Business
Pakistan Stock Exchange closes higher
Karachi, May 29, 2020: Market traded in the positive zone today, which was primarily caused by slight improvement in international crude prices (as compared to yesterday). E&P, OMCs largely remained positive, whereas Cement and Banking sector scrips also rebounded from recent lows. Cement Sector stocks saw an attrition of 10 percent in the past couple…
Pakistan stock exchange market closes lower
Karachi, May 28, 2020: Market opened on a negative on Thursday and maintained the negative trajectory, realizing a loss of 238 points during the session and closing -141 points. International crude prices slipped overnight to trade near US$31.5/bbl, which was approx. 4 percent down from the level KSE100 saw on last Thursday, before the market…
No fuel shortage at Byco outlets
Supply Continues Despite Holiday Excess Demand Karachi, May 27, 2020: Byco Petroleum Pakistan Limited (BPPL) has assured its customers that its continuous supply of petroleum products is being ensured at all petrol pumps of the company across Pakistan. Regarding reported shortage at Karachi retail outlets, Byco’s General Manager, Petroleum Marketing Business, Mr. Mudassar Qadeer, said:…
Export of mango in deep water this year
Karachi, May 22, 2020: The export of Pakistani mango faces stiff challenge of it’s history this year due to coronavirus Pandemic coupled with serious negative impact of the climatic changes. Low production of mango as result of the climatic changes and strict global lockdown led to sharp decline in demand of Pakistani mango by the…
Motiwala demands restoration of zero-rated facility for export sectors
Karachi, May 20, 2020: Patron of SITE Association of Industry Zubair Motiwala has once again drew the attention of the federal government towards the difficulties being faced due to inability of fully automated sales tax refund system (FASTER) by Five Zero Rated Export Sectors namely Value Added Textile, Sports Goods, Surgical goods, Leather and Carpet…