SBP intervention to stabilise the rupee remained futile

Islamabad, September 21, 2021 (PPI-OT):The Pakistan Economy Watch (PEW) on Saturday said the efforts of the State Bank of Pakistan (SBP) to stabilize the local currency has left much to be desired. The central bank has pumped $1.23 billion dollars in the market to stabilize the rupee but to no avail, as the local currency has depreciated by Rs12 in the current fiscal, it said.
Government should immediately ban the imRead More…

Rupee erosion to reverse economic gains: Mian Zahid Hussain

Islamabad, September 21, 2021 (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 Monday said government decision to hike gas tariff has resulted in sleepless nights for the business community.
The increased price of petroleum products, electricity and all other items weRead More…

First MicroFinanceBank Limited Collaborates with Adal Fintech on MSME Loan Approval System

Islamabad, September 20, 2021 (PPI-OT):The First MicroFinanceBank Limited and Adal Fintech signed an MoU to collaborate on merchant lending. Adal Fintech’s ground-breaking AI-based digital lending solutions are revolutionizing the lending infrastructure in the microfinance industry of Pakistan.
Their proprietary solution enables collaborating partners to digitize their entire loan approval and disbursement cycle. FRead More…

Chairman NEPRA Commends Graduation of KE’s First Women Certified Electricians Cohort

Karachi, September 17, 2021 (PPI-OT):On a visit to K-Electric, Chairman NEPRA Mr. Tauseef H. Farooqi presided over the graduation of Pakistan’s first cohort of certified women electricians. The ceremony was also attended by Mr. Rafique Ahmad Shaikh, Vice Chairman, Mr. Maqsood Anwar Khan, Member, and Ms. Huma Zafar, Consultant CSR from the Authority. This program, launched as a collaboration between K-Electric and HRead More…

Zameen.com Signs on as Sales and Marketing Partner for T Square in Gulberg Lahore

Lahore, September 17, 2021 (PPI-OT):Zameen.com, Pakistan’s largest property enterprise, recently acquired the sales and marketing rights for a vertical real estate project in Gulberg Lahore, called T Square. In this regard, a signing ceremony was held at Zameen.com’s head office featuring Zameen’s Senior Director Laeeque Chaudhry, Zameen Project Sales Directors Basil Hafeez, Hafiz Usman Sarwar, and Ali Rehan, ARead More…

Unemployment is on the rise, hike be reversed: Mian Zahid Hussain

Karachi, September 17, 2021 (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 Friday said record hike in petroleum prices is damaging masses and the economy therefore the decision should be reversed without any delay.
Exchange rate erosion coupled with the increased prRead More…

Indonesian Envoy asks Pakistan to focus on ASEAN for trade and exports promotion

Islamabad, September 17, 2021 (PPI-OT): H.E. Adam Mulawarman Tugio said that ASEAN was a huge market for Pakistan and emphasized that its business community should focus on promoting trade and exports with it to achieve lucrative outcomes for the economy. He said that China has bilateral trade of around USD 600 billion with ASEAN, but Pakistan’s bilateral trade with it was just USD 6 billion, which was not encouragRead More…

PTCL partners with Dell Technologies to bring Microsoft Azure Stack Services to Pakistan

Islamabad, September 16, 2021 (PPI-OT):Pakistan Telecommunication Company Limited (PTCL) is collaborating with Dell Technologies to introduce the industry-first Azure Cloud Computing Services in Pakistan. The latest service will help PTCL enterprise customers to leverage technology for reaching their full business potential.
The agreement was signed by Sayyed Muhammad Imran Ali, EVP, Digital Services, PTCL and NaveedRead More…

Prime Minister should reject petroleum price hike proposal: Mian Zahid Hussain

Karachi, September 15, 2021 (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 a thirty-two percent hike in the price of wheat provided to flour mills will unleash a new and damaging wave of inflation.
The government has announced to provide 40 kg of wheaRead More…

Thirty-two percent hike in wheat price to hurt masses

Islamabad, September 15, 2021 (PPI-OT):The Pakistan Economy Watch (PEW) on Wednesday said more than 32 percent increase in the issue price of wheat being provided to flour mills will result in inflation and hit masses. It demanded strict action against elements involved in delaying the import of wheat and sugar which resulted in a price hike.
Unnecessary delay in import of wheat and sugar has not only increased priceRead More…