Industry – Business Observer

Traders to stand with Kashmiri brethren till freedom: FCCI President

Industry
| Aug 6, 2020

Faisalabad Chamber of Commerce & Industry (FCCI) president Rana Sikandar Azam Khan said that traders and businessmen will stand with the Kashmiri brethren till their freedom. Addressing a seminar to mark the Youm-e-Istehsal Kashmir, he said that Kashmiris had been facing tyranny and brutalities by Indian forces for raising voice in Indian Illegally Occupied Jammu…
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PSX remains bullish

Industry
| Aug 6, 2020

The Pakistan Stock Exchange was bullish on Thursday. The KSE-100 Index closed at 40166.12 points as compared to 39882.78 points on the last working day with a positive change of 283.34 points. The total turnover was 826, 808,981 as compared to 501,945,551 on last working day with World Call telecom having the highest turnover 242,817,000….
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Pakistan’s Shift to Euro 5 Fuel Will Support Asian Markets

Industry
| Aug 5, 2020

According to S&P Global, Pakistan’s eagerness to adopt cleaner motor fuels by 2021 is likely to extend support to the Asian gasoline and gas oil market in the medium-term. In June, Pakistan had imposed a ban, which came into effect on 1 August, on gasoline imports of less than Euro 5 standard. Gasoline imported from China…
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Syria says U.S. oil firm signed deal with Kurdish-led rebels

Industry
| Aug 2, 2020

Syria says a US oil company has signed an agreement with Kurdish-led rebels controlling northeastern oilfields, in violation of the country’s sovereignty. In a statement, Syria’s foreign ministry strongly condemned the agreement, terming it illegal and null and void. The ministry accused the US administration of sponsoring and supporting the deal to steal Syria’s oil….
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Pakistan Received $10.62 Billion Foreign Loans During FY-2019-20

Industry
| Jul 30, 2020

The country received $10.662 billion external inflows from multiple sources in the fiscal year 2019-20 against the budgeted estimates of $12.958 billion for the entire fiscal year which is 82 percent of the amount. It does not include $2.826 billion received from International Monetary Fund (IMF), including $1.44 billion under the Extended Fund Facility (EFF)…
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FCCI demands Govt to preferably allow businessmen to reopen their businesses

Industry
| Jul 30, 2020

Faisalabad Chamber of Commerce and Industry (FCCI) demanded the government to preferably allow businessmen to reopen their businesses with minimum turnover of customers on priority basis. Addressing a meeting of FCCI Standing Committee on Electronics and Installment Association, FCCI President Rana Sikandar Azam said that economic activities have come to a grinding halt due to…
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Draw of national prize bonds worth Rs25000 to be held on Aug 3

Industry
| Jul 28, 2020

The 34th draw of national prize bonds worth 25000 rupees will be held on the 3rd of next month in the building of State Bank of Pakistan (SBP), Lahore. Dignitaries from all walks of life and valuable clients will attend the draw proceedings. Source: Radio Pakistan
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Pakistan’s Trade Deficit Will Shrink in The Next Few Months: Report

Industry
| Jul 27, 2020

Pakistan’s balance of payments is set to improve and its trade deficit will shrink further as the country’s exports are likely to improve more than its imports in the coming months. This was stated by renowned Canadian advisory firm BCA Research, a leading independent provider of global investment research, in its latest report. The firm…
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