PSX witnesses bearish trend, loses 1,242 points
The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday and shed 1,242.14 points, showing negative change of 2.69 percent, closing at 45,002.41 points against 46,244.56 points the previous trading day. A total of 287,356,194 shares were traded during the day as compared to 200,288,813 shares, whereas the trading value of shares…
Adil Aziz
easypaisa, foodpanda transforming food orders with seamless digital payment integration
easypaisa and foodpanda have joined hands to introduce seamless payment options for customers. Users will now be able to pay for their orders directly through their easypaisa wallet. This partnership empowers millions of easypaisa customers to conveniently order meals from the foodpanda app and make payments directly from their easypaisa mobile accounts, a press release…
Sunridge Foods esteemed Brand of the Year 2022 award in the staple flour category
Infused with inspiration, Sunridge Foods stands tall as the recipient of the esteemed Brand of the Year 2022 award in the staple flour category. This recognition, presented at the distinguished 12th edition awards distribution ceremony by the Brands Foundation Organization and sanctioned by the Brands Accreditation Council, underscores our dedication. Rooted in our commitment, we…
Gohar pledges for reopening closed industry with 30 days
Caretaker Federal Minister for Commerce and Industries and Production, Dr. Gohar Ejaz unveiled an ambitious agenda for Pakistan’s economic growth, setting a formidable target of 25 billion dollars in textile exports for the current year. Alongside this, he pledged a swift revival of all shuttered industries within the country, with a tight deadline of just…
Pakistan exports 8 shipments of rock salt to China via Khunjerab
Pakistan has exported eight shipments of around 35 tons rock salt to China from June to July this year through the Khunjerab land border. “Imports and exports volume across the Khunjerab Port stand at 40 to 80 thousand tons per year. Daily imports are about 471.6 tons per day,” Zhang Xiaobo, China’s Customs Director of…
President and CEO Faysal Bank visited Sialkot Chamber of Commerce
President and Chief Executive Officer (CEO) Faysal Bank Yousaf Hussain, Mufti Muhammad Najeeb Khan, Head Commercial Banking and SME Altaf Hussain Saqib along with his team visited the Sialkot Chamber of Commerce and Industry (SCCI). President Sialkot Chamber of Commerce and Industries (SCCI) Abdul Ghafoor Malik welcomed the distinguished guests.They exchanged important information in the…
Disastrous electricity tariffs renegotiate capacity charges and put a halt on sales tax: Irfan Iqbal Sheikh
Mr. Irfan Iqbal Sheikh, President FPCCI, has said that Pakistani households and businesses are facing mounting power prices. NEPRA’s latest forecast for power purchase prices for the fiscal year 2023 – 24 reveals a substantial financial burden, with consumers to bear 68 percent of costs for fixed capacity payments; primarily benefiting coal plants. Mr. Irfan…
India allows exports of non-basmati white rice trapped at ports
INDIA has allowed traders to ship out their non-basmati white rice cargoes sitting at ports due to a sudden ban on exports of the category, a government order said late on Tuesday (Aug 29). On Jul 20, India surprised buyers by banning exports of widely consumed non-basmati white rice to control rising domestic prices. The…
FPCCI concerns over power hike; demands cut in taxes
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh said that Pakistani households and businesses were facing mounting power tariff. He demanded for renegotiating capacity charges and put a halt to sales tax, besides reducing the ratio and number of taxes in the electricity bills. Addressing a press conference here at…
Palm, soybean oils import reduced by 5.40% , 6.82% in July
Imports of edible oil including palm and soybean into the country during the first months of the current financial year decreased by 5.40 percent and 6.82 percent respectively as compared to the imports of the corresponding month of the last year. During the month of July 2023 about 12,575 metric tons of soybean costing $14.955…