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Tag Archives: Business

Pak-Afghan businessmen lauds PM Khan’s initiative

PAJCCI commended PM’s initiative to facilitate Afghan Transit Trade by enhancing ease of doing business ISLAMABAD — Pakistan and Afghanistan Joint Chamber of Commerce & Industry (PAJCCI) leaders have lauded Prime Minister Imran Khan’s initiative to facilitate Afghan Transit Trade that would result in improved trade. Chairman PAJCCI, Zubair Motiwala in a statement said that that PAJCCI’s endeavors have been ... Read More »

Delegation of 20 French companies visit Pakistan

Pakistan and France

A delegation of 20 French companies active in various sectors led by the MEDEF International, the most representative organization of the French private sector at an international level, is on a visit to Pakistan from 8th to 11th April 2019. The delegation will be headed by Mr. Thierry Pflimlin, Chairman of the France-Pakistan Business Council of MEDEF International and President of Total ... Read More »

US-Turkey relations enter crisis mode as Trump doubles tariffs

US Turkey

Donald Trump doubles Turkey tariffs ‘against World Trade Organisation rules’ as lira falls by 20% US President Donald Trump imposed higher tariffs on metal imports from Turkey, sending the country’s lira currency to a new record low. Trump doubled the U.S. tariffs on Turkish aluminum and steel imports to 20 percent and 50 percent, respectively. Due to this harsh move, the Turkish ... Read More »

Dubai’s Al Futtaim to establish Renault car plant in Faisalabad

Renault car

Al-Futtaim Group, one of the biggest conglomerates of the United Arab Emirates, has acquired an industrial plot for setting up an automotive plant for the manufacturing and assembly of Renault vehicles in Pakistan. The facility will be set up at M-3 Industrial City in Special Economic Zone Faisalabad. “Al-Futtaim is fully committed to the Pakistani market and to this project,” ... Read More »

Alibaba Group enters Pakistan’s ecommerce market with Daraz acquisition

Alibaba all set to enter Pakistan after signing first MoU

Alibaba expands South Asia footprint, snapping up Pakistani online retailer Daraz Alibaba, the Chinese technology group, has expanded its e-commerce business into South Asia by buying Daraz, the Pakistani online shopping business started by the German company Rocket Internet. Daraz, founded in 2012, is backed by European tech incubator Rocket Internet. It operates in Bangladesh, Myanmar, Sri Lanka and Nepal ... Read More »

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