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KARACHI: Alipay, the China-based third party mobile and online payments platform, will start operations in Pakistan by the end of this year, according to Irfan Wahab Khan, the Telenor chief executive officer. Khan is also a board member of the Telenor Microfinance Bank in which Ant Financial, the parent company...
ISLAMABAD - The Businessmen Panel (BMP) a leading think tank group in the Chambers of Commerce suggested the new government that special measures must be announced for Overseas Pakistanis in order to facilitate their investment in Pakistan and protect their rights in the country as it would increase country's foreign...
LAHORE: The price of Liquefied Petroleum Gas (LPG) was increased unjustifiably for the third time in just four days, alleged Irfan Khokhar, Chairman LPG Distributors Association here Tuesday. In a statement, he said, poor LPG consumers are on receiving end due to persistent increase in price of cooking and auto-fuel....
LAHORE: South Korean auto manufacturer, KIA Motors, in collaboration with its local partner Yunus Brothers Group – Lucky Cement, has launched Grand Carnival in Pakistan.KIA recently inked an agreement with Yunus Brother’s group to re-launch KIA brand under ‘KIA Lucky Motors’ in Pakistan, following the lucrative incentives offered by...
Pakistan’s ceramic tile industry continues to struggle in the face of rising energy prices, high tax rates, extremely low Import Trade Price (ITP) of imported tiles from China and elsewhere, and increased inflow of smuggled tiles from Iran. The low ITP values and unchecked smuggling have helped the foreign porcelain...
ISLAMABAD: Amid concerns expressed by the Financial Action Task Force (FATF) over violations of the counter-terrorism financing regime committed by the country’s financial institutions, Pakistan faces a challenge to effectively regulate telecom companies that are conducting transactions worth billions of rupees every month through mobile wallet accounts. Some telecom companies...
LAHORE - The Punjab caretaker government on Tuesday approved Rs. 693 billion Budget for the period of four months. This budget is under the Article 126 of the Constitution of the Islamic Republic of Pakistan. The Constitution authorises the Caretaker Cabinet to approve expenditure for up to the four months...
Pakistan Tehreek-e-Insaf (PTI) plans to launch the Digital Transformation Initiative Programme for digital infrastructure, citizen services and other e-government services to boost Information Technology (IT) sector and significantly enhance its precious foreign exchange contribution to the national kitty. The party intends to provide maximum facility to people through digitalization of...
Lahore: Regal Automobile Industries Limited is Pakistan’s third largest bike assembling company. The plant is equipped with most modern technology; where Light Commercial Vehicles and Vans are made. This plant in Lahore with the investment of Rs.10 Billion has started production in June 2018. Sohail Usman Chairman of Regal Automobile...
KARACHI:  Cargill, the US-based company with global outreach, which is operating for over three decades in Pakistan, is expanding its footprint in the country by diversifying operations mainly into port infrastructure, a top official of the company told The Express Tribune. The company has announced an investment of $200 million over...

Opinion

imf

IMF package

There are reports that an agreement with the IMF to support Pakistan with a ‘bailout package’ in the range of $6 to $8 billion...