Chairman All Pakistan Textile Mills Association hails announcement of Zero Rated Regime for Textile Sector

Karachi, June 06, 2016 (PPI-OT):Mr. Tariq Saud, Chairman, All Pakistan Textile Mills Association (APTMA) hailed the Government specially the Finance Minister, Mr. Muhammad Ishaq Dar and Special Assistant to the Prime Minister on Revenue, Mr. Haroon Akhtar Khan for reinstating Zero Rated Regime for the Five Major Export Oriented Sectors including Textiles.
In a statement issued to the press, Chairman APTMA, Mr. Tariq Read More…

Pak-Qatar Takaful Group achieves net-profit of Rs. 84.7 million

Lahore, May 09, 2016 (PPI-OT):The Pak Qatar Takaful Group recently held its Board Meeting, to review the group’s performance and the strategy for the year 2016. Pak-Qatar Takaful Group, which comprises Pak-Qatar Family Takaful and Pak-Qatar General Takaful, has posted a net profit of Rs.84.7 million in 2015. At the same time, Participant Takaful Fund generated the net consolidated surplus of Rs.196 million.
The finRead More…

Prime Minister’s Special Assistant urges pharmaceutical industry to become part of global clinical trials’ effort for innovation

Karachi, May 05, 2016 (PPI-OT):Special Assistant to Prime Minister Dr. Musadik Malik has urged the pharmaceutical industry of the country to explore the option of Pakistan becoming a part of the global effort of running clinical trials for innovation in the field of medicines and health care research.
“In order to Pakistan move forward and in order to go to global place, you have to do strategic innovation, base scRead More…

PRGMEA central chairman Shaikh Mohammad Shafiq expresses concern over continuous decline in export

Karachi, May 02, 2016 (PPI-OT):Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) central chairman Shaikh Mohammad Shafiq, in a statement said that the government has set export target of $35 billion to be achieved during next three years through Strategic Trade Policy Framework (STPF) 2015-2018 and improvement in export competitiveness, on the other hand export is continue declining, and brRead More…

China Pakistan Economic Corridor’s momentum setting industrial cooperation fundamentals in place: Ahsan Iqbal

Islamabad, April 29, 2016 (PPI-OT):The Federal Minister for Planning Development and Reform Prof. Ahsan Iqbal has said that with the momentum of China Pakistan Economic Corridor a world of opportunities have opened up setting fundamentals of industrial cooperation between Pakistan and China, fast in place, says a Press Release received from Beijing here today.
Prof. Ahsan Iqbal was addressing a seminar on ‘IndustriRead More…

Lucky Cement records Rs9.61bn profit for nine months

Karachi, April 26, 2016 (PPI-OT):Lucky Cement Limited continued to lead the cement industry in terms of sales volumes and reported net profit of PKR 9.61 billion for the nine months ended March 31st, 2016 which is 3.3% higher than the same period last year. Consequently, the earnings per share (EPS) for the nine months increased to PKR 29.73 compared to PKR 28.77 reported during the same period last year.
The CompanyRead More…

Government is committed to further expanding and deepening mutually beneficial relationship between Pakistan and Italy: President

Islamabad, April 21, 2016 (PPI-OT):President Mamnoon Hussain has said that the Government is committed to further expanding and deepening mutually beneficial relationship between Pakistan and Italy especially in the economic and commercial spheres adding that Pakistan has recently announced a new automobile policy to diversify its automobile industry in which Italian car maker Fiat and motorcycle maker Piaggo may conRead More…

Pakistan Readymade Garments Manufacturers and Exporters Association condemn recent exorbitant increase in shares of contribution by Employees Old Age Benefit Institution

Karachi, March 31, 2016 (PPI-OT):Arshad Aziz, Acting Chairman (South Zone) Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in a statement he has strongly criticized and condemned the recent exorbitant increase in the shares of contribution by EOBI.
It is injustice that the EOBI has suddenly increased the EOBI shares of contribution with effect from 1st July 2012 to 1st July 2015. The miniRead More…

Pakistan Readymade Garments Manufacturers and Exporters Association condemn recent exorbitant increase in shares of contribution by Employees Old Age Benefit Institution

Karachi, March 31, 2016 (PPI-OT):Arshad Aziz, Acting Chairman (South Zone) Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in a statement he has strongly criticized and condemned the recent exorbitant increase in the shares of contribution by EOBI.
It is injustice that the EOBI has suddenly increased the EOBI shares of contribution with effect from 1st July 2012 to 1st July 2015. The miniRead More…

Siraj Teli urges Business and Industrial community to protest against Gas Infrastructure Development Cess Bill 2015

Karachi, May 21, 2015 (PPI-OT): Chairman Businessmen Group (BMG) and Former President of the Karachi Chamber of Commerce and Industry (KCCI), Siraj Kassam Teli, while strongly criticizing the passage of Gas Infrastructure Development Cess (GIDC) Bill 2015 by the Senate, urged the business and industrial community of Karachi, particularly the textile sector, to lead the protest and come out on streets against this antRead More…