Business News

Fatima Fertilizer released financial results for the year ended 31 December. An avid observer discovered an interesting fact. Despite the fall in sales, the company's gross profit is growing. Sales in 2020 were Rs 71.2 billion and in 2019 Rs 74.9 billion. But somehow their total profit was higher.

Exports of textiles and apparel to Pakistan increased 30.4% in March, mainly driven by the value-added sector. This comes from data released Friday by Statistics Pakistan (PBS). Exports from these sectors increased in March from $ 103 billion to $ 1.355 trillion over the same month last year. The increase in exports in the value-added sector contributed to an increase in total exports in these sectors. Exports of textiles and clothing in February fell by 3.12 units. These exports are carried out in the value-added sector. Exports from July to March this year amounted to $ 1.35 billion, an increase of 9.06 units over the same month last year to $ 104.1 billion. The Economic Coordination Committee of the Cabinet of Ministers recently approved the import of cotton and cotton yarn from India, but such a decision was overturned by the federal cabinet. Duty free import allowed until June 30, 2021. In terms of parts, apparel exports totaled 22.9 units. Cost, followed by a knitted item for 49...

Punjab's Industry and Trade Minister Mian Aslam Iqbal said Friday that in line with Prime Minister Imran Khan's vision, all resources will be used to develop industry and fight unemployment. I work in an industrial estate where I work for the Punjab Industrial Property Development and Management Company (PIEDMC) Also in attendance were PIEDMC Chairman Syed Nabil Hashmi, Board Members Arif Qasim, Tariq Siraj Jafari, Chief Executive Officer Ali Moazam Sayed, CTO Farouk Jori and GM Coordinator Omar Saidna, Business Development Chess. The Competent Authority will develop a comprehensive plan for the construction of workers' houses in the Quaid-e-Azam industrial zone in Shey Kupura and will provide premises for the IT sector in a multifunctional business center. The Minister of Finance expressed his readiness to lay the foundation of the complex business center by May 1 and asked to indicate the date of completion of the construction. He ordered a detailed financial model for Pa...

 In the first nine months of this fiscal year, Pakistani food import legislation increased by 54.45%. The government continues to spend huge amounts of money on food imports and shrinks the country's foreign exchange reserves. The government allowed the import of wheat, sugar and other goods to address the problem of local congestion. Food imports totaled $ 6.12 billion between July and March 2020/21, up 54.45% from $ 3.96 billion in the same period last year. Food imports rose 90.85% in March to $ 76.6 million, according to the latest figures from the Pakistani Bureau of Statistics (PBS). The $ 6.12 billion installment plan resulted in $ 983 million worth of wheat imports in the first nine months of the current fiscal year. This is 100% more than in the same period last year. Between July and March 2020/21, the government imported $ 1.86 billion worth of palm oil, up 34.83% from $ 1.38 billion in the same period last year. The cost of sugar imports is $ 127.5 million. Meanwhile, t...

خوش کن تیل اور گیس کی سطح سے لے کر گرتی ہوئی مقدار تک ، ای اینڈ پی کمپنیوں کے ذریعہ پیداوار پچھلے دو سالوں میں خشک چل رہی ہے - یا شاید زیادہ۔  مالی سال 20 ایک چیلنجنگ سال تھا جہاں کوویڈ 19 پابندیوں نے ایندھن کی کم مانگ کے ساتھ ساتھ اسٹوریج سے باہر ہونے والی ریفائنریز جیسی رکاوٹیں پیش کیں جس سے ای اینڈ پی کمپنیوں کی خام تیل کی مجموعی مقدار میں کمی واقع ہوئی۔  ایک ہی وقت میں ، اہم شعبوں میں قدرتی گراوٹ ان نئی دریافتوں کے ساتھ جاری ہے جو ان کی جگہ لینے کیلئے تعداد میں اور سائز میں کافی نہیں ہیں۔  مجموعی طور پر ، تیل کی پیداوار میں سال بہ سال 14 فیصد کمی واقع ہوئی ہے ، جبکہ گیس کی پیداوار میں مالی سال 20 میں سال بہ سال 8 فیصد کمی واقع ہوئی ہے۔  رواں مالی سال (مالی سال 21) میں بھی پیداوار میں کمی رہی۔  حالیہ تعداد 2QFY21 میں بالترتیب تیل اور گیس کی پیداوار میں 6 اور 4 فیصد کی کمی کی تجویز کرتی ہے۔  تیل کی قیمتوں کے معاملے میں ، E&P کے کھلاڑیوں کے لئے 2020 ایک سخت سال رہا ہے۔  تیل کی قیمت تاریخ کے سب سے کم ترین لمس کو چھو جانے والا سال نہ صرف یادگار رہا ، بلکہ یہ سال غیر یقینی صورتحال او...

Punjab authorities have persecuted former Prime Minister Nawaz Sharif, Maryam Nawaz and other leaders of the Pakistan Muslim Federation Nawaz (PML-N) for treason. The first information report (FIR) was published in the Badar Rashid v. Sharif at Shadar Police Station in Lahore. The case was registered in accordance with the provisions of the Pakistani Penal Code. FIR addressed PML-N leaders in London before the international community with a provocative speech against the Pakistani High Court and the military. Local journalist Rashid said Sharif is declaring Pakistan a fraudulent state and is trying to turn the people against the democratically elected government. FATF (Financial Action Task Force) greylisting. The purpose of Sharif's speech