Commerce

K-Electric claims 100pc power supply to Karachi industries

KARACHI (Sarzameen News) – K-Electric on Friday claimed that 61per cent area of the metropolitan city is load-shedding free, while all the industries are getting uninterrupted power supply. In a statement posted on Facebook, the K-Electric said that it has invested over $1.2 billion in its commitment to serve Karachi, and added 1037 MW in

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Cotton to be prime contributor in Pak economy

ISLAMABAD (Sarzameen News) – The International Cotton Advisory Committee, 75th Plenary Meeting continued for the fifth day at Islamabad. The first session of the day having topic “the role of public sector in the cotton industry” was chaired by Mr. Abid Javed, Secretary, Ministry of Food Security and Research. Aamer Shahzad made presentation on Pakistan’s

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Pakistan’s reserves decrease by US$ 138 mln

KARACHI (Sarzameen News) – The total liquid foreign reserves held by Pakistan have decreased by US$ 138 million to US$ 24,189 million. The decrease in reserves was due to external debt servicing and other official payments, the State Bank of Pakistan (SBP) said on Thursday. The amount of foreign reserves held by the SBP is

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Chief Commissioner LTU assures to resolve issues of business community

ISLAMABAD (Sarzameen News) – Naushad Ali Khan, Chief Commissioner, Large Taxpayers Unit, Islamabad said that his focus was to bridge the communication gap and develop trust between taxpayers and tax collectors as it was the right approach to improve tax revenue of the country. He said this while talking to a delegation of Islamabad Chamber

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Govt lauded for introducing quality diesel

ISLAMABAD (Sarzameen News) – 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 Wednesday lauded the decision of the government to introduce quality diesel in the market. Pakistan State Oil PSO), the state-run retailer, has been directed to

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APTMA reiterates removal of 4% duty on cotton import

ISLAMABAD (Sarzamen News) – Senior Vice Chairman of All Pakistan Textile Mills Association, Zahid Mazhar has said that, “News appeared in section of print media quoting the press conference by the Federal Minister for Food, Security & Research, Sikandar Hayat Bosan that the government has turned down the recommendation of APTMA to waive 4% custom

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SBP to borrow Rs1.6 trillion from commercial banks to plug fiscal deficit

KARACHI (Sarzameen News) – The State Bank of Pakistan (SBP) on Wednesday planned to borrow as much as Rs 1.6 trillion from commercial banks in next three months to plug fiscal deficit. The SBP through its email envisaged a plan to borrow from commercial banks through the sale of treasury bills and Pakistan Investment Bonds.

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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

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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

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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

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