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Author Archives: CT Report

LSE to observe Eidul Azha holidays from September 24 to 26

LAHORE: Lahore Stock Exchange (LSE)  issued a notification regarding Eidul Azha  holiday sin which it informed all traders that LSE shall remain closed from Thursday, September 24, 2015 to Friday, September 25, 2015 on account of auspicious occasion of Eidul Azha holidays. The notification  further says that LSE shall observe its market/office timings as per normal schedule from Monday, September ... Read More »

LSE decoded to delist Medi Glass Ltd

LAHORE: Medi  Glass Limited was listed at the Lahore Stock Exchange in the year 1990 and its total paid up capital is Rs 75.938 million. The company is under violation of Listing Regulations No. 30(1)(b)(d)(e)(g) of the Exchange i.e. non-holding of AGM, has gone into liquidation through Court Order, non-payment of annual listing fee and non induction of ordinary shares ... Read More »

WECREATE holds graduation celebrations

ISLAMABAD: The Women’s Entrepreneurial Center of Resources, Education, Access, and Training for Economic Empowerment (WECREATE) Center held its ‘Graduation Celebration of Start Up Academy Flight I’ to mark the completion of a 15-week program that takes aspiring female entrepreneurs from idea to business implementation. The graduates pitched their new businesses to community leaders, potential investors, and the press during the ... Read More »

Karachi’s improved security situation boosts property market

LAHORE: The successful Karachi operation positively impacted Pakistan’s real estate sector. New developments are expected to increase two to threefold in the future, according to a recent survey conducted by Pakistan’s best real estate website, According to real estate agents and builders, the Karachi operation created a very positive environment. The law and order agencies are eliminating the qabza ... Read More »

Khalid Javed become new PSRMA chairman

LAHORE: Khalid Javad, was elected chairman of Pakistan Steel Re-Rolling Mills Association while Dewan Abu Obaida Farooqui elected senior vice president, Mian Arif Mehmood vice chairman Lahore Circle, Akhtar Saeed vice chairman Karachi Circle for the year 2015-16. The results of the newly elected office-bearers were announced at the annual general meeting of the Pakistan Steel Re-Rolling Mills Association held ... Read More »

LCCI hails armed forces for Peshawar action

LAHORE: The Lahore Chamber of Commerce and Industry Saturday paid rich tributes to the Pakistan Armed forces for their successful operation against terrorists at PAF Base Peshawar saying that such ugly acts of terrorism cannot let the moral of nation down. The LCCI president Ijaz A. Mumtaz, senior vice president Mian Nauman Kabir and vice president Syed Mahmood Ghaznavi said ... Read More »

FBR selects 3 parliamentarians for audit through balloting

ISLAMABAD: The Senate Standing Committee on Finance disclosed that the Federal Board of Revenue (FBR) selected three parliamentarians, all belonging to opposition political parties, including the PPP, PTI and ANP, for audit through random computer balloting without having any parameters. “Interestingly, it was push of computer button that only selected opposition parliamentarians belonging to this committee whereas no member of ... Read More »

US assistance to Pakistan is focused on energy: Zachary Harkenrider

LAHORE: US Consul General Zachary Harkenrider said that USA is well aware of the energy crisis being witnessed by Pakistan and ready to provide every possible assistant in this regard. He was speaking at the Lahore Chamber of Commerce and Industry. The LCCI President Ijaz A. Mumtaz, Senior Vice President Mian Nauman Kabir and former LCCI President Irfan Qaiser Sheikh ... Read More »

Pharma manufacturers reject Punjab Drugs Amendment Ordinance 2015

KARACHI: Pakistan Pharmaceutical Manufacturers’ Association (PPMA) rejected newly promulgated the Punjab Drugs Amendment Ordinance 2015 assuring the government its full support to launch crackdown against spurious drugs that should be done within given countrywide framework under Drug Act 1976. Addressing a news conference, the Central Chairman of PPMA Saeed Allahwala, accompanied by members of central executive committee of representative body ... Read More »

China styled SEZ can bring industrial revolution in Pakistan: Afridi

LAHORE: China Styled Special Economic Zones (SEZ) can bring industrial revolution in Pakistan and measures should be taken in this regard.  This was stated by Shah Faisal Afridi, President Pak-China Joint Chamber of Commerce and Industry (PCJCCI) while exchanging his views with a business and Trade delegation from Qingdao Commerce Bureau, China at PCJCCI office. The delegation headed by Ms. ... Read More »

