US gasoline prices are below $2 per gallon on average for first time in four years
NEW YORK: As the coronavirus outbreak wreaks havoc on global markets, U.S. consumers are catching a break in one area: at the pump. For the first time in four years,…
NSAC asks to defer and forego some of the taxes being charged to the private steel sector
KARACHI: National Steel Advisory Council (NSAC) has suggested the government defer and forego some of the taxes being charged to the private steel sector . In response to this crisis,…
FBR asks ports to extend free time, waive demurrage/detention for 15 days
KARACHI: Federal Board of Revenue FBR has advised port authorities and terminal operators to extend the free period at terminals and not charge demurrage/detention for 15 days. Pakistan is currently…
Importers still being fined for late GD filing, PRAL didn’t update the system
KARACHI: Despite Federal Board of Revenue FBR notification extending the timeline for filing of GD to 25 days, the WeBOC system is still imposing fines on importers because PRAL didn’t…
APTMA suggests measures to keep the industry afloat and retain jobs
KARACHI: APTMA places on record its appreciation for all the positive steps the Government has undertaken to combat the extremely negative impact COVID-19 is having on Pakistan’s economy. Given that…
QSC Strengthens its Presence in the Netherlands
SINSHEIM, Germany–(BUSINESS WIRE)–QSC announces the opening of QSC Netherlands BV, effective April 1, 2020. Based in Geldermalsen, QSC Netherlands BV will serve as the business development hub for Live Sound…
Champions + Legends Launches $75,000 Weekly Warrior Challenge
LAS VEGAS–(BUSINESS WIRE)–Champions + Legends, an athletic performance supplement brand dedicated to elite athletes, fitness enthusiasts and outdoor extremists, is launching a year-long, weekly social media contest for workout enthusiasts.…
American Leather Holdings Companies to Begin Manufacturing Protective Masks
DALLAS: To assist in the fight against COVID-19, American Leather Holdings, a Dallas-based furniture manufacturing industry leader that owns manufacturing plants in Dallas County as well as in North Carolina,…
John Agwunobi Assumes New Role as Herbalife Nutrition CEO
LOS ANGELES–(BUSINESS WIRE)–Premier global nutrition company, Herbalife Nutrition announced that John Agwunobi has assumed the role as Chief Executive Officer (CEO), succeeding Michael Johnson. The Company previously announced the planned…
Toyota suspends vehicle production in Vietnam due to COVID-19 epidemic
HANOI: Toyota Motor Vietnam (TMV) has temporarily suspended vehicle production in order to prevent the COVID-19 outbreak from spreading, Vietnam News Agency reported. The outbreak has impacted all aspects of…
China’s manufacturing activity expanded in March, defying expectations of a contraction
BEIJING: China on Tuesday said the official Purchasing Manager’s Index for March was 52.0, beating expectations for an economy hit by the coronavirus outbreak. Analysts polled by Reuters had expected…
3,000 containers stuck-up: Bonded carriers demand permission to cross border transit cargo
KARACHI: All Pakistan Bonded Carriers Association has urged the authorities to allow crossing border of Afghan transit trade cargo, stuck-up for over 30 days due to the closure of Pak-Afghan…
Byco Puts Its Refining Complex On “Cold Circulation”, Due To Lack Of POL Demand
Karachi: Byco Petroleum Pakistan Limited, Pakistan’s largest oil refinery by design and installed capacity, has been constrained to put its refinery on “cold circulation”, due to absence of demand for…
CPHGC Supports the Fight Against Coronavirus
Karachi: China Power Hub Generation Company (Pvt.) Ltd. today donated 1000 kg of ready-to-spray disinfectant and 2000 face masks to the local Hub administration in support of its fight against…
FBR extends timeline for filing of GD to 25 days
KARACHI: In order to facilitate the trade, the Federal Board of Revenue (FBR) has extended the time for filing of goods declaration (GD) from the existing 10 days of arrival…
Jack Ma Foundation and Alibaba Foundation Donate to Seven More Countries in Asia to Fight COVID-19
HANGZHOU: The Jack Ma Foundation and the Alibaba Foundation announced donations of essential medical supplies to seven more countries, namely Azerbaijan, Bhutan, India, Kazakhstan, Kyrgyzstan, Uzbekistan and Vietnam. Collectively, these…
Putin Orders Measures to Support Small, Medium Enterprises Amid COVID-19 Pandemic by Monday
MOSCOW (Sputnik) – Russian President Vladimir Putin on Sunday instructed the government to take a set of urgent measures to support small and medium enterprises in Russia amid the COVID-19…
National Survey Shows Dire Shortages of PPE, Hand Sanitizer Across the U.S.
ARLINGTON–(BUSINESS WIRE)–Nearly half (48%) of U.S. healthcare facilities surveyed are already out of, or almost out of respirators to use in caring for a patient with COVID-19, according to a…
Local Houston MedTech Company Begins Making Hand Sanitizer
HOUSTON–(BUSINESS WIRE)–Forward Science, a Houston based and locally operated MedTech company, successfully created their first batch of hand sanitizer to meet market demands during the current COVID-19 pandemic. Forward Science…
Halo Labs Announces Launch of Pilot Distillate Remediation Program
TORONTO–(BUSINESS WIRE)–Halo Labs Inc. announced plans to launch a pilot distillate manufacturing remediation program in California for distillate, live resin, fats and waxes, tails and terpenes. Additionally, the Company is…