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 …
Category Archives: Business
Ogra denies rumors about rise in petrol prices
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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SBP voted as the best central bank for promoting Islamic finance
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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FBATI demandes immediate removal of all taxes on cotton
Karachi, January 13 : Federal B Area association of trade and industry (FBATI) has demanded immediate removal of all taxes
Who is World’s richest, Jeff Bezos or Elon Musk?
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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Byco Begins Civil Works On FCC, DHDS Units
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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Cryptocurrency down by 200 billion in 24 hours
Karachi: The deliberate decline in the market value of cryptocurrency by 200 billion in 24 hours. Market analysts have called the decision “risky” for investors. According to Forbes Magazine, 200 billion has been wiped off from the market in the last 24 hours. The decline was recorded after the cryptocurrency’s market value rose 100 percent …
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Saudi Arabia announces new petrol prices
Karachi: Saudi Aramco has issued new rates for January 2021 with the increase in petrol prices. According to the new rates released by Saudi Aramco, the rate of 91 petrol has been fixed at 1.62 riyals per liter while the price of octane 95 has been fixed at 1.75 riyals per liter. The new prices …
Export of kinnow suspends due sit –ins of protesters at different places in Karachi
The exporters are likely to face huge financial losses due to the inaccessibility of export containers of kinnow to the seaport. According to reports, 400 export containers of kinnow worth USD 4.6 million are standing still awaiting transportation to the seaport. If the reefer containers are not supplied with electricity to maintain the specific temperature, …
Bitcoin is sold more than $35,000 for the first time in Asia
Karachi: Bitcoin, rises to $35,879 on Wednesday, was trading above $35,000 for the first time in Asia. The world’s most famous cryptocurrency, on Dec 16, 2020, had reached $20,000 for the first time almost three weeks earlier. Bitcoin hit a peak of $20,800 and gained 170pc or more for the year 2020 which remained in …
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