China Proposes RMB Pilot Project at Gwadar Free Zone

on 05/09/2024

China Proposes RMB Internationalization Pilot in Gwadar to Boost Trade and Reduce Costs China has urged Pakistan to launch an RMB internationalization pilot project within the Gwadar Free Zone to facilitate trade settlements and reduce foreign exchange conversion costs and risks. This proposal was raised during the 7th meeting of the Joint Working Group (JWG) […]

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BF Biosciences Partners with Lucky Core Industries.

on 04/09/2024

BF Biosciences Limited (BFBL), a leading Pakistani pharmaceutical company, has signed a contract manufacturing and supply agreement with Lucky Core Industries Limited (LCI). The announcement was made by Ferozsons Laboratories Limited, BFBL’s parent company, in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, BFBL will manufacture and supply the […]

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APTMA Requests 400 Basis Points Interest Rate Cut from SBP’s MPC.

on 03/09/2024

The All Pakistan Textile Mills Association (APTMA) has formally requested the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) to reduce the interest rate by 400 basis points. APTMA argues that such a significant rate cut is essential for invigorating the textile sector, which is currently grappling with economic pressures and competitive […]

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Industry Appeals for Implementation of GST Relief Policy for Scrap Steel Sector.

on 03/09/2024

The scrap steel industry has made a formal appeal to the Federal Board of Revenue (FBR) to implement a long-awaited policy decision concerning Goods and Services Tax (GST) relief. Industry stakeholders are urging the FBR to put this policy into action to provide much-needed financial relief to the sector. The GST relief policy, which has […]

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Imran Maniar Resigns as CEO and Managing Director of Sui Southern Gas Company

on 03/09/2024

Imran Maniar has officially stepped down from his role as Chief Executive Officer (CEO) and Managing Director (MD) of Sui Southern Gas Company (SSGC). This decision brings to a close his period of leadership at the company. While the precise reasons for his resignation have not been disclosed, it represents a significant shift in the […]

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