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‘Oil bomb’ to hit businesses, economy hard: LCCI

LAHORE, (TLTP): The Lahore Chamber of Commerce and Industry (LCCI) Saturday urged the government to withdraw recent hike in oil prices that is bound to jack up cost of doing business in the country. In a statement issued here, the LCCI President Irfan Iqbal Sheikh said that there is no denying the fact that oil […]

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KCCI urges KE to stop power outages, improve infrastructure

KARACHI, (TLTP): Expressing deep concerns over the poor performance of K-Electric, President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan Saturday urged the utility service provider to immediately stop the ongoing load shedding spell and focus on improving the infrastructure, particularly power generation capacity and distribution network which is in a terrible […]

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SBP ex-employees seek revocation of pension circular

Khudayar Mohla – ISLAMABAD, (TLTP): Retired employees of central bank of Pakistan from twin cities of Rawalpindi and Islamabad Friday urged the governor State Bank of Pakistan (SBP) to revoke circular that precluded them from receiving pension from the central bank. Under the pretext of present outbreak of coronavirus on May 06, the SBP has […]

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Govt makes forensic report on sugar probe public Tareen, Bukhtiar major beneficiaries of sugar crisis: PM directs advisors to declare assets

Khudayar Mohla – ISLAMABAD, (TLTP): In a major development, the Pakistan Tehreek-e-Insaf (PTI) government Thursday made public a forensic report of the Sugar Inquiry Commission which was constituted to probe the irregularities in the sugar industry. Federal Minister for Information & Broadcasting Shibli Faraz addressing a press conference along with Special Assistant to Prime Minister […]

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Lackluster performance of Discos pushes up circular debt to Rs2tn

Khudayar Mohla – ISLAMABAD, (TLTP): The National Electric Power Regulatory Authority (Nepra) on Friday conceded that power sector is under extreme financial pressure due to high cost of electricity supply and lackluster performance of distribution sector as currently circular debt is hovering around Rs2 trillion in pandemic outbreak in the country. In its flagship State […]

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Services sector shrinking at a fast pace: Zahid

Karachi, (TLTP): The services sector serving tens of millions of people is shrinking at a fast pace due to coronavirus pandemic, as the crisis has shaken the resilient retail sector while the revival of some sectors can take years. This was stated by Mian Zahid Hussain, FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals […]

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President approves amendments to Companies Act to facilitate startups

Khudayar Mohla – ISLAMABAD, (TLTP): President Dr Arif Alvi Monday approved amendments to the Companies Act 2017 to provide an enabling regulatory framework to facilitate startups in Pakistan. These amendments were proposed by the Securities and Exchange Commission of Pakistan (SECP) to help promote and nurture startups as well as attract local and international innovators. […]

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SBP enhances subsidised loan limit for hospitals to Rs500m

Khudayar Mohla – KARACHI: In order to strengthen the health sector in the fight against the deadly virus, the State Bank of Pakistan (SBP) on Friday enhanced the maximum financing limit per hospital or medical centre under its refinance scheme from Rs200 million to Rs500 million. According to a series of tweets by the SBP, […]

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KP cabinet approves establishment of KPPTGSC

PESHAWAR, (TLTP): The provincial cabinet of Khyber Pakhtunkhwa has approved the establishment of Khyber Pakhtunkhwa Power Transmission and Grid System Company (KPPTGSC). This was stated by Advisor to Chief Minister on Information Ajmal Wazir while briefing the media about the decisions made during the meeting of the provincial cabinet on Thursday. The meeting of Khyber […]

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ICCI calls for conducive labour policies to boost economy

Khudayar Mohla – ISLAMABAD, (TLTP): Islamabad Chamber of Commerce & Industry (ICCI) has urged the government to make conducive labour policies in order to improve the living standards of labour class as better working conditions for labour would accelerate the pace of economic activities and boost the growth of economy of the country. President ICCI […]