Hassan Jawwad

  • TKARACHI - A copy of Computerided National Identity Card has been made mandatory for purchase of dollar from local market while the central bank also issued directives to money exchange companies to install biometric system for verification of buyers.Exchange Companies Association of Pakistan ...

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  • TKARACHI - Solar energy is an effective alternative to overcome the power crisis in the country and also plays an important role to reduce the import bill. Inam ur Rahman, CEO Reon Energy Limited while talking to The Nation said Pakistan is located in a region with ample sun energy that makes it ...

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  • TKARACHI - Flood, heavy downpour in upcountry have skyrocketed prices of vegetables here in the metropolis, The Nation learnt.The consumers called the argument baseless because most of the vegetable consumed in Karachi brought from the surrounding of the city and including those area where flood or ...

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  • TKARACHI - More than 20 largest shopping areas and hundreds of mini markets in the financial hub of the country are expected to set a new record of Eid sale with Rs60 billion. During last year, the port city witnessed Eid sale of Rs50 billion. Following the overall situation, traders expect a ...

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  • TKARACHI Pakistan’s state-owned sole steel production unit reaches at zero production level, the mismanagement and corruption in Pakistan Steel Mills still at its peak.Retired officer re-appointed illegally as the new Director Hadeed Welfare Trust is drawing an exorbitant salary package.The ...

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  • TKARACHI - Sindh budget estimates for current revenue expenditure of energy department are estimated at Rs25.9 billion, which includes Rs 25 billion for clearance of outstanding liabilities of electricity dues of various government departments pertaining to DISCOs such as KE, HESCO and SEPCO. The ...

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  • TKARACHI - Pakistan spends around $12 billion yearly to import crude oil which brought heaviest impact over the import bill. The seventy percent of import bill comprise over the payment of oil which is mostly use for the power generation. Country can avoid the traded deficit and turn it surplus by ...

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  • TKARACHI -  Despite having a massive coastal belt of 1,000 kilometers which was almost equivalent to the coastal belt of Thailand, Pakistan only earns around $300 to $400 million by exporting marine products whereas countries like Thailand and Vietnam have been earning billions of dollars every ...

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  • TKARACHI - The increase in production of major commodities like wheat, rice, cotton and oilseeds of traditional and non-traditional varieties has emerged dramatic services problem of retention for long period. The existing storage facilities available are insufficient at various levels to come with ...

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  • TKARACHI  - The sharp increase in the prices of buffalos creates fear among farmers, which is ultimately affected the prices of meat and dairy products in local market. Experts from the livestock expressed grievances over the government negligence who have not any sustainable policy for the ...

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  • TKARACHI The ongoing move against criminals along with better law and order situation of the city has further boosted up the property price in the financial hub of the country. Especially during the recent drive increase of 15pc to 20pc were seen in the rates of plots, house and flats. Arshad ...

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  • TKARACHI Power Construction Corporation of China and Qatari investment firm Al Mirqab Capital will jointly invest in and build a coal-fired power plant in Pakistan, which will have a total investment of $2.09 billion, Power Construction Corp, a Shanghai-listed firm, announced.According to the ...

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  • TKARACHIChief Executive Officer of Pakistan Steel Mills (PSM), Maj Gen (r) Zaheer Ahmed Khan has sought Karachi Chamber’s assistance in convincing the government to ensure a level playing field to PSM so that it could regain its previous status of a profitable organisation.“Efforts were ...

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  • TKARACHI - The prices of poultry items have increased substantially in the city due to ever-increasing demand due to start of the winter season, high rate of birds’ mortalities in chilly weather and the export of poultry items to other countries.The rates of live bird and meat have witnessed ...

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  • TKARACHI - Election campaign for upcoming Federation of Pakistan Chambers of Commerce and Industry’s elections, which are scheduled to be held on December 29, 2014, is in full swing.Both contesting groups are claiming to be in a comfortable position and are hoping for landslide victories. As ...

