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Gadoon Textile all set to merge with Fazal Mills
The Gadoon Textile Mills (GADT) approved ‘Scheme of Arrangement’ of merger with Fazal Textile Mills (FZTM) yesterday. The decision comes…
Dar asks Commission to finalise tax proposals for next budget
Finance Minister Ishaq Dar today tasked the Tax Reform Commission to come up with an interim report of tax proposals…
Textile exporters perturbed over energy crisis
Textile exporters have expressed concerns that the GSP+ scheme will remain fruitless unless the energy crisis and other impediments are…
FDI jumps up 19pc in July-Nov
Foreign private investment (FPI) rose by 82 per cent to $630 million in the first five months (July-November) of this…
Karachi’s Jodia Bazaar remains shut
Jodia Bazaar — the major wholesale market of the country dealing in essential commodities, like flour, wheat, rice, sugar and…
Furnace-based power plants to be phased out gradually
Amid anticipated higher electricity shortfalls later this month owing to canal closures, Prime Minister Nawaz Sharif on Tuesday directed that…
Meltdown on KSE; index crashes and loses 814 points on Black day
Stocks came crashing down on Tuesday with the KSE-100 index sinking deeper and deeper all through the day to close…
Karachi wholesale markets on strike today
Karachi traders dealing in groceries have decided to shut down wholesale markets on Tuesday (today) to protest against the harassment…
Slow trading on cotton market
Trading was relatively slow on the cotton market yesterday where buyers looked for quality lint. However, ginners on their part…