Business Trends

Unilever Pakistan will rename its flagship brand Fair & Lovely

Unilever Pakistan will rename its flagship brand Fair & Lovely

Unilever Pakistan has announced to rename its flagship brand Fair & Lovely. The company will stop using the word ‘Fair’ in the brand name. Amir Paracha, Chairman & CEO, Unilever Pakistan Limited, said, “Unilever is an organization that is evolving continuously, and today we have taken the next bold step in our evolution by committing…

Government implements massive hike  in petroleum products prices

Government implements massive hike in petroleum products prices

The Government of Pakistan has massively increased the prices of petroleum products with immediate effect. The petrol price has been raised by Rs. 25.58 per litre while high speed diesel price increased by Rs. 21.31 per litre. Similarly kerosene oil and light diesel prices have been increased by Rs. 23.50 and Rs. 17.84, respectively. The…

Pininfarina will launch $2.9 million limited edition Battista Hyper Electric Car to mark its 90th birthday

Pininfarina will launch $2.9 million limited edition Battista Hyper Electric Car to mark its 90th birthday

A $2.9 million limited edition version of Battista Electric Hyper Car, Battista Anniversario expected to be the most powerful road-legal Italian car ever made, will be launched by Pininfarina to mark its 90th birthday. With its production planned to start in the end of 2020, the company will build 150 examples of the Battista hyper…

Nadir Rehman joins PSX as Chief Operating Officer

Nadir Rehman joins PSX as Chief Operating Officer

Nadir Rehman has been appointed on a vacant post of Chief Operating Officer at Pakistan Stock Exchange (PSX). In its media release PSX stated that “Nadir has extensive, hands on experience of capital markets in Pakistan and internationally, stretching over 29 years.” The press statement further informed that “his core areas of expertise are business…

Emirates suspends passenger services to Pakistan for time being

Emirates suspends passenger services to Pakistan for time being

Emirates has suspended its passenger flights from Pakistan for the time being after few passengers tested positive for COVID-19. The UAE based airline in statement to Gulf News said, “We remain committed to serving our customers in Pakistan and are working hard to resume services as soon as possible. In the meantime, Emirates will continue…

CCoE allows PSO to import furnace oil for K-Electric

CCoE allows PSO to import furnace oil for K-Electric

Pakistan State Oil (PSO) will import furnace oil to meet the demand of K-Electric. In this regard, a special permission has been given to PSO by Cabinet Committee on Energy (CCoE). The CCoE meeting was chaired by Minister for Planning, Development and Special Initiatives, Asad Umar on Saturday. It was decided that 140,000 tonnes of…

Pakistan opens airspace for international flights partially

Pakistan opens airspace for international flights partially

Prime Minister of Pakistan, Imran Khan has announced the opening of airspace for international flights partially from June 21, 2020, particularly to facilitate the countrymen who are working abroad. Imran Khan tweeted, “Tomorrow we will partially open airspace for intl flights. This is being done specially to help our Overseas workers who have suffered most…

Authorities take steps to ensure mango export

Authorities take steps to ensure mango export

Pakistan International Airlines has accorded a reasonable relief to the mango exporters by reducing freight charges up to 30 percent in different weight slots. Meanwhile, the federal government has resumed its trade with Iran by opening Taftan border which will allow number of trucks loaded with mangoes to move forward. It is pertinent to mention…

Government presents 7.13 trillion rupees Budget FY 2020-21

Government presents 7.13 trillion rupees Budget FY 2020-21

The country’s budget for fiscal year 2020-21 has been presented by the Minister of Industries, Hammad Azhar on June 12. The highlights of the budget include FBR revenue target Rs. 4.95 trillion, defence allocations Rs. 1.3 trillion and federal development programme Rs. 650 billion. The minister informed the parliamentary session, total size of the budget…

Emirates resumes flight operation from Pakistan

Emirates resumes flight operation from Pakistan

Emirates resumed its flight operation from Pakistan after more than two months break because of international travel ban due to COVID-19. The flight operation started to facilitate the stranded residents while restriction on regular passenger flights is still there. Emirates became the first airline to operate after Pakistan allowed outbound international flights from its airports.