Business
Change in weights resulted in lower Inflation
Karachi, September 4, 2019: The Governing Council of Pakistan Bureau of Statistics (PBS) has approved rebasing mechanism to reflect rural consumption which was earlier being ignored. As per old methodology, prices of 487 products were collected from 76 markets of 40 cities. Each product has a weight which is multiplied with change in prices to…
Industrialists of SITE opposed the collection of trade license fee
SITE Association of Industry has challenged collection of Trade License Fee. SITE Association prayed for suspension, withdrawal of notices and refund of amount. Karachi, September 3, 2019: Honorable Sindh High Court issued notices to Mr. Izhar Hussain, Chairman, District Municipal Commissioner (West), Karachi; Secretary Industries, Government of Sindh; Sindh Industrial Trading Estate; Judicial Magistrate XXIV…
Oil marketing companies sales down 20pc
Karachi, September 3, 2019: During the month of Aug’19, petroleum sales remained weak due to Eid holidays of four days along with massive increase in local petroleum product prices on account of PKR depreciation and rise in international oil prices. Meanwhile, HSD witnessed a steep decline of 17 percent YoY to 0.41 million tons (lowest…
Pakistan stock exchange progressed well
Karachi, September 2, 2019: After encountering a technical glitch at start, Pakistan Stock Exchange progressed well during the day, led by across the board buying activity in E&P, Banks, Cement and Steel Sectors. The main reason behind the surge in index can be attributed to resolution a host of measures approved by SECP over the weekend…
President SITE Superhighway Association of Industry to Karachi’s authorities to safeguard citizens
Karachi, August 30, 2019: The SITE Superhighway Association of Industry – Karachi said on Tuesday that it is imperative for the stakeholders responsible for maintaining Karachi’s infrastructure to work together in addressing the city’s challenges. SITE Superhighway Industrial area, the hub of more than 500 large and medium sizes of industrial units, most of them…