Karachi, March 09, 2020: Market witnessed bloodbath situation, which was triggered by the crashing of oil price from US$45/bbl on Friday’s opening to US$ 28/bbl today (a staggering 62 percent decline). Resultantly, oil stocks hit lower circuit breakers, with OGDC and PPL showing offers of 16 million and 13 million throughout the day. Similar situation…
Karachi, March 09, 2020: Sindh Food Authority temporary sealed Dunkin Donuts manufacturing unit factory in the site area, after exploring the factory the Sindh Food Authority team find some expired packets of candies (bunties) and some unrefined items which have been intermixed. On the instructions of the director-general of food authority, Sindh Food Authority enforcement…
Karachi, March 09, 2020: Federal Board of Revenue has stated that revenue has grown by 17 percent with additional revenues of Rs.345 billion over last year. In the current Fiscal Year 2019-20, out of target of Rs.920 billion for the period from July to January 2020. The FBR has accumulated Rs. 897.5 billion Income Tax…
Lahore, March 09, 2020: A whirlwind unbeaten innings of 99 runs laced with 12 sixes and two fours by wicket-keeper batsman Ben Dunk powered Lahore Qalandars to victory against Karachi Kings in the HBL PSL V match at the Gaddafi Stadium on Sunday. Chasing a huge target of 188, Ben Dunk (99 not out) and…
Karachi, March 09, 2020: Oil prices has dropped by more than 30 percent as OPEC failed to strike a deal with its allies regarding production cuts. Saudi Arabia has slashed its prices as it is reportedly getting ready to ramp up production, leading to fears of an all-out price war. WTI crude briefly dropped to…