Business
Petroleum dealers are at brink of bankruptcy
Govt must intervene immediately to save petroleum sector, new profit formula imperative for dealers: Ghiyas Paracha Karachi, April 20, 2020: Leader of the Petroleum Dealers Association and All Pakistan CNG Association Ghiyas Abdullah Paracha on Monday said the petroleum dealers have reached to the brink of bankruptcy due to uncertain conditions and nationwide lockdown. The…
PSX gains 668 points on Monday
Karachi, April 20, 2020: Market continued the ascend on Monday after posting the historical gains on Friday, when the market witnessed halt due to 5 percent cap on index. Market went up by 1026 points during the session and saw profit booking earlier in the session that brought the gains below +300 points. Cement sector…
Sindh Govt & restaurant owners agreed on SOPs to prevent coronavirus outbreak
Taxation relief to be considered for restaurant’s owners: Saeed Ghani, Labour Minister Delivery, takeaway to be allowed from 11am to 12pm during lockdown: Athar Chawla Karachi, April 20, 2020: The Sindh government and the All Pakistan Restaurant Association (APRA) have agreed on SOPs to ensure safety measures to prevent COVID-19. Restaurants will only be allowed…
COVID-19: SOPs for workplaces and industry revealed
Karachi, April 19, 2020: The government has announced Standards Operating Procedures (SOPs) for workplaces and industry in wake of Coronavirus. In view of the spread of corona virus and resulting disease (Covid-19) and deaths worldwide and also due to increasing number of cases in Pakistan as well as in Sindh the Government of Sindh passed…
Economists, associations hail government’s concessional package for construction Industry
Islamabad, April 19, 2020: Prominent economists, experts and associations had hailed the concessional package, announced by the government, for construction industry through amendments in the Income Tax Ordinance (2001) to provide tax relaxation to the builders and developers in the existing COVID-19 pandemic situation. “In the current COVID-19 pandemic situation, when whole global economy is…