Commerce

OGRA proposes Rs4.06 per liter hike petrol price

ISLAMABAD (Sarzameen News)- The Oil and Gas Regulatory Authority (OGRA) has sent a summary to Ministry of Petroleum to increase petroleum product prices from January 1st next year. The Ministry of Petroleum and Ministry of Finance will seek final approval from Prime Minister Shahid Khaqan Abbasi on petroleum products. The proposal sent showed that petrol price

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Banks to start receiving Hajj applications from Jan 15

ISLAMABAD (Sarzameen News)- The designated branches of scheduled banks would start receiving Government Scheme Hajj applications from January 15, Minister for Religious Affairs and Interfaith Harmony Sardar Muhammad Yousaf said Wednesday. Announcing Hajj Policy 2018, he told media that the Hajj applications would be received till January 24 and balloting to choose 120,000 successful pilgrims would

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Petrol price likely to rise by Rs 5.20 from next year

ISLAMABAD (Web Desk) – The federal government is likely to hike the price of petroleum products for 2018 and the move will bring changes to the existing values. According to details, the fuel prices will go up as high as Rs 10. The authorities have decided to add Rs 5.20 in the per litre value

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Pakistan stock dips 17pc, valuations attractive to bounce back

KARACHI (Web Desk) – Pakistan Stock Exchange after six weeks of continuous decline bounced back and registered an increase of around 800 points but selling from foreign investors registered unabated. After six weeks of decline, Pakistan’s benchmark KSE-100 index bounced back gaining 2 percent or 782 points on weekly basis where index closed at 39400

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World Bank team on economic development calls on Chief Secretary Sindh

KARACHI (Sarzameen News)- Chief Secretary Sindh Rizwan Memon has assured that the Sindh Government would leave no stone for betterment of the economic development process, with a view to improve the ranking of ease of doing. While presiding a meeting with the World Bank delegates met to him led by Ms. NICHA SATHORNKICH of bank of

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10-paisa hike in open market: dollar value closes at Rs111.10

KARACHI (Sarzameen News)- The most recent 10-paisa hike in the open market has taken the price of the US dollar to Rs. 110.10. Earlier in the day, dollar’s value had increased by 25 paisas in the international open market standing equal to Rs 111. Many currencies witnessed an increase in value relative to Rupee with Euro

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Hyundai Nishat Motor inks agreement with govt to enter Pakistan’s car market

ISLAMABAD (Sarzameen News)- Hyundai Nishat Motor, a unit of Nishat Mills, enters investment agreement with the Government of Pakistan to assemble and sell passenger and 1-ton commercial vehicles in the country, the company said in stock exchange filing in Karach on Fridayi. The statement to Pakistan Stock Exchange (PSX) said that the ground breaking ceremony of

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PTCL envisions Pakistan’s digital transformation through Power of Public Cloud

ISLAMABAD (Sarzameen News)- Pakistan Telecommunication Corporation Limited (PTCL) held a seminar on “The Power of Public Cloud” at a local hotel in Karachi, which was largely attended by CIOs, CTOs, and senior IT professionals from business and corporate sector. Dr. Daniel Ritz, President & CEO, PTCL was the keynote speaker on the occasion. Speaking on ‘The

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Pakistani rupee weakens further to reach 110.64 a dollar

KARACHI (Web Desk) – Dollar at interbank and open market reached to all-time high level as domestic currency dipped sharply on higher demand from importers while exporters sat back, waiting for suitable time to sell their proceeds. Dollar made hatrick and rose sharply against rupee. Dollar made a low of 109.30 rupee, made a high

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Pakistan Maritime Security Agency marine oil spill exercise Barracuda-VIII

KARACHI (Sarzameen News)- Marine Pollution like major oil spills are catastrophic for marine environment including ports, harbours and EEZ thus requiring collective response by all stake holders. After the catastrophic incident of MV TASMAN. spirit in Karachi in 2003, a need was strongly felt to formulate a comprehensive Anti Pollution Plan. Subsequently, National Marine Disaster Contingency

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