Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on February 07, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.24 and Selling at Rs138.34.…
Increasing coal consumption stresses need of better transportation
KARACHI: As Pakistan’s coal consumption is increasing and country has already obtained world class mechanized coal handling, transportation of coal upcountry through roads and highways needs government’s attention. According to…
OPEC wants formal alliance with Russia to manage global oil market – report
Saudi Arabia and its allies in the Organization of the Petroleum Exporting Countries (OPEC) are reportedly trying to deepen partnership with Russia-led oil producers, seeking to seal a new formal…
FBR starts receiving live transactions of textile, leather articles sales
KARACHI: Federal Board of Revenue (FBR) has started receiving live transactions of sales of finished articles of textile and leather and the eligible persons integrating or having already integrated their…
Lucky Cement Awarded Corporate Social Responsibility Award for Sustainability Initiative
Karachi: Lucky Cement Limited (psx: LUCK) won The 8th Int’l Corporate Social Responsibility Award in the category of “Sustainability Initiative”. The award was organized by The Professionals Network (TPN). This…
Nissan blow leads to regret and defiance in a Brexit heartland
Lisa Roley has worked at Nissan Motor Co.’s car plant in Sunderland, U.K., for the past two decades. Like the majority of people in the city, she also voted to…
Zurich profits jump as life insurance sales pick up
Zurich, the insurer, said that its profits jumped by a fifth last year as it reaped the benefits of cost savings, an improved underwriting performance, and higher sales of life…
Germany cracks down on Facebook for abusing market dominance
Germany’s antitrust watchdog ruled on Thursday that Facebook abused its market dominance in collecting, merging and using user data. Germany’s antitrust watchdog, called the Bundeskartellamt, said it was imposing far-reaching…
India central bank surprises with a rate cut, changes stance to neutral
India’s central bank on Thursday unexpectedly lowered interest rates and, as anticipated, shifted its stance to “neutral” from “calibrated tightening” to boost a slowing economy after a sharp fall in…
PVC, PTA margins decline in January 2019
KARACHI: During January 2019, PVC and PTA margins declined by 1.8 percent MoM (USD 472/ton) and 19.9 percent MoM (USD 133/ton), respectively. However, PSF margins are up by 18.1 percent…
Russia plans to invest $14b in Pakistan’s energy sector
ISLAMABAD: Russia has come up with an integrated investment package of $14 billion for the energy sector in Pakistan. During a recent visit of the Russian delegation, headed by Gazprom…
Daraz and Peshawar Zalmi announce exclusive partnership
LAHORE: The leading e-commerce platform in Pakistan, Daraz has announced their partnership with Peshawar Zalmi. Daraz will serve as the Zalmi’s official e-commerce partner for the Pakistan Super League. The…
Century old maritime laws should be amended: APSA
KARACHI: Chairman, All Pakistan Shipping Association (APSA), Asim Siddiqui has demanded of the government to amend the century old maritime laws that are hampering shipping sector growth in Pakistan. Reiterating…
SHC suspends demand notice issued by Pakistan Customs
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmd Abbasi and Justice Abdul Malik Gaddi on Wednesday suspends demand raised by Pakistan Customs with Bio…
DIT put on notice for March 7 in vehicle case
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeeel Ahmed Abbasi and Justice Abul Malik Gaddi on Wednesday ordered issuance of notice to DIT, Pakistan Customs…
National Workshop on sustainable prevention of Foot and Mouth Disease held
ISLAMABAD: National Workshop on Sustainable Prevention of Foot and Mouth Disease (FMD) was held under the program of US-Pakistan partnership for Agricultural Market Development with a purposet to enhance meat…