Business
KSE 100 closed decreased on -1.91pc
Karachi, March 04, 2021: Throughout the day, the KSE 100 remained in bearish momentum as the result of senate elections wreaked havoc on sentiment. Selling pressure was witnessed across the board where stocks such as LUCK (-2.5 percent), TRG (-3.3 percent), BAFL (-1.7 percent), HUBC (-1.7 percent), FFC (-1.3 percent) and UBL (-2.2 percent) lost…
KSE-100 closed with increase of 0.4pc
Karachi, March 03, 2021: Market traded in the positive zone for good part of the session in excitement of Senate Elections. Besides, energy chain remained recipient of fresh flows from investors on the back of release of funds from Government in conclusion of deal with IPPs. Other than Banks and E&P stocks, overall market saw…
KE committed to bringing Karachi to power surplus situation by 2022, despite challenges
Karachi, March 03, 2021: K-Electric remains committed in bringing Karachi to a power surplus position by 2022 through a series of planned investments across the power value chain. These investments, which would be subject to regulatory approvals will allow KE to benefit consumers and the economy at large. This was stated by Aamir Ghaziani, Chief Financial…
PYMA urged Govt to allow duty-free yarn import from India
Karachi, March 03, 2021: Hanif Lakhany, Senior Vice Chairman Pakistan Yarn Merchants Association(PYMA) and Vice Chairman Farhan Ashrafi, has expressed deep concern over the unavailability of cotton yarn and the price reaching an all-time high, asked the government to immediately allow duty-free import of yarn & cotton from other countries, including India to save the textile…
Steel Merchants seeks restoration of all tax exemptions for Fata & Pata
Karachi, March 02, 2021: All Iron Steel Merchants Association has asked The Federal Board of Revenue (FBR) to restore all tax exemptions available to the people of Federally Administered Tribal Areas (Fata) and Provincially Administered Tribal Areas (Pata). According to Budget proposal submitted by All Iron Steel Merchants Association, the exemption from sales tax will remain…