Tue, 21-Oct-2025

Contributions of up to Rs100,000 to be paid online: EOBI chief

EOBI

KARACHI: Contributions for the welfare and pension of employees by the industry up to Rs100,000 will be paid online, an official said in a statement. The complaints of harassment by the Employees Old-age Benefit Institution (EOBI) officials can be lodged on the website and via challan. These views were expressed by Employees Old-age Benefit Institution … Read more

UK airlines hit out at govt over Omicron travel curbs

UK airlines

LONDON: A group of airlines accused the UK government on Monday of a “haphazard and disproportionate approach” to travel restrictions in the wake of the Omicron variant and demanded further state help to prevent a “permanent scarring” of the industry. “Whilst we fully recognise the need to take steps to contain the initial impact of … Read more

Over 2/3 of Chinese-invested expressway in Cambodia completed

chinese

PHNOM PENH: Nearly 71 percent of the construction work on the Chinese-invested Phnom Penh-Sihanoukville Expressway has been completed despite the COVID-19 pandemic, the Cambodian Ministry of Public Works and Transport (MPWT) said in a news release on Sunday. MPWT’s secretary of state Yit Bunna visited the construction site in southwestern Kampong Speu province on Friday, … Read more

Punjab govt praised for withdrawing increase in property tax

Punjab govt

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has welcomed the Punjab government’s decision to withdraw an increase in the property tax, a statement said. The Excise, Taxation and Narcotics Control Department has issued a notification, in this regard. LCCI president Mian Nauman Kabir, senior vice president Mian Rehman Aziz Chan and vice president … Read more

UK designs hydrogen powered jet concept with zero emissions

UK jet

RIYADH: A design of a liquid hydrogen-powered airliner theoretically capable of matching the performance of current midsize aircraft with zero emissions was unveiled by a UK research group. The FlyZero concept envisions a commercial plane carrying 279 passengers’ non-stop from London to San Francisco matching today’s comfort and speed, Bloomberg reported citing a statement by the Aerospace … Read more

Alibaba appoints new CFO, reshuffles e-commerce businesses

Alibaba

BEIJING: China’s largest e-commerce group Alibaba said on Monday it is appointing a new chief financial officer and reorganising its e-commerce businesses, amid a regulatory crackdown in the technology industry, Arab News reported. The company said in a statement that Toby Xu will succeed Maggie Wu as its new CFO from April 1, 2022. Xu joined Alibaba … Read more

Gold miners keen on going green

LONDON: The gold mining industry is keen to show off its green credentials, Arab News reported. The World Gold Council has revealed that of the $60.1 billion its 33 members generated in revenue in 38 countries around the world last year, 63 per cent, or $37.9 billion of it remained in the nations where the mining operations … Read more

TDAP holds seminar on women in trade

TDAP

KARACHI: The Trade Development Authority of Pakistan (TDAP), in collaboration with the International Trade Centre (ITC), organised a seminar on “Women-in-Trade: Export Readiness 101” at the Quetta Chamber of Commerce and Industry for the capacity-building of women entrepreneurs in Pakistan, a statement said on Monday. This was the second in a series of planned seminars … Read more

KCCI supports general industry against gas supply suspension

KCCI

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has said that it fully supports general industries’ resistance against the suspension of gas supplies, as it would not only affect their own production but would also have a severe impact on the export-oriented industries, as well because both were linked with each other and it … Read more

South Korean automakers’ global car sales logs double-digit fall in October

SEOUL: South Korean automakers’ global car sales logged a double-digit fall in October, owing to the supply disruption of semiconductors, industry data showed on Monday. Five domestic carmakers, including Hyundai, Kia, Renault Samsung, GM Korea and Ssangyong, sold a total of 548,192 vehicles at home and abroad in October, down 22.2 per cent from the … Read more

