Business
Fertilizer industry lends support to govt and farmers
Islamabad, July 19, 2019: The fertilizer industry has voluntarily held back the impact of recent gas price increase, in order to prevent backlash of recent gas price hike from farmers. This was agreed on request of Advisor Industries, Razzaq Dawood. The Advisor has assured the industry about the settlement of GIDC effective 01 July to…
Fertilizer industry seeks GIDC settlement
Islamabad, July 18, 2019: The fertilizer industry has asked the federal government for immediate settlement of GIDC. The fertilizer industry, in order to prevent an adverse situation that could cause Government serious problems, has been providing its major contribution towards the employment and the national exchequer. It fully supports the Government nonetheless anticipates that to…
Pakistan Stock Exchange lost 672 points
Karachi, July 18, 2019: Pakistan Stock Exchange (PSX) lost some 672 points on political uncertainty. Market stayed positive for a brief while earlier today and went +32 points, but after that selling pressure ensued causing a slide of 758 points and ending the session at -672 points. The index breached recent intra-day low of 32,350…
P&G Pakistan announces export of Safeguard Soap to Europe
Karachi, July 18, 2019: Safeguard, a renowned P&G brand and one of Pakistan’s leading anti-bacterial soaps, is now being exported to over 20 European countries from Pakistan. Safeguard takes pride in being 100 percent locally manufactured to serve the Pakistani market whilst maintaining high-quality global standards. The export of Safeguard from Pakistan is estimated to contribute…
CA declines sharply 32 pc in FY19
Islamabad, July 17, 2019: Pakistan’s current account deficit declined sharply 32 percent during the last fiscal year (FY19) due to regulatory reforms to cut the import bill. According to State Bank of Pakistan (SBP), Pakistan current account deficit was $ 13.587 billion in FY19 compared to $19.897 billion in FY18, showing a declined of $…