Monitoring Report

Headlines

The letter stated the company needs to provide the land mortgage documents in favour of Faysal Bank against the financing sought as security

Headlines

Mr Usmani has been serving at Mashreq Bank and his previous experience includes stints as global head of wholesale banking at Abu Dhabi Islamic Bank PJSC, managing director and country officer of Citibank NA Pakistan

As per the envisaged plan, the FBR has determined a plan to levy a tax on all those smuggled phones which are presently inactive and are stocked in shops as unsold

Economy

Sindh government charges development cess at a rate of 1.15% on all LNG imports since it has not interpreted LNG as a petroleum product

Economy

According to the International Air Transport Association (IATA), the country’s air traffic is projected to grow in double digits, however, local aviation traffic has increased a meagre 3%

Economy

For resuscitating these SOEs, the incumbent government has decided to devise a relevant governance structure taking into consideration the best global practices implemented in Malaysia and Singapore

Economy

The world’s largest automobile manufacturer in partnership with Premier Systems Private Limited, which is the authorized importer of Audi vehicles in Pakistan, will assemble Amarok, Transporter T-6, Caddy and Skoda in Pakistan

Economy

The prime minister said investors should be facilitated in making money and said that wealth creation enables a country to grow

Economy

The government officials have clearly stated that no such conditions would be accepted which impact the country’s welfare and sovereignty

Economy

The second and third tranche are expected to be received over the course of next two months from Saudi Arabia