Mauritius reopens to foreign visitors after Covid shutdown

PORT LOUIS: Mauritius fully opened its doors to international visitors on Friday, hoping to rebuild its vital tourism industry after long months of isolation because of the Covid pandemic. The move was greeted with a mixture of optimism, relief and some caution in the Indian Ocean paradise. “This reopening is inevitable because 100,000 families depend … Read more

Oppo Pakistan plans to manufacture 5 million mobile phones annually

OPPO K9 Pro official photos surface ahead of Sept 26 announcement

ISLAMABAD: Oppo Pakistan plans to manufacture five million mobile phones/annum with the focus on exports, a senior company official said on Wednesday. During a meeting with Federal Minister for Industries and Production Makhdoom Khusro Bakhtyar Oppo Pakistan chief executive officer George Long apprised him that Oppo, leading smartphone manufacturer and innovator, plans to upgrade its … Read more

For development works of the Industry and Production Rs 1.45B has been released

Industry

The Ministry of Planning, Development, and Reforms, and Special Initiatives has so far allocated a total of Rs 1.45 billion for the development works of the Industry and Production Division in the public sector development program. Has released more than Rs 1.45 billion has been released. The government has allocated Rs. 2.91 billion for this … Read more

Saudi Arabia offers mining opportunities to global investors

Global Cyber Security

RIYADH: The Saudi mining sector is witnessing a significant transformation and a high demand from investors since the launch of the new Mining Investment Law early this year, Arab News quoted Khaled Al-Mudaifer, vice minister for mining affairs, Ministry of Industry and Mineral Resources, as saying. There will be an international demand for the sector … Read more

Trade with Afghanistan continues as usual: adviser

commerce

LAHORE: The trade with Afghanistan continued as usual even after the Taliban takeover, a senior government official said on Saturday. Talking to the newsmen after inaugurating Pakistan Footwear Design Hub, Adviser to the Prime Minister on Commerce, Textile, Industry and Production, and Investment Abdul Razak Dawood said: “We are closely monitoring the situation in Afghanistan. … Read more

Tarin concerned over consistent rise in edible oil, ghee prices

CPEC ushers in new era of economic prosperity Tarin

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin expressed concern over the consistent rise in the prices of edible oil/ghee in domestic markets over the period of time. In a meeting with the delegation of Pakistan Vanaspati Manufacturers Association (PVMA), the finance minister urged PVMA to adopt market-based solutions and bring down prices in … Read more

New master plan to meet needs of industrial sector

textile industry

LAHORE: Lahore Development Authority (LDA) vice chairman S M Imran has said that the new master plan of Lahore will fulfill the needs of the industrial sector in future. Speaking at a meeting of the stakeholders at the Lahore Chamber of Commerce & Industry (LCCI) on Thursday, he regretted that master plans in the past were … Read more

Akshay Kumar discusses the current impact of digital platforms

Akshay Kumar, a Bollywood actor, has spoken out about the impact of OTT and how it has helped several actors.Akshay Kumar The actor also agreed that the industry has become more democratic and that today, if a huge star is unavailable, a producer can always choose another actor.

Akshay Kumar, while talking about digital platforms, who is currently promoting his movie ‘BellBottom’, said that the OTT has been a game-changer for many artists, whom he calls ‘character actors’.

“The push on OTT has been fast since the pandemic. What would have taken three years has happened in 1.5 years and the push is going to be more,” he maintained. “Actors have gotten visibility and they are so busy. If today, you want to cast a character actor, even if he is a little famous, he doesn’t have dates. There are many such people. You can get the biggest star’s date but not of character actors,” Akshay said.

“Now it’s like if one actor doesn’t have dates, you can always go to the next best. There are many such actors,” Akshay said, adding that stardom is irrelevant if one is not going after quality scripts.

