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  • Hutchison Ports, ZPMC sign deal

    December 5, 2018 12:00 AM 4

    KARACHI: Hutchison Ports Pakistan has signed an agreement with Shanghai Zhenhua Heavy Industries Co Ltd, China (ZPMC) for a major crane purchase, a statement said on Tuesday. In addition to the purchase of eight new cabin-less remote controlled quay cranes, the terminal will acquire 24 remote-controlled rubber-tired gantry cranes (RTGCs) – the first

  • KCCA organises awareness session

    December 5, 2018 12:00 AM 4

    KARACHI: Karachi Customs Agents Association (KCAA) on Tuesday organised an awareness session for its members to understand roll out of Customs online system at the Karachi Export Processing Zone (KEPZ), a statement said. The project team of WeBOC – the online system - highlighted importance and ease of clearance through the new module launched for KEPZ. The session

  • Swiss firms keen to invest in Pakistan

    December 5, 2018 12:00 AM 4

    ISLAMABAD: Swiss companies are exploring Pakistan for partnerships and investment, as they consider the country a potential market for business activities, a diplomat said on Tuesday. Bernhard Furger, deputy head of mission, Switzerland Embassy said he wanted to bring more Swiss companies to Pakistan so that they could see the real potential and explore

  • FPCCI awards ceremony on 17th

    December 5, 2018 12:00 AM 4

    KARACHI: Prime Minister Imran Khan will distribute FPCCI Awards on best performance in different areas of exports to about 50 exporters during the 42nd FPCCI export awards ceremony on December 17 at Jinnah Convention Centre Islamabad, a statement said on Tuesday. Parliamentarians, bureaucrats, diplomats, prominent businessmen, social elites will attend

  • REITs regulatory framework revamped

    December 5, 2018 12:00 AM 4

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revamped the regulatory framework by introducing significant amendments to the Real Estate Investment Trusts Regulations, 2015, a statement said on Tuesday. The amendments are aimed at providing more conducive regulatory environment for the establishment of formal real estate sector

  • Nepalese envoy stresses direct flights

    December 4, 2018 12:00 AM 2

    KARACHI: Ambassador of Nepal Sewa Lamsal Adhikari termed ties between Pakistan and Nepal as “excellent”, and stressed the need to initiate direct flights between the two countries, which would surely bring the people and business communities closer to each other, a statement said on Monday. It will also help promote trade and tourism opportunities available

  • Lilly Pakistan to support PES

    December 4, 2018 12:00 AM 2

    KARACHI: Lilly Pakistan, the global biopharmaceutical company, announced its partnership with the Pakistan Endocrine Society (PES) for postgraduate medical education in diabetes and to participate in the 7th EASD (European Association for the Study of Diabetes) and GGSD (Gulf Group for the Study of Diabetes) postgraduate course in clinical diabetes

  • SRB’s revenue surges 13pc in Jul-Nov

    December 4, 2018 12:00 AM 2

    KARACHI: Sindh Revenue Board’s (SRB) on Monday reported a 13.3 percent year-on-year surge in revenue to Rs35.902 billion during the first five months of the current fiscal year of 2018/19. The SRB collected Rs31.694 billion during the July-November period of the last fiscal year, it said in a statement. In November, the provincial revenue authority collected

  • Govt attracts Moroccan investment in tourism sector

    December 4, 2018 12:00 AM 2

    ISLAMABAD: Minister for Planning, Development and Reform Khusro Bakhtyar on Monday invited Moroccan investors to invest in Pakistan’s tourism sector in partnership with local companies. “Moroccan investors in collaboration with local companies can invest in Pakistan’s tourism sector especially in northern areas, which will give boost to tourism industry

  • Pakistan Refinery transfers Shell’s 29pc stake to PSO

    December 4, 2018 12:00 AM 2

    KARACHI: Pakistan Refinery Limited (PRL) on Monday announced the transfer of around 29 percent of its shares held by British Shell to Pakistan State Oil (PSO), more than doubling the total shareholding of the leading state-owned oil marketing firm in the refinery. Total 84 million class-B shares of Shell Petroleum Company Limited, United Kingdom in Pakistan