Business
Govt. cuts petroleum prices up to Rs 30
Islamabad, April 30, 2020: The federal government on Thursday announced to cut the petroleum products prices up to Rs 30 per litre following the massive fall in the crud oil prices in the international market. According to notification MS petrol price has been reduced by Rs 15 per litre. The new petrol price will be…
Nestlé Pakistan announces financial results for Q1 2020
Karachi, April 30, 2020: Nestlé Pakistan posted a revenue of PKR 29.8 billion, an increase of 2.6 percent compared to the same period last year, despite many difficulties emanating from COVID-19 crisis. Juices and water as well as products for out-of-home channel were severely impacted by the lockdown. In addition, Afghanistan border closure had a…
PSO regains market share, earns PAT of Rs. 3 bln in 9MFY2020
Karachi, April 30, 2020: Pakistan State Oil (PSO), the leading oil marketing company of Pakistan, convened its Board of Management (BoM) meeting on April 29, 2020 to review the company’s performance during the nine months of fiscal year 2019-20 that concluded on March 31st, 2020. Despite serious challenges faced by the economic and business world…
Industrialists appeal CM Sindh to don’t end lockdown
Karachi, April 30, 2020: Patron in Chief North Karachi Association of Trade & Industry (NKATI) Capt. A Moiz Khan and president Nasim Akhtar have expressed grave concern over rumors of end or easing of lockdown across Sindh, including Karachi, and appealed to Chief Minister Sindh Syed Murad Ali Shah to continue lockdown for prevention of…
PSX index closed with an increase of 953pts
Karachi, April 30, 2020: Just before the long weekend, Market went north today with a jump of 1020pts during the session, closing +953 points, courtesy of rising crude oil prices, expectation of rate cut and relaxation in lockdown. Activity was observed across the board, with major contribution from oil and gas stocks i.e. E&P, OMCs,…