Business Trends

Naran Kaghan will host tourists from Tuesday

Naran Kaghan will host tourists from Tuesday

People may visit Naran Kaghan and other Khyber Pakhtunkhwa’s (KPK) tourism spots as government has decided to resume the tourist activities from Tuesday. Federal Minister for Narcotics Control, Azam Khan Swati conveyed this decision to media persons on Saturday. He said KPK is highly dependent on tourism economically and the decision has been taken by…

Engro will donate 100 million in shape of PPE

Engro will donate 100 million in shape of PPE

Engro will donate 459000 units of personal protective equipment (PPE) for frontline health workers. PPEs will cost 100 million to the Engro foundation which is a social investment arm of the Engro Corporation. The foundation has already delivered 104000 units of PPEs to 12 hospitals and medical centres in various cities across Pakistan. It includes…

Businesses will run five days a week during pandemic

Businesses will run five days a week during pandemic

Businesses will run five days a week as per standard operating procedures (SOPs) followed by a lock down on the weekends, this decision came after a National Coordination Committee meeting chaired by the Prime Minister of Pakistan, Imran Khan. The meeting further decided that 10 more passenger trains shall be operated in addition to earlier…

Government plans to present budget in June

Government plans to present budget in June

On June 12, 2020 the Government of Pakistan will present the budget for year 2020-21. It is expected that the economic survey of departing fiscal year 2019-20 will be released a day before the budget. With limited time in hand, the process of budget making will be expedited now as Eid holidays are over and…

Government reduces petrol prices

Government reduces petrol prices

Ministry of Finance has issued a statement regarding fuel prices with reduction in the petrol and kerosene oil prices and increase in diesel price from June 01, 2020. Petrol Price with reduction of Rs. 7.06 will be Rs. 74.52 per liter while diesel with little addition will be of Rs. 80.15 per liter. The price…

Motor Industry awaits clear directives for full production

Motor Industry awaits clear directives for full production

The Indus Motor Company (IMC) and Atlas Honda Limited (AHL) resumed their plant operations to some extent while Pak Suzuki Motors Company Limited (PSMCL) has still not started its assembly plant operations. IMC has just started its trial production which will be converted into full capacity after June 7 whereas AHL opened up its plants…

Punjab allows shopping in malls

Punjab allows shopping in malls

The Government of Punjab has decided to reopen the shopping malls from May 18, 2020. The decision was announced by Punjab Minister for Industries and Trade, Mian Aslam Iqbal. As per announcement, the malls will reopen for four days in a week and shops should have proper sanitization facilities. They are also bound to have…

Abu Dhabi opens shopping malls

Abu Dhabi opens shopping malls

Abu Dhabi opened its shopping malls after defining strict rules with imposition of heavy fines on the violators. Penalty on first offence is AED 3000, on second AED 6000, third AED 8000 and for fourth time it will jump to hefty amount of AED 10000. After further violation shopping mall will be closed. People over…

Brands offer discounts on new arrivals

Brands offer discounts on new arrivals

Despite damaging outbreak of COVID19, the top-notch textile brands in Pakistan has started online sale of Summer Collection 2020. All brands have once again beautified their web portals by exhibiting the fresh summer attires. Like other businesses Fashion Brands have also suffered an unexpected set back. Keeping in view the current lock down situation which…

Tesla records surprise profit amid COVID-19

Tesla records surprise profit amid COVID-19

Shares of Tesla, electric vehicle maker, boosted to 9% in pre-market trading and it has made a surprise quarterly profit amid COVID-19 impact. The tesla’s adjusted earnings of $1.24 per share set aside all expectations of loss. And the company has generated revenue of $5.9 billion. “Although impacted by inefficiencies related to the temporary suspension…