KARACHI: Ismail Suttar, president Employers Federation of Pakistan(EFP) & chairman Economic Council has urged the Governor of State Bank of Pakistan, Mr. Reza Baqir to further reduce policy rate by 300 basis points. He maintained that the recent stimulus measures will not be sufficient and will exacerbate the prevailing recession. Businesses and SMEs will face severe liquidity crunch in running …

DUBAI:Dubai Real Estate Centre, the flagship real estate company of A.R.M. Holding, announced a AED 2 million contribution to the “10 million meals” campaign, the UAE Leadership’s latest in a string of initiatives that offer respite to those affected by the coronavirus outbreak. The campaign, which will continue throughout the holy month of Ramadan,is launched by the Social Solidarity Fund …

BANGKOK: THAI Airways International Public Company Limited (THAI) celebrates its 60th birthday anniversary with the THAI 60th Anniversary, Earn x3 ROP Miles promotion offering triple mileage to Royal Orchid Plus (ROP) members who make reservations and issue tickets via thaiairways.com between 1-2 May 2020. Mr. Wiwat Piyawiroj, THAI Executive Vice President, Commercial, said that the THAI 60th Anniversary, Earn x3 …

By Khurram Schehzad Government has passed on petroleum product prices today by an average 26%, or PKR 22/ltr on average, from last levels, which is 70% of what has OGRA suggested . CNG prices are also down by ~15%. With this, impact on Inflation, Revenues and Relief efforts is expected/estimated to be as follows: 1)- Inflation This 26% decline on …

MANAMA: In line with national efforts aimed at combating the Coronavirus (COVID-19), Gulf Air, the national carrier of the Kingdom of Bahrain, in coordination with a number of Bahraini enterprises specialising in medical supplies, assisted in the importation of 9 tons of medical items needed to mitigate the spread of the COVID-19, as well as general medications, medical equipment and hygienic …

News Desk KARACHI: In line with the Ministry of Energy’s directives, Industrial Support Package (ISPA) arrears for the period July-December 2019 were applicable in March 2020. However, in light of the current COVID-19 crisis and the resulting unprecedented situation, K-Electric, on the request of industrial consumers, extended relief to the industrial sector by deferring the collection of Industrial Support Package (ISPA) …

News Desk KARACHI: Catwalk Event Management and Productions is organizing a Virtual Fashion Show to recognize and pay tribute to the front liners, volunteers who have worked day and night to fight against this pandemic and those who despite their own well-founded fears, are stepping directly into COVID-19’s path to aid the afflicted and help halt the virus spread. Virtual …

DUBAI: KitKat Arabic Coffee is coming this Ramadan, with the beloved confectionary brand launching a new edition with an Arabic twist to meet local consumer demand for a flavor inspired by “Gahwa,” as Arabic coffee is socially referred to in the region. “We understand the cultural value of coffee time in the region, and are always listening to KitKat enthusiasts, many of …

News Desk LAHORE: Nestlé Pakistan posted a revenue of PKR 29.8 billion, an increase of 2.6% compared to the same period last year, despite many difficulties emanating from COVID-19 crisis. Juices and water as well as products for out-of-home channel were severely impacted by the lockdown. In addition, Afghanistan border closure had a major impact on the exports. Net profit for …

KARACHI: METRO Pakistan as part of its METRO Humanity Program gave opportunity to its employees to donate and participate in the national relief efforts for deserving families directly affected by the COVID19 lockdown. The entire donation amount collected was used to buy food hamper filled with essential food supplies and were handed over to the Provincial Disaster Management Authority (PDMA) at …