Tea imports up 0.61pc to $495.957m
Staff Reporter Islamabad The tea imports into the country increased by 0.61 percent during the first ten months of the current fiscal year compared to the corresponding period of last year. Pakistan imported tea worth $495.957 million during July-April (2018-19) against the imports of $492.966 million during July-April (2017-18), according to the latest data of Pakistan Bureau of Statistics (PBS). In terms of ...
Active borrowers of Microfinance loans reach 7.1 million
The quarter under review also witnessed a strong growth in the Gross Loan Portfolio (GLP) of the industry increasing by 5% to surpass PKR 288 billion as compared to over PKR 274 billion in the previous quarter.This significant growth was primarily driven by the Microfinance Banks (MFBs)whose number of active clients was raised by 5.5% and GLP by 6%. ...
British Airways flight to London to begin next week Halal meal option is available in every cabin
The 787 is British Airways? newest long-haul aircraft that is 20 per cent more fuel efficient than other aircraft and features larger windows, mood lighting and the latest inflight entertainment system. Customers travelling can expect bespoke services to enhance the onboard experience including a halal meal option in every cabin, while the airline will also ensure sauces in every ...
Market Support Fund Perspective–Fundamentals and History Battering of SOEs has opened up valuations
With an intention to improve sentiment, the Gov?t is contemplating the launch of a market support fund on the lines of State Enterprise Fund (SEF) established in 2009. The idea is similar as the one from 2009 whereby the fund will be acquiring stocks which are substantially owned by the Gov?t (SOEs or State Owned Enterprises) such as PSO, ...
Engro’s statement on Jamali
Karachi It has been learnt through the media that the Chairman of the Board of Sindh Engro Coal Mining Company (the Company or SECMC), Khursheed Jamali, has been arrested by NAB officials.
Miscreants involved in theft of NTDC transmission line material arrested
Staff Reporter Lahore Gang comprising of nine miscreants involved in theft of material of 500 kV transmission lines in Southern Region has been arrested by Jamshoro, Khanot and Sehwan police. The spokesman said that during the third week of current month, NTDC Asset Management South Region witnessed three sabotage activities on 500 kV Dadu-Port Qasim Transmission line and 500 kV ...
India Terminates Imports Of Iranian Oil - Ambassador To US
WASHINGTON (UrduPoint News / Sputnik - 24th May, 2019) ended its imports of Iranian last month, Ambassador to the Harsh Shringla told reporters at the country's embassy in on Thursday. After that, we haven't imported any," Shringla said when asked about the country's ending its imports of Iranian in . Eight of 's ...
RCCI for providing relief in upcoming budget
RCCI President Malik Shahid Saleem said in a statement that government must introduce an amnesty scheme for filers and taxpayers similar to the assets declaration scheme for the non-filers. RCCI president said that the Chamber already had submitted a set of proposals with FBR for consideration and incorporation in the federal budget 2019-20, stating that these proposals would help ...
LCCI for improving ease of doing business ranking
?Good EODB ranking would also influence positively to the foreign direct investment, domestic businesses, employment generation and revenues of the state?, he said. ?Appointment of Shabbar Zaidi as Chairman FBR is a good move?, he said, adding, measures like barring FBR officials from conducting raids without approval and stoppage of bank account attachment would create business-friendly atmosphere in the ...
Market gains 944 points in another bullish session
This was followed by Unity with 15,251,000 shares and its share price also increased by Rs0.62 whereas KEL was third top trading company that touched trade volume of 15,176,000, while its share price decreased by Rs0.06 per share.
Govt should impose education emergency: Dr Hussain
LAHORE??? -?? Minhaj University Lahore (MUL) Deputy Chairman Board of Governors Dr Hussain Mohi-ud-Din Qadri has said that government should impose education emergency and pace up the facilitation process for the private education sector in country. Talking about the future plans, he announced that MUL is going to open its first campus in Islamabad soon and that initiative would ...
54th AGM of SNGPL held
The company?s annual accounts for the year ended June 30, 2018 were placed before the shareholders. 70.50 % for the year ended June 30, 2018 including interim cash dividend of Rs.1.5 per share of Rs.10/- each, as recommended by the Board of Directors. The shareholders also considered and adopted the annual audited accounts of the company for the year ...
EU envoy appreciates EFL’s efforts for creating skilled workforce
KARACHI (PR) European Union ambassador to Pakistan, Jean Francois Cautain visited Engro Foods (EFL) beneficiary trainees working as dairy farm supervisor at farms in Karachi. This Dairy Development Program was funded by European Union (EU), Deutsche Gesellschaftf?r Internationale Zusammenarbeit (GIZ) and Norwegian government through National Vocational and Technical Training Commission (NAVTTC) Sindh. Saud Ahmed Pasha stated, ?Our purpose, our ...
Govt paying huge price of past borrowing as debt servicing rising
ISLAMABAD?? -?? The government is paying huge price of past borrowing as the country repaid $7.3 billion as principal amount as well as interest payment during nine months of the current fiscal year. The break-up of Rs7.3 billion showed that Pakistan had repaid $5.184 billion as principal amount and $2.05 billion as interest payment during nine months (July to ...
Govt proposes development outlay of Rs1.837tr for 2019-20
ISLAMABAD??? -?? Amid protest by Sindh, the Annual Plan Coordination Committee (APCC) Thursday finalises national development outlay of Rs 1.837 trillion for fiscal 2019-20. A meeting of the Annual Plan Coordination Committee (APCC) was held here under the chairmanship of Minister for Planning, Development and Reforms Makhdum Khusro Bakhtyar. During the meeting, the Ministry of Planning gave an overview ...
Exports Target Should Be Assigned To Commercial Counsellor: FPCCI
In a statement here on Thursday, he said during the last years, share of Pakistan's exports to various regions has declined particularly in OIC declined to 17.4 percent compared to 29 percent in 2012, South America declined to 1.2 percent compared to 1.5 percent in 2012, Asia region declined to 38 percent compared to 52 percent in 2012 and ...
Wall Street Sinks Further As Trade Woes Persist
Meanwhile, the International Monetary Fund warned that the US-China trade war threatens to jeopardize the global recovery, and could subtract about a third of a percentage point from GDP growth if Washington carries out a threat to put tariffs on virtually Chinese imports. Further dampening the mood was gloomy economic and political news out of the EU: a survey ...
Global Stocks Dive In 'perfect Storm' As Oil Slumps
"The markets (are) caught in a perfect storm of UK political turmoil, US-China trade warmongering and European economic softness," said Spreadex analyst Connor Campbell. - Economic woes - Eurozone indices took a battering also on Thursday, with Frankfurt and Paris losing around 1.8 percent as survey data showed the bloc's economic growth remained "subdued" in May. "US stocks are ...
Oil Slumps More Than Four Percent On Trade Tensions
"Oil prices remain under pressure, extending this week's falls amid surging U.S crude inventories and weak demand from refineries," said Oanda analyst Dean Popplewell, noting latest data showed crude oil inventories at a two-year high due to weak refinery demand.
Commerce Division Refers TCP Rs100 M TDR Encashment Case To NAB For Recovery
The TCP had invested Rs100 million as Term Deposit Receipt (TDR) with Trust Investment Bank Limited (TIBL) on April 13, 2009 for a period of three months at13.25%, a commerce ministry press release Thursday said.
