Pak Suzuki reports Rs. 1.53 billion loss
Pakistan Suzuki Motor Company has reported a loss of 1.53 billion rupees in the first half on 2019 amid troubling times for the automotive industry in Pakistan.
North Shore Medical Labs USA to invest US$ 40 mln in Pakistan’s healthcare
The North Shore had invested US$ 10 million on the project, which was underwritten by the US government.
Chinese company Timesaco to invest $20 million in Pakistan
Chinese company, Timesaco intends to provide five special services in sectors including transportation, cargo, bank transaction and advertising.
FBR Mandates Buyers to show CNIC on purchases over PKR 50,000
FBR issued a sales tax notification mandating the buyers to show their Computer National Identity Card (CNIC) on purchases over PKR 50,000 from a sales tax registered person.
Pakistan’s Cement Industry exports Increased
The cement exports from the country were recorded at $271.726 million during July-June (2018-19) as against the exports of $ 222.841 million during July-June (2017-18) showing growth of 21.94 percent.
SBP data shows Growth in Pakistan’s Textile Industry
The textile group exports from the country during July-June (2018-19) were recorded at US $13553.153 million against the export of US $ 13376.780 million.
Pakistani Banks asked to collect details of Benami accounts
the Chairman of the board, Syed Mohammad Shabbar Zaidi wrote to the heads of all banks, asking them to collect the details under the Benami Transaction (Prohibition) Act 2017.
OGRA provides Rs107 million relief to complainants
The authority received 7,082 complaints, out of which it decided 5,909 and granted gas connections to 635 complainants besides provided Rs106.93 million relief to consumers by removing their grievances, according to OGRA’s Annual Performance Report 2018-19.
Pakistan’s rice export grew by 1.6%
The Rice exports od Pakistan during preceding financial year witnessed about 1.6% growth as compared the exports of the corresponding period of last year.
Pakistan’s exports expected to increase: IMF
The International Monetary Fund (IMF) has projected that Pakistan’s exports will increase to US $ 36.7 billion in five years by the year 2023-24.
