Commerce

Demonetization of old design banknotes

ISLAMABAD (Sarzameen News) – As per Federal Government’s Gazette Notification dated 4th June, 2015, the old design banknotes will cease to be legal tender with effect from 1st December 2016. Therefore, it has now been decided to phase out all remaining old design banknotes of Rs 10, 50, 100 & 1000. The Rs 5 banknote

Read More

President for strengthening global cotton economy

ISLAMABAD (Sarzameen News) – President Mamnoon Hussain has emphasized that cotton growing countries should collectively address the issues and problems related to cotton industry and strengthen global cotton economy. The President said this while addressing the delegates of 75th Plenary Meeting of International Cotton Advisory Committee (ICAC) at the Aiwan-e-Sadr, Islamabad on Tuesday. Minister for

Read More

Pakistan a major player on world cotton scene: ICAC Chief

ISLAMABAD (Web Desk) – Pakistan is a major player on the world cotton scene, said the Executive Director of International Cotton Advisory Committee (ICAC) Jose Sethi. “The long history and importance of cotton in Pakistan make it a natural choice to host the ICAC’s Plenary meeting.Fittingly ,Pakistan took steps to become a member of ICAC

Read More

KCCI demands immediate release of seized cargo containers

KARACHI (Sarzameen News) – President of the Karachi Chamber of Commerce and Industry (KCCI) Shamim Ahmed Firpo, while expressing deep concern over seizure of huge number of containers laden with import and export consignments in Punjab and Khyber Pakhtunkhwa provinces, urged the government to immediately release all these containers in order to save the business

Read More

Competent human resource capital plays pivotal role in country’s development: Anusha

ISLAMABAD (Monitoring Desk) – Minister of state for IT and Telecom, Anusha Rehman on Monday stated that, “Competent and trained human resource capital plays pivotal role in national and economic development of the country.” She stated this while chairing the 48th Board of Directors meeting of National ICT R&D fund Company in Islamabad. “It is

Read More

World acknowledging Pakistan’s economic progress, says Dar

ISLAMABAD (Sarzameen News) – Federal Minister for Finance, Senator Ishaq Dar on Monday said that, “The world is acknowledging Pakistan’s economic development.” Addressing the Conference of International Cotton Advisory Committee in Islamabad, Dar said that, “The economic growth rate has increased due to improvement in the agricultural sector of the country.” He also said, “Pakistan’s

Read More

Govt asked to take note of India’s industrial terrorism

ISLAMABAD (Monitoring Desk) – President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Monday asked the government to take note of India’s industrial terrorism as she is bent upon destroying our textile sector, the backbone of economy. India

Read More

SECP proposes amendments to Companies (Registration Offices) Regulations, 2003

ISLAMABAD (Monitoring Desk) – The Securities and Exchange Commission of Pakistan (SECP) on Monday proposed necessary amendments to the Companies (Registration Offices) Regulations, 2003. The draft notification was published in the official gazette to obtain comments within 14 days from the date of its issue. The said notification was also placed on the SECP’s website

Read More

Pakistan stocks cautious ahead of PTI’s planned protest

KARACHI (Sarzameen News) – Pakistan Stock Exchange on first session of new week took a breather after heavy onslaught of last five sessions as some fresh investment poured in from domestic financial institutions, mutual funds and some overseas investors. The Pakistan Stock Exchange (PSX) 100-index commenced on a cautious note but slowly showed some recovery

Read More

OGRA recommends hike in prices of petroleum products

ISLAMABAD(Sarzameen News)   Oil and Gas Regulatory Authority (OGRA) in a summary on Saturday recommended to the government hike in the prices of petroleum products. OGRA sources said that The regulatory body in a summary to the petroleum ministry has proposed per litre increase in petroleum price by Rs. 2.29 and kerosene price by Rs.

Read More