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Industries & Sectors

Haleon Pakistan plans to manufacture Centrum multivitamins

KARACHI: Haleon Pakistan plans to start manufacturing multivitamin brand Centrum in the country for domestic sales...

Updated 12 Dec, 2024 11:01pm

Industries & Sectors

Extreme heat puts garment factory workers in Pakistan, Bangladesh, Vietnam at risk: study

LONDON: Workers in some of the world’s biggest garment manufacturing hubs in Bangladesh, Vietnam, and Pakistan are...

Updated 09 Dec, 2024 10:12pm

Industries & Sectors

‘Creeping coup’: In Pakistan, lack of internet access is costing livelihoods

KARACHI: A protest by thousands in Pakistan’s capital last month demanding the release of jailed former Prime...

Updated 07 Dec, 2024 04:45pm

Industries & Sectors

AI integration in pharma: PPMA hosts workshop to highlight path to enhanced drug discovery and personalised medicine

KARACHI: The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) organised a day-long workshop titled ‘The...

Published 24 Sep, 2024 03:28am

Energy

‘Refineries upgrade at risk due to newly-introduced sales tax exemption’

The government has introduced a sales tax exemption in the Finance Act 2024 on petroleum products, which will...

Updated 23 Jul, 2024 08:04pm

Energy

May power bills: NEPRA approves Rs2.83 per unit hike in FCA

Increase applies to all consumer categories of ex-Wapda distribution companies except EV charging stations and lifeline consumers

Updated 08 May, 2024 11:06pm

Industries & Sectors

MARI granted license to explore minerals in Chagai, Balochistan

Grant 'in line with its strategy to diversify into near core areas and its commitment to contributing to the growth of the mineral mining sector'

Updated 25 Aug, 2023 04:13pm

Industries & Sectors

IATA says blocked airline funds by countries including Pakistan threaten connectivity

Pakistan is among the top five nations in the world that have blocked airline funds

Updated 05 Jun, 2023 04:37pm

Industries & Sectors

First bulk cargo ship of Afghan Transit reaches Gwadar port

 In a tweet post on Saturday, Bajwa said that development is a dream come true for the local economy as it will stim

Published 30 May, 2020 08:22am

Industries & Sectors

Punjab anticipates over Rs300bn investment in cement sector

 Iqbal said that the Punjab government will soon take decisions on investment applications in the cement sector whic

Published 30 May, 2020 07:49am

Industries & Sectors

Pakistan to lift ban on PPEs exports this week

 'This trade will help Pakistan immensely," said Chaudhry.

Pakistan will lift the ban on the exports of person

Published 29 May, 2020 10:44am

Industries & Sectors

Pakistan initiates transit trade with Afghanistan via Gwadar sea route

 The SAPM added that for the first time, fertilizer bagging will be done locally instead of foreign ports.

For

Updated 29 May, 2020 11:36am

Industries & Sectors

POL prices expected to fall further in June

 OGRA has sent a summary to change POL prices to the Petroleum Division from June 1, under which the regulator has r

Published 29 May, 2020 09:03am

Industries & Sectors

Pharma firm Searle to supply Remedesvir drug in Pakistan to combat coronavirus

 Beximco is the first company in the world who developed and introduced generic Remdesivir for the treatment of COVI

Published 29 May, 2020 07:12am

Industries & Sectors

Pakistan to export face masks to US, European markets

 The development is part of the government’s strategy to diversify into new segments.

Pakistan has receiv

Published 28 May, 2020 10:33am

Business & Economy

Despite COVID-19 work on Suki Kinari Power Project remains unaffected, says Bajwa

 Bajwa added that the project is being built at an investment of $1.963bn and would create 4250 job opportunities.

Published 28 May, 2020 06:43am

Industries & Sectors

Shanghai Electric provides food supplies to needy Thar villagers

In Pakistan, too, this is one of the major causes of concern for the authorities especially in remote areas like th

Published 21 May, 2020 03:18pm

Industries & Sectors

Punjab allows opening of shopping malls, plazas, issues SOPs

Shopping malls and plazas in the province will remain open 7 days a week from 9 am to 5 pm. The Punjab g

Published 20 May, 2020 05:34am

Industries & Sectors

Unchecked tobacco trade hazardous for health, state revenue

“The economic impact is grave as the smoking luxury creates a smoke screen before the government,” says Malik Imran

Updated 19 May, 2020 02:55pm

Industries & Sectors

Easypaisa to facilitate SMEs through ‘Easy Business”

The newly introduced SME facilitation program also offers a sophisticated cash management portal in collaboration w

Published 19 May, 2020 10:20am

Industries & Sectors

GSK to no more manufacture and supply Zantac, after NDMA detected

GSK was contacted by regulatory authorities regarding the detection of N-nitrosodimethylamine (NDMA) in Zantac (Ran

