Category: Business

ISLAMABAD: The fertiliser sector has asked the government to reconsider proposed increase in gas prices, maintaining that it would raise urea rates and negatively impact food security of the country. In a letter to the Ministry of Industries, the fertiliser manufacturers said the latest gas price determination by the Oil and Gas Regulatory Authority (Ogra) […]

KARACHI: The closure of CNG stations for a longer duration has proved to be a great burden on the pockets of consumers as rickshaw and taxi drivers are demanding exorbitant fares while peak factor on ride-hailing services has remained a constant irritant owing to lack of public transport. The current week also saw a huge […]

LAHORE: The Drug Regulatory Authority Pakistan (Drap) has asked all pharmaceutical companies to submit their expenditure data regarding promotional activities, including sampling, for the last two years (from 2017 to 2019). As per Rule 33 (related to registration, licencing and advertisement) of the Drugs Act 1976, no pharmaceutical company should spend more than five per […]

LAHORE: With a sudden drop in temperature across the country, the ongoing gas crisis deepened on Sunday as the total shortfall surged to 600 million metric cubic feet a day (MMCFD) that may compel the Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) to curtail the supply to sectors other than […]

The Pakistan Stock Exchange (PSX) on Monday declined sharply, with the benchmark KSE-100 Index shedding 824 points to close at 40,008, down 2 per cent. The market opened at 40,833 points, which remained the day’s high, and went down to 39,931 points before making a slight recovery before the closing bell. As many as 104.3 […]

The International Monetary Fund (IMF) on Thursday approved the second tranche of $452.4 million for Pakistan under the $6 billion Extended Fund Facility (EFF), declaring that Pakistan’s reform programme is “on track and has started to bear fruit”. The Fund, after completing it’s first review of Pakistan under the EFF, noted that “decisive” implementation of […]

PARIS: A French court on Friday found the former CEO and other executives at France Telecom guilty of “institutional harassment” after the company was rocked by dozens of suicides during a vast corporate restructuring. In the first ruling of its kind against a blue-chip French company, presiding judge Cecile Louis-Loyant said managers used “forbidden” methods […]

KARACHI: The government is working on multiple fronts to enter into new markets in order to boost exports, said Commerce Secretary Nawaz Sukhera on Friday. Addressing a gathering of value-added textile leaders at the Pakistan Hosiery Manufacturers Association, he said the Ministry of Commerce is planning to hold a conference in Nairobi, Kenya on Jan […]

KARACHI: After the massive bloodshed a day earlier, the stock market limped back to a semblance of normalcy on Friday. The KSE-100 index recouped 177.62 points (0.44 per cent) and closed at 40,832.99. The market remained in directionless trading throughout both sessions, with the index sporting intraday high and low by 399 points and 161 […]