Federal Board of Revenue has reduced the sales tax on petrol and diesel effective August 5, 2017 aimed to cut the product prices to be sold consumers. The government has reduced the petrol and diesel price effective August 6, 2017 after slashing the sales tax. Federal minister of finance
In a release issued by the AgriAutos Industries, it has informed all the relevant stakeholders that Mr. Salman Burney has been appointed CEO in place of Mr. Asif Rizvi. The release can be accessed here.
Engro Polymer & Chemicals announced Financial Results for the year ended June 30, 2017. The company’s Net Revenue for the period increased by 17 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 2666 percent. The board recommended no Cash Dividend or bonus/right shares.
Prices for oil continue to hold on to the nine week highs despite lowering in Monday. The prices have been supported by robust US jobs data last week and a fall in the US Shale Oil rig count. Investors and analysts are worried that the U.S. shale industry might
In a release issued by the company, it has been informed that Mr. Shazeb Siddiki has been appointed as Company Secretary of Engro Polymer & Chemicals Ltd., with effect from 7th August, 2017 in place of Mr. Schaane Ansari. The release can be accessed here.
In a notice issued to all the relevant stakeholders, it has been informed that following Directors were elected at the Searle Board Meeting held on July 31, 2017: Mr. Adnan Asdar Ali Mr. Rashid Abdulla Mr. Hussain Lawai Mr. S. Nadeem Ahmed Mr. Zubair Razzak Palwala Mr. Ayaz Abdulla
In a release issued to all relevant stakeholders, it has been notified that Mr. Imam Buksh Baloch appointed Director (subject to approval of State Bank of Pakistan) at Apna Microfinance Bank with effect from 4th of August, 2017 in place of Mr. Shahryar Ahmed. Furthermore, the company also notified
PSX – Indices Performance for the Week Index Current Position % Change – WoW % Change – YTD KSE-100 46,877 +2.1% -1.9% KSE-All Share Index 33,039 +1.9% +0.6% KSE-30 24,372 +2.2% -5.7% KMI-30 80,819 +3.1% -1.2% Top Performing Sectors for the Week Sector Name Points contributed Oil
Internet services were restored across the country after disruption due to a fault in India Middle East Western Europe (IMEWE) submarine cable which provides internet bandwidth to Pakistan, near Jeddah, Saudi Arabia. According to an official of Pakistan Telecommunication Company Limited (PTCL), internet services have been restored across the country after the
The Businessmen Panel of the FPCCI on Sunday asked the President FPCCI Zubair Tufail to resign immediately as he has lost moral authority to represent business community and get their issues resolved. Now, President of the FPCCI cannot represent Pakistan at international forums due to criminal charges of tax theft framed against him
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