Published 19 May, 2020 08:45am

Industries & Sectors

Rashid to meet PM today for resumption of train operations

The minister had said that if the Prime Minister decided against a resumption of the train operation then the railw

Published 18 May, 2020 09:22am

Industries & Sectors

Flour crisis looming as millers announced to go on strike

Sheikh Zeeshan, member Punjab flour mills association, speaking on this occasion said “We have taken the decision a

Published 16 May, 2020 10:20pm

Industries & Sectors

Rashid urges PM to resume railway operations

A meeting on railways was held under the chairmanship of Sheikh Rashid Ahmed in which steps were discussed in case

Published 16 May, 2020 10:57am

Industries & Sectors

Local manufacture of Remdesivir to boost Pakistan’s pharma sector, Dawood

Dawood said that the export of the drug to the developing world at this time of need will also position Pakistan to

Published 15 May, 2020 07:27am

Industries & Sectors

Zero auto sales witnessed in Pakistan last month

As per the latest data released by the Pakistan Automotive Manufacturers Association (PAMA), zero auto sales were w

Updated 14 May, 2020 11:53am

Industries & Sectors

Pakistan approves its first Mobile Device Manufacturing Policy

Ministry of Industries and Production initiated Mobile Device Manufacturing Policy in January 2019 by designating E

Updated 14 May, 2020 01:27pm

Industries & Sectors

Pakistani pharma reaches agreement with Gilead to manufacture Remdesivir

Gilead has signed nonexclusive voluntary licenses agreements with five South Asian manufacturers - Hetero, Jubilant

Updated 15 May, 2020 07:25am

Industries & Sectors

Pakistani pharma in negotiation with Gilead to manufacture COVID-19 drug

BFBL was negotiating for a non-exclusive license agreement with Gilead Sciences Inc to manufacture and sell Remdesi

Published 12 May, 2020 09:53am

Industries & Sectors

PTA directs PTCL to improve broadband services in FATA

PTCL has already been providing fixed line voice and data services in the erstwhile tribal agencies. This will

Published 11 May, 2020 12:58pm

Industries & Sectors

Pakistan’s steel manufacturer resumes operations for export purposes

The development comes after Sindh Chief Minister Syed Murad Ali Shah in his meeting with small traders associations

Updated 11 May, 2020 10:08am

Industries & Sectors

MOST to support IT Ministry for providing high speed Internet

He said it was the government's topmost priority to promote the use of information technology in education, health,

Published 09 May, 2020 01:05pm

Industries & Sectors

Markets reopen in KP after lockdown ease

The markets will be open four days a week while it will be closed on Friday, Saturday, and Sunday. The shops w

Published 09 May, 2020 06:10am

Industries & Sectors

Tax on digital, IT related services reduced to 5pc

The tax rate on ride-hailing services reduced from 15% to 2% and on online marketplace services from 15 percent to

Published 08 May, 2020 01:55pm

Industries & Sectors

Novartis donates RS41.25mn to PRCS for the fight against COVID-19 pandemic

Novartis Pakistan will be working with PRCS to distribute the Testing Kits and PPEs to Health Care staff in areas m

Updated 07 May, 2020 12:00pm

Industries & Sectors

Shazad G Dada appointed as UBL President, CEO

On Wednesday, Standard Chartered Bank (SCBPL) has informed that Shazad Dada has decided to step down from the post

Updated 07 May, 2020 08:50am

Industries & Sectors

42 passenger trains to be operational from May 10 following SoPs

He said people were stuck at their workplaces or natives areas due to lockdown to avert spread of COVID 19. Ma

Published 05 May, 2020 03:52pm

Industries & Sectors

Civil society demands establishing parliamentary commission on power sector audit report

The group called for continuation of the power sector audit process and making it democratic, broad-based, citizens

Published 30 Apr, 2020 03:38pm

Industries & Sectors

All telecom operators providing uninterrupted telecom services to their consumers

The operators have been directed to advise their support staff for adopting necessary preventative measures against

Published 30 Apr, 2020 12:35pm

Industries & Sectors

Philip Morris resumes operations at Sahiwal with SOPs implemented

The company added that it has in place, established SOPs in line with the provincial directives and has taken all r

Published 30 Apr, 2020 07:40am

Industries & Sectors

Pakistan eyes to buy ventilators from Russia amid corona crisis

The ambassador said that the country just like the rest of the countries is facing ventilators shortages and is try

Published 28 Apr, 2020 10:12am

Industries & Sectors

PTCL donates Rs100mn to PM's Corona Releif Fund

The prime minister lauded the contribution of PTCL for the fund set up to financially support those affected by the

Published 27 Apr, 2020 12:48pm

Industries & Sectors

Sale, production of cars decline in first three quarters

Sale of Honda cars went down by 62.77 percent from 32,209 units in last year to 11,989 units during current year wh

