As efforts are on to get 5,630 stuck-up containers released, the Karachi Chamber of Commerce and Industry (KCCI) has announced that the 18th “My Karachi — Oasis of Harmony Exhibition” would be held next month to show the world that the business community remains resilient and continues its battle for survival. Addressing a press conference at KCCI on Wednesday, Businessmen Group (BMG) chairman
Amid delays in financing arrangements with China for the $10 billion Karachi-Peshawar railway line (Main Line-1), the Asian Development Bank (ADB) has re-emerged as a funding contender for the mega project. Planning Secretary Syed Zafar Ali Shah told a group of journalists on Wednesday that the ADB had recently shown interest in financing the project. “As of now, we are still pursuing a part
By announcing to keep production activities suspended from Feb 13-17 due to continued shortage of parts and accessories, Pak Suzuki Motor Company Ltd (PSMCL) has jacked up prices of various car models by Rs130,000-350,000. The new prices of Alto VX, VXR, VXR AGS and AGS models are Rs2.034 million, Rs2.359m, Rs2.528m and Rs2.651m, up by Rs175,000-228,000. WagonR VXR, VXL and AGS models now
ISLAMABAD: Amid fiscal challenges, Pakistan’s tax-to-GDP ratio dropped further by 0.4pc in the first half (July-December) of the current fiscal year to 4.4pc from 4.8pc of the same period last year. According to half-yearly data on fiscal operations released by the Ministry of Finance on Wednesday, the non-tax revenue remained unchanged at 1.1pc of GDP in the first half of the year and stood at
The government put on a brave face amid a stalemate on securing a bailout from the International Monetary Fund (IMF), needed to avert a nearing sovereign default, as the two sides remained short of concluding external financing estimates and precise domestic fiscal measures. A clear roadmap on external financing and domestic budgetary steps, coupled with substantial energy cost adjustments, sho