Browsing: Business

Pakistan’s Himalayan pink salt, showcased at CIIE, comes from extensive salt deposits, including the world-famous Khewra Salt Mine. Pakistan aims to safeguard its salt’s origin through Geographical Indication, while its exports to China have shown growth, albeit with a slight decline in the first half of this year.

Meezan Apni Bike Financing offers flexibility with 1, 2, or 3-year terms, enabling customers to buy motorcycles from popular brands. Customers in major Pakistani cities can make payments through direct debit, and the financing follows Shariah-compliant Musawammah mode, with strict document requirements based on employment status.

The Pakistan Stock Exchange’s KSE-100 index achieved an “all-time high,” surpassing 53,000 points with a 1 percent gain, signaling improved market confidence. Analysts expect reduced economic and political uncertainties to continue driving the market upward, although valuations remain relatively low when considering dividends and bonuses.

General elections in the country have been set for February 8th next year following discussions between the President and the Chief Election Commissioner, in compliance with a Supreme Court directive. The meeting also assessed the progress of election preparations and delimitation by the Election Commission of Pakistan.

Mobilink Bank reports significant growth in Q3 2023, demonstrating its commitment to supporting MSMEs and delivering innovative solutions. As part of the VEON group, the bank contributes to digital inclusion and economic growth across multiple countries.

The FBR surpassed its revenue goal, collecting Rs2.75 trillion in July-October, but faces a challenge as millions of individuals and companies failed to file their annual tax returns. The FBR is now taking steps to register one million non-filers and send notices to those who paid withholding taxes but didn’t file their returns.

The government has increased profit rates for Regular Income Certificates, Savings Accounts, and Short Term Savings Certificates by up to 100 basis points, while rates for Special Savings Certificates, Behbood Savings Certificates, and Pensioners Benefit Account have been lowered. Defense Saving Certificates, however, remain unaffected.

Pakistan’s national elections are confirmed for February 11, 2024, as revealed by the Election Commission during a Supreme Court hearing addressing concerns about election delays. The date will be finalized after consultations with the president, following the completion of the delimitation process by November 30.

Foodpanda has been honored with three Dragons of Asia Awards, including the prestigious Black Dragon for its exceptional Pau-Pau launch campaign. This recognition, a first for any foodpanda entity in the Asia-Pacific region, highlights the company’s dedication to innovation and excellence in the food delivery and e-commerce sector.

In response to the Pakistani Rupee’s recent recovery against the US Dollar, the Oil and Gas Regulatory Authority (OGRA) has decreased the price of Liquefied Petroleum Gas (LPG) by Rs. 9.95 per kg for November. This translates to a 3.8 percent reduction in the cost of an 11.8 kg domestic LPG cylinder, benefiting consumers.