Business
NKATI appeals Prime Minister for “No tax no refund”
17pc sales tax on five zero-rated sectors should be abolished: Capt. A Moiz, Naseem Akhtar Karachi, June 01, 2020: Capt. A Moiz Khan, patron-in-chief, North Karachi Association of Trade and Industry (NKATI) and President Naseem Akhtar have appealed Prime Minister to relief for export-oriented industries in the view of the severe economic crisis around the…
FPCCI conducting survey to identify problems with economy and trade due to COVID-19
Karachi, June 01, 2020: Mian Anjum Nisar President FPCCI and Mr. Sheikh Sultan Rehman Vice President FPCCI seeking feedback from Trade and Industry to find problems emerged out due to COVID-19. The FPCCI is trying to identify ways so that it would be able to support the business community effectively during the COVID-19 pandemic. In…
May’20 Inflation settled at 8.22 pc YoY
Karachi, June 01, 2020: As per the Pakistan Bureau of Statistics (PBS), CPI for the month of May’20 clocked-in at 8.22 percent YoY (in line with expectations) compared to 8.38 percent YoY in May’19 and 8.53 percent in Apr’20, respectively. According to Arif Habib Securities, this took the 11MFY20 average inflation to 10.94 percent against…
Pakistan Stock Exchange closed by +90pts
Karachi, June 01, 2020: Market traded in a narrow range today between +131 points and -111 points closing the session +90 points. E&P, Banking scrips largely remained positive, whereas Cement, Fertilizer and Pharma stocks faced selling pressure. Diminishing prospects of a further rate cut caused investor to shift focus on other sectors. Today’s release of…
Emirates Airline announces layoff due to COVID-19
Karachi, May 31, 2020: One of the world’s leading airline Emirates has decided to layoff a number of the workforce due to the COVID-19 pandemic crisis in the aviation industry. Emirates Airline in a statement said that in this difficult time the airline has decided to say goodby to some of the people. Emirates spokesperson…