Formula not applicable in Pakistan, many countries faced huge losses: Mian Zahid Hussain

Karachi, October 22, 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 the disadvantages of devaluing the rupee are more than advantages as it is hitting the entire population and stoking poverty.
The policy of devaluing local currency can start a currRead More…

IMF repeating mistakes from the global financial crisis

Islamabad, October 22, 2021 (PPI-OT):The Pakistan Economy Watch (PEW) on Friday said why local currency is shedding value if the economy is sound and relations with international institutions are cordial. Why are the top officials deceiving the people by telling them the benefits of devaluation of the rupee, it said. Managing the troubled economy is no longer just a matter of the IMF as one billion dollars cannot resRead More…

KCCI assures to take up all issues of Jodia Bazaar traders with relevant quarters

Karachi, October 22, 2021 (PPI-OT):Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Idrees, after listening to the hardships being faced by traders of Jodia Bazaar, assured that the Karachi Chamber will take up all issues being faced by the traders/ shopkeepers of Jodia Bazaar with relevant quarters and will try its best to get them amicably resolRead More…

New Dutch Economic Counsellor, Islamabad visits the OICCI

Karachi, October 22, 2021 (PPI-OT):The Economic First Secretary of the of the Kingdom of the Netherlands, Mr. Paul Ederer, accompanied by Hammad Raza, Economic Affairs, Karachi Trade Officer, visited OICCI on October 20, 2021, for a courtesy call and to get the Chamber’s outlook on the current business environment in Pakistan. The newly appointed Economic First Secretary was welcomed by M. Abdul Aleem, Secretary GeRead More…

ICCI starts tree plantation drive to contribute for clean and green Pakistan

Islamabad, October 22, 2021 (PPI-OT):Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce and Industry has kicked off a tree plantation drive by planting a Moringa sapling in Sihala Flour Mill, Industrial Area, Islamabad to support the PM’s vision of promoting clean and green Pakistan. Muhammad Faheem Khan Vice President ICCI, Mian Akram Farid Chairman Founder Group, Tariq Sadiq, Mian Shaukat Masud, AbdRead More…

Masses burning in hell of inflation

Islamabad, October 21, 2021 (PPI-OT):Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Thursday warned that avoiding reforms is keeping energy irreparable that can bankrupt the country. Despite the insistence of international institutions and the business community critical reforms in the energy sector are being avoided which is hurting the masses and the business communRead More…

ICCI and NCSW to work together for economic empowerment of women

Islamabad, October 21, 2021 (PPI-OT):Nilofar Bakhtiar, Chairperson, National Commission on the Status of Women (NCSW) said that lot of work is to be done to bring women in the mainstream of economy and added that NCSW in collaboration with ICCI would work for economic empowerment of women so that they could play more effective role in developing the economy. She said that ICCI would be given representation in the EcoRead More…

Best Corporate and Sustainability Report Award 2016

Karachi, October 21, 2021 (PPI-OT):Pakistan State Oil (PSO), the nation’s largest energy company was awarded third position in the Fuel and Energy Sector of Best Corporate and Sustainability Awards jointly held by ICAP and ICMAP.
For more information, contact:
Executive-Corporate Communications
Pakistan State Oil (PSO)
PSO House, Khayaban-e-Iqbal, Clifton,
P. O. Box 3983, Karachi 75600, Pakistan
UAN: +92-21-111Read More…

Best Corporate and Sustainability Report Award 2017

Karachi, October 21, 2021 (PPI-OT):Pakistan State Oil (PSO), the nation’s largest energy company was awarded third position in the Fuel and Energy Sector of Best Corporate and Sustainability Awards jointly held by ICAP and ICMAP.
For more information, contact:
Executive-Corporate Communications
Pakistan State Oil (PSO)
PSO House, Khayaban-e-Iqbal, Clifton,
P. O. Box 3983, Karachi 75600, Pakistan
UAN: +92-21-111Read More…

Shell Pakistan posts profit after tax of Rs296 million

Karachi, October 21, 2021 (PPI-OT):The Board of Directors of Shell Pakistan Limited (SPL) announced the third quarter results for the company on Thursday and posted a profit after tax of Rs296 million compared to the profit of Rs1,812 million made in the same period last year.
The nine months of 2021 saw a significant recovery compared to a very tough last year. The encouraging turnaround is mainly driven by improvedRead More…