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,…
Rabel Sadozai, Director of Marketing and Sales, Fatima Fertiliser, got the Chief Marketer Award in the business category at Campaign Asia-Pacific’s Women Leading Change Awards 2023. In its sixth year, the Women Leading Change Awards honour women who question, push, innovate, lead, inspire, and promote change across all industries. The campaign uses the award to…
The Cabinet Division objects to granting an exemption for the import of urea on a G2G basis, bypassing PPRA. The cabinet division had observed that in case of an international tender for procurement of urea if any exemption from PPRA rules was required, prior consultation with the concerned authority i.e. PPRA was required in terms…
BMW recalls a number of 2022 i4 sedans and iX SUVs. Even though Tesla (TSLA)-Get Tesla Inc. Report is receiving a great deal of criticism for several recalls connected to fire risks, this is a typical occurrence in the auto business.BMW is now recalling i4 sedans and iX SUVs due to a fire risk in…
The plug-in electric car sales in July 2022 are also showing some unsettling trends, as the number of registrations and the market share has fallen year over year for the fourth consecutive month (and six times this year). Last month, 6,013 new passenger plug-in electric automobiles were registered, which is 32,4 percent fewer than at…
Toyota sales are worsening as supply chain concerns take hold, while electric vehicle (EV) startup Lordstown Motors recorded its first-ever profit and Boeing workers at three U.S. plants reached a new labour agreement. The Morning Shift for August 4, 2022 contains this and much more. It is a difficult moment to be a car manufacturer,…
Hamburg, Germany: The oversupply of containers is contributing to second-hand container market prices plummeting, Container xChange shared in a recent analysis. The current situation of oversupply of containers is a result of a series of reactionary market disruptions that began soon after the outbreak of the pandemic in early 2020. The rise in demand led…
Report Copper and mining company Barrick Gold wants the Pakistani government to ratify the Rekodiq gold and copper deal with the Parliament and Supreme Court for legal protection. During the previous administration, Pakistan and the consortium led by Barrick Gold Copper reached an out-of-court settlement deal. Barrick decided to become a 50 per cent partner…
Incentives Package for promotion of Industry Investment in new industrial units and expansion and modernization of existing units 5% across the board payment of tax for all amounts invested A minimum investment threshold of Rs 50 million is required. An industrial unit to be set up as a company Commercial production to begin by June…
Ibn-e-Ameer The government has given a one-time exemption for importing two units to carry out durability tests, paving way for the launch of Peugeot 2008 SUV Vehicles in Pakistan. Peugeot 2008 launch in Pakistan The French Car Marker had entered into a joint venture with Lucky Group to manufacture petrol and electrical Peugeot 2008 SUV…