Business
Poultry sector hits an All-Time low in 2019
Karachi, December 27, 2019: The year 2019 has turned out to be another low-growth year for Pakistan’s poultry sector, which is at its all-time low, owing to various tax anomalies and the unfriendly export environment, as even those poultry businesses in Pakistan running state-of-the-art units now find it difficult to carry on. In the year 2019,…
Pharmaceutical goods’ export increase over 8pc in 5 months of FY 2019-20
Karachi, December 27, 2019: The exports of pharmaceutical product during the first five months of financial year (2019-20) grew by 8.66 percent as compared to the exports of corresponding period of last year. The pharmaceutical exports were recorded at $92.714 million during July-November (2019-20) as against the exports of $85.323 million during July-November (2018-19), showing…
Textile group exports increases 4.68pc in first five months of FY 2019-20
Karachi, December 27, 2019: Textile exports from the country during first five months of current financial year grew by 4.68 percent as compared to exports of the corresponding period last year. During the period from July-November 2019, textile worth US $ 5,763,614 million was exported as compared to the exports of US $ 5,506,045 million…
PSX index closed at an increase of 800pts
Karachi, December 26, 2019: Market moved up significantly by 820 points, primarily due to year-end closing that requires financial institutions to manage the equity portfolios to avoid impairments. Buying activity was observed across the board, but focusing on Oil & Gas chain, including E&P sector stocks that showed OGDC trading near upper circuit. Similarly, price…
Curtailment in gas supply By 50pc is life-threatening for export-oriented textile industries
Karachi, December 26, 2019: Mr. Zahid Mazhar, Chairman, All Pakistan Textile Mills Association (APTMA), Sindh-Baluchistan Region has demanded the government to restore full supply of gas to the industries located in the province of Sindh and Balochistan as the industries in these provinces can’t operate and fulfill their export commitments at 50 percent load supply….