Business
KE profit slips during Q1 period!
Karachi, December 01, 2020: The Board of Directors of K-Electric Limited (KE) in its meeting held on November 27, 2020, at the KE head office, approved the Company’s financial results for the quarter ended September 30, 2020. KE reported a net profit amounting to PKR 1.111 billion for the quarter ended September 30, 2020, translating into…
An appeal to PM for uninterrupted gas supply to the industries
Low gas pressure hampering 50pc production: NKATI Karachi, December 1, 2020:Â Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), while protesting against the promise of Sui Southern Gas (SSGC) and non-supply of gas to industries, asked Prime Minister Imran Khan to take notice and to issue directives for supplying gas with the…
KSE-100 increases by 3% MoM in November
Karachi, December 1, 2020: During November, the market provided a return of 3percent MoM, closing above 41k levels (41,069) after closing below 40k in the preceding month. So far in 5MFY21, the KSE–100 has provided a healthy return of 19.3percent Among the major sectors, top performers on MoM basis included Engineering (22.4percent), Technology & Communication…
E-commerce clearance facility to support exports in post-corona era: PRGMEA
PRGMEAÂ chief asks govt. to also launch Digital Market Policy in consultation with stakeholders Karachi, November 30, 2020: The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) on Monday appreciated the efforts of Pakistan Customs to develop an e-commerce automated clearance facility in collaboration with the State Bank, saying the move will prove to be very…
Bank Alfalah introduces PM’s Roshan Digital Account to Dubai Expats
Karachi, November 26, 2020: At an exclusive event hosted for Non-Resident Pakistanis in Dubai, His Highness Sheikh Nahayan Mabarak Al Nahayan, Chairman of Bank Alfalah, introduced the Roshan Digital Account, an initiative of the Government of Pakistan and State Bank of Pakistan (SBP). At the occasion, His Highness, Sheikh Al Nahayan said “Pakistan, by several…