Published 27 Apr, 2020 12:39pm

Industries & Sectors

USF board approves award contracts worth Rs729mn to Telenor, Ufone

Telenor is being awarded the contract of Muzaffargarh Lot and Small Lot I-1 (district: Islamabad) while PTML (Ufone

Published 24 Apr, 2020 03:08pm

Industries & Sectors

PIA reduces fares for repatriation flights

The decrease in prices would provide further relief to the nationals stranded in the United Arab Emirates (UAE) due

Published 24 Apr, 2020 10:47am

Industries & Sectors

Utility Stores workers announce strike ahead of Ramadan

The development comes just a day before the start of the holy month of Ramadan. President All Pakistan W

Published 24 Apr, 2020 06:52am

Industries & Sectors

National Refinery Limited resumes operations after demand improvement

The refinery informed that it will implement strict precautionary measures for the health and safety of its staff a

Published 23 Apr, 2020 09:28am

Industries & Sectors

PR upgrades 620 coaches from its own resources

Regarding the availability of coaches, he said that at present around 472 coaches were out of service or non-functi

Published 21 Apr, 2020 11:50am

Industries & Sectors

Gwadar Port resumes operation for Afghan transit trade

Dawood informed that the shipments of sugar, fertilizer, and wheat will be transported in sealed trucks to Afghanis

Published 21 Apr, 2020 07:18am

Industries & Sectors

PM chairs meeting on telecom industries issues

Issues relating to enhancement of telecom coverage and further sale of spectrum came under discussion. IS

Published 20 Apr, 2020 04:21pm

Industries & Sectors

Pakistan very close to manufacture N95 masks, says Chaudhry

Final trials of testing kits and ventilators are being conducted, until a few weeks ago we were importing all these

Published 20 Apr, 2020 08:37am

Industries & Sectors

Pakistan partially resumes flight operations for UK

According to spokesman PIA, flights will be operated daily from 19 April to Lahore and Islamabad to London, Manches

Published 18 Apr, 2020 06:14am

Industries & Sectors

Prominent businessman Ali Habib passes away in Karachi

Apart from being chairman of the Indus Motor Company, He also headed operations for the House of Habib.

KARACHI:

Published 17 Apr, 2020 04:05pm

Industries & Sectors

SBP allows Pakistan steel manufacturer to operate in North America

This subsidiary will represent IIL in North America to promote, market and sell the company's products in the regio

Published 17 Apr, 2020 07:50am

Industries & Sectors

PIA refutes it operated chartered flights to United Kingdom

“It is strongly clarified that at no point, were these flights operated for the benefit of VIPs or for the relative

Published 16 Apr, 2020 08:02pm

Industries & Sectors

Govt’s committee holds meeting with IPPs for tariff rationalisation

The IPPs will nominate their members while the Government side will be represented by SAPM Shahzad Qasim. The

Published 16 Apr, 2020 07:28pm

Industries & Sectors

Pakistan to export sanitizers but no N95 masks in wake of COVID-19

The approval is only for normal textile masks and does not include N95 masks and surgical masks. The Nat

Updated 20 Apr, 2020 08:25am

Industries & Sectors

Pakistan to no longer import poor quality electronics

The federal minister said that the ministry will also upgrade the standard of cars and tractors made in Pakistan, i

Published 16 Apr, 2020 08:49am

Industries & Sectors

Engro Energy donates Rs50mn to Sindh’s corona fund

Engro Energy Limited has contributed Rs50 million into the Government of Sindh Corona Emergency Fund, said Murtaza

Published 14 Apr, 2020 10:02am

Industries & Sectors

Millat Tractors to resume operations after provincial govt lockdown exemption

Millat Tractors has shut down its operations after lockdowns were imposed by the provincial government in wake of r

Published 14 Apr, 2020 06:30am

Industries & Sectors

Pakistan seeks AI help to combat coronavirus pandemic

While the world figures out how to tackle COVID-19, Artificial Intelligence (AI) is playing a key role in this figh

Updated 13 Apr, 2020 01:59pm

Industries & Sectors

Bykea committed to its CSR activities during lockdown

30,000 monthly active drivers working were forced to stay home at onset due administrative ban. BYKEA - Pakis

Updated 13 Apr, 2020 08:39am

Industries & Sectors

Pakistan releases over Rs21bn DLTL refunds for industries amid COVID-19

DLTL refunds of Rs20.5 billion for textiles and Rs0.828 billion for the non-textile sector have been released by th

Published 10 Apr, 2020 10:20am

Industries & Sectors

Nishat resumes textile production in Pakistan, after government relaxation

Nishat Mills Limited has resumed partially its production activities. Kohat Textile Mills Limited, Masood Text

Updated 10 Apr, 2020 10:51am

Industries & Sectors

Pakistan permits cholorquine production, plasma therapy for coronavirus

DRAP has also permitted clinical trials of plasma therapy for coronavirus treatment. The Drug Regulatory

