Tag Archives: Business News

Chinese To Make Joint Ventures With Pak In Fabric

Chinese To Make Joint Ventures With Pak In Fabric

Business Desk (November 15, 2018): Realizing Pakistan’s potential as fourth largest cotton producer, the Chinese investors are eager to make joint ventures with Pakistan for importing high quality fabric to China. A Chinese delegation from China National Textile and Apparel ...

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Pakistan Goes Against The Grain In Coal Power Spree

Pakistan Goes Against The Grain In Coal Power Spree

Business Desk (November 15, 2018): In Pakistan’s bleak Thar desert, the roar of trucks is constant at a massive Chinese backed coal power project the government sees as an answer to chronic energy shortages, but which activists warn is an ...

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Oil Markets Fell Again On Wednesday

Oil Markets Fell Again On Wednesday

Business Desk (November 14, 2018): Oil markets fell again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the specter of faltering demand scared off investors. U.S. West Texas Intermediate (WTI) crude oil ...

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CPEC Will Make Market More Competitive: PM Imran Khan

CPEC Will Make Market More Competitive: PM Imran Khan

Islamabad (November 14, 2018): Prime Minister Imran Khan expressed that Pakistan aims to be more competitive and welcoming market for businesses around the globe. PM Khan addressed the opening ceremony of 1st China International Import Expo as the keynote speaker. ...

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SBP Warns Citizens Against Scam Phone Calls

SBP Warns Citizens Against Scam Phone Calls

Karachi (November 14, 2018): Pakistan’s central bank has advised citizens to be on alert and refrain from providing personal information over fraudulent phone calls from scammers posing as bank officers. In a statement, the State Bank of Pakistan underscored the ...

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PSX Witnesses Bearish Trend On Third Day Of Business Week

PSX Witnesses Bearish Trend On Third Day Of Business Week

Karachi (November 14, 2018): Pakistan stock exchange witnesses bearish trend on third day of business week Stock exchange witnesses bearish on third day. Index downs by 224 Points in start of the business. Current index is trading on 40,763 points. ...

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PSX Witnesses Bullish Trend On Tuesday

PSX Witnesses Bullish Trend On Tuesday

Islamabad (November 13, 2018): The Pakistan Stock Exchange was bullish on Tuesday. The KSE-100 Index closed on Tuesday at 41152.28 points as compared to 41096.33 points on the last working day with a positive change of 55.95 points. The total ...

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Shaheen Air finalizes Deal With Saudis For Its Acquisition

Shaheen Air finalizes Deal With Saudis For Its Acquisition

Islamabad (November 08, 2018): Shaheen Air International (SAI) finalized its acquisition deal with a Saudi Prince. The takeover is likely to happen over the course of next 2 months. Javed Sehbai, Acting CEO, SAI said “We have finalized the deal ...

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Bullish Trend Experienced In Inter-Bank As Dollar Edges Up

Bullish Trend Experienced In Inter-Bank As Dollar Edges Up

Karachi (November 02, 2018): Bullish Trend Observed in the Inter-Bank market as Dollar increased by 12 paisas to reach Rs. 132.62. Click Play Button To Watch This Video Dollar edges 12 Paisas up in the Inter-Banking to reach Rs. 132.62. ...

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PM Imran Arrives Lahore On Day Official Visit

PM Imran Arrives Lahore On Day Official Visit

Lahore (October 30, 2018): Prime Minister Imran Khan Tuesday arrived Lahore on official visit to the Punjab capital where he met Governor Chaudhry Sarwar. Imran Khan would later visit the Chief Minister House to review the execution of 100-Day plan ...

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Low Kinnow Yield Expected This Year

Low Kinnow Yield Expected This Year

Business Desk (October 28, 2018): Low kinnow yield is expected this year due to inauspicious weather conditions with almost 25 to 30 percent decrease in overall production. In a statement, Director Citrus Research Institute Sargodha Muhammad Nawaz Maiken said that ...

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Non-bailable Warrants of PML N MPA Issued in Murder Case

Non-bailable Warrants of PML N MPA Issued in Murder Case

Lahore (October 26, 2018): The Anti Terrorism Court (ATC) on Friday has issued non-bailable arrest warrants of Pakistan Muslim League-Nawaz (PML-N) member of provincial assembly (MPA) Saif-ul-Malook Khokhar and his brother in murder case. ATC Judge Abdul Qayyum Khan conducted ...

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DG Rangers Sindh Visits Sindh Madressatul Islam University

DG Rangers Sindh Visits Sindh Madressatul Islam University

Karachi (October 25, 2018): DG Rangers Sindh Maj.Gen Muhammad Saeed Visits on Thursday Sindh Madressatul Islam University. According to a Rangers spokesman, DG Rangers Sindh Maj. Gen Muhammad Saeed visited Sindh Masressatul Islam University. Vice Chancellor Dr.Muhammad Ali Sheikh, Administration ...

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Electricity Tariff Increased By Rs1.27: Finance Minister

Electricity Tariff Increased By Rs1.27: Finance Minister

Islamabad (October 25, 2018): Federal Finance Minister Asad Umer said that the electricity rate for domestic consumers has been increased by Rs1.27 per unit. The increase in power tariff will not affect domestic consumers using below 300 units. Finance Minister ...

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Imports of Edible Oil Reduced By 70 Percent

Imports of Edible Oil Reduced By 70 Percent

  Karachi (October 24, 2018): The imports of edible oil into the country like soya bean and palm during first quarter of financial year 2018-19 reduced by 70.47 percent and 4.82 percent respectively as compared to the corresponding period of ...

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Rupee Recovers Against US Dollar in Interbank, Open Market

Rupee Recovers Against US Dollar in Interbank, Open Market

Karachi (October 24, 2018): The rupee recovered against the US dollar in the interbank and open market on Wednesday. The rupee hit an intra-day high of Rs132 to the US dollar in the interbank, while on the open market it ...

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PML N Writes To Re-issue Production Orders For Shehbaz

PML N Writes To Re-issue Production Orders For Shehbaz

Islamabad (October 24, 2018): Pakistan Muslim League-Nawaz (PML-N) leader and former speaker National Assembly Sardar Ayaz Sadiq has submitted on Wednesday a formal request to National Assembly Speaker (NA) Asad Qaisar to reissue production order of Opposition Leader in NA ...

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PSX Remains Bullish As KSA Agrees To Provide $3 billion

PSX Remains Bullish As KSA Agrees To Provide $3 billion

Karachi (October 24, 2018): The Pakistan Stock Exchange registered gains on Wednesday, as its benchmark KSE-100 index surged by 1,227 points to reach 38942.53 points. The index gained by 3.26 per cent as the market opened on Wednesday, a day ...

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LIVE: Asad Umer Addressing Traders in Karachi

LIVE: Asad Umer Addressing Traders in Karachi

Karachi (October 20, 2018): Federal Finance Minister Asad Umer said that PTI Government isAddressing traders in Karachi. LIVE Earlier addressing stock brokers, Federal Finance Minister Asad Umer said on Saturday that this is 19th International Monetary Fund (IMF) program Pakistan ...

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Railways Minister Promises To Bring 100 New Coaches Soon

Railways Minister Promises To Bring 100 New Coaches Soon

Lahore (October 20, 2018): Railways Minister Sheikh Rasheed on Saturday claimed that he will bring 100 new coaches in a month’s time. Addressing the media in Lahore the railways minister said, “We will introduce 100 new coaches in a month ...

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