Business
Lockdown forced industrial workers on starvation
SITE industrialists call to utilize SESSI, EOBI ad Workers Welfare Funds to compensate workers Karachi, April 02, 2020: Suleman Chawla, President, SITE Association of Industry calls for the utilization of SESSI, EOBI and Workers Welfare Fund for the industrial workers to save them from starvation. He appealed to Sindh government that 16 to 17 thousand…
Pakistan stock market closed on a positive note
Karachi, March 31, 2020: Market opened on a positive note today with 62 points and did not see back since then. The ascent continued till 1311 points in the benchmark index and closed the session +1242 points (unadjusted). The overriding factor that helped investors take a positive view on the market seems to be weakening…
Lootah expresses intention to acquire some 51pc shares in Summit Bank
Islamabad, March 30, 2020: A Dubai based business tycoon, Nasser Abdulla Hussain Lootah, has expressed intention to acquire some 51 percent share of the Summit Bank Limited. The consummation of the transaction is subject to receipt of all regulatory and corporate approvals, including but not limited to approvals from the State Bank of Pakistan (SBP),…
GOP to declare export at par with essential services
PM to given instructions to Pak Missions abroad to recommend buyers not to cancel orders of Pakistani Exporters: PHMA Chairman Salamat Ali Karachi, March 30, 2020: “Textile Export Industries appeal the Prime Minister of Pakistan to consider export at par with essential services and give special instructions to the Ambassadors, Consul Generals and Trade Officer/…
PCDMA demands to waive income, sales tax, WHT & other audit notices for 2 months
CNIC condition should be deferred for 6 months due to COVID-19 Pandemic: Amin Yousuf Balgamwala Karachi, March 30, 2020: Pakistan Chemicals & Dyes Merchants Association (PCDMA) chairman and former director Karachi Stock Exchange Amin Yousuf Balgamwala has protested against notices sending to commercial importers and demanded to withdraw all notices. In a statement, chairman PCDMA…