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Day: October 8, 2020

Telenor Pakistan Collaborates with Directorate of Science and Technology, KPK to Digitally Empower 500 Female Entrepreneurs

Business
Islamabad, October 08, 2020 (PPI-OT): Staying true to its commitment of empowering societies and contributing to the country’s socio-economic uplift, Telenor Pakistan is fulfilling its pledge under World Bank’s Girls Learn Women Earn (GLWE) programme by expanding its reach to empower the underserved female entrepreneurs of Khyber Pakhtunkhwa. This initiative is being taken in collaboration with Creative Innovative Unit (CIU), a platform established by Directorate of Science and Technology (DoST) KPK. The ceremony was held at CIU’s office in Peshawar, where an MoU was signed between Telenor Pakistan and Creative Innovation Unit. Madiha Parvez, Head of Corporate Innovation and Digital Education, Telenor Pakistan and Bilal Jabbar, Project Director, CIU signed on behalf of the two organisation...

PCDMA demands FBR chairman to allow 2percent income tax on raw materials

Business
Karachi, October 08, 2020 (PPI-OT): Mirza Nadeem Baig, Chairman Pakistan Chemicals and Dyes Merchants’ Association (PCDMA), has expressed grave concern over non-implementation of the FBR budget anomalies committee’s decision to allow commercial importers to pay 2pc income tax on imported raw materials and demanded FBR chairman to immediate implementation of the recommendations of the anomalies committee and include the raw materials of chemicals and dyes in part2 instead of part3, so that commercial importers can be saved from serious financial losses. In an appeal to FBR chairman, Mirza Nadeem Baig said that in the federal budget 2020-21, many raw materials of chemicals and dyes have been included in part 2 (raw material) to part 3 i.e. finished goods and the income tax rate has gon...

Tauqeer Ul Haq elected as new Chairman of Pakistan Pharmaceutical Manufacturers’ Association

Business
Karachi, October 08, 2020 (PPI-OT): Tauqeer Ul Haq has been elected as the new Chairman of Pakistan Pharmaceutical Manufacturers’ Association for the term 2020-21. Tauqeer Ul Haq is Karachi based Managing Director of a pharmaceutical company. Rawalpindi-based Arshad Mehmood, who also represents the North Zone of the association, has been elected as the new senior vice-chairman of the PPMA for the upcoming term. Lahore-based Mian Khalid Misbah UR Rehman has been elected as the vice-chairman of the PPMA. New members of the Central Executive Committee of the PPMA from the South Zone are Taimur Usman, Saboor Ahmed, Shamim Ahmed, Ehsan Naseer Awan, Muhammad Abdullah, Asad Notta, Javed Ghulam Muhammad, Najeeb UR Rehman, Naveed Nawazish Ali Hakim, Jalal Uddin Zafar, Nadar Hassan Khan, Nusrat Muns...

Demand to resolve megacity’s issues

Business
Karachi, October 08, 2020 (PPI-OT): Mian Anjum Nisar, President FPCCI has demanded urgent solution for the problem of urban flooding and water shortage in Karachi. Speaking at a dinner reception hosted by Obaid Saleem Patel, Convener FPCCI Standing Committee on “Urban Development and Saleem Qasam Patel, CEO M/s. Basic Const Group, President FPCCI said that in recent years, Karachi city has been facing severe problems due to heavy rains in monsoon season as there are serious issues with the drainage system in Karachi. More to that, irregular and inefficient supply has created extreme water shortage in the biggest city of the country which needs to be resolved on priority basis. The dinner reception was attended by H.E. Tolga Ucak, Consul General of Turkey in Pakistan, Sheikh Sultan Rehman V...

ICCI urges CDA to streamline approval process of commercial building plans

Business
Islamabad, October 08, 2020 (PPI-OT): Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce and Industry said that delay in the approval of commercial buildings plans by CDA leads to the losses of millions of rupees due to cost escalation and urged that the civic body should streamline this lengthy process to save investors from unnecessary losses. He said this while addressing a delegation of Islamabad Estate Agents Association that visited ICCI led by its President Sardar Tahir Mehmood. Sardar Yasir Ilyas Khan said that almost 95 per cent of the issues of traders and industrialists in the federal capital were related to the CDA and he would work closely with it for their redress. He said that markets and industrial areas needed urgent attention of the CDA for better developme...

MCBAH Assigned Highest Asset Manager Rating by PACRA

Business
Lahore, October 08, 2020 (PPI-OT): MCB Arif Habib Savings and Investments Limited (MCBAH), an Asset Management Company, has achieved the highest asset manager rating of AM1, which bespeaks its excellent management and quality standards in the industry. This is a huge recognition for MCBAH which has a track record of nearly 20 years of delivering excellent services to its clients. The rating reflects the company’s positioning as one of the leading players in the AMC industry, supported by a strong control environment, structured Investment processes, a good governance framework, and a qualified management team. MCBAH has now crossed the mark of PKR 120 billion in Assets Under Management and it remains one of the fastest-growing Asset Manager in the local industry. Last year MCBAH recorded ~...