Business
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…
Tea imports decrease by 26.38 percent during first five months of current FY
Karachi, January 10, 2020: The import of tea witnessed decrease of 26.38 percent during the first five months of the current fiscal year (2019-20) as compared to the corresponding period of last year. Pakistan imported tea worth US $184.361 million during July-November (2019-20) against the import of $250.413 million during the same period of 2018-19,…
Govt. assured LPG Industries to end signature bonus
Lahore, January 08, 2020: Irfan Khokhar, Chairman of LPG Industries Association Pakistan, Vice Chairman of LPG Industries Association Pakistan, Shawanaz Saeed along with Vice President of FPCCI, Qaisar Khan in Press Conference at FPCCI Capital Office Islamabad. The government has assured LPG Industries Association of Pakistan to end signature bonus in award of LPG supply…
PSX index closed with a negative note on Wednesday
Karachi, January 08, 2019: Again market took the toll of early morning Iranian strike on Iraqi Military base housing American soldiers. Oil price went haywire with an initial surge towards $72/bbl, but gradually came down as Iranian government signaled an end to confrontation for the time being. Oil & Gas chain bore the brunt of…
PSX index closed with an increase of 608pts
Karachi, January 07, 2020: In the aftermath of US-Iran confrontation and developing geo-political situation, world markets staged a recovery with an understandable decline in international crude prices. KSE100 index also partially recovered the points lost yesterday with an increase of 649pts by the end of session. Banks, OMCs, Refineries and Cement sectors remained in the…