Special incentives announced for Construction industry
The government has announced special incentives for the construction industry to help jump start the country’s economy amid COVID-19 outbreak The incentives include (i) those who would invest in the industry this year would not be asked questions about the source of income; (ii) a fixed tax for construction sector is being introduced at per […]
OGDCL contributed salaries and Quarantine Centre
All employees of OGDCL has contributed their two-day salary in the PM’s Relief Fund reputable to mitigate financial sufferings of the people affected due to COVID-19 outbreak. Shahid Saleem Khan, MD/CEO OGDCL, has given a cheque of 5.3 million rupees to Nadeem Babar, Special Assistance to Prime Minister for PM’s Relief Fund. He shared his […]
Oil consumption reduced by 29%
The oil sales in the country have weakened by 29 percent on year-on-year basis to 1.03 million tons in March 2020, lowest monthly sales since 2006. The oil sales in March 2019 were 1.46 million tons. On month-on-month basis, the oil sales decreased by 7 percent in March 2020 as compared to 1.11 million tons […]
Work to be resumed on CPEC projects
The National Coordination Committee with Prime Minister Imran Khan in chair has decided to reopen work on China-Pakistan Economic Corridor (CPEC) projects. Following the decision to reopen work on China-Pakistan Economic Corridor (CPEC) projects, the construction industry has been reopened from April 3 along with the massive relief package announced by the government. The government’s […]
Importers/Exporters demand storage charges waived off
The importers and exporters in Pakistan have urged the Prime minister waive of all storage and demurrage charges at the ports and all the terminals of Pakistan from 17th March, 2020 to 20th April, 2020 as a special circumstance. The containers are stuck at ports due to lockdown piling up millions in stogare charges. Leader […]
Engro and Hercules group contributed RS.1bn to PM relief fund
Mr. Hussain Dawood, on behalf of Engro Corporation and Dawood Hercules Group, has promised Rs. 1 Bn to reduce the spread and impact of the COVID-19 crisis. He admired the efforts of the government and other organizations who have stepped up to this challenge. This contribution will be directed towards at disease prevention, protecting and […]