

Inefficient SOEs inflict Rs500 bln loss to national kitty in 2022: Finance Minister

ISLAMABAD, Sep 21 (APP):Owing to inefficiencies and mismanagement, the deficient State-Owned Enterprises (SOEs) incurred overall losses of around Rs500 billion to the national exchequer during last year (2022), Caretaker Federal Minister for Finance, Revenue, Economic Affairs, Dr Shamshad Akhtar said on Thursday. Addressing a press conference, the minister said there were also profit-making enterprises, which… Continue reading Inefficient SOEs inflict Rs500 bln loss to national kitty in 2022: Finance Minister

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