Business
Incremental benefit must be passed on to Karachi industrial units: FBATI
The government and concerned authorities should release the allocated funds on account of incremental benefit subsidy electricity to industrial units of Karachi, mainly Small and Medium Enterprises (SMEs) to prevent the closure of large-scale economic activities and layoffs in different sectors of commercial and industrial hub of the country, said President Federal B Area Association…
PSX closes on negative note, losses 60.68 points
The 100-Index of the Pakistan Stock Exchange (PSX) shed 60.67 points on Friday, showing a negative change of 0.08 percent, closing at 78,045.31 points against 78,105.98 points on the last working day. A total of 600,719,724 shares were traded during the day as compared to 591,065,051 shares the previous day, whereas the price of shares…
KCCI demands release of pending Rs33 billion against incremental consumption
Karachi: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to his discussions with industrial town associations in connection with delays in release of funds against incremental consumption of electricity during COVID-19 pandemic, urged the government to immediately release the remaining amount of Rs33 billion to Karachi industries so that their…
Engro fertilizers launches UgAi app to revolutionize agriculture with advanced technology, direct purchasing
Karachi, August 12, 2024: Engro Fertilizers Limited, Pakistan’s premier seed-to-harvest solutions provider, has introduced “UgAi”, a groundbreaking mobile application that brings advanced agricultural technology to Pakistani farmers. This first-of-its-kind solution integrates satellite imagery and drone technology, and enables farmers to purchase high-quality fertilizers directly from the Company. By eliminating intermediaries, UgAi will ensure farmers receive…
9th Footwear manufacturers show, 25 cos exhibited leather products
Lahore, August 11, 2024: Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan and Federal Minister of Commerce Jam Kamal Khan while addressing the 9th Footwear Manufacturers Association Show said that the present Government intends to increase investment in the country and for this purpose we are making serious efforts to put…