Business
Urea sales to jump 74pc YoY in Jun-2020
Karachi, July 01, 2020: Pakistan urea sales in Jun-2020 are expected to jump by 74 percent YoY, to clock in at 1,115k tons after clarification on Urea subsidy. The sales are likely to be highest recorded in the month of June during the last five years. Recall that in May-2020, dealers and farmers held back…
PSX market closes higher despite attack
Karachi, June 29, 2020: Market had an eventful session, marred by the attack on Pakistan Stock Exchange in the early hours of trading, which was fought off and well managed by the Security forces. The index went down by 220 points in the early part of the session, but gradually recovered with +268 points and…
K-Electric Board expresses concern about power situation on account of fuel shortage
Karachi, June 26, 2020: In the K-Electric Board Meeting held on June 25, the Board expressed serious concerns about the inconvenience suffered by KE’s valued customers due to frequent power outages resulting from KE’s inability to procure adequate fuel stock. The meeting was chaired by Mr. Riyadh S. A. A. Edrees, with other Board members and…
CCP asks airlines to pay damages to mango exporters
Karachi, June 25, 2020: The Competition Commission of Pakistan (CCP) has asked cargo operating airlines to pay compensation to mango exporters if their consignments of mangoes are damaged during the flight and the process of logistics and handling under their operation. The commission, in this regard, passed an order addressing the issue of mandatory filing…
NKATI demands PM to reduce 20pc gas tariff
Karachi, June 24, 2020: Capt. A Moiz Khan, patron-in-chief, North Karachi Association of Trade and Industry (NKATI) and President Naseem Akhtar have appealed to Prime Minister Imran Khan to reduce 20 percent gas tariff given the significant reduction in energy prices in global markets and economic crisis due to COID-19, so that to reduce the…