Business
Non-removal of anomalies put importers in trouble
Karachi, July 6, 2020: Non-removal of anomalies put importers in trouble and they have expressed reservations over non-removal of budget anomalies by ignoring their recommendations and requested for a review Chemical importers have demanded to restore 2 pc income tax on commercial importers and withdraw the decision to increase the income tax rate to 5.5…
Daraz and Telenor partner to enable accelerated digitization
Karachi, July 06, 2020: Daraz has signed a partnership with Telenor Pakistan to offer customers access to prepaid packages and package bundles for mobile recharge on the leading eCommerce platform along with exclusive offers. The new partnership stands in line with the two companies’ commitment towards digitalization in Pakistan to offer enhanced convenience and customer…
JS Bank crosses Rs. 400 billion in deposits
Karachi, July 06, 2020: JS Bank’s deposits continued to grow and crossed Rs 400 billion (approx. USD 2.3 Billion) mark. Acknowledged as one of Pakistan’s largest SME banks and mortgage providers offering diverse individual and institutional banking solutions; JS Bank has been recognized by the State Bank of Pakistan as the best performer under the…
Oil sales up 19pc YoY all-time high MS and 24-month high HSD sales
Karachi, July 02, 2020: Pak Oil sales for Jun-2020 are likely to increase by 9 percent MoM as economic activities have picked up following government’s easing of COVID-19 related lockdowns. The same is also up 19 percent YoY owing to low prices (reportedly smuggling of petroleum products into Pakistan was also very nominal as price…
KE teams removed non-electricity wires and hazardous switches removed from electricity poles
Karachi, July 02, 2020: Continuing the drive to against unlawful encroachment of power infrastructure, K-Electric teams removed over 2000 kilograms of internet and TV cables and hooked connections from power poles. The drive was carried out in parts of Ibrahim Hyderi, Sector 50/A, 32/A, Ilyas Goth and Usman Dawood Goth in Korangi and Landhi. Furthermore,…