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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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Petrol/Litre / Dec 24	252.10
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Diesel/Litre / Dec 24	255.38

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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