Published 09 Apr, 2020 09:22am

Industries & Sectors

Textile mills partially resume operations in Pakistan

We would like to inform that the Provincial Government has allowed the textile companies to resume their operations

Updated 07 Apr, 2020 11:55am

Industries & Sectors

VIS assigns Initial Ratings to Nishat Chunian Power Limited

The short-term rating of ‘A-2’ denotes good certainty of timely payments coupled with sound liquidity and fundament

Published 06 Apr, 2020 08:28pm

Industries & Sectors

Companies begin resumption of operations in Pakistan

DG Khan Cement Company Limited has resumed operations at its plant site of Khofli Sattai located in District Dera G

Published 06 Apr, 2020 07:19am

Industries & Sectors

29 textile factories allowed to continue work

The industry has been allowed to continue work to complete products for export orders. MULTAN: Commissioner M

Published 04 Apr, 2020 12:25pm

Industries & Sectors

PIBC welcome relief for construction sector by PM

In the wake of corona virus pandemic situation, Prime Minister's relief package will help provide relief to constru

Published 03 Apr, 2020 08:15pm

Industries & Sectors

Nasir Ali Syed appointed CEO for Pak-Qatar General Takaful Limited

“I’m thrilled to be appointed CEO, having played an integral part in Pak-Qatar Family Takaful’s growth since we lau

Updated 02 Apr, 2020 03:11pm

Industries & Sectors

Bata shuts factories, retail stores across Pakistan as pandemic looms

The company will close its head office, factories, regional offices, and retail stores throughout Pakistan until fu

Published 02 Apr, 2020 09:30am

Industries & Sectors

Unverified coronavirus testing kits putting lives in jeopardy, warns Chaudhry

If the test will make an unhealthy patient appear healthy, it will put many lives at risk, says Fawad. F

Updated 31 Mar, 2020 08:08am

Industries & Sectors

Pakistani manufactured coronavirus testing kits, ventilators to hit markets soon

Chaudhry said that the coronavirus testing kits developed by NUST have been handed to the DRAP for final approval.

Published 30 Mar, 2020 08:15am

Industries & Sectors

Millat Tractors joins auto assemblers shuts plant over government lockdown

The Company) has decided to suspend the plant and all office operations until the withdrawal of the lockdown ordere

Published 30 Mar, 2020 06:20am

Industries & Sectors

Attock Cement, Akzo Nobel curtail operations amid provincial govt lockdown

Attock Cement Pakistan Limited has decided to temporarily/partially suspend the plant with immediate effect. A

Updated 25 Mar, 2020 09:34am

Industries & Sectors

Pakistan’s three-wheeler manufacturer shuts plant to curtail COVID-19

In compliance with the directive of the provincial government to curtail the spread of COVID-19 across provinces, t

Published 25 Mar, 2020 05:52am

Industries & Sectors

K-Electrics’ demand of extra Rs5bn from industries opposed

K-Electric has started asking the industrial sector for an additional sum of Rs. 5 billion under the Industrial Sup

Published 20 Mar, 2020 09:25pm

Industries & Sectors

Tea imports decrease 17.6 percent in 8 months

The tea imports into the country were recorded at $324,372 million during July-February (2019-20) against the impor

Published 20 Mar, 2020 11:42am

Industries & Sectors

Lt Gen (Retd) Gilani resigns from FCCL chairmanship

Lt Gen (Retd) Gilani has resigned from his position as Director and Chairman of FCCL board with effect from 20 th

Published 20 Mar, 2020 07:23am

Industries & Sectors

Colgate-Palmolive Pakistan reelects Iqbal Lakhani as Chairman

The company has also re-appointed Zulfiqar Ali Lakhani as CEO. Colgate-Palmolive (Pakistan) Limited has

Published 18 Mar, 2020 08:02am

Industries & Sectors

CAA bars visitors entry into airports after coronavirus cases escalate in Pakistan

Passengers for domestic and international flights would only be allowed entry into the airport after confirmation o

Published 16 Mar, 2020 10:32am

Industries & Sectors

Airfares to Pakistan from UAE drops amid coronavirus scare

In order to stabilize the falling demand, a number of major UAE airlines are offering concessions to the passengers

Updated 10 Mar, 2020 07:03am

Industries & Sectors

Pakistan 11th biggest weapons importer in the world, arch-rival India at 2nd

China, Russia, and Italy were the key weapon suppliers to Pakistan in 2015-19, says the report. China accounte

Updated 10 Mar, 2020 06:05am

Industries & Sectors

POL rates expected to drop in Pakistan amid global crude oil plunge

The government is in a position to announce a big relief to the public next month, says Shah. Oil fell by almo

