Monday, December 5

Day: October 5, 2022

FrieslandCampina Pakistan and WWF Partner to Regenerate the Environment

Business, English
Karachi, October 05, 2022 (PPI-OT):FrieslandCampina is partnering with the World Wide Fund for Nature (WWF-Pakistan) on a tree plantation initiative to increase local resilience to the impact of climate change and increase tree cover. The collaboration will focus on the plantation of indigenous trees to help combat pollution, deforestation, and urban flooding. Under the partnership, the FCEPL team planted mangrove saplings at the WWF Wetland Center in Karachi. Additionally, WWF held training for FCEPL’s employees to educate them on plantation techniques and post-care. Highlighting the partnership, Sania Sattar Head of Sustainability, FrieslandCampina Pakistan, stated: “Regeneration is a core pillar of FCEPL’s local sustainability strategy. There is a pressing need to address the ongoing ef...

Oil price cut will reduce inflation: Mian Zahid Hussain

Business, English
Karachi, October 05, 2022 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said differences between the main leaders of the federal government on important economic issues are affecting public confidence and the morale of the business community. Important leaders should sit down and resolve their differences through dialogue and not use public forums for disagreements as it sends negative signals, he said. Mian Zahid Hussain said that former finance minister Miftah Ismail saved the country from default by taking tough decisions, but due to inflation, the top leaders of his own party continued to criticize him, which led to conflic...

CDA Union assures to cooperate in resolving key issues of business community

Business, English
Islamabad, October 05, 2022 (PPI-OT):Ahsan Zafar Bakhtari, President, Islamabad Chamber of Commerce and Industry said that for better protection of the interests of the business community, sitting President ICCI should be made a member of CDA Borad. He said that till the nomination in CDA Board, President ICCI should be invited as an Observer to the meetings of CDA Board to take care of the issues of trade and industry. He said that most of the issues of the business community were related to CDA and CDA Union should help in addressing them to facilitate the growth of business activities. He assured that ICCI would support the protection of genuine rights of CDA employees. He said this while addressing a delegation of CDA Mazdoor Union that visited ICCI led by its Secretary General Ch. Muh...

Euro 5 billion exports to UK In-Sight: Irfan Iqbal Sheikh

Business, English
Karachi, October 05, 2022 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI, has said that Pakistan has the potential to enhance its exports to UK to £5 bn from the current £1.9 bn in FY22 within five years as a number of factors are in Pakistan’s favour; namely, but not limited to, huge South Asian diaspora in UK; competitively-priced products vis-a-vis UK; existing upward trend in bilateral trade surplus; upsurge in people-to-people, business-to-business and chamber-to-chamber linkages over the last many months, i.e. post-covid; increase in demand or inquiries for imports from Pakistan in various sectors, e.g. IT services; value-added textiles; leather products; sports goods; fruits and vegetables and gems, jewellery and artefacts. Mr. Moazzam Ahmed Khan, Pakistani High Commissioner in UK...

Next general elections to be held as per schedule: Khawaja Asif

ISLAMABAD: Defence Minister Khawaja Muhammad Asif on Wednesday said next general elections will be held as per schedule and the procedure with regard to the appointment of the Army Chief will be completed as per law and the Constitution. Talking to media in Islamabad on Wednesday, he said it is the discretion of the Prime Minister to pick any name forwarded by the Ministry of Defence. The Defence Minister said the armed forces are the defenders of Pakistan’s frontiers and security. He said they are not meant to safeguard the interests of an individual. Asif said we voted out Imran Khan from power through the no-confidence motion as per the democratic process. He said Imran Khan, through his lies, is continuously misleading the nation. He said audio leaks of Imran Khan had exposed his...

Six teams to compete at Gaddafi Stadium from Thursday

LAHORE: U19 cricket is set to get a major boost as the first-ever Pakistan Junior League commences at the headquarters of Pakistan Cricket, Lahore’s Gaddafi Stadium on Thursday evening (tomorrow). The one of its kind league will showcase not only Pakistan’s but some of the world’s best U19 talent in the 16-day long competition that includes six teams. Bahawalpur Royals, Gujranwala Giants, Gwadar Sharks, Hyderabad Hunters, Mardan Warriors and Rawalpindi Raiders will compete for the winners’ purse of PKR 10million and the impressive tournament trophy. The runners-up will be given PKR5million. The tournament will feature a total of 19 matches including the 21 October final with each of the six sides taking on each other once in the single-league round-robin format. Before the opening...