ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif has emphasized the need to reduce production costs to revive the industrial and agricultural sectors. Chairing a Federal Cabinet meeting in Islamabad today, he stated that the government’s initiatives to improve various sectors, including the power sector, are showing positive results.World Bank to provide $1.3b for agriculture, housing, emergency…
ISLAMABAD,: The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 100% shareholding of M/s. SadaPay Technologies Limited by M/s. PPR Holding A.S. under a Share Purchase Agreement. M/s. PPR Holding A.S., a private limited company based in Turkey, specializes in investments in financial institutions and technology companies. The target of this…
Karachi, August 12, 2024 – The Embassy of Pakistan in the Netherlands is proud to announce its significant contribution to the success of FoodAg 2024, an international exhibition held in Karachi from August 9-12. The event, organized by the Trade Development Authority of Pakistan (TDAP), has once again showcased Pakistan’s ability to host world-class events…
ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal has highlighted the pivotal role of agriculture in Pakistan’s economy, noting that advancements in this sector are vital for the nation’s growth and prosperity.Pakistan Economy FY24: GDP Grows 2.38%, Agricultural Sector Hits 18-Year High Speaking at the 16th International Food, Hospitality, and Beverages Industry Exhibition and…
By Newztodays Team International Monetary Fund (IMF) has barred government to give subsidy on import of urea. The Finance Division has refused to provide a subsidy on import of urea due to financial constraints and IMF conditions.Urea Sales Drop by 21% YoY in June 2024, Inventory at 37-Month High In a recent meeting of economic…
Karachi, July 31, 2024 – Unity Foods, a frontrunner in Pakistan’s agro-based commodities sector, proudly launched the “Ba Ikhtiyar Kissan” Program through its subsidiary Unity Plantations. This groundbreaking initiative is dedicated to empowering farmers nationwide by providing them with advanced technical skills in modern agriculture, high-quality seeds, and fertilizers. By doing so, Unity Plantations aims…
ISLAMABAD, Monday 29 July 2024: The Competition Commission of Pakistan (CCP) has approved a merger involving a significant reshuffling of power generation assets. This transaction entails a consortium, mainly comprising textile companies, acquiring a 68.89% stake in Engro Powergen Qadirpur Limited (EPQL), a subsidiary of Engro Energy Limited. EPQL operates a 217 MW permeate gas-based…
Islamabad, July 23, 2024 — In a significant move to bolster the local automotive industry, Federal Minister for Commerce Jam Kamal Khan assured members of the Pakistan Automotive Manufacturers Association (PAMA) of his support in addressing their pressing concerns. During a meeting on Tuesday, Jam emphasized the government’s commitment to enhancing the local manufacturing sector,…
ISLAMABAD:Minister for Industry and Production, National Food Security and Research Rana Tanveer Hussain Friday said that the government has decided to introduced track and trace system in local cotton and ginning industry aimed at avoiding tax evasion.Cotton growers advised to ensure special arrangements during rains Talking to a delegation of the Pakistan Cotton Ginners Association,…
ISLAMABAD: In a significant ruling, the Competition Appellate Tribunal has dismissed the appeals filed by Defence Housing Authority (DHA), Lahore, and Wateen Telecom (Pvt.) Limited, upholding the Competition Commission of Pakistan’s (CCP) decision to impose substantial penalties for engaging in prohibited agreements that restricted consumer choice. The Competition Appellate Tribunal has maintained the penalties levied…