Updated 10 Mar, 2020 10:27am

Industries & Sectors

Power hike of Rs1.48 per unit in the offing

The CPPA has sought tariff hike for January's monthly fuel adjustment. NEPRA has approved the CPPA's request f

Published 07 Mar, 2020 08:03am

Industries & Sectors

Pakistan Oilfields Limited discovers oil and gas reserves in upper Punjab

Pakistan Oil Limited tested hydrocarbons from its Development Well Pindori-10 in Rawalpindi, Punjab. The well

Published 05 Mar, 2020 06:28am

Industries & Sectors

ECC may hike electricity rates for K-Electric consumers

Under the agenda of the meeting, Nepra consideration to raise K-Electric consumers’ tariff by Rs4.88 per unit will

Published 04 Mar, 2020 08:02am

Industries & Sectors

Turkish Pegasus Airlines to commence operations in Pakistan

The Turkish carrier Pegasus will begin flights to Pakistan starting March 28, 2020 from Karachi to Istanbul. T

Published 22 Feb, 2020 10:00am

Industries & Sectors

Pakistan to introduce much needed standards for its auto industry

After food and electronics, vehicles made in Pakistan will now be included in the standard system, says Fawad.

Published 21 Feb, 2020 07:03am

Industries & Sectors

Govt spends Rs21 billion to provide telecom services in remote areas under USF

USF was established by the Ministry of Information Technology to spread the benefits of the telecom revolution to a

Published 18 Feb, 2020 12:27pm

Industries & Sectors

Dasu hydropower project to start electricity generation in 2024

All six units of the Stage-I with cumulative generation capacity of 2160-MW would be completed by early 2025.

Published 17 Feb, 2020 07:45pm

Industries & Sectors

NPPMCL discusses privatization of two power plants

Soomro emphasized that we were leaving no stone unturned towards the completion of privatization of these power pla

Published 17 Feb, 2020 07:05pm

Industries & Sectors

HBL to complete ‘voluntary closure’ of its New York branch by March end

With the closure of its New York branch, HBL would no longer operate any branch in the United States. Back in

Published 17 Feb, 2020 06:40am

Industries & Sectors

Pakistan's large-scale manufacturing bounces back in December

LSMI output increased by 9.66pc for December, 2019 compared to December, 2018 and recorded a double digit growth of

Published 15 Feb, 2020 07:51am

Industries & Sectors

Rs 300bn projects launched for agri sector development

A national programme worth Rs 2.72 billion is being implemented in the Punjab province for increasing per acre suga

Published 14 Feb, 2020 03:32pm

Industries & Sectors

Suzuki Alto loses shimmer as auto sales fell by 48pc

Toyota Corolla was the volume leader in 1300cc and above category with 3,445 units sold in the month of January.

Published 12 Feb, 2020 06:12am

Industries & Sectors

Power hike delayed, after CPPA withdraws request

The CPPA requested a hike in electricity prices by 98 paisas per unit in the garb of monthly fuel adjustment for th

Updated 11 Feb, 2020 10:58am

Industries & Sectors

Electricity rates to hike by almost Rs1 per unit

The electricity prices will be raised under the garb of monthly fuel adjustments for the month of November.

Published 11 Feb, 2020 07:41am

Industries & Sectors

Thailand energy co keen to invest in Pakistan

A delegation of Global Power Synergy met with Federal Minister for Energy Omar Ayub in Islamabad. Omar says th

Published 10 Feb, 2020 01:36pm

Industries & Sectors

World’s largest wind turbine maker keen to establish factory in Pakistan

As per reports, the factory would be established near the country’s economic hub Karachi. The world’s la

Published 08 Feb, 2020 08:35am

Industries & Sectors

Wind power plant of 200 MW to be installed in Sindh: Omar Ayub

Omar Ayub said that the Sindh government did not give right of way for gas pipeline which resulted in gas shortage.

Published 07 Feb, 2020 07:40pm

Industries & Sectors

Steps being taken to introduce affordable electricity rates for consumers: Umer Ayub

Expressing satisfaction over the performance of the energy department, he said that we had recovered 112 billion ru

Published 07 Feb, 2020 07:30pm

Industries & Sectors

EVs can help PM2.5 effects in Pakistan: Study

“The reduction in PM2.5 is generating UFPs as heavy air pollutants like PM2.5 used to absorb these extremely minute

Published 06 Feb, 2020 08:46pm

Industries & Sectors

Chinese transport service provider to invest over $600mn in Pakistan

The company intends to restore and restructure Pakistan’s public transportation system by replicating the Chinese m

Published 06 Feb, 2020 10:06am

Industries & Sectors

Demand for face masks rise in Peshawar amid coronavirus fears

Face mask vendors say mask is exported from China and the price of mask has risen due to export closure. The f

