Business
Value added mineral export is future of Pakistan: EFP President
Karachi, September 14, 2020: In a statement, EFP Chief said that there are 42 types of minerals available in Balochistan out of 92 totally available in all over Pakistan, none of which are refined but simply exploited and exported, thereby widening the unemployment gap. These resources will come to an end if we do not…
NKATI demands to save Garment Industry from disaster
Karachi, September 11, 2020: Nasim Akhtar, President North Karachi Association of Trade & Industry (NKATI), has requested Prime Minister Imran Khan to reduce taxes & duties to save Pakistan’s garment industry from disaster. He demanded to impose a ban on baby baba garment’s import to protect local industry, so that millions of workers can be…
Oracle announces fiscal 2021 first quarter financial results
GAAP EPS up 16 percent year-over-year to $0.72, non-GAAP EPS up 15 percent to $0.93 Fusion ERP cloud revenue up 33 percent, NetSuite ERP cloud revenue up 23 percent Karachi, September 11, 2020: Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q1 results. Total quarterly revenues were up 2 percent year-over-year in USD and in…
Engro Fertilizers and MCB Bank introduce first Electronic Bank Guarantee solution in Pakistan
Karachi, September 08, 2020: Engro Fertilizers Ltd and MCB Bank Ltd have partnered to accelerate digitization of financial products and developed Pakistan’s first-ever solution to electronically manage bank guarantees. With businesses adopting virtual operations and enforcing minimal physical interaction in the wake of COVID-19, Engro Fertilizers Ltd engaged MCB Bank Ltd, one of the leading…
SITE demands to defer income tax notices for 6 months
Karachi, September 08, 2020: Suleman Chawla, President of SITE Association of Industry, has expressed grave concerns over sending of Income Tax notices to industries by the FBR and has requested FBR Chief Muhammad Javed Ghani to defer these notices for at least six months in the wake of current economic situation of the country so…