Business
Low gas pressure, disrupting production activities in site industries, Suleman Chawla
Karachi, December 19, 2019: SITE Association of Industry President Mohammad Suleman Chawla Wednesday urged the Prime Minister to issue immediate instructions to Sui Southern Gas Company (SSGC) to ensure gas supply with full pressure to industries so that production activities could be run smoothly and foreign orders are fulfilled in time. Expressing concern over low…
Iftekhar Ahmed & Co. to invest Rs. 250mln to establish country’s first fresh-produce retail brand
Leading Pakistani export firm, Iftekhar Ahmed & Company (IAC), established in 1960 has announced its investment in retail chains as a step into the retail market. Karachi, December 19, 2019: According to Mr. Waheed Ahmed, Iftekhar Ahmed & Company’s Director Marketing, the company has decided to use its 59 year supply chain expertise in delivering…
Low gas pressure, disrupting production activities in site industries
Prime Minister Imran Khan to take notice of the situation. Suleman Chawla Karachi, December 18, 2019: Mohammad Suleman Chawla, President, SITE Association of Industry, expressed deep concern over low gas pressure in the site industrial area, due to low gas pressure industrial production activities have been hampered and timely fulfillment of export orders has been in…
Pakistan Stock Market increase 402pts today
Karachi, December 13, 2019: Market opened on a positive note today and took cue from higher international oil prices that caused PPL to hit upper circuit and OGDC to trade near upper circuit. Buying activity was mainly observed in Oil & Gas chain. Besides E&P stocks, SSGC and SNGP among O&GMCs also closed on upper…
SBP allows import advance payment facility for manufacturers against LCS
Karachi, December 12, 2019: State Bank of Pakistan (SBP) has allowed banks to make advance payment up to 50 percent of the value of imports against letter of credit for manufacturing concerns. Using this facility, manufacturing concerns will be able to import plant, machinery, spare parts and raw material etc. making payment in advance Earlier…