Business

Interest rate hike to bring a new wave of inflation

F.P. Report KARACHI: Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, MianZahidHussain on Wednesday said the country is in grip of uncertainty and fears after the annual budget which is taking a toll on the weak economy. The political situation is not calm, stock market and industries are worried and…

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PC wins Environmental Excellence Award

F.P. Report KARACHI: Pakistan Cables won the 16th Environmental Excellence Award at the annual award ceremony organized by the National Forum of Environment and Health (NFEH) in Karachi. The 16th Annual Environment Excellence Awards recognize initiatives taken by organizations for the conserving the environment and health. Mr. HasanIrfaan, Director Operations Supply Chain received the award…

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PTCL Group posts Double Digit Growth in Operating & Net Profits

F.P. Report ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the six months period ended June 30, 2019 at its Board of Directors’ meeting held in Islamabad on July 17, 2019. Despite tough economic conditions, PTCL Group’s financial performance has shown marked improvement…

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US signals to mediate SK-Japan trade dispute

Monitoring Desk ANKARA: A top US diplomat Wednesday said that Washington will do “what it can” to resolve trade war between its two close allies South Kora and Japan. “The US places a great priority on strengthening relations between our country and our two close allies between the RoK and Japan. The truth is no…

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European stock markets edge higher, pound slumps

Monitoring Desk LONDON: European stock markets edged higher on Tuesday, while the pound hit the lowest level versus the dollar in more than two years on Brexit deadlock. Wall Street provided another record-breaking lead for stocks, as an expected Fed interest rate cut continues to fuel optimism, while top Chinese and US negotiators plan to…

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CAA slashes luggage wrapping rates up to 87%

F.P. Report KARACHI: In compliance with the directives of Prime Minister Imran Khan to provide maximum facilities to passengers, Secretary Aviation/DGCAA ShahrukhNusrat has taken another step beneficial to air travellers. The plastic wrapping rates for all sizes of bags of air passengers has been reduced from 75 to 87 per cent with immediate effect. The…

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Indus Motor donates Rs20m to PM’s dams fund

F.P. Report KARACHI: As part of its commitment to help build Diamer-Bhasha and Mohmand Dams, Toyota Indus Motor Company presented another cheque of Rs 20 million to Prime Minister Imran Khan. In Oct’18, IMC pledged an amount of RS 100 million to release in five years for the construction of the dam, whereas this was…

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Grand Eidi campaign user wins car

F.P. Report KARACHI: Easypaisa, Pakistan’s first digital lifestyle enabler, handed over a new car to Maqsood Ahmed, the winner of its ‘Grand Eidi Campaign’. The keys of his new Honda City car were presented to him by Aslam Hayat, Acting CEO, Telenor Microfinance Bank. Sharing his joy at the handing over ceremony, Maqsood Ahmed, winner…

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