Business
Industrialist demand revised bills minus ISPA charges
Power ministry must intervene to resolve ISPA issue: Suleman Chawla Karachi, April 23, 2020: President SITE Association of Industry, Suleman Chawla has demanded Ministry of Power to restrain K-Electric from collecting ISPA charges from the industrial consumers and immediately issue revise bills minus ISPA charges with one week extended, last date for payment for the current…
Stock gains 387 points on Wednesday
Karachi, April 23, 2020: Market traded range bound for most of the session, with Cement, Banks and Engineering (Steel) sectors facing selling pressure, whereas Oil & gas stocks trading green. International crude price rebounded overnight for WTI to trade +15 percent from its previous close and helped OGDC, PPL and HASCOL hitting upper circuits. Sentiment…
SBP ask banks to stop dividend disbursement
Karachi, April 22, 2020: Amid the growing concerns of COVID – 19 pandemic, State Bank of Pakistan (SBP) has, thus far, announced a number of regulatory relief measures for the financial sector and real economy. These measures are primarily aimed at ensuring the safety and soundness of banking sector while enhancing their lending capacity to support the economic activities in…
Getz Pharma plant shutdown for COVID-19 screening of employees and their families
Karachi, April 22, 2020: Getz Pharma is proud to announce that it is the first and only organization in Pakistan to have taken the initiative of testing each and every employee for Covid-19, and to close its factory and head office in Karachi, completely, till every employee has been tested. “Getz Pharma Cares for your…
Cement sales up 14pc in March 2020
Karachi, April 22, 2020: Cement industry clocked in sales of 3.7 million tons during Mar’20 against 4.3 million tons SPLY, down 14 percent YoY. However, for 9MFY20 dispatches were up by 7 percent YoY. The 9MFY20 increase in numbers is attributable to double digit growth of 25 percent in exports, along with local dispatches posting…