Karachi, January 23, 2020: Market traded in the range of -122 points and +345 points, closing the session at -54 points. Cement Sector stocks performed well on the expectation of rate hike in North and meeting among Cement manufacturers. However, later during the session the expectation did not materialize which resulted in Cement stocks losing…
United Nations, January 23, 2020: Pakistan has called on the United Nations (UN) to respond to the challenges posed by the unilateral moves on the status of Jerusalem and the expanding Israeli settlements in the occupied Palestinian territory that have undermined the prospect of peace in the Middle East. “The United Nations, including the Security…
Karachi, January 23, 2020: The Government’s decision to withdraw GIDC on fertilizer sector will result in a lot of ambiguity pertaining to future urea prices since the GIDC is not payable on the complete gas mix of all the fertilizer manufacturers. Fatima Fertilizers has GIDC payable on none of its Feed gas whereas Engro Fertilizers’…
Karachi, January 22, 2020: Current President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Anjum Nisar has rigged the elections by getting himself enlisted in final list of voters on two separate associations: Pakistan Footwear Manufacturers Association (PFMA) and Pakistan Chemical Manufacturers Association (PCMA) which is in a clear violation of Trade Organizations…
Karachi, January 22, 2020: Indus Motor Company (IMC) has won the Corporate Social Responsibility Award 2020, for its contribution towards sustainable development of society which has been recognized by the National Forum for Environment & Health, Karachi. The Award Distribution Ceremony was held at a local hotel in Islamabad. Mr. Malik Ameen Aslam, Federal Minister…