Pakistan’s overall cement sales decline 14% in March
KARACHI: Pakistan’s overall cement dispatches recorded a decline of 14% YoY during the month of March 2020, ending at 3.72mn tons compared to 4.34mn tons... Read more
View ArticlePSX launches Surveillance System Pilot version
Karachi: Pakistan Stock Exchange integrated and successfully completed the pilot run of the Surveillance system in the last week of March 2020 in close coordination... Read more
View ArticleUtility Stores Corporation to buy 200,000 tons of sugar from millers, stockists
KARACHI: Utility Stores Corporation (USC) is procuring 200,000 tons of white refined sugar from millers and stockists as marked difference in sugar prices from the... Read more
View ArticleNearly 70 percent of the export orders lost: FPCCI
KARACHI: Exporters have lost nearly 70 percent of the export orders due to lockdown, and in order to complete the remaining, industry need government support... Read more
View ArticleSave Industries & protect worker’s jobs SAI appeals Govt to finalize COVID-19...
Karachi: President Site Association of Industry(SAI) Suleman Chawla, has appealed to the Sindh government to provide SOPs with immediate effect instead of shutting down industries... Read more
View ArticleEngro Fertilizers sets up quarantine facility and distributes 1500 ration bags
Karachi: As part of its ongoing efforts to support the district authorities and Daharki community amid the Coronavirus outbreak, Engro Fertilizers has converted its Technical... Read more
View ArticleImplementation of IFRS 17 ‘DEFERRED’, Being Hailed
The Convener of FPCCI Standing Committee on Takaful & Window Takaful Mr. Muhammad Kamran Saleem has hailed the decision of IASB to further defer the... Read more
View ArticleDraft of Sindh COVID-19 Emergency Relief Ordinance not acceptable: KCCI
KARACHI: Karachi Chamber of Commerce & Industry (KCCI) said the draft of Sindh COVID-19 Emergency Relief Ordinance prepared by Sindh Government is not acceptable. Chairman... Read more
View ArticleLockdown Effects the Price Of New Infinix S5Pro
Islamabad: As the Pakistani Rupee has depreciated significantly against the US Dollar, the leading online-driven smartphone brand of the country, Infinix, has just announced the... Read more
View ArticlePCDMA seeks ‘Relief Package’ to save commercial importers from bankruptcy
Karachi: Chairman Pakistan Chemicals & Dyes Merchants Association(PCDMA) and former director Karachi Stock Exchange Amin Yousuf Balgamwala has seeked ‘Relief Package’ to save commercial...
View ArticleSBP introduced new refinance scheme to avoid layoff of workers
KARACHI: To support the employment of workers in the face of economic challenges posed by the spread of COVID-19, the State Bank of Pakistan (SBP),... Read more
View ArticleCar sales plunge 70% in March amidst COVID-19 lockdown
KARACHI: Car sales (as reported by PAMA) have plunged by 70% YoY and 43% MoM in Mar-2020 amidst the lockdown in the country due to... Read more
View ArticleFPCCI counteracts shippers’ reasons for not waiving detention charges
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has reacted to the claims of shipping lines that they would suffer loss if... Read more
View ArticleIndustrialists welcome “Refinance Scheme” to protect industrial workers from...
Karachi: North Karachi Association of Trade & Industry (NKATI) has lauded “Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of... Read more
View ArticleSECP relaxes licenses renewal requirement for insurance brokers, Surveyors, ASOs
ISLAMABAD: Amid outbreak of COVID-19 (Coronavirus) in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) realizing the difficulties face by insurance brokers, insurance surveyors,......
View ArticleHuawei Maintains Steady Growth in the Enterprise Market
Karachi: Huawei has confirmed steady growth in the enterprise market, achieving global sales revenue of USD12.8 billion—up 8.6% year-on-year. Huawei’s enterprise business has become one... Read more
View ArticleMastercard inks agreement with Askari Bank to bring innovative payment...
KARACHI: Mastercard has signed an agreement with Askari Bank Pakistan for a multifaceted partnership to enhance customer experience and launch new products for a growing... Read more
View ArticleEngro Donates PKR 50 million to GoS Corona Emergency Fund
Karachi: Engro Energy Limited – part of Engro Corporation – today donated PKR 50 million to the Government of Sindh Corona Emergency Fund. The donation... Read more
View ArticleSindh Government receives 15,000 COVID 19 testing kits from Getz Pharma
Karachi: Pakistan’s leading pharmaceutical company, Getz Pharma donated 15000 testing kits as well as 1.9 million tablets of Hydroxychloroquine to the Sindh government to help... Read more
View ArticleFPCCI finalizes proposals for the upcoming budget; seeks reduction in tax rates
KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has finalized its proposals for ensuing federal budget, and recommended to reduce the tax rates... Read more
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