Commerce

Dar for improving ease of doing business in country

ISLAMABAD (Sarzameen News) – Federal Finance Minister, Senator Ishaq Dar emphasized the importance of further improving the ease of doing business in the country. He was chairing a meeting on matters related to Finance Division in Islamabad, said a statement issued here on Wednesday. The Finance Secretary, Dr. Waqar Masood Khan, briefed the Finance Minister

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Govt taking structured policy actions to promote Islamic Banking: Dar

ISLAMABAD (Sarzameen News) – Finance Minister Senator Mohammad Ishaq Dar said that the government is taking structured policy actions to promote Islamic Banking in Pakistan. In this connection, the Finance Ministry has issued Notifications constituting four sub-Committees for promotion and facilitation of Islamic Banking in the country. Terms of Reference of the sub committees were also

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Govt allows Hub Power Company to start 330 MW power plant in Thar

THAR (Sarzameen News) – The Private Infrastructure Board on Tuesday has permitted Hub Power Company to start a coal power project of 330 megawatts in Thar. As per company release, this project will start producing electricity by the end of 2018. According to experts, it seems that the government’s announcement of eradicating load shedding by

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Dar for facilitating export oriented sectors to promote external trade

ISLAMABAD (APP) – Finance Minister Senator Mohammad Ishaq Dar Saturday stressed the need for making best possible resource management country and provision of maximum facilities to the export oriented sectors to enhance trade from the country. He was talking to Governor State Bank of Pakistan (SBP), Ashraf Mehmood Wathra, who called on the minister here.

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Tokyo stocks open higher with exporters rising on weak yen

TOKYO (AFP) – Tokyo stocks opened higher on Monday, with exporters rising on a weak yen as energy issues gained on a weekend deal to cut oil production by non-OPEC states. The benchmark Nikkei 225 index, which ended last week at a fresh high for the year, added 0.92 percent, or 175.05 points, to 19,171.42

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Non-OPEC oil states agree to cuts in ‘historic’ deal

VIENNA (AFP) – Eleven countries agreed on Saturday to cut their oil output, teaming up with the OPEC cartel in an exceptional bid to end the world s glut of crude and reverse a dramatic fall in income. Russia and 10 other non-OPEC states will reduce their production by more than half a million barrels per

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CM Sindh opens work on 100 MGD water supply project

KARACHI (Sarzameen News) – Chief Minister Sindh Murad Ali Shah on Saturday laid the foundation stone for a water supply pumping project in Karachi. The project will supply 100 MGD water to Karachi, which will be brought from Keenjhar Lake in Thatta district. The project will be completed within two and a half years with

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Etihad Airways wins top Airbus A380 Accolade

KARACHI (Sarzameen News) – Airbus, manufacturer of the A380 aircraft, has presented Etihad Airways, the national airline of the United Arab Emirates, with the award for ‘Top Operational Excellence’ for A380 operations in 2015-2016. The Etihad Airways A380 fleet recorded a remarkable 99.63 per cent operational reliability between January 2015 and October 2016, the highest

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E-commerce expected to reach $1 billion by 2020 in Pakistan: Dastagir

GENEVA (Sarzameen News) – Minister for Commerce Khurran Dastgir Khan Friday said e-commerce in Pakistan was expected to reach $1 billion by 2020. “Our legislature is working hard to update the rules and regulations governing digital trade”, he said while inaugurating a Seminar on “Ecommerce for Development” in Geneva. Pakistan organized the seminar on “e- Commerce

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UBL Funds launches UBL Capital Protected Fund-III

ISLAMABAD (Sarzameen News) – UBL Fund Managers Limited (UBL Funds) on Friday announced the launch of UBL Capital Protected Fund-III. This open-end capital protected scheme offers an ideal investment opportunity for those wanting to earn competitive returns on their investments while remaining protected from erosion of initial investment amount. UBL Capital Protected Fund-III (UCPF-III) offers

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