Industry – Business Observer

25 November Will Be Celebrated as Pakistan Strategy Day Across the World: WEF

Industry
| Nov 24, 2020

In a move to acknowledge Prime Minister Imran Khan’s successful policies against COVID-19, the World Economic Forum (WEF) has announced to celebrate ‘Pakistan Strategy Day’ on November 25. According to details, WEF made the announcement after Pakistan became a country least affected by the pandemic in terms of economy. Pakistan suffered the lowest economic setback…
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Pakistani Rupee Makes A Huge Recovery Against the US Dollar in a Single Day

Industry
| Nov 24, 2020

Pakistani Rupee has shown a reverse movement once again, gaining almost one rupee against the US Dollar. PKR closed at Rs. 160.08 on Tuesday (November 24) against the USD as compared to 161.04 on Monday in the interbank market, gaining 96 paisas. PKR has been losing against the USD for several days. However, today the…
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SSGC And APTMA to Discuss Gas Tariff Increase in a Meeting With OGRA

Industry
| Nov 23, 2020

The Sui Southern Gas Company Limited (SSGC) wants to increase the gas tariff from Rs. 78.95 per MMBTU to Rs. 822.25 per MMBTU for the financial year 2020-2021, a national daily reported. The Oil & Gas Regulatory Authority (OGRA) will hold a meeting today (Monday) in this regard amidst strong criticism from the All Pakistan…
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Pakistan improves rank on border index due to implementation of TFA: Hafeez

Industry
| Nov 23, 2020

Advisor to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh has said that the World Trade Organization’s Trade Facilitation Agreement implementation level of Pakistan has reached 79% this month from 34% in June 2018. In a tweet, he said that it is greater than India, Bangladesh and average of all WTO countries. The Advior…
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ICCI lauds CDA for starting development work in markets

Industry
| Nov 22, 2020

Islamabad Chamber of Commerce and Industry (ICCI) lauds Capital Development Authority (CDA) for initiating development work in several markets of Islamabad. President ICCI, Sardar Yasir Ilyas Khan, leading a delegation visited F-6 Markaz and congratulated the newly elected office bearers of Traders Welfare Association, Super Market, Islamabad. Speaking at the occasion, Sardar Yasir Ilyas Khan…
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Rice Exports Fall By 21.19% YoY in July-October FY21

Industry
| Nov 21, 2020

According to data released by the Pakistan Bureau of Statistics (PBS), approximately 838,770 metric tons of rice worth $499.485 million was exported during the first four months of the current financial year as compared to the exports of 1,176,228 metric tons worth $633.797 million in the corresponding period last year. This data showed that Pakistan’s…
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International Transit Starts at Gwadar With The First Fish Cargo

Industry
| Nov 21, 2020

Under the directions of the Prime Minister of Pakistan to kick start operations at the Gwadar Port, the Federal Board of Revenue (FBR) has taken the initiative which resulted in the arrival of the first fish carrier containing 200 tons of fish from international waters at Gwadar. The fish will be shipped to China in…
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PIA to Undergo Financial Restructuring as Airline’s Revenue Increases

Industry
| Nov 20, 2020

Financial restructuring of Pakistan International Airlines (PIA) is well on the way and would be finalized soon, Business Recorder reported on Friday, quoting PIA CEO, Air Marshal Arshad Malik. He said that the PIA’s revenue has increased, and the previous two months (September and October) have seen positive gross earnings. Furthermore, he remarked that the efforts made…
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