Business
Oil sales up 41pc MoM as transport picks-up
Karachi, June 02, 2020: Pakistan oil sales for May-2020 are likely to increase by 41 percent MoM on resumption of inter-city transport post the relaxations in lockdowns amidst COVID-19 outbreak. That said, impact of COVID-19 still remains visible in volumes with decline of 12 percent YoY expected. High Speed Diesel (HSD) sales are expected to…
Pakistan Stock Exchange closed with an increase of 386pts
Karachi, June 02, 2020: Market went up today on the back of banking sector that gained prominence post Eid. Yesterday’s performance of Index also came largely from Banking sector and today’s continuation gave investors the confidence to invest more. A couple of factors that helped Investors make a buying stance on Banking sector have been…
Restoration of zero-rating of sales tax to exporters demanded by PAKSEA
Karachi, June 02, 2020: The value added textile export sector has reached to the verge of disaster due to severest ever liquidity crisis in the history of Pakistan caused due to imposition of 17 percent sales tax in last budget whereby liquidity worth billions of rupees has been stuck up with the Government. Last year,…
PSO has ample fuel reserves to meet nation’s needs
Karachi, June 02, 2020: Pakistan State Oil has repudiated the news circulating in some sections of the media fomenting speculations about shortage of fuel in the country. PSO has clarified that there is no imminent shortage of fuel in the country as company has ample fuel reserves in its stocks and it’s being dispensed off…
Nationwide petroleum crisis, dealers demand transparent inquiry
Delayed petrol imports shaped crisis, Govt lost billions in revenue Masses deprived of the benefit of reduced petroleum prices New pricing formula needed in the changed scenario: Ghiyas Paracha Karachi, June 02, 2020: The All Pakistan Petroleum Retailers Association has demanded a detailed probe into nationwide fuel shortage and asked the authorities to fix the…