| 2020 | January

  • European Commission clears Alstom’s acquisition of Bombardier Transportation

    MONTRÉAL, July 31, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) and Alstom welcome the European Commission’s decision for conditional clearance of the proposed acquisition of Bombardier Transportation by Alstom. The Commission’s approval for the transaction is conditional on certain proposed engagements that consist of: A transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO very […]

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  • RCCI organizing country’s first Virtual Expo next month: Saboor Malik

    A delegation of Rawalpindi Chamber of Commerce and Industry (RCCI) led by its President Saboor Malik met Punjab Minister for Industries and Commerce Mian Aslam Iqbal in Lahore. They discussed smart lockdown and issued being faced by the industry during the meeting. The President RCCI said that the Chamber is organizing the country’s first Virtual…

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  • Economic activities in full swing at Gwadar Port

    Chairman CPEC Authority and Special Assistant to Prime Minister on Information and broadcasting Asim Saleem Bajwa has said that economic activities are underway at Gwadar Port. In a tweet on Friday, he said that ship carrying 17000 tons DAP arrived on the port and 60% of these goods are being transported to Afghanistan on 550…

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  • Madison Realty Capital Hires Brian Chase as Chief Operating Officer

    Accomplished operations executive becomes first COO in private equity firm’s history Madison Realty Capital Hires Brian Chase as Chief Operating Officer NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) — Madison Realty Capital (MRC) announced it has appointed Brian Chase as its new Chief Operating Officer (COO), to support the firm’s operations and core business functions, […]

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  • Economic Outlook Remains Uncertain in Pakistan: SBP

    The COVID-19 pandemic not only ruined the economic gains of the country in the last financial year but it wreaked havoc on the business and economic environment of Pakistan registering a negative GDP growth for the first time in seven decades. These challenges continue to pose a serious threat to the economy with a high…

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  • Pakistan Received $10.62 Billion Foreign Loans During FY-2019-20

    The country received $10.662 billion external inflows from multiple sources in the fiscal year 2019-20 against the budgeted estimates of $12.958 billion for the entire fiscal year which is 82 percent of the amount. It does not include $2.826 billion received from International Monetary Fund (IMF), including $1.44 billion under the Extended Fund Facility (EFF)…

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  • FCCI demands Govt to preferably allow businessmen to reopen their businesses

    Faisalabad Chamber of Commerce and Industry (FCCI) demanded the government to preferably allow businessmen to reopen their businesses with minimum turnover of customers on priority basis. Addressing a meeting of FCCI Standing Committee on Electronics and Installment Association, FCCI President Rana Sikandar Azam said that economic activities have come to a grinding halt due to…

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  • USA, China, UK top three destinations of Pakistani exports during FY 2019-20

    The United States of America (USA) remained the top export destinations of the Pakistani products during the fiscal year (2019-20), followed by China and United Kingdom (UK). The total exports to the USA during July-June (2019-20) were recorded at US $ 3897.852 million against the exports of US $ 4042.701 million during July-June (2018-19), showing…

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Yes, it is true that the Business Observer does what its name reveals, means covering the news from all the industries, which are putting their efforts into accelerating the economy of Pakistan. The website is the trustworthy business news website and its name is taken among those business websites of Pakistan.

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