Good Goodies wins ‘Gold’ Effie Award 2019
Good Goodies, a brand of UniFood Industries Limited operating in the cakes segment, recently won Pakistan?s first ever Effie Award in the David vs Goliath category, that celebrated outstanding marketing effort by new players going up against seasoned players with decades of experience behind them. Embracing a spirit of imagination through product innovation and reimagining the way packaged cakes ...
ZTBL diversifying operations with big growth targets
Similarly, the bank?s business model has been changed and ZTBL has commenced Islamic Banking Operations in December 2018 after getting License from State Bank of Pakistan.In addition, the bank is facilitating farming community through Agri. Under the scheme ZTBL has given loans amounting to Rs.11 billion to 91,000 small borrowers where mark up on loans in respect of regular borrowers ...
Provincial govts record budget surplus of Rs291.6b in nine months
ISLAMABAD? -??? The four provincial governments recorded budget surplus of Rs291.6 billion during nine months (July to March) of the ongoing fiscal year that helped in restricting the country?s budget deficit at Rs1.9 trillion. The expenditures of four provinces had remained at Rs1.91 trillion as compared to the revenues of Rs2.2 trillion, making the surplus of Rs291.6 billion in ...
Stock market closes almost flat
The three top traded companies were World Call Telecom Limited with a volume of 10.045 million and its price per share declined by Rs 0.02 to close at Rs 0.77, Maple Leaf Cement Factory (MLCF) with a volume of 9.07 million and its price per share increased by Rs 0.56 to Rs 24.13 and Sui Northern Gas Pipe line ...
Australian businessman keen to invest in Pakistan: HC
? ISLAMABAD : Australian High Commissioner Margaret Adamson on Monday said Australian businessman and trade firms are keen to invest in Pakistan keeping in view the investment friendly environment. While meeting National Assembly deputy speaker, she said that Australia attached great importance to its relations with Pakistan and wanted to further strengthening the existing relations trough enhanced parliamentary and economic ...
Sindh for increasing FED on gas to Rs18 per MMBTU
ISLAMABAD? -??? Sindh has demanded to increase of federal excise duty (FED) on natural gas by 80 percent from the existing Rs 10 per MMBTU to Rs 18 per MMBTU and impose 5 percent duty on crude oil. Freezing of FED rate for natural gas at Rs 10 per MMBTU and non-imposition of FED on crude oil has been ...
No new taxes to be imposed in Punjab budget: Minister
LAHORE? -??? Minister for Excise, Taxation and Narcotics Control Hafiz Mumtaz Ahmed has said that business community would hear good news in the upcoming Punjab budget. Speaking at a ceremony at Lahore Chamber of Commerce & Industry, he said that no new taxes would be imposed. The minister said that a new app would be introduced in July or ...
SNGPL chairman meets energy minister
LAHORE? -?? Chairman SNGPL, Senator Syed Dilawar Abbas had a meeting with the Federal Minister of Energy (Petroleum Division) Omar Ayub Khan.
Direct flight between Pakistan, Azerbaijan to operate soon
Ghulam Sarwar Khan said this during a meeting with Ali Alizada, Azerbaijan?s Ambassador to Pakistan, who called on him here, said a press release. Relations between the two countries are warm, cordial, based on trust and respect.? Ali Alizada said that Azerbaijan was keen to enhance ties with Pakistan. Interestingly, Draft Air Services Agreement (ASA) between Pakistan and Azerbaijan ...
Zero-rating regime suspension may drop export further to $21b
LAHORE?? -? The five export-oriented manufacturers? bodies, mainly based in Sialkot, have urged the government to continue the sales tax zero-rating regime in the budget 2019-20, fearing the Pakistan export might drop further to $21 billion from existing $23.7 billion. The five zero-rated exporters? bodies of value-added textiles, leather, carpets, surgical instruments and sports goods, in an emergency called ...
GreenO opens 10th outlet
We have very ambitious plan and soon you will see us in all the areas of Karachi, and within a year our outlets will be opened in other cities of Pakistan as well.
Hyundai NEXO named a ‘game changer’
? LAHORE : The Hyundai NEXO Fuel Cell vehicle has been named as a ?game changer? at the annual Autocar awards, in recognition of its trail-blazing zero emissions hydrogen fuel cell technology. Actually, it?s the latest of several generations of hydrogen fuel cell Hyundais, launched while most car makers are still years behind.? NEXO?s fuel cell electric powertrain offers the latest ...
EBM launches new World Cup anthem
With the ICC Cricket World Cup 2019 all set to kick off this May, EBM has now launched a new World Cup anthem in collaboration with everyone?s favourite rock band, Junoon. Diversity is at the core of the anthem, therefore care has been taken to shed the spotlight on individuals belonging to a range of ethnic, religious and gender-based ...
Hafeez Shaikh reviews social, economic needs of merged FATA districts
ISLAMABAD (Dunya News) ? Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh on Monday presided over a meeting to review the social and economic needs of the merged districts of erstwhile Federally Administrated Tribal Areas (FATA).
Pakistan Stock Exchange PSX Closing Rates 27 May 2019
398 Dewan Farooque Motors Limited[DEFAULTER SEGMENT] 8.77 Ghandhara Industries Ltd. 112.91 Ghandhara Nissan Ltd. 61.35 Ghani Automobile Industries Ltd. 4.2 Hino Pak Motor Limeted. 326.99 Honda Atlas Cars (Pak) Ltd. 158.86 Indus Motor Company Ltd.(XD) 1202 Millat Tractor Ltd.(XD) 825.04 Pak Suzuki Motors Co Ltd.(XD) 271.93 Sazgar Engineering Works Ltd. 222.69 AUTOMOBILE PARTS & ACCESSORIES: Agriautos Industries Co. Ltd. 200.5 Atlas Battery Ltd. 87.04 Exide Pakistan Ltd. 144.66 General Tyre & Rubber Co. 44.02 Loads ...
Head Of Lebanese Central Bank Says National Currency Remains Stable - Presidential Office
Current budgetary adjustments and the start of the execution of plans in the power generation sector create a positive trend for the markets," the press release said. Late last week, the Lebanese government reached an agreement on the country's 2019 budget, which envisages significant public spending cuts and a reduction of the budget deficit as a means to get ...
Shipping Activity At Port Qasim 27 May 2019
Meanwhile, six more ships including MSC Luisa, Seamax Greenwich, La Venture, NCE Shams, Analipsi Lady and LNG Solar with Containers, Coal, Vegetable oil, Furnace oil and LNG also arrived at outer anchorage of Port Qasim during last 24 hours.
Lebanese Government Submits To Parliament Budget For 2019 Financial Year - Reports
Reports emerged in Lebanese media in April claiming that the government intended to introduce a number of amendments when forming the new state budget that might include a reduction in salaries for public servants, an increase in taxes and a decrease in pensions and medical insurance.
Dollar Sheds Rs 1.17 In Interbank, Closed At Rs 149.74
The SBP further reported that in interbank the price of Euro decreased by Rs 1.24 after which it traded at Rs 167.59 against Rs 168.83 of the previous day. The price of Japanese yen decreased by 01 paisa after which it traded at Rs 1.36 against Rs 1.37, whereas the decrease of 93 paisa was witnessed in exchange rate of British ...
Kia Lucky Motors to commence production from August
ISLAMABAD (Dunya News) ? Kia Lucky Motors Pakistan is expected to commence production from August this year but is worried due to imposition of 10 percent Federal Excise Duty (FED) on above 1,700cc vehicles. The manufacturing facilities of the firm are complete and the firm will start manufacturing by August 2019 of the following models: Kia Sportage, 2000 cc ...
