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Pakistan needs to fully exploit tourism potential to attract millions of foreign tourists: Ifitkhar Ali Malik

LAHORE : Welcoming the government’s timely judicious decision of allowing tourists from 175 countries to visit the country with visa on arrival, SAARC CCI Senior Vice President (SVP) Iftikhar Ali Malik Friday said still Pakistan needs to take more concrete steps for marketing itself as a tourism destination as it …

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Fiscal deficit likely to soar to 6 percent of GDP growth rate during current fiscal year: Moody

KARACHI: The fiscal deficit of the country is likely to soar to 6 percent of GDP growth rate during the current financial years owing to government failure in containing the expenses and increasing income. According to Moody’s Investors Service, announcement was made in mini budget to enhance exports for development …

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Traders call for multi-storey car parking in F-8 Markaz

Islamabad: A delegation of Traders Welfare Association, F-8 Markaz, Islamabad led by its President Sardar Tahir Mehmood visited Islamabad Chamber of Commerce & Industry and highlighted various issues of their market. Addressing the delegation, Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce & Industry said that CDA had approved two …

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Decision taken to set up counters in IB, key embassies to attract foreign investors for investment in housing sector

ISLAMABAD: Government has decided in principle to open counter in Investment Board (IB) and in all key embassies in connection with foreign investment in housing sector. According to media reports, federal government has started evolving strategy to attract foreign investors to make investment in housing sector in Pakistan. The major …

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Carfirst rapidly grows by focusing on operations, services

Lahore: CarFirst, Pakistan’s leading used-car online auction and trading platform, grew tremendously in 2018. Based on its success the company was able to secure its second-round funding from Frontier Car Group and the OLX Group in May 2018. CarFirst strategically invested its funding with the focus to grow on three …

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Mini-budget takes business community by pleasant surprise

ISLAMABAD: Islamabad Chamber of Small Traders (ICST) on Tuesday said the recently announced mini-budget has taken the business community by pleasant surprise. In reality, it was a big relief package, which has improved the confidence of the business community that will enhance economic activities, create jobs and expand GDP, it …

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HAE in partnership with PATTA to increase farmers’ profitability and productivity

LAHORE: CEO Hamdard Agro Engineering, Mr. Muhammad Asif added, “Our partnership with PATTA will increase farmers’ profitability and productivity at a fraction of the usual cost. We look forward to the project’s technical expertise in identifying our comparative advantage in marketing and selling viable tech solutions to farmers.” PATTA’s private …

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CCP imposes penalty on Lahore-based restaurant for using starbucks registered trademark

ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed penalty of PKR 5 Million on a Lahore-based café owned by Options International (SMC-Pvt.) Limited (Options) for violating Section 10 of the Competition Act, 2010 by fraudulently using the official logo of international coffeehouse chain, STARBUCKS. Starbucks Corporation is registered in …

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Mini-budget to support businesses, production and exports

Islamabad: The Pakistan Economy Watch (PEW) on Sunday said recently amended finance bill will reduce the cost of doing business which will reduce the price of many items. The move will support businesses and help exporters regain ground in the international market as the government has reduced and abolished several …

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‘BMP says Pakistani rupee was one of the world’s worst-performing currencies last year, losing 26 per cent’

LAHORE : The Businessmen Panel (BMP) for Federation of Pakistan Chambers of Commerce and Industry hoped that now Pakistan Rupee will be stable after increasing in country foreign reserves as as 18th Janaury 2019, The SBP liquid foreign reserve exchange position was $ 13.25 billion dollars officially and is still …

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