Friday, January 27
Shadow

Business

Pakistan-Afghanistan future belongs with each other: PAJCCI Delegation from Kandahar resolved

Business, English
Karachi, January 25, 2023 (PPI-OT):PAJCCI held stakeholders meeting at Chaman Border; most active trading border in Baluchistan. The meeting was attended by large number of business community members of both sides, Government officials consisting of Shah Faisal, Additional Collector Customs. Akmal Durrani, Deputy Director, Directorate of Transit Trade Quetta, Col. Asad; General Manager NLC, Representative of National Bank, FIA, Custom Enforcement and Appraisement and PRAL. Afghan delegation was led by Haji Abdul Ahad Siddiqui; Board Member Kandahar Chamber of Commerce and Industry and was received by Muhammad Ghani; VP PAJCCI who headed the Pakistan side. Ghani informed the forum about continuous efforts of PAJCCI and its Chairman, Zubair Motiwala and Co-Chairman, Khan Jan Alokozai; and re...

Elite should also swallow bitter pill of IMF strict conditions

Business, English
Islamabad, January 25, 2023 (PPI-OT):The Pakistan Economy Watch (PEW) on Wednesday said accepting strict conditions of the IMF is the only option available to Pakistan. Instead of making the public a scapegoat, this bitter pill of IMF conditions should also be fed to the elite, it said. All the unnecessary government expenditure and all privileges of the ruling classes should be abolished so that the people get a few sighs of relief, said Mohammad Aslam Khan, Chairman of PEW. He said that the elites have completely hijacked the country’s system, due to which Pakistan has been entering from one crisis to another. Now the plunder of the elite has increased to such an extent that the country’s integrity is in danger, he added. Aslam Khan observed that not a single ruler of Pakista...

Ambassador of the USA to Pakistan visits Sialkot Chamber of Commerce and Industry for meeting with members of the Sialkot Chamber

Business, English
Sialkot, January 25, 2023 (PPI-OT):On January 24, 2023, His Excellency Donald Blome, Ambassador of the USA to Pakistan visited the Sialkot Chamber of Commerce and Industry for a meeting with members of the Sialkot Chamber. The Ambassador was warmly received by Mr. Abdul Ghafoor Malik, President Chamber along with other officials. While addressing to the house President SCCI, mentioned that both the United States of America and Pakistan were celebrating 75 years of bilateral partnership. Mr. Malik emphasized on the areas of mutual interest including but not limited to enhanced trading linkages, women empowerment, green environment and sustainable production. Mr. Abdul Ghafoor Malik further mentioned that the United States of America could extend its cooperation, expertise, technological sup...

ICCI for fostering women entrepreneurs to accelerate economic growth

Business, English
Islamabad, January 25, 2023 (PPI-OT):Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) said that women are almost half of the total population and government should make conducive policies to enhance their role in the economic activities that would pave way for their empowerment and accelerate the economic growth of the country. He said this while talking to a delegation of women entrepreneurs during their visit to ICCI. Beenish Iftikhar Qadri Founder President Hyderabad Women Chamber of Commerce and Industry, Rizwana Asif President Islamabad Women Chamber of Commerce and Industry, Samina Fazil Founder President, Naima Ansari former President IWCCI and others were in the delegation. Ahsan Zafar Bakhtawari said that women have reserve seats in the parliame...

SMEDA urged to set up value addition bureau in co-ordination with TDAP

Business, English
Karachi, January 25, 2023 (PPI-OT):The Union of Small and Medium Enterprises (UNISAME) has invited the attention of Farhan Aziz Khawaja the new CEO of the Small and Medium Enterprises Development Authority (SMEDA) to the urgent need of setting up a value addition bureau in co-ordination with the Trade Development Authority of Pakistan (TDAP) to increase the exports of value added items. President UNISAME Zulfikar Thaver said SMEDA is fortunate to have an experienced CEO who has spent sufficient time as the Managing Director of the Punjab Small Industries Corporation (PSIC) and knows the worth of value addition. UNISAME chief said Farhan Khawaja has been entrusted with big responsibilities for promotion and development of the majority SME sector at this crucial times when many SME units are...

U Microfinance Bank, Pathfinder Group Partner to Extend Digital Financial Services across Pakistan

Business, English
Islamabad, January 25, 2023 (PPI-OT):U Microfinance Bank (U Bank) and Pathfinder Group have entered into a strategic collaboration to utilize organizational strengths to offer digital financial services and other banking-related services to customers. The signing ceremony took place at the Pakistan Pavilion, held on the sidelines of World Economic Forum 2023 in Davos – Switzerland, where the Memorandum of Understanding (MoU) was signed by Kabeer Naqvi, President and CEO – U Microfinance Bank and Zarrar Sehgal, Chairman – Pathfinder Group, in the presence of Ikram Sehgal, Co-Chairman – Pathfinder Group, and other senior management members from both the organizations. Speaking at the occasion, Kabeer Naqvi, President and CEO – U Microfinance Bank, stated, “As a ...