Business
Daraz launches Humqadam program with Rs 4.5 crore subsidy to facilitate businesses transitioning online
Karachi, May 01, 2020: Daraz, the leading online marketplace in the country, has launched the Humqadam program to lessen the financial duress on small-and-medium enterprises during a period of economic instability caused by the outbreak of the COVID19 pandemic. With the Humqadam program, Daraz is offering a subsidy of PKR 4.5 crore to small-and-medium businesses…
KSE100 index gained 3.8 percent on WoW basis
Karachi, May 01, 2020: KSE 100 index gained 3.8 percent on WoW basis, this gain can largely be attributed to E&P sector, as the index heavy weight gained on the back of recovery in international crude oil prices. Expectation of lower inflation number for the month also kept the investor sentiment upbeat (CPI for April…
Govt. cuts petroleum prices up to Rs 30
Islamabad, April 30, 2020: The federal government on Thursday announced to cut the petroleum products prices up to Rs 30 per litre following the massive fall in the crud oil prices in the international market. According to notification MS petrol price has been reduced by Rs 15 per litre. The new petrol price will be…
Nestlé Pakistan announces financial results for Q1 2020
Karachi, April 30, 2020: Nestlé Pakistan posted a revenue of PKR 29.8 billion, an increase of 2.6 percent compared to the same period last year, despite many difficulties emanating from COVID-19 crisis. Juices and water as well as products for out-of-home channel were severely impacted by the lockdown. In addition, Afghanistan border closure had a…
PSO regains market share, earns PAT of Rs. 3 bln in 9MFY2020
Karachi, April 30, 2020: Pakistan State Oil (PSO), the leading oil marketing company of Pakistan, convened its Board of Management (BoM) meeting on April 29, 2020 to review the company’s performance during the nine months of fiscal year 2019-20 that concluded on March 31st, 2020. Despite serious challenges faced by the economic and business world…