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Karachi: Byco Petroleum Pakistan Limited, Pakistan’s largest oil refining company, reached a key milestone in its Upgrade 1 project by beginning civil works construction on 9th January 2021 at the site earmarked at its refining complex for the construction of the project. In an Extraordinary General Meeting held on 2nd April 2020, Byco had announced …
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Karachi: The deliberate decline in the market value of cryptocurrency by 200 billion in 24 hours. Market analysts have called the decision “risky” for investors. According to Forbes Magazine, 200 billion has been wiped off from the market in the last 24 hours. The decline was recorded after the cryptocurrency’s market value rose 100 percent …
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Karachi: Saudi Aramco has issued new rates for January 2021 with the increase in petrol prices. According to the new rates released by Saudi Aramco, the rate of 91 petrol has been fixed at 1.62 riyals per liter while the price of octane 95 has been fixed at 1.75 riyals per liter. The new prices …
The exporters are likely to face huge financial losses due to the inaccessibility of export containers of kinnow to the seaport. According to reports, 400 export containers of kinnow worth USD 4.6 million are standing still awaiting transportation to the seaport. If the reefer containers are not supplied with electricity to maintain the specific temperature, …
Karachi: Bitcoin, rises to $35,879 on Wednesday, was trading above $35,000 for the first time in Asia. The world’s most famous cryptocurrency, on Dec 16, 2020, had reached $20,000 for the first time almost three weeks earlier. Bitcoin hit a peak of $20,800 and gained 170pc or more for the year 2020 which remained in …
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Karachi: The dollar rose on the second day of the trading week in the interbank market. Interbank closing #ExchangeRate for today: https://t.co/T7wicZAxHH pic.twitter.com/tE3s89hrFC — SBP (@StateBank_Pak) January 5, 2021 According to the report released by the State Bank of Pakistan (SBP), the value of the dollar has risen by 35 paise in the interbank market. …
Karachi: In the open market, the dollar has depreciated by 20 paise in a week. In the open market, the dollar has fallen from 160.50 to 160.30 during the week. According to the weekly report of the dollar, it has been decreased by 49 paise in the interbank market. The dollar fell from Rs 160.32 …
Continue reading “Rupee surges against the dollar over the past week”
Karachi: Prime Minister Imran Khan has said that strict measures should be taken against the elements involved in oil smuggling. According to details, a high-level meeting on anti-trafficking measures was held under the chairmanship of Prime Minister Imran Khan. During the briefing, it was said that the sale of smuggled oil is causing an annual …
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Karachi: The news about developing the Male UAV (Drone) here in Pakistan is circulating. In the introduction ceremony of the Pakistan Air Force, the information about is making rounds on social media that Male UAV (Drone) will be locally developed like the previous two Armed drones in the Project of Azm. In the recent pictures …
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Karachi: IKEA, a famous furniture retail company, is all set to come to Pakistan in the coming months. IKEA is ready to launch its cost-effective product range to the Pakistani market. The multinational empire is notorious for its customer-friendly furniture and distinct designs. A Pakistani ambassador, Mohammad Faisal, announced the news of IKEA ready to …
Karachi: Voting for the FPCCI’s annual election for 2021 has begun. A total of 374 voters will cast their votes in the elections. The polling is going on till 5 pm. Sheikh Khalid Tawab is the joint candidate of United Business Group and National Business Group in the election while Mian Nasir Hayat is the …
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Karachi: The federal government has increased the price of electricity by 18 paisa per unit. The Power Division has issued a notification to increase the price of electricity, according to which the average electricity tariff has been increased from Rs 13.35 paise to Rs 13.53 paise per unit. The increase in electricity prices was in …
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Karachi: Prices of petroleum products in Pakistan are likely to go up by Rs 4 in the wake of rising crude oil prices in the global market. According to sources, the Oil and Gas Regulatory Authority (OGRA) has begun working on the prices of petroleum products shortly after the rise in crude oil prices. Sources …
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Karachi: The dollar rose on the first day of the trading week on the interbank market. According to the data released by the State Bank of Pakistan, the value of the dollar in the interbank market has increased by 6 paisa. Interbank closing #ExchangeRate for today: https://t.co/McjMBAw7UT pic.twitter.com/SdOJPHvTnS — SBP (@StateBank_Pak) December 28, 2020 According …
Karachi: A directive has been issued to open CNG stations in Karachi from today. According to the details, the schedule of gas shutdown in Karachi has been changed. The instructions have been issued to open CNG stations as per new schedule in Karachi from Monday 28 December. According to Sui Gas Administration, all RLNG and …
Karachi: The All Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association’s (PFVA) Delegation discussed the challenges relating to the export of fruits and vegetables in general and orange in particular. PFVA, in the meeting, highlighted challenges posed in Trade with Afghanistan, Indonesia, and Iran. A delegation of Pakistan Fruit and Vegetable Exporters Association led …
Continue reading “PFVA’s Delegation holds a meeting to address several challenges in the export”
Karachi: The Finance Ministry, Abdul Hafeez Shaikh, says that the rate of inflation has been steadily declining for the last four weeks. According to a statement issued by the Ministry of Finance, a meeting of the National Monitoring Committee chaired by Finance Minister Hafeez Sheikh has taken notice of the increased prices of eggs and edible …
Karachi: Siraj Kassam Teli, former president of the Karachi Chamber of Commerce and Industry (KCCI), died of Cardiac arrest earlier this morning on Tuesday, 8 December, in Dubai. According to the sources, Teli was admitted at a hospital and was on a ventilator for two days. The news of his demise came to many as …
Continue reading “Renowned businessman Siraj Kassam tell passes away at 67”
Karachi: President EFP, Ismail Suttar, has strongly recommended the Hon’ble Advisor to Prime Minister on Commerce & Investment, Abdul Razak Dawood, to look into the near-extinct state of Pakistan’s Stationary sector for extending the closure of schools due to Coronavirus for almost 250 days. The Director EFP and a senior industrialist, Ahsan Ullah Khan, who …
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KARACHI: Careem, the Middle East and Pakistan Mega App, has reported that its restaurant commission fees will be reduced to 5 percent with the second phase of COVID-19 entering Pakistan and the closure of indoor dining. This announcement was made on the social media properties of Careem, urging individuals to request more. The reduction in …
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Pakistan was not even able to collect a single offer for three Liquefied natural gas (LNG) cargoes for the first half of January and drew the high prices for the second half of January, largely due to delayed tenders in the light of rising international prices. The official said that in October, the government had …
Karachi: The Economic Affairs Minister Makhdoom Khusro Bhakhtiar stated that the government of Pakistan is ready to make efforts in improving fiscal management. This will be done by increasing domestic revenues and investing in development initiatives. The Minister was speaking at the event where a $304 m loan has been lent from the World Bank, …
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Karachi: PM Imran khan cut the ribbon on Wednesday to inaugurate a private airline of Pakistan which Sialkot’s business community unveiled. While speaking on the occasion, the Prime minister applauded the airline, saying it is an “excellent initiative”, which will be rewarding for the business community in Sialkot. Khan also mentioned that he had no …
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