Karachi, March 03, 2021: Hanif Lakhany, Senior Vice Chairman Pakistan Yarn Merchants Association(PYMA) and Vice Chairman Farhan Ashrafi, has expressed deep concern over the unavailability of cotton yarn and the price reaching an all-time high, asked the government to immediately allow duty-free import of yarn & cotton from other countries, including India to save the textile…
Karachi, 03 March, 2021: Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider that is ranked amongst the world’s top 50 fertilizer manufacturing and marketing companies, has been declared as one of only three global award winners at the virtual ceremony of 14th DuPont Safety and Sustainability Awards. As a recipient of the Global Safety Innovation Award, Engro…
Karachi, March 02, 2021: The Pakistani banks earnings increased by 33 percent YoY in 2020 or by Rs60 billion to reach Rs238 billion. This was driven by earlier re-pricing of Liabilities compared to Assets amidst declining interest rates coupled with higher than expected deposit growth of 22 percent YoY, resulting in Net Interest Income (NII)…
Karachi, March 02, 2021: In view of its significant importance in the economy and free market mechanism, the value added textile sector has asked the Government to allow the duty-free import of cotton yarn all over the world including neighbouring country to ensure availability of cotton yarn of good quality and place ban on export…
Karachi, March 02, 2021: Pakistan Urea sales in Feb-2021 are expected to clock in at 407k tons, down 12percent YoY amid high base of 460k tons in Feb-2020. According to Topline, urea sales during Feb-2020 were up by 19percent YoY amid lower Urea prices across the country on the back of reduction in Gas Infrastructure…