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Sales of new-energy passenger vehicles soar in China 

vehicle

BEIJING: China saw a surge in sales of new-energy passenger vehicles in July, industry data showed. The retail sales of new-energy passenger cars reached 222,000 units, up 169.4 per cent year on year, according to the China Passenger Car Association.  The wholesale volume of new-energy passenger vehicles grew 202.9 per cent year on year to … Read more

Kenya to boost horticulture exports to China

Evergrande misses third round of bond coupon payments

NAIROBI: Kenya is seeking to increase its horticulture exports to China in order to boost its revenues, the industry said on Monday. Ojepat Okisegere, CEO of Fresh Produce Consortium of Kenya told journalists in Nairobi that China, which has a huge consumer market, can give better revenues as compared to traditional markets in Europe. According … Read more

PM to meet exporters once a month to resolve concerns: SAPM

Prime Minister Imran Khan Ashraf Ghani

ISLAMABAD: Prime Minister Imran Khan has decided to meet the exporters once a month to address their grievances for better economic growth, a government official said on Monday. Addressing a press conference, Prime Minister Imran Khan has decided to meet the exporters once a month to address their grievances for better economic growth, a government … Read more

Prime Minister’s major steps keep economy afloat

PM launches uniform curriculum to end class-based system in education sector

LAHORE: Though the Covid-19 pandemic has endangered the global economy and disrupted billions of lives around the world; however, Pakistan stays among the blessed countries due to the well-thought-out policies and timely corrective measures of the government, particularly in the construction and industrial sectors. The ambitious Central Business District (CBD) project at the Walton Airport … Read more

Sindh industrialists slam raise in minimum wage to Rs25,000

KARACHI: Industrialists have criticised the Sindh government over the rise in the minimum wage to Rs25,000 and termed it unconstitutional, a statement said on Wednesday. “The industries of Sindh, particularly of Karachi, are highly aggrieved and perturbed by the controversial move of the Sindh government to increase [the] minimum wage from Rs17,500 to Rs25,000 without … Read more

CPEC: First phase of Allama Iqbal Industrial City completed

ISLAMABAD: The first phase of state-of-the-art Allama Iqbal Industrial City, the first Special Economic Zone (SEZ) of Punjab under the China-Pakistan Economic Corridor (CPEC), has been completed. Talking to a delegation of exporters and investors, Faisalabad Industrial Estate Development and Management Company (FIEDMC) chairman Mian Kashif Ashfaq on Wednesday said that Prime Minister Imran Khan … Read more

Prime Minister Imran Khan Said The Government is Committed to Restore and Preserve Heritage Sites

Prime Minister Imran Khan Said The Government Committed to Restore and Preserve Heritage Sites

Prime Minister Imran Khan said on Friday that the government is comitted to preserve and restore all the historical sites in the country. On his Twitter, PM Imran shared Lahore Fort from Lahore and mentioned that it has been restored and preserved for coming generations. “My government intends to eventually preserve and restore all our … Read more

Google Cloud Service launches DocAI mortgage industry tool

Google

Google Cloud today publicized the launch of Lending DocAI, its first devoted service for the mortgage industry. The tool, which is now in preview, is intended to help Mortgage Company’s speed up the process of assessing a borrower’s income and asset documents, using specialized machine learning models to automate routine document reviews. May be this … Read more

PM Imran Khan shares amnesty scheme with construction industry

Torture bill in NA

PM Imran Khan had a meeting with the construction industry to avail the amnesty scheme launched for its benefit before the December 31, 2020 deadline. According to the details, the scheme having been launched in light of the adverse economic effect of the ongoing COVID-19 pandemic. [embedpost id=”50366″ slug=”pm-imran-khan-to-visit-diamer-bhasha-dam-project-today”] The news report said that the … Read more

Excise & Taxation Department to maximize mutual cooperation with LCCI

Secretary Excise & Taxation agrees to maximize mutual cooperation with LCCI

The Lahore Chamber of Commerce & Industry has gotten various facilities from the Excise & Taxation Department for its member that can be availed through E&T facilitation center at the LCCI. During a meeting at the Lahore Chamber of Commerce & Industry on Tuesday, LCCI President Irfan Iqbal Sheikh and Secretary Excise & Taxation Wajihullah … Read more