WACC based return formula likely to increase by 2pc Karachi, May 06, 2020: The Pakistan Gas sector has been facing severe liquidity constraints on account of both natural gas and RLNG. During 9MFY20, SNGP recorded natural gas differential of Rs48.5bn. The annualized indigenous gas differential amount of Rs65bn (9M: Rs48.5bn), translates into Rs/mmbtu of ~Rs177…
Karachi, May 06, 2020: Cement despatches in the country have declined in April 2020 by 23.65 percent to 3.52 million tons from 4.61 million tons in April 2019 as both exports and domestic markets crashed, owing to the devastating impact of COVID-19. According to a statement issued by All Pakistan Cement Manufacturers’ Association (APCMA), the…
Karachi, May 06, 2020: Ministry of Finance and State Bank of Pakistan introduce risk-sharing mechanism to support bank lending to SMEs and small businesses to avail SBP’s Refinance Facility to Support Employment. Taking cognizance of the SMEs finding difficulties in arranging adequate collateral and banks’ risk averseness in taking exposures for such lending under the…
Quratulain Y Azher Karachi, May 06, 2020: The management of the world’s biggest App-based taxi service, Uber, has announced to fire 3,700 employees and permanently close 180 driver service centers as part of the of cost-cutting measures in the wake of coronavirus pandemic that suspended its services in different operating countries. The reductions will affect…
Karachi, May 05, 2020: The management of Careem has announced to fire 536 employees due to suspension of its services in different countries including Pakistan. The co-founder and CEO Careem Mudassir Sheikha made this sad announcement in an official letter to the staff members. According to him, 536 of our colleagues who make up 31%…