Business
Pakistan fighting against India’s GI claim on Basmati
Karachi, December 17,2020: Rice Exporters Association of Pakistan (REAP) is fighting the battle against India’s claim on geographical indicator (GI) of Basmati in EU. After the announcement of application of India for GI in European Journal, the first step was to stop India from proceeding further in its registration of GI in European Commission by…
KSE-100 market index closed at an increase of 406pts
Karachi, December 17, 2020: The benchmark KSE100 index closed with a gain of 406 points at a level of 43,767 after making an intraday high of +433 points. The market remained bullish with oil stocks being the major movers. As international oil prices hit a nine-month high, PPL (2.3 percent), POL (0.7percent) and OGDC (1.6…
Engro Fertilizers becomes the only company from Pakistan to win (APEA)
Karachi, December 17, 2020: Engro Fertilizers Limited has been honoured with the prestigious Corporate Excellence Award at the Asia Pacific Enterprise Awards (APEA) 2020. Out of 16 nominations from all over Asia for Corporate Excellence Award in the manufacturing industry, Engro Fertilizers was selected as the first and the only company winner of the prestigious award from Pakistan….
Power generation rises up 7 percent in October 2020
Karachi, December 17, 2020: Power generation rose 7 percent YoY to 10,243GWh during Oct-2020. On a sequential MoM basis, the 21 percent decline in generation can be attributed lower power demand during colder months. During Oct-2020, top contributors to the fuel mix were Hydel (31.0 percent), RLNG (27.8 percent) and Coal (18.7 percent) cumulatively generating…
K-Electric earns Leeds Gold Green Building certification
Karachi, December 15 2020: At an inauguration ceremony held on World Energy Conservation Day, K-Electric (KE), in a power industry first, re-opened its Integrated Business center located at Tipu Sultan Road, Karachi, following renovation using energy efficient materials and processes which have earned it the prestigious LEED Gold Green Building certification. LEED is an international green…