Updated 04 Mar, 2020 10:38am

Industries & Sectors

Pharmaceutical goods' export increase 5pc in 1st half of FY 2019-20

In term of quantity, the export of pharmaceutical products also increased by 11.68 percent by going up from 6,243 m

Published 01 Feb, 2020 11:40am

Industries & Sectors

SNGPL conducts successful raids for UFC control

First raid at a Nimco factory the teams caught gas-pilferers involved gas theft by installing a bypass line. T

Published 30 Jan, 2020 07:13pm

Industries & Sectors

Pakistan's largest bus manufacturer records over billion rupees loss

Sale of Hinopak's trucks and buses decreased, to 1277 units from 2435 units in the corresponding period of the last

Published 29 Jan, 2020 09:27am

Industries & Sectors

Kohat Cement's latest expansion increases capacity by 80pc

Total installed cement production capacity of the company has enhanced from 2,953,500 tons per annum to 5,293,500 t

Published 27 Jan, 2020 09:14am

Industries & Sectors

Electrifying transport: Pakistan unveils first electric rickshaw

There were four main benefits of Electric Vehicle policy as EVs would run on 70pc less costs compared to its fuel-b

Published 27 Jan, 2020 07:39am

Industries & Sectors

Datsun Car project put on-hold, as company weighs in viability

The company says that Indonesia, which is the mother plant for Datsun CKD kits, may not be a sustainable KD source.

Published 24 Jan, 2020 07:11am

Industries & Sectors

METRO inaugurates ‘Star Farm Academy’ for skilled youth

Star Farm Academy aims to enhance skills of youth who are seeking support in filling the gap between their existing

Updated 23 Jan, 2020 12:08pm

Industries & Sectors

Two cellular companies get contract for hi-speed broadband in ‘Kurram, Sanghar Lots’

The contracts for high-speed broadband were given to Telenor and PMCL (Jazz) companies in ‘Sanghar and Kurram Lots’

Published 22 Jan, 2020 08:11pm

Industries & Sectors

Sino-Pak textile cooperation to focus on readymade garments

The textile diagnostic report provided the Chinese viewpoints on the potentials and barriers of large-scale Textile

Published 22 Jan, 2020 11:59am

Industries & Sectors

PM Imran Khan invites SAP to open software labs in Pakistan

SAP's CEO expressed commitment to train young software engineers in Germany and using them for software development

Updated 22 Jan, 2020 10:27am

Industries & Sectors

OGDCL appoints Shahid Khan as MD/CEO

OGDCL Board of Directors in its meeting approved the appointment of Shahid Salim Khan in place of Dr. Naseem Ahmad.

Published 22 Jan, 2020 06:23am

Industries & Sectors

Hyundai-Nishat begins mass production of first ‘Make in Pakistan’ truck

The plant has an annual production capacity of up to 15,000 units per annum in its initial phase. The HNMPL pl

Published 16 Jan, 2020 09:56am

Industries & Sectors

Pakistan keen to fill void after India’s restrictions on Malaysian palm oil

The palm oil prices has dropped significantly after reports of India banning palm oil import made rounds. Mala

Published 16 Jan, 2020 07:15am

Industries & Sectors

Pakistan’s only wet-process cement plant on the brink of shutdown

Established in 1956-57 in Sindh, Zeal Pak Cement Factory Ltd operates on wet-process technology. The wet-proce

Published 15 Jan, 2020 09:55am

Industries & Sectors

Suzuki Alto shines amid Pakistan auto sector’s ongoing woeful run

Sales of passenger cars stood at 9,987 units in the last month of 2019, as compared to 16,141 units sold in same pe

Published 14 Jan, 2020 07:11am

Industries & Sectors

After India's restrictions, Malaysia aims to expand palm oil trade with Pakistan

In 2018, Pakistan imported 1.16 million metric tons of palm oil from Malaysia. India, the world largest import

Published 13 Jan, 2020 07:01am

Industries & Sectors

CMPak invested over US$5bn in telecom sector

CMPak had made some massive contributions for the economic development of Pakistan with Rs 134 billion taxes paid i

Published 10 Jan, 2020 03:25pm

Industries & Sectors

Honda jacks up car prices in Pakistan

The prices of various models have been increased from Rs 20,000 to 100,000. Honda BR-V MT witnessed the highes

Published 08 Jan, 2020 07:34am

Industries & Sectors

Pakistan willing to facilitate Tesla with free land, tax breaks if company interested: Fawad

Fawad Chaudhry said the government is looking forward to hear a positive response from Tesla. Pakistan auto se

Published 07 Jan, 2020 05:54am

Industries & Sectors

SNGPL to restore gas supply to CNG stations across Punjab

SNGPL says gas will be supplied to CNG stations on Tuesday and Friday from 8 am to 8 pm. The spokesperson adde

Published 06 Jan, 2020 10:23am

Industries & Sectors

Fawad Chaudhry invites Elon Musk to build next Gigafactory in Pakistan

The minister invited the tech mogul to setup a factory in Pakistan, highlighting several incentives the country has

Published 06 Jan, 2020 05:46am

Industries & Sectors

Roti gets more expensive, after flour price jacked up

The prices of wheat have increased from Rs. 1900 to Rs. 2,000 per maund in the open market. The increasing rat

Updated 04 Jan, 2020 10:10am

Industries & Sectors

SNGPL to refund millions of rupees to gas consumers

The SNGPL action comes after Prime Minister Imran Khan expressed disapproval for putting burden on gas consumers.

