Syed Naveed Qamar, Federal Minister for Commerce, said that the opening of the Pakistan-Iran ‘Pishin Border Market’ is expected in the coming month, which will increase the trend of free trade between the two countries.Pak-Iran’s Pishin Border Market will help to boost bilateral trade between the two countries. The Pishin border market had been completed…
In August 2022, Pakistan’s textile exports reached US$1.6 billion, an increase of 6% month over month (MoM), thanks to backlogs in orders and the restart of energy supplies. The textile exports were up mainly due to a backlog of orders, resumption of energy supplies, and a higher number of working days compared to Jul-2022. Pakistan…
Pakistan has expressed willingness to grant access to Gwadar Port to Tajikistan for transportation of goods. Prime Minister Shahbaz Sharif held a meeting with the President of Tajikistan on the sidelines of the SCO Summit. Premier said that Pakistan was ready to grant access to Gwadar Port to Tajikistan for transportation of goods. The Prime…
Report Pakistani banks have failed to secure Credit card transactions worth 17.8 million dollars meant for telethon flood collection by former Pakistani Prime Minister Imran Khan. Pakistani former Prime Minister Imran Khan had appealed overseas to raise funds during a telethon conference for flood victims. Khan had nominated Dr Sania Nishtar as coordinator to collect…
Sherman Security has maintained a ‘hold stance’ on the acquisition of Lotte Chemical Pakistan Limited (LOTCHEM) with a target price of Rs26. The research report has revealed LOTCHEM’s acquisition and potential future benefits. LOTCHEM is the only scrip that has generated an abnormal return of 144% so far in CY22TD. We highlighted LOTCHEM at the…
Oil marketing companies (OMCs) have faced a massive decline in the sale of petroleum products during the month of August 2022. The sale of petroleum products dropped by 31 per cent during the month of August 2022 following speculation of an increase in prices. It dropped by 37 per cent compared to the sale in…
The United Arab Emirates (UAE) has tightened the visit visa policy for all countries, including Pakistan.UAE visit visa policy has been tightened now to stop crimes. Now, visitors will have to show 5000 dirhams cash on arrival to UAE in addition to presenting return tickets. If visitors are going to stay at hotels, they will…
The MD SNGPL, Ali J. Hamdani, has said that the company’s profitability has increased from Rs. 5.99 billion in FY 2019–20 to Rs. 10.99 billion in FY 2020–21, demonstrating 83% growth. The corporate Briefing session of Sui Northern Gas Pipelines Limited (SNGPL) was held on Friday, 26th August 2022 at Pakistan Stock Exchange, Karachi. Managing Director…
The Advance Purchase of Petrol has led to a rise in fuel and petroleum products in Pakistan, despite a dip in global prices. The petroleum division on Tuesday revealed Pakistan’s expensive gasoline prices despite a global decline. The Committee took serious note of the absence of the Minister and Secretary of the Ministry of Petroleum….
Dr. M. Ilyas Fazil The challenges faced by the Downstream Oil Sector of Pakistan fall into two basic categories: those that are the result of recent global developments and those that arise due to systemic fault lines. In the former category are the international oil prices which have risen to phenomenal heights due to pandemics,…