Business
Pakistan automobiles sales rise 23pc MoM in Dec19
Karachi, January 14, 2020: Overall Pakistan car sales jumped by 23 percent MoM to 12.1k units in Dec-2019, however, the rise was largely led by 49 percent MoM increase in sales of Pak Suzuki Motor Company (PSMC). The other two major manufacturers, Indus Motor (INDU) and Honda Car (HCAR) sales dropped by 12 percent MoM…
First locally assembled Hyundai Porter pickup delivered to customer
Karachi, January 13, 2020: Hyundai Nishat Motor (Private) Limited, as per commitment has commenced the deliveries of its locally assembled Hyundai Porter H-100 Pickup, after the bookings were announced open on 3rd December 2019. The 1st locally assembled vehicle was delivered to its proud customer at a graceful event held at a local dealership on…
PSX index closed at an increase of 12pts
Karachi, January 13, 2020: Market moved both ways with an opening of +83 points and oscillating between +246 points and -169 points during the session. The session ended -12 points. Oil & Gas chain remained under pressure throughout the session, with PSO touching session’s low of 210, but bounced back in MoC, crossing 218. Refineries…
SEPA serves reminders of notices to 5 civic agencies
Karachi, January 10, 2020: On the directives of Advisor to CM Sindh on Law, Environment, Climate Change and Coastal Development, Barrister Murtuza Wahab, Sindh Environmental Protection Agency served reminders of its earlier notices to five civic agencies of Karachi on complaints of dumping of solid waste into the sea. They are KMC, DMC South, KWSB,…
CCP imposes PKR 45mln penalty on two snack food sellers
Karachi, January 10, 2020: The Competition Commission of Pakistan (CCP) has passed an order imposing a total penalty of PKR 45 Million on two snack food (Nimco) sellers for copying the registered trademark and other designs of another company and violating Section 10 of the Competition Act, 2010. “Nimco Corner” sent a complaint to the…