Business
Textile industry demands clearance of raw material from China
Textile production suffers due to non-clearance of import consignments from China Raw material prices doubled in local markets – Zubair Motiwala Chemicals & dyes imports from China & other countries be allowed to save textile industry – Patron SITE Association Karachi, February 25, 2020: Zubair Motiwala, Patron of SITE Association of Industry, has in a…
PSX index closed on a negative note
Karachi, February 25, 2020: Market opened 105 points down but quickly went green with 104 points for a short while, only falling back in to red zone for the rest of the session. During the session, index lost 451 points and closed the session -285 points. E&P, Banks, and OMCs largely faced selling pressure, whereas…
Pakistan’s earns US $ 264 mln from travel services’ export
Islamabad, February 23, 2020: Pakistan earned US $ 264.254 million by providing different travel services in various countries during the first half of current financial year 2019-20. This shows growth of 29.49 percent as compared to US $ 204.070 million same services were provided during the corresponding period of fiscal year 2018-19, Pakistan Bureau of…
Turkish companies keen to invest in Allama Iqbal Industrial City
Islamabad, February 18, 2020: Turkish companies are keen to invest in Allama Iqbal Industrial City, a prioritized Special Economic Zone of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under CPEC relations through exploring business potential and investment opportunities. A Turkish delegation Tuesday visited the FIEDMC camp office and both sides discussed issues for improvement…
Finance division dismisses speculations on IMF review
Karachi, February 17, 2020: The Ministry of Finance has described as misleading and factually incorrect a news item published in a section of the press suggesting that tough prior actions [are] needed for IMF’s $452 million third tranche. In an official statement issued here, the Ministry of Finance has stated that it is completely normal…