Commerce

SBP takes notice of skimming incidences

KARACHI (Sarzameen News)- During the preceding week, State Bank of Pakistan noted with concern that customers’ information on debit cards of Habib Bank Limited was compromised by hackers through skimming to create its clones and were used to withdraw depositor’s money from various locations within and outside the country. Since then SBP has been in contact

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Telenor & PLDDB launch ‘KhushaalAangan’, a dedicated IVR service for female farmers

ISLAMABAD (Sarzameen News)- Aimed at empowering Pakistan’s female farmers and extending them the benefits of its flagship mobile agriculture service ‘KhushaalZamindar’, Telenor Pakistan in partnership with Punjab Livestock and Dairy Development Board (PLDDB)have launched a dedicated free of cost IVR service for female farmers in Punjab called ‘KhushaalAangan’. Female farmers will simply need to dial 727251

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Rupee strengthens in face of Dollar in open market

KARACHI (Sarzameen News)- The Rupee has become powerful in the face of dollar in the open market in the first business week due to issuance of bonds in the market with foreign investors showing faith in Pakistan’s economy. The dollar in reference to Rupee has decreased by 40 Paisas, with one dollar falling at Rs 107.40.

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PSX shows subdued performance, selling of Euro and Sukkuk Bonds might lift sentiment

KARACHI (Sarzameen News)- The stock market moved in a narrow band over the preceding week where the dharna at federal capital overshadowed any advance movement and index showed a marginal decline. The benchmark KSE-100 index registered only a marginal drop of 0.6 percent to close at 40,010, thanks to a timely resolution between the government and

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Ogra proposes Rs1.48 per liter increase in petrol price

ISLAMABAD (Sarzameen News)- In a summary forwarded to the Ministry of Finance on Wednesday, the Oil and Gas Regulatory Authority (OGRA) has proposed Rs 1.20 liter to Rs 15.35 per liter increase in prices of petroleum products from December 1, 2017. According to an analyst, price surge has been recommended after sharp increase in crude oil

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Gwadar to emerge on world map as major trade hub: PM

GAWADAR (Sarzameen News)- Prime Minister Shahid Khaqan Abbasi performed the ground breaking of the Rs17 billion East Bay Expressway and directed that the series of development projects for Gwadar be completed on time to ensure that the port emerges on the world map as a major trade hub. Addressing a ceremony here, the Prime Minister said

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Two drug peddlers held; 5.100 kg hashish recovered

ISLAMABAD (Sarzameen News)- Islamabad Sabzi Mandi police has arrested two drug pushers and recovered a total of 5.100 kilogram hashish from them, a police spokesman said. Senior Superintendent of Police (Operations) Sajid Kiani has directed to accelerate efforts to curb the menace of drug supply. Following these directions SP (Industrial Area) Liaqat Hayat Niazi constituted special

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Engro, Royal Vopak celebrate two decades of shared development for Pakistan

ISLAMABAD (Sarzameen News)- Engro Vopak Terminal Limited – a joint venture of Engro & Royal Vopak of Netherlands – celebrated twenty years of operations in Pakistan. At the occasion the Engro Vopak terminal was graced by a visit of senior delegates from Royal Vopak comprising Eelco Hoekstra – Chairman of the Executive Board and CEO of Royal

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Shell Pakistan holds technology seminar for consumers in Faisalabad

KARACHI (Sarzameen News)- Shell Pakistan in collaboration with Bari lubricants (Shell’s authorized distributors) organized a technology seminar for its consumers in Faisalabad. The objective of the event was to highlight technological advancements incorporated in Shell products, along with their associated benefits to its consumers. The seminar was attended by technical and commercial personnel from leading Industries based out of Faisalabad and its outskirts. The

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Steps taken to establish Oil Refineries & Oil Transmission pipeline: PM

ISLAMABAD (Sarzameen News)- Prime Minister Shahid Khaqan Abbasi has said the Government has delivered by mitigating energy crisis in the country. He was inaugurating Pakistan Oil and Gas Conference in Islamabad Thursday. The Prime Minister pointed out that the country’s energy sector faced serious challenges and some of them still haunt it because no concrete efforts were made to

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