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Editor n Cheif : Syed Asif Salahuddin
Editor: Tariq Sumair
 
Today's INP Latest English Business  News
 
ICCI asks Govt to settle circular debt immediately; Disruption in import of oil, LNG to damage economy
  ISLAMABAD, Mar 26 (INP) Government should immediately settle issue of circular debt otherwise it will leave PSO bankrupt disrupting import of oil and gas which will damage economy and reverse all the economic gains, a business leader said Sunday. full story
 
Great scope for growth of investments for Singapore companies in Pakistan.: High Commissioner
  SINGAPORE, Mar 24 (INP) “The economy of Pakistan has been growing steadily during the last several years. There is great scope for growth of investments for Singapore companies in Pakistan.” said Nasrullah Khan, Pakistan’s High Commissioner to Singapore, in an interview to the Strait Times.full story
 
PBIF demands steps to check increasing inflation hitting poor hard
  ISLAMABAD, Mar 24 (INP) President Pakistan Businessmen and Intellectuals Forum (PBIF), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain the prices of necessitates are skyrocketing which has made life of poor miserable.full story
 
Punjab PDWP approves two schemes worth Rs 6182.85 million
  LAHORE, Mar 24 (INP) The Punjab Provincial Development Working Party approved two development schemes of Energy & Literacy Sectors with an estimated cost of Rs. 6182.855 million. full story
 
PBIF asks Insurance companies to be ready to brace CPEC challenges; Micro-insurance sector needs urgent attention
  ISLAMABAD, Mar 20 (INP) President Pakistan Businessmen and Intellectuals Forum (PBIF), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain has said that insurance sector is set to grow as economy is picking up. Insurance companies should prepare to handle the opportunities and challenges arising out of game-changing project of China-Pakistan Economic Corridor (CPEC), he said. full story
 
Increased confidence resulting in enhanced bank loans: Business leader
  ISLAMABAD, Mar 18 (INP) Business community is getting more and more loans from the banks which reflects their increased confidence that also indicates economic development, a business leader said Saturday. The ratio of defaults has come down which has encouraged banks to lend more which is good omen for the economy, said Atif Ikram Sheikh, former president ICCI. full story
 
29-member Chinese delegation visits ICCI to explore JVs in Pakistan
  ISLAMABAD, March 17 (INP): A 29 member delegation of Chinese companies representing various provinces of China visited Islamabad Chamber of Commerce and Industry led by Mr. Yin Lin Bing, Secretary General, Worldwide Business Culture Exchange Centre. Mr. Wang Zihai, President, Pak-China Joint Chamber of Commerce and Industry also accompanied the delegation. full story
 
PBIF predicts Economic corridor to increase GDP three fold
  ISLAMABAD, Mar 17 (INP) President Pakistan Businessmen and Intellectuals Forum (PBIF), Senior Vice Chairman of the Businessmen Panel of FPCCI and former Provincial Minister Mian Zahid Hussain on Friday said national GDP will jump to fifteen percent after completion of economic corridor. full story
 
SECP accelerates action against defaulting brokers
  ISLAMABAD March 16 (INP): The Securities and Exchange Commission of Pakistan (SECP) has accelerated its efforts to curb the misconduct, market abuse and financial crimes of defaulting brokers of Pakistan Stock Exchange. full story
 
Gas companies plundering poor to benefit rich: PEW
  ISLAMABAD, Mar 15 (INP): The Pakistan Economy Watch (PEW) on Wednesday said gas companies are punishing masses with the help of Ogra by charging masses for the losses during gas distribution and theft. full story
 
Exporters feeling the heat of Pak-Afghan border closure: PBIF
  ISLAMABAD, March 15 (INP): 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 said terrorism cannot be defeated by closing Pak-Afghan border. Nfull story
 
Cross LoC trade, bus service suspended
  JAMMU, Mar 15 (INP): Indian authorities have suspended cross-border trade with Pakistan along the Line of Control (LoC) on Tuesday on allegations that Pakistan continued unprovoked ceasefire violation in the border district of Poonch. The firing severely damaged the Trade Facilitation Centre (TFC) at Chaka-da-Bagh, Indian officials said. full story
 
Indonesia, Pakistan PTA to include additional products
  JAKARTA, Mar 15 (INP): Indonesia and Pakistan will add more products to enjoy lower tariffs under the existing preferential trade agreement (PTA) between the two countries. full story
 
COAS lauded for reiterating security of CPEC
  ---Representatives of small traders say Army can foil the unholy designs of enemies of Pakistan ISLAMABAD, March 12 (INP): Islamabad Chamber of Small Traders on Sunday lauded Chief of the Army Staff Gen Qamar Javed Bajwa for assuring the nation that armed forces are ready to meet the security challenges to the CPEC projects. full story
 
SECP takes notice of statutory auditors of brokerage houses
  ISLAMABAD, March 10 (INP): In the wake of recent broker defaults, the SECP is critically reviewing the role of statutory auditors of brokerage houses. In this regards, the SECP has sought information from six auditors to assess the audit quality.full story
 
PBIF lauds Govt decision to upgrade ports
  ISLAMABAD, March 10 (INP): President Pakistan Businessmen and Intellectuals Forum (PBIF), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday lauded the decision of the government to upgrade existing ports which will accelerate the pace of development. Importers and exporters are facing problems due to congestion on the ports which is making trade costly, he said. full story
 
PACRA upgrades UIC’s rating to AA-: United Insurance to play its part in economic development: Chairman UIC
  ISLAMABAD, March 10 (INP): The Pakistan Credit Rating Agency (PACRA) has upgraded the IFS rating of The United Insurance Company of Pakistan Limited (UIC) to “AA-“(Double A Minus). The rating denotes very strong capacity to meet policyholder and contract obligations. Risk factors are Modest, and the impact of any adverse business and economic factors is expected to be very small. full story
 
Pakistan to welcome Alibaba Group for investment in country: Dar
  ISLAMABAD, March 03 (INP): Finance Minister, Senator Mohammad Ishaq Dar has said that Pakistan will extend warm welcome to Alibaba Group, the leading commerce for investment in the country. full story
 
Pak-US cooperation in trade, energy will be enhanced : Aizaz Chaudhry
  ISLAMABAD, Feb 25 (INP) Pakistan’s ambassador-designate to US Aizaz Chaudhry who is all set to leave for Washington shortly for the challenging assignment has said that improving Pakistan’s image and enhancing cooperation in trade, energy and security will be his top priorities. full story
 
Business Community supports holding PSL Final at Lahore: ICCI President
  ISLAMABAD, Feb 25 (INP) Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry has said that business community fully supported the hosting of Pakistan Super League (PSL) final in Lahore as holding of this mega event in Pakistan would help in growth of business activities apart from promoting the soft image of the country and improving the confidence of foreign investors.full story
 
 
 
 
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