The rate cut will not only give boost to local investment but can also woo foreign investors Finally, the State Bank of Pakistan (SBP) made a drastic cut of 100 basis points in the interest rate to bring it to an eight-year low of 8.5 percent for the next two months, which people hailing from trade and industry have taken positively and said it would help stimulate private sector …

  Extending technical assistance to other provinces; believes in ‘saving lives and changing minds’ The Punjab Emergency Service (Rescue 1122) is the largest emergency humanitarian service of Pakistan having an infrastructure in all 36 districts of Punjab and is providing technical assistance to other provinces. Rescue 1122 has rescued over 3.10 millions victims of emergencies through its Emergency Ambulance, Rescue & Fire services and Community Emergency Response Teams while maintaining …

  Upto 30 to 35pc regulatory duty on steel products required to provide level-playing field to local industry While the influx of Chinese steel in the country is hurting the local industry, the widening price difference is also causing surge in imports. Not only the private sector, but the Pakistan Steel Mills (PSM) is also facing a stiff challenge due to Chinese imports. The PSM is finding it very difficult …

  Fast food industry in Pakistan is likely to take an escalated boom this year The fast food industry in Pakistan is undergoing an escalated boom. Despite fierce economic competition, country’s this industry has managed to generate strong profits and is well-received by the local masses as well. Recent statistics have revealed that fast food industry is the second largest in Pakistan. Not only that, but this sector also accounts …

  Organization has positive impact in the fields of nutrition, water, environmental sustainability and rural development Started campaign to eradicate the challenges Pakistan’s children face Nestlé in Pakistan is operating since 1988 under a joint venture with Milk Pak Ltd and took over management in 1992. Nestlé is one of the top employers in Pakistan, creating jobs in the local economy. Over 170,000 dairy farmers benefit from Nestle elaborate milk …

  While the country possesses huge export potential in furniture, Pakistan Furniture Council (PFC)’s three-day 6th Interiors Pakistan exhibition has been opened at Lahore Expo Centre on Friday. The essence of the mega furniture exhibition was to promote furniture and associated products at local and international level. Members of diplomatic corps, leading businessmen, foreign delegations from China, Italy, United Kingdom, Turkey, Hong Kong, Thailand and, Bangkok are participating in the …

  Need stressed for reviving the spirit of Pakistan Movement Pakistan came into being on the August 14, 1947, after a long struggle under the leadership of Father of the Nation Quaid-e-Azam Mohammad Ali Jinnah. With Quaid’s deep vision, indomitable will, intelligence, dedication and courage, whom we Pakistanis call Quaid-e-Azam (the great leader), united the Muslims of the Indian Sub-continent under the banner of Muslim League. The golden principles Quaid-e-Azam …

  Mr. Abdul Sattar Edhi is the world’s great humanitarian, who led a life dedicated to serving others, and his determination to provide equal treatment for all regardless of nationality, ethnicity and religion makes him a revered humanitarian. Edhi’s name had become synonymous with charitable causes and because of his services he had achieved an almost saintly status in Pakistan. He devoted more than 60 years of his life to …

  Country needs quick reform measures to attract more tourists Pakistan is endowed with a rich and varied flora and fauna. High Himalayas, Karakoram and the Hindukush ranges with their alpine meadows and permanent snow line, coniferous forests down the sub-mountain scrub, the vast Indus plain merging into the great desert, the coast line and wetlands, all offer a remarkably rich variety of vegetation and associated wildlife including avifauna, both …

  BSH joins bandwagon and targeting to become No.1 home appliances supplier in Pakistan Seeing the huge potential of home appliances industry in Pakistan, more and more foreign brands and companies are investing here to capture the local consumer market. After the influx of Chinese companies like Changhong Ruba, BSH Hausgeräte GmbH, a 100-percent subsidiary of Robert Bosch GmbH Germany will also be soon launching Bosch home appliance products in …