Further hike in gas tariff to cripple CNG sector
KARACHI: The All Pakistan CNG Association (APCNGA) on Tuesday said budget proposal to increase the tariff of natural gas for the troubled CNG industry by... Read more
View ArticleSECP promotes ease of doing business for mutual funds
ISLAMABAD:Securities and Exchange Commission of Pakistan (SECP) has revamped the regulatory framework for the mutual funds industry with an aim to meet the changing industry... Read more
View ArticleFertilizer sales surge 40 percent due to forward buying ahead of price increase
KARACHI: National Fertilizer Development Center (NFDC) released fertilizer data for the month of May’19 wherein total fertilizer offtakes clocked-in at 940k tons, depicting a hefty... Read more
View Article10-paisa/unit increase in power tariff approved by Nepra
ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Wednesday approved an increase of 10 paisa per unit in tariff for consumers of Distribution Companies for... Read more
View ArticleJBS & 1LINK Sign Contract for VMware Based SDDC (Software Defined DataCenter)
KARACHI: Jaffer Business Systems (JBS) and 1LINK have partnered to enhance the overall infrastructure of banking sector with modern technology transformation. JBS solution will support... Read more
View ArticleSECP reaffirms commitment to the development of insurance industry
KARACHI: The Chairman, Securities Exchange Commission of Pakistan (SECP), Farrukh Sabzwari, has reaffirmed his commitment to the continued development of insurance industry in Pakistan. He... Read more
View ArticleJapan Airline willing to start flight on Islamabad-Bangkok-Tokyo route
ISLAMABAD: Japanese Ambassador Kuninori Matsuda has mentioned that PIA has two weekly flights on the route of Islamabad-Beijing-Tokyo, so Japan Airline wants to start flight... Read more
View ArticlePakistan equities decline 3.5% amid economic uncertainty
KARACHI: Pakistan Stock Exchange (PSX) ended another stressful week (and an equally stressful financial year) in the red as benchmark KSE-100 index closed the week... Read more
View ArticleFinance Act limits financial assistance to PQA, CAA and NADRA
KARACHI: The federal government has limited the financial assistance in a given year for Port Qasim Authority (PQA), Civil Aviation Authority (CAA) and National Database... Read more
View ArticlePakistan’s overall petroleum products sales decline 25pc in FY19
KARACHI: The economic slowdown and significant increase in petroleum prices due to rupee devaluation crumbled overall petroleum sales, which declined 25 percent for the year... Read more
View ArticleSECP issues draft Collateral Management Companies Regulations, 2019
ISLAMABAD: In order to promote electronic trading and warehouse receipt financing of agricultural commodities, the SECP has formulated draft Collateral Management Companies Regulations, 2019 under......
View ArticlePakistan finalizes policy amendments to attract foreign investors ahead of...
KARACHI: Pakistan government has finalized modifications in the Petroleum Policy to attract foreign companies, which would be affected in the next three to four months;... Read more
View ArticleK-Electric reports PKR 10.4 billion profit for the FY2017
KARACHI: The Board of Directors of K-Electric Limited in its meeting held on July 04, 2019 at KE head office, approved the Company’s financial results... Read more
View ArticleGovernment and SSGC serious in controlling the menace of gas theft: Special...
KARACHI: Nadeem Babar, Special Assistant to the Prime Minister of Pakistan on Petroleum held wide ranging talks with the SSGC management on the menace of... Read more
View ArticleProfit rates on savings schemes raised by up to 2.3 percent
KARACHI: The government on Thursday increased profit margins on all national savings schemes (NSS) by up to 2.3 percent to bring the NSS rates in... Read more
View ArticlePVC margins are at an 8-year high
KARACHI: During June 2019, Polyvinyl Chloride (PVC) margins went up by 28.6% MoM to USD 513/ton. However, Purified Terephthalic Acid (PTA) and Polyester Staple Fiber... Read more
View ArticlePakistan equities gain 0.9% as funds start flowing from multilateral lending...
KARACHI: Despite closing two of the five trading sessions in the red, Pakistan Stock Exchange (PSX) closed the week ended July 5, 2019 with a... Read more
View ArticleKarachi Tajir Action Committee announces three-day shutter-down strike from...
KARACHI: Karachi Tajir Action Committee, a union of Karachi’s traders associations, has demanded of the government to rescind certain taxation measures notified in the Finance... Read more
View ArticleInefficiencies in electricity transmission and distribution sector cause loss...
KARACHI: The National Electric Power Regulatory Authority (NEPRA) has noted with concern that during FY2017-18, distribution companies (DISCOs) contributed the loss of more than Rs45... Read more
View ArticleVanaspati manufacturers demand withdrawal of additional duties, tax on...
KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) has demanded to abolish additional 5.0 percent custom duty and 3.0 percent value added tax on imported edible oils.... Read more
View Article