Business

LAHORE: The Lahore High Court on Monday dismissed a long pending set of petitions filed by almost all the industries challenging the establishment of the Competition Commission of Pakistan (CCP) and the competence of parliament to enact a law on the subject of competition. Initially, the LPG (liquefied petroleum gas) Association of Pakistan had filed a petition before the high …

ISLAMABAD: The ministry of science and technology has decided to outsource inspection of the mandatory food and non-food items. The ministry floated the information on its website, but officials and the experts in various departments of the ministry expressed concern over the plan. Currently, quality and standard of over 160 items are mandated for inspection to the Pakistan Standards and …

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,365 new companies in September, indicating an increase of 69 per cent as compared to corresponding period last year. Out of these newly registered, 68pc companies were registered as private limited companies, 29pc were registered as single member companies and 3pc were registered as public unlisted companies, not for profit …

Increasing wheat imports along with those of tea, palm oil, spices and sugar caused a whopping jump of 56 per cent in the country’s food import bill in the first quarter of 2020-21. It amounted to $1.71 billion in the three-month period. In 2019-20, the food import bill plunged 4.31pc to $5.42bn. In September alone, the food import bill stood …

LAHORE: The Orange Line Metro Train, the country’ first electricity-run mass transit project, was inaugurated on Sunday with the ruling PTI and opposition squabbling over the credit. Punjab Chief Minister Sardar Usman Buzdar, Chinese Consul General Long Dingbin and Transport Minister Jahanzeb Khan Khichi jointly inaugurated the project by pressing a button, allowing Punjab Mass Transit Authority (PMTA) to start …

ISLAMABAD: The Natio­nal Assembly will organise a two-day seminar beginning on Monday titled “Pakistan-Afghanistan Trade and Investment Forum 2020” to explore opportunities to boost trade and investment between the two countries. Prime Minister Imran Khan will speak at the seminar as the chief guest. Others who will speak on the occasion include NA Speaker Asad Qaiser, Adviser to PM on …

A two-day seminar for exploring opportunities to boost investment and trade between Pakistan and Afghanistan began in Islamabad on Monday. On the invitation of National Assembly Speaker Asad Qaiser, a 17-member Afghan parliamentary delegation, led by Speaker of Wolsey Jirga Mr Rahmani, arrived in Islamabad to participate in the seminar, titled Pakistan-Afghanistan Trade and Investment Forum 2020. Speaking at the …

DUBAI: Dubai has anno­unced a new 500 million dirhams ($136.14m) stimulus package to support the local economy, taking Dubai’s total stimulus measures this year to 6.8 billion dirhams, the crown prince of the emirate said on Twitter on Saturday. “The private sector is a major partner in Dubai’s development process, and we have adopted a set of new exemptions for …

SHANGHAI: The mammoth dual listing for Chinese fintech giant Ant Group will be the world’s biggest, according to a pricing determined on Friday night, Alibaba founder Jack Ma said on Saturday. “It’s the first time that the pricing of such a big listing — the largest in human history – has been determined outside New York City” he told the …

ISLAMABAD: After getting clearance from the Planning Commission, the ‘Locust Emergency and Food Security’ project is now ready for implementation and will be submitted for formal approval at the next meeting of the Executive Committee of National Economic Council (Ecnec), the Ministry of National Food Security and Research has announced. The three-year project, for which the World Bank has approved …