Business

Business woes ICCI demands release of refunds

Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Ahmed Waheed has called on the Federal Board of Revenue (FBR) to expedite the release of tax refunds in compliance with the commitment made by Prime Minister Imran Khan.“An undue...

Businessmen demand cut in policy rate

LAHORE:As the central bank is going to announce the monetary policy on January 28, the All Pakistan Business Forum (APBF) has demanded a considerable reduction in the key policy rate, taking it into single digit, with a view to...

Investing in Pakistan: what are the issues?

ISLAMABAD:In my last few weeks before I relocated from Malaysia to Pakistan, I spent several hours in conversations on prospects of investment by Malaysia in Pakistan, and for that matter, from any other destination.I spoke with government officials, businessmen,...

ECNEC Approves $6.806 Billion ML-1 Railway Project Under CPEC

The executive committee of the National Economic Council (ECNEC) on Wednesday approved the up-gradation of Pakistan Railways’ existing Mainline-1 (ML-1) and establishment of the dry port near Havelian at a rationalized cost of $6.806 billion on a cost-sharing basis...

India’s richest man takes on Zoom

India’s Reliance Jio Platforms, which recently concluded a $15.2 billion fundraise run, is ready to enter a new business: Video conferencing.On Thursday evening, the firm — backed by Mukesh Ambani, India’s richest man — formally launched JioMeet, its video-conference...

Pakistani freelancers to regain access to blocked funds on Payoneer cards

Users in Pakistan and abroad are expected to regain access to funds on Payoneer Prepaid Mastercard cards sometime today. UK’s Financial Conduct Authority (FCA) announced in a statement late Monday night that it had allowed German fintech Wirecard AG’s...

Millions of dollars belonging to Pakistani freelancers stuck indefinitely amid Wirecard fraud

LAHORE/KARACHI:Thousands of Payoneer users in Pakistan are expected to lose access to money in their prepaid cards with the company owing to the fallout from a devastating scandal that hit German fintech firm Wirecard AG.Payoneer is a global payments...

Coca-Cola pauses advertising on all social media platforms globally

Key PointsCoca-Cola on Friday announced it will be pausing advertising on all social media platforms globally.The company clarified it was not joining the official boycott, but said “we are pausing” advertising.Dockers and Levi’s also announced late Friday they will...

Nonprofits by Google added 10 more countries including Pakistan, now cover 67 countries in general

Nonprofit organizations have told Google that they need digital equipment so that they could maintain productivity and raise awareness. Google has now accumulated 10 more countries on the list of nonprofits. Countries like Ukraine, Pakistan, Tanzania, Malta, Cyprus, and...

Amazon registered over 30 Pakistani sellers on their platform

Pakistan is currently going through the process of registering the e-sellers with Amazon. By far over 30 sellers have been registered with the e-commerce giant. The registered sellers are intended to sell sports, surgical, and household goods. It is...

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Fatima Fertilizer and Multan Sultans partner for PSL 2021

Fatima Fertilizer Company Limited (FFL) has partnered up with Multan Sultans for the sixth edition of Pakistan Super League...
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