Updated 04 Jan, 2020 09:09am

Industries & Sectors

Pakistan, China JF-17 fighter jet gets major upgrade

Experts are of the view that the latest adoption of technologies will lead to cost-efficiency. Just days ago,

Published 03 Jan, 2020 10:47am

Industries & Sectors

UAE’s $200mn to be used for Pakistan SMEs

Hafeez Sheikh says that the announced amount will be spent on small business promotion and jobs. Advisor

Published 03 Jan, 2020 07:53am

Industries & Sectors

Qatar seeks operational workforce from Pakistan for World Cup 2022

The FIFA World Cup 2022, which is scheduled to be held in Qatar has shifted from construction and development stage

Published 03 Jan, 2020 06:20am

Industries & Sectors

PM Khan to lay foundation stone of Allama Iqbal Industrial Estate

The project will cost a total of Rs 400 billion rupees, and will generate employment opportunities for 300,000 pers

Published 03 Jan, 2020 05:18am

Industries & Sectors

Karachiites not to bear NEPRA latest electricity hike: KE

The electric supply company said that power utility refuted the claim that this increase would be borne by consumer

Published 02 Jan, 2020 09:15am

Industries & Sectors

Govt increase in fines pushes transporters to countrywide strike

Back in November, the federal government announced to revise upward the fine by up to 250-300 percent. T

Published 02 Jan, 2020 06:23am

Industries & Sectors

Customs drafts risk management rules for cargo clearance

As per FBR, the rules will help in identifying high risk imports/exports while facilitating international trade.

Published 01 Jan, 2020 09:32am

Industries & Sectors

Sindh gas crisis to end in coming days: SSGC

The gas problem in Sindh would end in January, after the induction of 40MMCFD gas into the system from Rehman gas f

Published 01 Jan, 2020 07:27am

Industries & Sectors

LPG price increase by over Rs23 per kg as New Year begins

Under the new prices, the LPG price has been increased by 23.54/kg to Rs151.82/kg. The government increased t

Published 01 Jan, 2020 06:39am

Industries & Sectors

Govt blames rising domestic demand, prolonged winter as gas crisis intensifies

The gas shortage in South is approximately 100 to 150mmcf, informed the SAPM. The shortage could only be met w

Published 31 Dec, 2019 09:50am

Industries & Sectors

Gas crisis in Sindh: CNG stations shut yet again for another 24 hours

SSGC gas supply from different gas fields has been reduced. The gas shortfall has affected not only the supply

Published 31 Dec, 2019 08:22am

Industries & Sectors

With latest expansion, Lucky Cement becomes Pakistan largest cement maker

Lucky Cement informed that the new line was made operational with the commencement of Clinker production on Decembe

Published 31 Dec, 2019 07:26am

Industries & Sectors

‘Otherworldly’ Pakistan place among top adventure travel destination for 2020

The society advise the Government of Pakistan to invest heavily in promoting the country's tourism assets overseas.

Published 30 Dec, 2019 07:50am

Industries & Sectors

Gas crisis intensifies in Khyber Pakhtunkhwa

The petitioner appealed to the court to provide immediate gas to the public and has also pleaded not to send gas bi

Published 30 Dec, 2019 07:26am

Industries & Sectors

Increased fares, long delays keep Pakistan Railways sluggish throughout 2019

Passenger train fares were increased from 7 to 8 percent in 2019, fares of freight train were also increased by 20

Published 30 Dec, 2019 05:36am

Industries & Sectors

Textile industrialist willing to invest $5bn, says APTMA

The only industry working in Pakistan at the moment is the textile industry, says Group Leader APTMA. Gohar ur

Published 27 Dec, 2019 10:31am

Industries & Sectors

Pakistan mulls over opening sea routes for Gulf region passengers

The government would facilitate private investors and the service would not only be limited to PNSC ships. Fed

Published 27 Dec, 2019 06:29am

Industries & Sectors

Turkish aerospace manufacturer opens office in Pakistan

TAI is the first Turkish defense firm to open an office in Pakistan's first technopark. The Turkish defense gi

Published 26 Dec, 2019 07:27am

Industries & Sectors

Local refineries approach govt as furnace oil crisis looms

SAPM on Petroleum Nadeem Babar has decided to make a Working Group comprising government officials and representati