MCCI organized two days handicrafts exhibition .‏

MULTAN: Multan Chamber of Commerce and Industry organized a two days exhibition of “Dastkaar Mela” to promote the local manufacturing handicrafts industry. The purpose of exhibition was to promote the art work of this religion active in the world. Different handicrafts stalls were showing different goods including carpets, camel skin, Multani khussa, blue pottery, traditional embroidery dresses and glass art. ... Read More »

Mobicash launches ‘Bachat Account’ for its subscribers

ISLAMABAD: Mobicash, continuing with its innovative offerings, launched a savings account for its mobile account holders. Aptly titled ‘Bachat Account’, it provides an incentive to account holders conscious of their saving habits by offering them a daily profit on maintaining a certain balance of money in their mobile account.  The profit in the “Bachat Account” is calculated and posted to ... Read More »

Chinese trade team visits ICCI to explore business collaborations‏

ISLAMABAD: A large delegation of Chinese companies led by Mike Wang visited Islamabad Chamber of Commerce and Industry to explore business collaborations with Pakistani counterparts. The Chinese companies were representing various sectors including manufacturers of automobiles and auto parts, security systems including bio-metric solutions, construction machinery, power generation equipment, water purification equipment and solid waste management systems etc. Speaking at ... Read More »

SCCI elections: Ittehad Founders’ Group won all seats

SIALKOT: The ruling Ittehad Founders’ Group, swept clean and won all the five seats of SCCI associate class by knocking out rival Democratic Founders’ Group, during the annual elections of Sialkot Chamber of Commerce and Industry (SCCI) here. There were total 1779 registered votes of SCCI Associate Class cast their votes. Out of which, 810 votes were cast and turn ... Read More »

LCCI-LSE launches Business Confidence Report

LAHORE: Business confidence in Pakistan soared in 2015 as both the investments and revenues registered surge during this period. It is revealed in the LCCI-LSE Business Confidence Report launched here at the Lahore of Commerce and Industry. LCCI president Ijaz A. Mumtaz, former presidents Bashir A. Baksh, Mian Muzaffar Ali, Rector Lahore School of Economics Shahid Chaudhary, Dean of Economics ... Read More »

ECC allows import of 50,000 tons of gram pulse

ISLAMABAD: The Economic Coordination Committee of the Cabinet in its meeting chaired by Finance Minister, Mohammad Ishaq Dar accorded approval in principle for import of 50,000 tons of gram pulse in view of hike in its price due to shortage in the local market. TCP will carry out the import. While according approval to Ministry of Food Security’s proposal with ... Read More »

Traders resent crackdown against food outlets ‏

ISLAMABAD: Islamabad Chamber of Commerce and Industry called a meeting of the owners of local hotels, restaurants and bakeries to discuss the ongoing crackdown against these businesses and form a strategy to deal with this issue, which was attended by a large number of food sector businessmen. The businessmen resented the surprise raids on local hotels, restaurants and bakeries on ... Read More »

Turkey wants to strengthen trade ties with Pakistan

SIALKOT: Yasar Dogan (Chairman All Industrialists and Businessmen Association Turkey) vowed to make all out sincere efforts to promote and strengthened trade, cultural and political friendly relations between Pakistan and Turkey. He stated this while addressing Sialkot exporters during his visit to Sialkot Chamber of Commerce and Industry (SCCI) here. SCCI president Fazal Jillani, senior vice president Mir Alamgir Meyer, ... Read More »

High prices of sacrificial animals keeping buyers away

SIALKOT: The high prices of sacrificial animals were keeping buyers away from sacrificial animals in local make-shift markets of sacrificial animals being established in Sialkot, Daska, Sambrial, Uggoki, Satrah, Daska, Chawinda, Badiana, Pasrur and surrounding areas. Though Eidul Azha was now fast approaching, the sacrificial animals including goats, sheep, cows, bulls and even camels reaching here in a small number, ... Read More »

APPMA demands withdrawal of increase in school fees

LAHORE: All Pakistan Paper Merchants Association (APPMA) has condemned massive increase in school/collage fees by the private school owners and urged Punjab Chief Minister Shahbaz Sharif to take notice of the situation. According to a statement issued here, leader of APPMA Khawaja Nadeem Saeed Wayeen said that recent massive raise in school fees would give a big blow to the middle ... Read More »