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Articles for tag: Bijli, businessmen, call, inefficient, Latest, Package

October 26, 2025

News Desk

Businessmen call the new ‘Bijli Package’ inefficient

They argue that it will not provide meaningful tariff relief, leaving industries uncompetitive Power lines connecting high-voltage electricity pylons are seen during sunset at a power substation on the outskirts of Ronda, during a blackout in the city, Spain, April 28, 2025. Source: REUTERS LAHORE: The Pakistan Business Forum (PBF) has expressed its disappointment over the recently announced Roshan Maeeshat Bijli package, saying it will not effectively reduce the cost of doing business or make local industries competitive. He called the offer ineffective as it would not address the core issue of high energy tariffs. In a statement, PBF chairman

September 30, 2025

News Desk

The UAE enters four new categories of visiting visit

The United Arab Emirates has introduced four new categories of visit visas and the updates for several existing licenses, the Federal Identity, Citizenship, Customs and Port Security Authority Khaleej Times reported on Monday. The decision is part of the country’s push to attract specialized professionals, businessmen and visitors, especially in technology, artificial intelligence, entertainment and tourism. The new categories include an entry visa for artificial intelligence experts, which are granted for single or multiple trips by letter from a sponsor from a recognized technological institution and entertainment view for foreigners visiting for short -term entertainment purposes. Also read: The UAE

February 10, 2025

News Desk

The Prime Minister shares financial progress with Pakistani investors, businessmen in Dubai

Listen to the article Prime Minister Shehbaz Sharif, addressed to Pakistani investors and businessmen in Dubai on Monday, said Pakistan’s economy is gradually improving at a macroeconomic level. It highlights the reduction in inflation to 2.4% in January 2025 and the 12% policy rate as indicators of positive economic tendencies. The prime minister underlined several basic achievements, including exports, especially in the IT sector, and records high foreign remittances of $ 3 billion in January. It attributes these improvements to the agreement with the International Monetary Fund (IMF), which brought stability to the Pakistan’s economic landscape. Prime Minister Shehbaz stressed

January 10, 2025

News Desk

Businessmen complain about the delay in issuing passports

Listen to the article KARACHI: Hyderabad Chamber of Small Traders and Small Industries (HCSTSI) President Muhammad Saleem Memon expressed grave concern over the inordinate delay in issuing passports, terming it unacceptable for a country with a population of nearly 250 million struggling with the basic task of issuing just 50,000 passports in day. He urged the government to take immediate and effective measures to address such challenges. The passporting system needs to be improved, along with the creation of job opportunities and a business-friendly environment, to prevent young people from leaving the country. He said delays in passport printing and

November 1, 2024

News Desk

Qatari businessmen express interest in Pakistan’s economic landscape in meeting with PM

Prime Minister Shehbaz Sharif in a meeting with representatives of the Qatar Business Association on November 1, 2024. — PID The Prime Minister presents Pakistan as an attractive investment destination. The meeting explores potential partnerships for development. The Prime Minister bid farewell at the Doha International Airport on his return. Prime Minister Shehbaz Sharif invited Qatari businessmen to invest in Pakistan’s key sectors during a meeting with representatives of the businessmen’s association, who expressed interest in the country’s economic landscape. The meeting with the Qatar Business Association (QBA) delegation was held in Doha, where the Prime Minister presented Pakistan as

October 1, 2024

News Desk

Sindh CM urges Chinese businessmen to invest in e-vehicles, waste to energy

Sindh Chief Minister Syed Murad Ali Shah in a meeting with a delegation of Chinese investors, led by Belt and Road Initiative Chairman Wan Xiaowu, held at the CM House in Karachi on October 1, 2024. PPI KARACHI: Sindh Chief Minister Murad Ali Shah said on Tuesday that his government will welcome Chinese public and private companies to invest directly in projects of their choice or enter into a public-private partnership with the provincial government. The premier made the remarks during a meeting with a delegation of Chinese investors led by Belt & Road (B&R) Group Chairman Wan Xiaowu. He

September 5, 2024

News Desk

Businessmen are calling for a 500 basis point cut in interest rates

KARACHI: Businessmen Group President Zubair Motiwala and Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Sheikh requested the State Bank of Pakistan (SBP) to announce a significant rate cut of at least 500 basis points to reduce the interest rate on 14.5% in the upcoming monetary policy statement. They cited the continued decline in inflation to 9.6% in August, while Moody’s recently upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3. In a joint statement on Wednesday, business leaders said that with inflation falling to its lowest level in three years,

July 19, 2024

News Desk

Wealthy businessmen are threatening to leave Britain over tax issues

LONDON: For ultra-rich businessman Bassim Haidar, living in London has become an expensive indulgence he can no longer justify. While new British Prime Minister Keir Starmer settles into No. 10 Downing St, Haidar is looking for homes in Greece and Monaco because a proposed overhaul of inheritance tax will make Britain a “no-go” zone for the rich, he says. Starmer says the overhaul will make Britain’s tax system fairer and raise funds for expanded public services. While he supports some reform, Haidar says the proposed changes could hurt the economy if international business owners choose to leave Britain or avoid

June 6, 2024

News Desk

Businessmen call for action against crime

KARACHI: Expressing concern over the recent targeted killing of business leader Asif Suleman Bilwani, businessmen and industrialists of Karachi appealed to the army chief, chief minister and Sindh CM to take immediate action against runaway crime rates, including target killings, crimes in street, armed robberies and other heinous crimes in the country’s financial hub. They demanded the arrest of the criminals behind the killing of industrialists and students within 72 hours or else they will launch a protest movement which includes sit-in and strike till peace is restored in the city. The classroom situation has been going from bad to

May 29, 2024

News Desk

The Youm-e-Takbir celebration was criticized

KARACHI: Business leaders have slammed the “unnecessary and abrupt” holiday observed for Youm-e-Takbir announced by Prime Minister Shehbaz Sharif, citing its detrimental impact on businesses and the national economy. Moreover, the sudden additional shutdown has almost a double impact as all scheduled deals and meetings are put on hold, they said. Expressing their concerns to The Express Tribune, they said the businesses were on the verge of finalizing their deals when the sudden announcement was made. They suggested that the government should either withdraw the notification or revise it by declaring a holiday only for schools instead of closing all

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