ISLAMABAD ( BMZ REPORT ) The experts representing various key sectors of economy have suggested the federal government should redress the element of unpredictable taxation policy, lack of continuity across provinces and irrational investment policies in energy sector. They were also of view that these steps would be of fundamentalRead More →
ISLAMABAD ( BMZ REPORT ) The Government of Pakistan has released the second tranche of the long-awaited subsidy amount promised on fertilizers in the National Budget 2016-2017. It has been a generous incentive for the farmers by federal and provincial governments to reduce the prices of various types of fertilizersRead More →
ISLAMABAD ( BMZ REPORT ) Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that real estate sector was playing an important role in the economic development of the country, but was facing problems due to imposition of new taxes. He called upon the government to look intoRead More →
ISLAMABAD ( BMZ REPORT ) The Competition Commission of Pakistan (CCP) and the Pakistan Procurement Regulatory Authority (PPRA) signed a Memorandum of Understanding for strengthening public procurement and combating anti-competitive practices. The MoU was signed by Vadiyya Khalil, Chairperson CCP and Khizar Hayat Khan, Managing Director (MD), PPRA in aRead More →
ISLAMABAD ( BMZ REPORT ) The Competition Commission of Pakistan (CCP) has issued show cause notice to an online shopping platform, ‘Kaymu.pk’ for deceptive marketing practices with regard to the resolution of disputes between buyers and sellers, return policy, payment and shipping methods, and vague terms and conditions thus deceivingRead More →
ISLAMABAD ( BMZ REPORT ) Social Entrepreneurship has immense potential to contribute and to give boost to overall economy of Pakistan. Thus, in the wake of federal budget for the year 2017-18, it was advisable for the government to focus upon this under explored sector that was offering the solutionsRead More →
LAHORE ( MEDIA REPORT ) Hours after a memo stated ride-hailing services Uber and Careem are “illegal”, Chairman of the Punjab IT board Umar Saif said the approach is being “reviewed”. “This is being reviewed within the government,” Saif told Dawn.com in a telephone interview, when asked if the companiesRead More →
ISLAMABAD ( BMZ REPORT ) The Competition Commission of Pakistan (CCP) has cleared 69 pre-merger applications in 2016 under Section 11 of the Competition Act, 2010. Under Section 11, the undertakings intending to acquire the shares or assets of another undertaking, or two or more undertakings intending to merge andRead More →
ISLAMABAD ( MEDIA REPORT ) Interior Minister Chaudhry Nisar Ali Khan has taken strong notice of the agreement signed by National Database and Registration Authority (NADRA) with MasterCard for financial transactions. According to a statement issued by Interior Ministry, the said agreement has been signed without taking written permission fromRead More →
ISLAMABAD ( BMZ REPORT ) The Competition Commission of Pakistan (CCP) has passed an order imposing fines of PKR 62.29 million on Engro Foods Limited (EFL), PKR 2 Million on Noon Pakistan Limited (NPL), and PKR 500,000 on Shakarganj Foods Products Limited (SFP) for violating Section 10 of the CompetitionRead More →
LAHORE ( HAFEEZ REPORT ) Fauji Fertilizer Company (FFC) has been recognized by United Nations Global Compact (Pakistan Network) as the best in Business Excellence Awards-2015 “Large National Category”. The award was received by Brigadier Abid Mahmud (Retd), Head of CSR Department FFC. This award is in recognition to theRead More →
ISLAMABAD ( BMZ REPORT ) The Competition Commission of Pakistan (CCP) has issued show cause notice to a Lahore-based real estate company, M/s Vision Developers (Pvt) Limited, for prima facie deceptively marketing a housing scheme in the name of ‘Park View Villas’ without obtaining approval of the concerned authorities, thusRead More →