Published 24 Dec, 2019 10:10am

Industries & Sectors

Govt to offer tax breaks for industries with export potential, says PM advisor

PM advisor Abdul Razak Dawood said that an export policy will be announced next year in January. Dawood was of

Published 24 Dec, 2019 05:58am

Industries & Sectors

Pakistanis to get jobs in Japan as both the countries sign MoU on manpower

Japan needs 340,000 workers who need to know the technical skills and Japanese language. Japan has high expect

Updated 23 Dec, 2019 10:07am

Industries & Sectors

CNG stations to remain shut as pressure drops across Sindh

Due to drop in pressure in Gas System, domestic and commercial consumers will face inconvenience in fulfilling thei

Published 23 Dec, 2019 08:00am

Industries & Sectors

SNGPL halts gas supply to industries as demand rises

SNGPL says that the decision was taken in order to meet demand of domestic consumers. Decision to halt gas sup

Published 21 Dec, 2019 11:15am

Industries & Sectors

Pakistan to sign MoU with Japan for export of manpower

Back in October, both countries agreed to further negotiate on signing of MoU for exporting thousands of skilled la

Published 21 Dec, 2019 07:35am

Industries & Sectors

Pakistan aims to boost tourism industry through CPEC

Pakistan is eyeing on tapping potential of its tourism sector by attracting Chinese tourists to visit Pakistan.

Published 20 Dec, 2019 10:34am

Industries & Sectors

Drop in pressure worsens gas crisis in Sindh

Gas crisis in Sindh has turned pretty severe, with CNG stations closed from Tuesday afternoon due to reduced gas pr

Published 20 Dec, 2019 07:26am

Industries & Sectors

Despite sales decline, Pak Suzuki raises prices

The price of Suzuki’s Alto VXR raised by a whooping Rs90,000 witnessing a surge of 6.88 percent, the vehicle is now

Published 19 Dec, 2019 06:59am

Industries & Sectors

Textile exports grew by 4.68pc in 5 months of FY 2019-20, reached to $5.763bn

On month on month basis, textile exports from the country grew by 7.03pc in November, 2019 as it was recoded at $1.

Published 18 Dec, 2019 12:05pm

Industries & Sectors

DLL selling ‘Lawrencepur’ brand as textile sector deteriorates

The brand is being sold at a price of Rs81.5 million as against the independent valuation of Rs78.1 million conduct

Published 18 Dec, 2019 09:30am

Industries & Sectors

PICT becomes Pakistan first container terminal to obtain international safety standard

PICT successfully migrated from the old OHSAS 18001 standard to the new ISO 45001:2018. In October 2012, ICTSI

Published 18 Dec, 2019 07:00am

Industries & Sectors

Jehangir Ali Shah assigned PSO’s acting CEO

Jehangir has been appointed for another period of 30 days or till the appointment of a regular incumbent, whichever

Updated 18 Dec, 2019 07:01am

Industries & Sectors

South Korean power company to invest over $1bn in Pakistan power sector

Khyber Pakhtunkhwa govt and the Korean company have partnered to invest in 496 MW power project in Kohistan. T

Published 17 Dec, 2019 09:07am

Industries & Sectors

OGRA approves 214 percent hike in gas prices for domestic consumers

The gas regulator has sent its decision to increase gas prices to the federal government. The gas prices for R

Updated 17 Dec, 2019 08:10am

Industries & Sectors

Govt releases Rs81.132 million for Textile Industry sector development projects

The authorities concerned had also given the authorization of release Rs78.304 million for 1000 Industrial Stitchin

Published 16 Dec, 2019 02:06pm

Industries & Sectors

Tractor production decrease by over 34pc in 5 months of FY 2019-20

Manufacturing of motorcycles and three wheelers in the country plunged to 672,032 units during the period under rev

Published 16 Dec, 2019 12:15pm

Industries & Sectors

Chinese expert believes ‘Green Corridor’ to boost Pakistan’s agriculture

Rising demand in China will boost agricultural sector in Pakistan, says Chinese expert. Pakistani and Chinese

Published 16 Dec, 2019 06:25am

Industries & Sectors

Turkey’s multibillion dollar defense giant ASELSAN to open offices in Pakistan

ASELSAN is aiming to expand its defense transactions with Pakistan by opening its office in January 2020. Last

Published 12 Dec, 2019 07:28am

Industries & Sectors

PIA in talks with Russia to acquire Sukhoi Superjet 100 planes

Talks between Russian authorities and PIA will continue next year, said Russian Industry and Trade Minister Denis M

Published 12 Dec, 2019 06:42am

Industries & Sectors

NEPRA holds K-Electric responsible for electrocutions in Karachi, imposes Rs50mn penalty

The regulator has also ordered K-Electric to carry out third party verification of its distribution system. KE

Updated 11 Dec, 2019 06:54am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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