Business
Mango export exceeds 115,000 metric ton & fetches valuable foreign exchange of US$ 80mln
Karachi, September 19, 2019: Pakistan has attained the export target of 100,000 metric ton after five years. Pakistani mango managed to get better price in the International market due to its high standard coupled with an aggressive marketing and the current mango season is strongly anticipated to witness a record export volume. According to Waheed…
Nestlé Pakistan appoints new managing director
Karachi, September 18, 2019: Nestlé Pakistan announced a change in its top management with the appointment of Samer Edmond Chedid as the new Managing Director in the country. He took over the responsibilities of Managing Director and CEO of Nestlé Pakistan on August 1 after the departure of Ms Freda Duplan. Chedid is an accomplished and top-performing…
UGDC inks deal with ExxonMobil to import LNG
Agreement is a welcome development, to trigger foreign investment Move to cut gas price, improve employment opportunities: Advisor Petroleum Private gas supply will help revive the CNG sector Houston, Texas, September 18, 2019: The world’s largest oil and gas company ExxonMobil has inked a gas supply deal with Pakistani energy company Universal Gas Distribution Company…
Shabbar Zaidi directed customs wing to ensure proper valuation of goods
Karachi, September 17, 2019: On directions of Chairman Federal Board of Revenue, Syed Muhammed Shabbar Zaidi, Customs Wing has updated and issued the Units of Measurements used in import and export documents, in order to ensure proper valuation of goods. This action will further improve consistency, transparency and uniformity in data capturing as per international…
Pakistan stock exchange closes lower
Karachi, September, 17, 2019: The KSE-100 Index blew both hot and cold on Tuesday, making an intra-day high of +177 points and stoping to a low of -159 points, to finally close at 31,909 levels (-20 points). Volumes increased by 17 percent DoD to 122 million shares, compared to 105 million shares in the previous…