Ghulam Abbas

Islāmābād Capital Territory

Senior Business Reporter at Pakistan Today

Journalist, Reporter @ePakistanToday, @Profitpk, @brecordernews, @Dailyk2_GB, Retweets are sometimes endorsement

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Articles

PTC(Pakistan Tobacco Company) calls for strict enforcement as illicit cigarette trade surges

3 weeks ago | profit.pakistantoday.com.pk | Ghulam Abbas

ISLAMABAD: In a pre-budget media briefing, Asad Shah, Director of the Pakistan Tobacco Company (PTC), raised serious concerns over the growing dominance of illicit cigarette trade in Pakistan, which he described as the “current market leader” in the industry. Shah revealed that illicit cigarettes now account for 58% of the market share, while the total annual volume of the cigarette industry stands at approximately 82 billion sticks.
Senate body urges swift development of electric vehicle infrastructure

3 weeks ago | profit.pakistantoday.com.pk | Ghulam Abbas

ISLAMABAD: The Senate Standing Committee on Industries and Production has urged the government to expedite the development of Electric Vehicle (EV) infrastructure to encourage EV adoption across the country. The committee, chaired by Senator Aon Abbas, convened at the Parliament House to review the current state of EV usage in Pakistan and the status of related policy development.
Stakeholders welcome government’s plan to launch Maritime Chamber of Commerce

3 weeks ago | profit.pakistantoday.com.pk | Ghulam Abbas

ISLAMABAD: Stakeholders across the maritime sector have welcomed the new initiative announced by Federal Minister for Maritime Affairs, Junaid Anwar Chaudhry, to establish a ‘Maritime Chamber of Commerce and Industry’ (MCCI), which will bring together all maritime-related industries under one unified platform.
Food ministry directed to step up rice consignment inspections

4 weeks ago | profit.pakistantoday.com.pk | Ghulam Abbas

ISLAMABAD: The National Assembly Standing Committee on Commerce, chaired by MNA Muhammad Jawed Hanif Khan, has once again urged the Ministry of National Food Security and Research to strengthen administrative oversight of rice consignments, particularly in light of continued export disruptions.
Ministry, sugar mills agree to third-party audit; temporary price cut until Eid

1 month ago | profit.pakistantoday.com.pk | Ghulam Abbas

ISLAMABAD: Federal Minister for National Food Security and Research, Rana Tanveer Hussain, chaired a follow-up meeting with sugar mill owners and key stakeholders on Wednesday to discuss transparency and pricing in the sugar sector. As per details, it was agreed that a mutually approved third-party audit firm will be appointed to independently assess sugar production costs. The move aims to ensure transparency in cost determination and to establish a data-driven pricing framework moving forward.
Steel and Ceramic sectors warn of shutdown over tariff review

1 month ago | profit.pakistantoday.com.pk | Ghulam Abbas

ISLAMABAD: As the government deliberates tariff rationalization under its upcoming industrial policy, Pakistan’s key manufacturing sectors—steel and ceramics—have sounded the alarm over potential plant closures, mass layoffs, and accelerated de-industrialisation if immediate safeguards are not enacted.
Auto sector warns of shift to imports if Govt slashes duties without clear policy

1 month ago | profit.pakistantoday.com.pk | Ghulam Abbas

ISLAMABAD: Local automobile assemblers and auto parts manufacturers have warned the government that any unilateral reduction in import duties on vehicles—without a transparent and long-term policy—could force them to abandon domestic production in favour of imports.
Tobacco exports crosses $100 million amid push for policy certainty

1 month ago | profit.pakistantoday.com.pk | Ghulam Abbas

ISLAMABAD: Pakistan’s tobacco exports have crossed the $100 million mark, signaling a notable uptick in foreign exchange earnings from the sector. The development comes as the federal government moves to streamline regulatory processes and offer policy support to sustain export momentum.
Business confidence turns positive, reveals OICCI

1 month ago | profit.pakistantoday.com.pk | Ghulam Abbas

ISLAMABAD: Business sentiment in Pakistan has improved significantly, according to the latest Business Confidence Index (BCI) Survey, Wave 27, released by the Overseas Investors Chamber of Commerce and Industry (OICCI). Conducted across major business centers in Pakistan during March and April 2025, the survey reflects a notable 16-percentage point jump in business confidence, rising from -5 percent in October–November 2024 to +11 percent.
IT sector warns of relocation if tax reforms are not carried out

1 month ago | profit.pakistantoday.com.pk | Ghulam Abbas

ISLAMABAD: The information technology (IT) sector has issued a stern warning to the government, right before the announcement of the budget. The industry said that leading companies may shift operations abroad if conducive policies and reforms in the tax regime are not introduced as soon as possible.