By NewzTodays Editorial Team | September 2, 2021

PVC prices increased by USD80 per ton to USD1,400 per ton as US companies declared Force majeure. Westlake & Axiall declared FM on the supplies of PVC & VCM Westlake and Axiall have declared Force majeure on the supplies of PVC and VCM in the aftermath of Hurricane Ida’s assault. The impact has been observed…

By NewzTodays Editorial Team | September 2, 2021

After a year-long pilot and examination by the State Bank, NayaPay has received commercial approval to operate as Pakistan’s first electronic money institution. NayaPay is a digital wallet that accepts Visa debit cards and is backed by the Lakson Group, a Pakistani conglomerate with market leadership in fast-moving consumer products, media, asset management, paper and…

By NewzTodays Editorial Team | August 31, 2021

News Desk The government has slashed the price of petrol today by Rs 1.50 per liter effective from September 1, 2021. The government has slashed the price of high-speed diesel, and kerosene oil by Rs 1.5 per liter each. However, the government has reduced the price of light diesel oil by Rs 1 per liter….

By NewzTodays Editorial Team | August 31, 2021

United Arab Emirates (UAE) has formally awarded the offshore block to Pakistani companies for crude oil and gas exploration. In a notice sent to Pakistan Stock Exchange Limited Stock Exchange, Pakistan Petroleum Limited (PPL) said Abu Dhabi had awarded offshore block 5 to PPL-led consortium companies. Now, Pakistani companies will be able to make efforts…

By NewzTodays Editorial Team | August 31, 2021

Likee is one of Pakistan’s leading short video-sharing platforms. It has recently declared the winners of its Likee Team contest. Out of ten members, its six-team members appeared on GNN’s popular show; ‘Taron Sey Karen Batain’ with Fiza Ali. They included Iram Saleem, Laila, Saif ur Rehman, Syed Umair, Basit Bashu, Laila, Syed Umair Hassan, Iram…

By NewzTodays Editorial Team | August 27, 2021

M/s Samsung Mobile is going to start local manufacturing shortly, said the industries minister. Mobile Device Manufacturing Policy Industries minister Khusro Bakhtiar said in a press conference that mobile device manufacturing policy had resulted in a local production of mobile phones. From January to July 2021, domestic production was 12.27 million which included 5,500 exports….

By NewzTodays Editorial Team | August 27, 2021

Islamabad: Philip Morris (Pakistan) Limited (Company) posted a Profit after Tax of PKR 1,720 million for the six months ended June 30, 2021. Philip Morris products are cigarettes in Pakistan. It had recorded a Profit after Tax of PKR 1,253 million for the same period last year. During the stated period, Philip Morris’s domestic net…

By NewzTodays Editorial Team | August 27, 2021

Due to a significant reduction in development and prospecting cost, Mari Petroleum company’s earnings after tax increased 3.73 percent to Rs31.4 billion in the fiscal year ending June 30, 2021. Mari Petroleum is also country’s largest oil and gas exploration company. The Mari company made a profit after tax of Rs30.3 billion in the fiscal…

By NewzTodays Editorial Team | August 26, 2021

Bears retained their ground on Thursday, dragging the KSE-100 index down 273 points. A dearth of bullish triggers prevented the market from making gains, resulting in a range-bound day. Despite the rupee’s partial recovery, political and economic factors were likely to keep pressure on the currency. A few corporations’ announcements of strong financial performance failed to…

By NewzTodays Editorial Team | August 26, 2021

News Desk Islamabad: Cabinet committee on energy (CCoE) on Thursday approved the Indicative Generation Capacity Expansion Plan – known as IGCEP 2021-30 which puts a major focus on clean energy (hydel, Solar, Wind, Nuclear) by the year 2030. It also puts emphasis on generating new electricity projects with the least cost basis. IGCEP envisions the…