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    Swiss Investor to Open A Chain of Luxury Hotels in Pakistan

    Swiss International Hotels & Resorts is mulling to open a chain of its luxury hotels in different cities of Khyber Pakhtunkhwa (KP). The President and CEO of Swiss International Hotels & Resorts, Henri (Hans) WR Kennedie informed this to Chief Minister KP Mahmood Khan during a meeting on Friday. During the meeting, Henri told CM […] More

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    All Commercial Properties on Military Lands Should be Destroyed: SC

    The Supreme Court (SC) has directed to end all commercial activities from Pakistan Army’s land in Karachi. In a directive, the top court has ordered to raze all the marriage halls set up on Karachi’s Shahra-e-Faisal and Rashid Minhas Road. It also ordered to remove the plazas, cinemas, and other commercial structures erected in the […] More

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    Cherat Cement Company Boosts Expansion Capacity to 4.5 Million Tons Per Year

    Cherat Cement Company Limited (CCCL) has successfully installed and commissioned the third line of Cement Manufacturing. The company notified it has successfully completed the project before the schedule time. The manufacturing facility will be having a production capacity of 6,700 tons per day of clinker, along with Waste Heat Recovery Plant at its existing location […] More

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    FBR Catches Private School Involved in Massive Tax Evasion

    A team of Inland Revenue, a special unit of the Federal Board of Revenue (FBR), raided a leading private school in Karachi and unearthed massive tax evasion. The raid was made on a tip-off in Karachi’s area of Gulistan-e-Johar on Thursday. During the raid, tax officials found that the owner of the school had been […] More

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    Denmark Planning to Invest in Pakistan Govt’s Renewable Energy Projects

    Federal Minister for Power, Omar Ayub Khan, has welcomed Danish investors for their firm commitment to participate in the bidding process for Renewable Energy projects which the present government was planning in 3rd or 4th quarter of the current year after approval of the Renewable Energy Policy. The Minister for Power received a delegation of […] More

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    Meezan Bank is Offering Exclusive Deals for KIA Lucky Motors

    Meezan Bank plans to promote KIA Lucky Motors’ cars through its Sharia-based auto finance products. In this regard, it has signed a Memorandum of Understanding with KIA Lucky Motors Pakistan Ltd – a collaboration between KIA Motors Corporation, South Korea and the Yunus Brothers Group, Pakistan, formed to start vehicle assembly/manufacturing operations in Pakistan. Under […] More

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    Govt’s Mini Budget Aims to Revitalize the Banking Sector

    The present government is aiming to introduce reforms in the banking sector through finance supplementary bill to enhance the economic contribution of the sector in the economy on a sustainable basis. The government suggested the imposition of tax on banks while removal of taxes on a section of banking customers, and the introduction of new […] More

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    UN Projects Pakistan’s Economic Growth to Slow Down

    According to the latest UN report on the World Economic Situation, Pakistan’s economic growth is projected to slow down markedly in 2019 and 2020 to below 4.0%, after an estimated expansion of 5.4% in 2018. The report released by the United Nations Department of Economic and Social Affairs said that Pakistan’s economy is facing severe […] More

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    Germany Keen to Invest in Pakistan’s SME’s

    Germany is keen to improve its trade and investment ties with Pakistan, primarily in the area of small and medium-sized enterprises (SMEs). During the visit to the Pakistan Stock Exchange on Wednesday, German Consul General Eugen Wollfarth said: We see growing interest from the SMEs and this is a vast domain where trade and bilateral […] More

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