BOL NEWS BUSINESS DIGEST: November 26, 2021

Abad halts work on all development tasks

KARACHI: The Affiliation of Builders and Builders (Abad) on Thursday introduced to halt development work on all tasks from Friday, November 26, 2021, to protest towards the null and void declaration of all of the tasks, regardless of approval by the federal government companies. –SHAHNAWAZ AKHTER

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The not so curious case of TRG Pakistan

KARACHI: Leverage is a lure and TRG Pakistan is the bait. Scrip has declined round 32 per cent since November 17, when the sexual harassment fees towards the CEO of Afiniti, one in all TRG’s subsidiaries, first appeared. –JAVED MIRZA

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Bears in management at PSX as KSE-100 Index shed 427.95 factors

KARACHI: The Pakistan shares continued unfavourable development for the fourth consecutive session on Thursday, because the traders had been involved over continued overseas promoting over the MSCI reclassification due subsequent week, sellers stated. –JAVED MIRZA

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Rupee recovers six paisas towards greenback

KARACHI: The rupee recovered six paisas towards the greenback on Thursday, amid mounting demand for exterior funds, sellers stated. –SHAHNAWAZ AKHTER

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Pakistan’s foreign exchange reserves fall $776 million to $22.774 billion

KARACHI: Pakistan’s liquid overseas trade reserves have declined $776 million to $22.774 billion by the week ended November 19, 2021, the central financial institution reported on Thursday. –SHAHNAWAZ AKHTER

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Tarin assures govt assist for promotion of mutual fund trade

ISLAMABAD: The Mutual Funds Affiliation of Pakistan (Mufap) is working to advertise and improve financial savings within the nation with a diversified product vary, suiting all classes of traders, an official stated. –HAMZA HABIB

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Engro Basis to implement forest restoration programme

KARACHI: Engro Basis signed a letter of understanding with the Ministry of Local weather Change and World Wildlife Fund (WWF) to develop a forest restoration and carbon offset programme, an announcement stated on Thursday. –LATIFUR REHMAN

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Digital mode of cost to be relevant from December 1

KARACHI: The digital mode for cost by company entities shall be relevant from subsequent week, i.e., December 1, 2021, after an extension of 1 month granted by the Federal Board of Income (FBR), official sources stated on Thursday. –SHAHNAWAZ AKHTER

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PSX revises dealing timings of market

KARACHI: The Pakistan Inventory Change (PSX) introduced non permanent adjustments within the period for closing value willpower and market timings, bourse submitting stated on Thursday. –LATIFUR REHMAN

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New arrivals ease sugar costs in market

ISLAMABAD: Costs of sugar witnessed a decline after arrival of latest inventory, whereas the costs of flour remained secure due to the federal government’s proactive measures. – HAMZA HABIB

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FPCCI suggests interprovincial sugar commerce

KARACHI: The Federation of Pakistan Chambers of Commerce and Business (FPCCI) has steered interprovincial commerce of sugar and sugarcane to keep away from scarcity of the commodity within the nation. –SHAHNAWAZ AKHTER

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Lengthy queues seen as few gas stations stay open amid strike name

KARACHI: Lengthy queues had been seen at just a few gas stations that remained open, regardless of a strike name by the Pakistan Petroleum Sellers Affiliation (PPDA) on Thursday. – SHAHNAWAZ AKHTER

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Kati involved over petroleum sellers’ strike name

KARACHI: The Korangi Affiliation of Commerce and Business (Kati) has expressed concern over the strike name by a petroleum vendor, an announcement stated. –SHAHNAWAZ AKHTER

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PITB indicators agreements with HRMIS, Board of Funding

LAHORE: The Punjab Data Know-how Board (PITB) has signed two separate agreements with the Nationwide Highways and Motorway Police (NHMP) and Board of Funding (BoI) to implement Human Useful resource Administration Data System (HRMIS), an IT-based answer, for the 2 authorities departments, an announcement stated. – IQTIDAR GILANI

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CBD Punjab kinds partnership with Jazz

KARACHI: Jazz, Pakistan’s primary 4G operator and the most important web and broadband service supplier is being introduced onboard by the Lahore Central Enterprise District Growth Authority (LCBDDA) to construct a sensible metropolis ecosystem, an announcement stated. ‑DESK

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PSX revises dealing timings of market

KARACHI: The Pakistan Inventory Change (PSX) introduced non permanent adjustments within the period for closing value willpower and market timings, bourse submitting stated on Thursday. – LATIFUR REHMAN

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Modaraba agency to merge with Pak-Brunei Funding Firm

KARACHI: The board of administrators of Awwal Modaraba Administration Firm has accepted the merger with a subsidiary of Pak-Brunei Funding Firm Restricted (PBICL), a bourse submitting stated on Thursday. – LATIFUR REHMAN

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Veon Group vows to assist Digital Pakistan imaginative and prescient

LAHORE: Kaan Terzioğlu, chief government officer of VEON Group known as on Prime Minister Imran Khan and reiterated the group’s full assist in direction of the federal government’s #DigitalPakistan agenda, an announcement stated. –IQTIDAR GILANI

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