Business
CNG sector should not be burdened with subsidy of other sectors
Petrol and CNG price difference must for survival of later: Ghiyas Paracha Karachi, May 04, 2020: The All Pakistan CNG Association (APCNGA) on Monday said the compressed natural gas sector is at the verge of destruction due to parity between the price of petrol and local gas. The price of gas should have been reduced…
PSX index decline 195pts on Monday
Karachi, May 04, 2020: Market saw some profit booking today on the back of developing situation on international front and reclining oil prices, which also came down after posting significant gains last week. E&P and OMCs traded considerable volume and largely maintained a higher average than last trading session. Banking sector stocks, on the other…
Pakistan’s cement sector paying highest taxes in region
Karachi, May 02, 2020: The cement industry is paying Rs 195 per bag taxes which are highest in the region, besides 50 percent increase in transportation cost after implementation of axel load policy resulted into the huge losses by the industry during the last nine months. The cement manufacturing units started incurring losses after the…
Daraz launches Humqadam program with Rs 4.5 crore subsidy to facilitate businesses transitioning online
Karachi, May 01, 2020: Daraz, the leading online marketplace in the country, has launched the Humqadam program to lessen the financial duress on small-and-medium enterprises during a period of economic instability caused by the outbreak of the COVID19 pandemic. With the Humqadam program, Daraz is offering a subsidy of PKR 4.5 crore to small-and-medium businesses…
KSE100 index gained 3.8 percent on WoW basis
Karachi, May 01, 2020: KSE 100 index gained 3.8 percent on WoW basis, this gain can largely be attributed to E&P sector, as the index heavy weight gained on the back of recovery in international crude oil prices. Expectation of lower inflation number for the month also kept the investor sentiment upbeat (CPI for April…