ECC approves 0.2MMT wheat for Utility Stores

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved 0.2 million metric tons of wheat for Utility Stores Corporation (USC) to provide relief to masses. Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet today at […]

by Mrs. Anjum Shahnawaz

SECP extends insurance license renewal date

Apr 13

Corporate, Stock & Commodity

SECP extends insurance license renewal date

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has extended license renewal date for insurance brokers in the wake of coronavirus outbreak. The SECP issued Circular No. 12 on Monday to extend the date for license renewal for insurance business. The SECP said that considering the gravity of the pandemic coronavirus (COVID-19) on public health […]

by Mrs. Anjum Shahnawaz

Share market falls by 1,000 points amid cut in global oil production

Apr 13

Stock & Commodity

Share market falls by 1,000 points amid cut in global oil production

KARACHI: The share market fell by 1,000 points on Monday despite announcement in cut of international oil production. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,033 points as against 32,03 points showing a decline of 1000 points. Analysts at Arif Habib Limited said that the market headed south today on the […]

by Mrs. Anjum Shahnawaz

Rupee eases by four paisas on import demand

Apr 13

Money & Banking

Rupee eases by four paisas on import demand

KARACHI: The Pak Rupee fell by four paisas on Monday owing to demand for import payment as market opened after two weekly holidays. The rupee ended at Rs166.83 to the dollar from last Friday’s of Rs166.79 in interbank foreign exchange market. The rupee was under pressure during the day due to demand for import payment, […]

by Mrs. Anjum Shahnawaz

Karachi Chamber advocates unregistered transactions

Apr 13

Trade & Industry

Karachi Chamber advocates unregistered transactions

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) reiterated demand for eliminating condition of Computerized National Identity Card (CNIC) and allow unregistered persons to make purchases freely. KCCI President Agha Shahab Ahmed Khan in a statement on Monday urged the government to immediately waive CNIC requirement for sales to unregistered persons and three percent further […]

by Mrs. Anjum Shahnawaz