Author: admin

KARACHI: 3P Plas Print Pack Pakistan – Pioneer and the Biggest Exhibition, for the plastic, printing, and packaging industries, kicked off at the Karachi Expo Centre. The exhibition, organized by Fakt Exhibitions (Pvt) Ltd was inaugurated by Muhammad Yaseen Shar, Secretary Industries, Government of Sindh. At the opening ceremony, Muhammad Yaseen Shar praised Fakt Exhibitions for bringing together global industry leaders under one roof. He said the exhibition not only highlights the latest machinery and technologies. He also stressed the importance of responsible plastic use, sustainable packaging, and innovation to tackle climate change and environmental challenges. This year’s exhibition has…

KARACHI: The State Bank of Pakistan (SBP) has announced that donations for the Prime Minister’s Relief Fund for flood, earthquake and other calamities can now be deposited in a single dedicated account, with all commercial and microfinance banks directed to accept contributions through cash, cheques, internet and mobile banking channels In order to facilitate donors a single account has been opened in SBP vide IBAN: PK69FGPM0024 632999990624 for collection of donations to the Fund. SBP has directed all commercial and microfinance banks to receive donations in cash or cheques at all their branches across the country for onward credit to…

ISLAMABAD: Pakistan and Turkiye have pledged to further deepen longstanding fraternal relationship across trade, investment, defence, and strategic sectors, the Foreign Office (FO) spokesperson said on Wednesday. The Turkish Minister of National Defence Yasar Güler visited Pakistan on 8-10 September 2025 to lead the Turkish delegation for the 16th Session of the Pakistan-Türkiye Joint Ministerial Commission (JMC), the FO statement added. It is worth mentioning that during President Tayyep Erodogan’s visit to Pakistan, both nations had committed to boosting bilateral trade volume to $5billion from the current $1.4 billion. According to the FO statement, Minister Güler called on Prime Minister…

ISLAMABAD: Reaffirming its commitment to strengthening small and medium enterprises (SMEs) as engines of sustainable growth at the D-8 ministerial level conference, Pakistan on Wednesday invited investors to invest in the SMEs sector, which presents immense potential for investment and trade development. This was stated by Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, while addressing the first virtual meeting of the D-8 countries on SMEs. He said that Pakistan’s SMEs sector consisted of diverse industries like textiles, apparel, leather, sports goods, surgical instruments, information technology, light engineering, agro-based products, and food processing, which…

KARACHI: Pakistan’s export sector has taken a major leap towards sustainability with the Green Pakistan Project (GPP), which is being hailed as a milestone for transparency, compliance, and international standards. Towel Manufacturers Association of Pakistan (TMA) Chairman Ather Bari on Wednesday praised the initiative, saying it had set a new direction for industries. “The Green Pakistan Project has set a new standard for our industries by incorporating sustainability into business practices,” he said. “When world markets are calling for environmental responsibility, this project keeps our exporters competitive, compliant, and ready for the future.” For the first time in Pakistan’s trade…

ISLAMABAD: The Federal Board of Revenue (FBR) will issue a new Customs General Order (CGO) for disposal of tampered and confiscated vehicles. A tax expert informed that mostly confiscated vehicles are used by senior customs officials and courts decisions are not implemented to hand over the confiscated vehicles to the right owners, who won cases in appeals, customs tribunals and courts. Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar chaired a committee meeting Wednesday to review existing laws and policies regarding tampered and confiscated vehicles. A sub-committee was tasked with devising a comprehensive mechanism for their disposal. After detailed deliberations,…

ISLAMABAD: The Senate Standing Committee on Finance has asked Secretary Ministry of Finance and Governor State Bank of Pakistan (SBP) to appear before the committee in its next meeting and give details about the latest salary pay packages of Governor/Deputy Governor SBP. Senator Saleem Mandviwalla chaired the Senate Standing Committee on Finance and Revenue held on Wednesday at Parliament House to discuss the “The Virtual Assets Bill, 2025”. The Senate Standing Committee on Finance has also raised question about the fixation of salary of Governor SBP and the Deputy Governor through their Board of Directors. Ministry of Finance officials distanced…

David Webb, a Hong Kong corporate governance activist who is battling terminal cancer, issued an open letter criticising Hong Kong fashion retailer Bauhaus International Holdings’ decision to buy a residential property instead of making a dividend payout.Webb holds more than 8 per cent of the company’s shares and is the second-largest shareholder after the chairman, Winnie Tong She-man, who controls 58.9 per cent, according to a recent Hong Kong public filing.The open letter, published on Wednesday on his platform Webb-site.com, referred to Bauhaus’ purchase agreement for a residential flat in Kowloon’s Laguna City at a price of HK$8.32 million (US$1.07…

Before 2022, Sister Vassa Larin was best known as an Orthodox nun who taught thousands on YouTube about saints and holy days. She became one of the most prominent female intellectuals in Orthodoxy — widely respected within the highly patriarchal religion where all clergy and bishops are male.Then Russia invaded Ukraine.Larin publicly opposed it.Eventually her bishop revoked her status as a nun.He had essentially sought to silence her, ordering her to cease her media work, Larin said. When she balked, he removed her as a nun. That decision was ratified in May by the Synod of Bishops in the Russian…

Malaysian low-cost airline AirAsia has shown strong interest in acquiring the Chinese C919 passenger jet, its executive said, as part of its strategy to tap into Southeast Asia’s 700 million-strong population and capitalise on growing China-Asean business ties.“We’re in active discussions to buy the C919,” Tony Fernandes, CEO of Capital A – an investment holding company of AirAsia – told the Belt and Road Summit in Hong Kong on Wednesday.“We’re the first foreign airline to be working with Comac [on a deal for the C919],” he added, referring to the Commercial Aircraft Corporation of China – the state-owned manufacturer of…