Tag Archives: Business

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 »

Nestlé Pakistan has opened a new US$22 million Fruita Vitals manufacturing plant at Sheikhupura Factory Read More »

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 »

Pakistan-Qatar Investment Forum to improve bilateral trade ties Read More »

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 »

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 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 »

CCI has invested more than $500 million in its business in Pakistan since 2008, doubling its market share. CCI Pakistan, Coca-Cola’s bottler in Pakistan inaugurated its Greenfield bottling plant in Faisalabad. CCI Pakistan is a subsidiary of Coca-Cola İçecek (CCI), headquartered in Turkey, the sixth-largest bottler in the Coca-Cola system globally. Set up with an investment of US$ 45 million, ... Read More »

Agreement to promote cultural exchanges and determination of Belt and Road Initiative Pakistan and China have signed Executive Programme of Cultural Agreement for further consolidating cultural relations and promoting people-to-people contacts between the two states. According to the agreement, Pakistan and China would mutually cooperate to develop and promote Film and Broadcasting, Arts and Culture, Information and Investigation, Press and ... Read More »

Some technical indicators suggest the rout in bitcoin has further to go The digital cryptocurrency Bitcoin fell more than 15 percent on to sending to its lowest level since November ranging from a global regulatory clampdown. On the Luxembourg-based Bitstamp exchange, Bitcoin fell as low as $6,853.53 in early afternoon trading in New York. That marked a fall of more ... Read More »