Cutlery exports increase 44.33pc on July 27, 2021The exports of cutlery witnessed an increase of 44.33 percent during the fiscal year 2020-21 as compared to the corresponding period of the previous year. The country exported cutlery worth of $119.267 million during July-June (2020-21) against the exports of $82.637 million during July-June (2019-20), showing growth of 44.33 percent, according to the Pakistan Bureau […]
UBG believes economy about to ‘take off’ on July 26, 2021United Business Group (UBG) patron-in-chief SM Muneer urged the business community to support Prime Minister Imran Khan’s efforts to strengthen the economy. While speaking at the inaugural ceremony of the main office of UBG and dinner hosted by UBG Secretary-General Zafar Bakhtawari, Muneer said the economy is getting stronger and in the coming months it […]
Cotton market remains stable amid low trading volume on July 25, 2021The local cotton market remained stable amid a lower trading volume. Trading activities hopefully will be fully resumed from Monday. The cotton rate remained between Rs12500 to Rs12800 per maund. In Punjab, rates were between Rs13200 to Rs13500 per maund. Phutti in Sindh was in between Rs4700 to Rs5400 per 40 kg while in Punjab […]
Oil may spill from stranded ship on July 24, 2021Millions of liters of oil is present in a cargo ship stranded on the shores of Karachi. According to shipping experts, the ship must have about 500,000 liters of oil to travel to Istanbul. A cargo ship, MV Heng Tong, owned by a Hong Kong-based company, beached near Karachi’s Seaview after losing its anchors due […]
Taxes not applied as they should have been: Dr Ikram ul Haq on July 21, 2021With the federal budget for Fiscal Year 2021-22, the Pakistan Tehreek e Insaf (PTI) government has staked the economy’s, and its own, survival on an incentive-laden, expansionary budget that contradicts very sharply with the International Monetary Fund’s (IMF’s) contractionary structural-adjustment mantra. Every fortnight Daily Times will provide expert commentary on the tax regime incorporated in […]
PSX goes into Eid marginally in green on July 21, 2021Pakistan Stock Exchange closed on a positive note with low volumes on the shortened week of two days due to Eidul Azha holidays. The market will remain closed till Thursday. Investors were reluctant to go long and preferred to close the intraday positions regardless of the pertinent stock prices. As the rupee parity slipped during […]