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  • Korean Companies Are Keen to Invest in Pakistan

    Industry

     |  Jan 14, 2021

    South Korean companies are seeking information about the cost of land in Pakistan for setting up manufacturing units, Pakistan’s former ambassador to South Korea, Shaukat Ali Mukadam, said during a meeting with President Islamabad Chamber of Commerce and Industry (ICCI), Sardar Yasir Ilyas Khan. He said that these companies, especially small and medium enterprises (SMEs),…

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  • Moody’s improves its rating for Pakistan’s banking sector

    Industry

     |  Jan 14, 2021

    The international credit rating agency Moody’s has improved its rating for Pakistan’s banking sector as stable. Moody’ Investors Service report said that the government’s credit profile is stable due to ongoing reforms and increasing policy effectiveness. It said stable outlook for Pakistan’s banking system reflects banks’ solid funding and liquidity. The report said deposit-based funding…

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  • ECC to Abolish Taxes on Import of Sugar

    Industry

     |  Jan 13, 2021

    The Economic Coordination Committee (ECC) of the Cabinet is expected to approve a summary of the Ministry of Industries and Production to abolish taxes on the import of sugar, senior government officials exclusively told Propakistani. Sources said that the meeting of the ECC has been scheduled for Wednesday (January 13) in which a summary of…

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  • OGRA Allows Two Companies to Market LNG And Sell Natural Gas

    Industry

     |  Jan 13, 2021

    The Oil and Gas Regulatory Authority (OGRA) has granted two licenses for the sale and marketing of natural gas and LNG to two private companies. The issued licenses are for the sale of natural gas/RLNG to consumers, including industries, power plants, and licensed CNG stations, for an initial period of 10 years with effect from…

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  • Pakistani Textile Company Acquires a Denim Factory in US

    Industry

     |  Jan 12, 2021

    Artistic Milliners, a Pakistani textile company and producer of renowned global brands, has acquired a denim factory in Commerce, California. The Pakistani company plans to invest in the facility and grow the business into a state-of-the-art design and production hub based on Supply Chain 4.0 principles and 360 design development solutions. The new factory expands…

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  • Buzdar, Aleem discuss demand, supply of wheat & flour

    Industry

     |  Jan 12, 2021

    Punjab Senior Minister Abdul Aleem Khan called on Punjab Chief Minister Sardar Usman Buzdar in Lahore today (Tuesday). Matters of mutual interest, demand and supply of wheat and flour, and political situation of the province were discussed during the meeting. The Chief Minister expressed satisfaction over the supply and prices of wheat and flour. He…

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  • Pakistan improves position on WB Ease of Doing Business Index

    Industry

     |  Jan 9, 2021

    Pakistan has improved its position on World Bank Ease of Doing Business Index for the second consecutive year. This has been stated in the annual report issued by Security and Exchange Commission of Pakistan in Islamabad. As per World Bank’s latest rankings on ease of doing business for the last year, Pakistan has improved its…

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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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