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Karachi: US dollar, against Pakistani rupee, increases in the interbank market by 5 paisa on the first day of the business week. According to the data released by the State Bank of Pakistan, the US currency became 5 paise more expensive on Monday. The dollar rose from Rs 160.75 to close at Rs 160.80 Interbank …
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Karachi: Hutchison Ports Pakistan is proud to have another record for handling the maximum number of TEU’s on a single vessel, achieving yet another memorable milestone. For the first time in Pakistan, a container terminal has handled 9,334 TEU’s – total units 5419, with a VOR of 149.49 moves per hour, and in a total …
ISLAMABAD: To further improve the security of electronic filings and company registration process, the Securities and Exchange Commission of Pakistan (SECP) has integrated its eServices with Pakistan Mobile Number Portability (MNP) Database (Guarantee) Limited to verify the cell number of applicants against their CNICs. The verification of the cell phone number of directors and sponsors …
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KARACHI: Employers’ Federation of Pakistan (EFP), is holding its well sought and prestigious event “Employer of the Year Award 2019-20” for the 8th year on March 16, 2021, at Karachi. This event provides a platform and an opportunity to recognize companies that have created a stimulating and supportive work environment that fosters employee engagement, resulting …
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Karachi: Peek Freans Sooper, Pakistan’s Best Selling biscuit brand, manufactured by English Biscuits Manufacturers (Private) Ltd, recently launched its new and iconic packaging under the tagline “Seedhi Sadhi Khushi ka Maza”, its first packaging change in 16 years. From the time of its launch, Peek Freans Sooper has been known as the best in its …
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Karachi: The industry will face the ever severe situation in the wake of discontinuation of gas supply to captive power generation for general industry from 1st February and the export-oriented sectors from 1st March 2021 leaving a severe impact on the economy and exports of Pakistan. This was stated by Mian Nasser Hyatt Maggo, President …
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Karachi: Khurshid Barlas President of Pakistan Chapter, UK Pakistan Business Council, hosted a brunch at his home to pay homage to the Ambassadors and members of the Economic Journalists Forum. At the event, Federal Minister for Railways Azam Khan Swati was present as a Chief Guest, Group Leader Sohail Altaf, RCCI. Along with President RCCI …
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Karachi: CNG stations in Sindh will remain closed for the sixth day, the stations that were open today have been declared closed for another 24 hours. Read more, Pakistan conducts successful flight test of Shaheen-3 missile The gas crisis in Sindh has intensified. CNG stations in Sindh will remain closed for the sixth day, that is, …
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Karachi: Last year in December PTI’s government faced backlash over the failure to attract liquefied natural gas (LNG) bids from international companies, but eventually the inability turned into a blessing as Pakistan was able to buy LNG at low rates. Last week, the supply defaults of liquefied natural gas (LNG) by two international state-owned firms, …
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Karachi: Monetary Policy Statement issued by State bank of Pakistan. 1. At its meeting on 22nd January 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. The MPC noted that since the last meeting in November, the domestic recovery has gained some further traction. Most economic activity data and …
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Karachi: Chief Executive Officer – K-Electric Mr Moonis Alvi, informed that K-Electric’s BQPS-III, 900 MW power plant is under rapid development work. BQPS-III, Gas Turbine and Steam Generator for First Unit of 900 MW Power Plant Arrive at Bin Qasim Power Complex. The Oil & Gas Regulatory Authority (OGRA) has already given approval to Electric to lay …
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Karachi: The rate of 24 karat gold has been increased by Rs. 300, making the gold prices to reach Rs. 112,850 per tola. While the rates of 10 grams of gold have increased by Rs 257. One tola of gold is worth Rs. 112,850 and 10 grams of gold is worth Rs. 96,750. In the …
Karachi: Haleeb Foods (HFL) the pioneer dairy and beverage company of Pakistan has joined hands with Careem, the Super traveling App in Pakistan. Through this partnership, HFL employees will be facilitated with safe and convenient day to day traveling. A signing ceremony was held to mark the occasion at HFL, Head Office in Lahore. Faisal …
Karachi: Today, the price of 24 karat gold has been further reduced by Rs. 500, bringing the price of gold per tola to Rs. 112,400. The price of gold per tola has declined by Rs. 500 while 10 grams of gold has decreased by Rs. 429. Consequently, one tola of gold is worth Rs. 112,400 …
KARACHI: Member Inland Revenue – Operations, Federal Board of Revenue (FBR) Dr. Muhammad Ashfaq Ahmad has said that for the next budget, FBR’s priority is to cut the cost of doing business, get rid of excessive taxation, reduce compliance cost and set businesses free so that they could have minimum interaction with tax authorities and …
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Karachi: The Khan-led government, today, is likely to increase the rate of petroleum commodities by Rs 5 to 7 per liter. A report of The Oil & Gas Regulatory Authority (OGRA) has been sent to Prime Minister Imran Khan as he is the ultimate authority to make the decision. Prices of petroleum products are likely …
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Karachi: the prices of Gold fell by Rs 500 to Rs 112,900 per told. The rate of 10 grams of gold fell by Rs 428 to Rs 96,794. Gold rates fell by 16 dollars to 1839 dollars an ounce in the global market.
Karachi: In an exciting development at Pakistan Stock Exchange, a Gong Ceremony was held to mark the listing of preference shares of Engro Polymer & Chemicals Limited (EPCL). The said listing which brings forth a new investment opportunity from EPCL, took place on 31st December, 2020. To open the trading day, the gong was struck …
The Oil and Gas Regulatory Authority (Ogra) denied news making rounds on media on Thursday about recommending the government to increase in petrol prices. “Reports that are spreading on media relating to the rise in prices of petroleum products are uncorroborated,” clarified a spokesperson. The sources in the petroleum division informed that Ogra has proposed …
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Karachi: State Bank of Pakistan (SBP) has been voted as the Best Central Bank in promoting Islamic finance for the fourth time by a poll conducted by Islamic Finance News (IFN), REDmoney Group Malaysia, today. This is the second international award bestowed upon SBP for Islamic Banking during FY2021. Earlier the Global Islamic Finance Awards …
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Karachi, January 13 : Federal B Area association of trade and industry (FBATI) has demanded immediate removal of all taxes
Elon Musk returned the crown of being the world’s richest man to the CEO of Amazon Jeff Bezos when the founder of Tesla lost $13.5 billion in a day. However, the story took a surprising turn. the founder of Tesla and SpaceX surpassed Jeff Bezos on January 7 and became the wealthiest person on the …
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Karachi: Byco Petroleum Pakistan Limited, Pakistan’s largest oil refining company, reached a key milestone in its Upgrade 1 project by beginning civil works construction on 9th January 2021 at the site earmarked at its refining complex for the construction of the project. In an Extraordinary General Meeting held on 2nd April 2020, Byco had announced …
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