Business
Pakistan’s textile exports decline 6 pc
KARACHI, July 20, 2020: Pakistan textile export fell by 6 percent during the last fiscal year (FY20) mainly due to COVID-20, which impacted economies worldwide. Pakistan’s textile export declined to $12.5 billion end of the FY20, compared to $13.3 billion in the previous year, a plunge of some $800 million in exports in a year….
PSX up 3.2 pc in a week
Karachi, July 19, 2020: The KSE100 index of Pakistan Stock Exchange (PSX) continued its bull trend this week, closing up 3.2 percent (WoW) to at 37,331 points levels. According to JS, concluding this week, the benchmark index has so far gained by 8.5 percent in Jul-2020. The sanguinity sustained with increasing investor participation as volumes…
Bahria Town terminated agreement With Airlift
ISLAMABAD, 17 JULY 2020: Upon the intervention of the Competition Commission of Pakistan (CCP), Bahria Town Lahore has terminated its exclusive agreement with Airlift Pvt. Ltd to solely provide public transport within the town, which had created entry barrier for Airlift’s competitors and deprived the residents of transportation choice. The residents of Bahria Town Lahore…
SBP grants approval for pilot operation of “PayFast”
Karachi: July 17, 2020: The State Bank of Pakistan (SBP) has granted approval for pilot operation to APPS for ecommerce payment gateway “PayFast”. PayFast brings the ultimate and innovative solution to address the pain points of digital payments industry of Pakistan. Pakistan has over 80 million 3g / 4g subscribers, and a huge potential of…
Zero gas pressure in Site industries
Karachi, july 16, 2020: President of SITE Association of Industry Suleman Chawla, has expressed deep concerns over very low gas pressure in SITE area Karachi and demanded the SSGC to immediately restore gas of industrial sector with required pressure to continue the industrial production otherwise, production will come to a halt completely. In a statement issued,…