Saturday, February 4

Day: January 12, 2023

Transparent mechanism for BISP amount disbursement being adopted: Senate told

ISLAMABAD: The Senate was informed on Friday that a mechanism is in place to ensure disbursement of amounts to the beneficiaries of Benazir Income Support Program (BISP) in a transparent manner. Minister of State for Law Shahadat Awan told the house during question hour that monitoring of payments at all levels is ensured to cater to the issues of illegal deductions. He said spot checks and surprise visits at disbursement points are made by Benazir Income Support Program Head Office and regional teams. He said the government has allocated a total budget of 364 billion rupees to Benazir Income Support Program for the current financial year. Responding to a supplementary question, the Minister of State for Law said an expenditure of 434.43 million rupees was incurred on the use of a he...

CHiQ Awarded International Accolades for Its Strong Brand Power

Press Release
ZHONGSHAN, China, Jan. 11, 2023 /PRNewswire/ — Changhong, a top Chinese electrical household appliance maker and its premium brand CHiQ have recently been named as one of the 2022-2023 Global TV Brands Top 10. The Global Top Brands is a world-class event of authority, professionalism, and credibility – the hall of honor in international consumer electronics. The roster of 2022-2023 Global Top Brands and a number of single product awards were announced at the 56th International Consumer Electronics Show (CES 2023), one of the top ten annual events for the global technology industry, which was held in Las Vegas from January 5 to 8. This year’s CES marks the beginning of a broad offline recovery. Changhong created the CHiQ brand for long-term growth in the home Internet c...

MNAs on Finance and Revenue Committee have visited FPCCI: Irfan Iqbal Sheikh

Business, English
Karachi, January 12, 2023 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised that the MNAs on the high-powered Standing Committee of National Assembly of Pakistan on Finance and Revenue have visited FPCCI for detailed consultations and setting a direction for the parliamentarians to influence the economic, monetary, fiscal, industrial, trade, taxation and social-sector policies in the broader national interest. While welcoming the high-profile delegation, Mr. Irfan Iqbal Sheikh said that the business, industry and trade community has been largely neglected by the lawmakers; and, more so, in the realm of economic policymaking for industrialization, import substitution and broadening of the tax-base. Mr. Irfan Iqbal Sheikh expressed his profound concerns that all the avenues that...

NEPRA Notifies Reduced FCA for November 2022

Business, English
Karachi, January 12, 2023 (PPI-OT):After due process, NEPRA issued its decision on K-Electric’s petition for reduced Fuel Charge Adjustments (FCA) for the month of November 2022. The approved reduction is at a rate of PKR 7.4307 per unit and will reflect in consumer bills for the month of January 2023. FCAs are approved by the regulator, NEPRA, after review who also specifies the month during which the charge is applied in consumer bills. FCA is dependent on the global prices of fuel and are passed on to consumer bills under the prescribed rules and regulations of NEPRA and the Government of Pakistan. The FCA for November is a reduced charge primarily due to a decrease in international fuel prices. The price of power purchased from CPPA-G decreased by 37% compared with the month of Septemb...

Cashbacks on Bills: K-Electric Partners with Savyour and Visa for Savings

Business, English
Karachi, January 12, 2023 (PPI-OT):Promoting a culture of bill payments through digital means, K-Electric (KE) has partnered with Visa, the world leader in digital payments, and Savyour – Pakistan’s only consumer’s reward platform to provide cashbacks to the customers on paying their KE bills. This is an industry first in the power sector where a company is offering discounts to all customers paying digitally via a debit or credit card. Savyour is Pakistan’s first and only cashback app and rewards platform featuring more than 500 brands across various categories while Visa is the world’s second largest payment gateway for digital transactions. The exclusive offer is available until 28th February to all KE customers with Visa debit and credit cards using the Savyour app. There is also...

Board of directors meeting of Archroma Pakistan Limited

Board Meetings, Company News, English
Karachi, Archroma Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 26, 2023 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December 31, 2022. Further, the company has declared the closed period from January 19, 2023 to January 26, 2023. Archroma Pakistan Limited is a limited liability company and is primarily engaged in the manufacture, import and sale of chemicals, dyestuffs and coating, adhesive and sealants. It also acts as an indenting agent. The company is a subsidiary of Archorma Textiles Gmbh, registered and having headquarter in Reinach, Switzerland. Archroma is a global, diversified provider of dyes and specialty chemicals serving the branded and performance ...