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  • TKARACHI  - Pakistan Steel Mills employees suffer in miserable circumstance due to lethargic attitude of the authorities reluctant to pay the salaries, The Nation learnt on Monday.At least 315 contractual employees of PSM are suffering for the last six months. The confirmation of the ...

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  • TKARACHI - Jute storage bags have advantage of life with the use of three or four times compared to other storage bags but without the support of government it cannot possible; the industry is at the verge of collapse and is looking for the support of government.Food department of the different ...

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  • TKARACHI - Instead of doing its basic job of protecting the consumers’ interests by ensuring the availability of essential commodities including sugar to the common man at affordable prices, Trading Corporation of Pakistan is facilitating sugar mills owners, the ruling elite of the country. ...

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  • TKARACHI Country’s mother of steel industries, Pakistan Steel Mills, is unable to pay salaries to its workers for last four months despite bailout package announced by the Federal government for the betterment of national asset.The highly profitable Pakistan Steel Mill accommodating at least ...

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  • TKARACHI - To support the development of a vibrant online culture, Pakistan’s first e-commerce portal Daraz.pk hosts 1.2 million unique visitors on its website every month and offers a portfolio of over 400 brands and 16,000 products. This was stated by Muneeb Maayr, the co-founder of Daraz.pk ...

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  • TKARACHI - The State Bank of Pakistan has decided to reduce the policy rate by 50 basis points (bps) to 9.5 percent. The decision was taken by the Central Board of Directors of SBP at its meeting held under the chairmanship of Governor Ashraf Mahmood Wathra in Karachi on Saturday. Limited impact of ...

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  • TKARACHI The mother of steel industries in the country Pakistan Steel Mills has reached at the verge of collapse and again its privatisation issue has become talk of the town, especially after recent shutdown of its two major production units Steel Making Department and Iron Making Department. The ...

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  • TKARACHI - Business tycoons remain in race of power gain in the upcoming elections of Federation of Chamber of Commerce and Industries (FPCCI), The Nation has learnt.The election in FPCCI reflects the similarities with the current political and social environment of the country as business leaders ...

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  • TKARACHI Sit-in protests compelled government to take right path, continues pressure mounted by the political forces against the ruling government provided sustainability to economy overall, says Aqeel Kareem Dhedhi Chairman AKD Group while exclusively talking to The Nation.Existing political ...

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  • TKARACHI - Overseas Investors Chamber of Commerce and Industries has urged the federal and provincial governments to take emergency measures in order to attract higher FDI inflows as low FDI retards economic growth and has long term implications. OICCI offered to assist the authorities by sharing ...

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  • TKARACHI - Power consumption increased sharply during last ten years especially in the financial hub of the country. Keeping in view the shortage of gas and increasing fuel prices, K-Electric has embarked upon a plan to utilise coal resources to overcome these challenges, said Osama Qureshi Chief of ...

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  • T KARACHI Political unrest and current floods badly hampered the economic activity in the country where government totally seen paralysed to control the situation. Business community and economic expert strongly condemn the act of both parties and advise the concerns to resolve the issue with ...

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  • TKARACHI Capital markets play a vital role in the economy of any country which mostly comprises over the private-public companies. Number of participants of capital market is the main force which supports the bourse in any crisis. Pakistan have a very low number of investors either they are direct ...

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  • TKARACHI  - Cotton ginners have demanded the government to announce support price on war footing basis to protect cotton industry.Experts believed that in the current scenario of heavy rain fall in Punjab also created fear about the upcoming crop of the cotton as heavy downpour expected to ...

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  • TKARACHI - The ongoing political turmoil is affecting the money market, which is unable to fulfill the demand of intending pilgrims seeking Saudi currency ahead of Haj, The Nation has learnt.Most of the dealers in money market are failing to provide Saudi Riyal to their customers due to high demand ...

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