Pakistan Market's

Pakistan Market's Pakistan Market's news ��
Financial News �
Business +Economy +Technology
MONEY & BUSINESS EDUCATION ��

The National Command and Operation Centre (NCOC) issued on Wednesday a new set of Standard Operating Procedures (SOPs) t...
15/04/2021

The National Command and Operation Centre (NCOC) issued on Wednesday a new set of Standard Operating Procedures (SOPs) to curb the spread of coronavirus as Pakistan begins the holy month of Ramazan.

According to the notification, the NCOC has decided to implement broader lockdowns from April 14, with stringent enforcement protocols where no mobility will be allowed except in emergency situations.

The notification said that Saturdays and Sundays will be observed as closed days at the national level, while market timings will be from sehri till 6 pm. Moreover, all indoor and outdoor activities, including social, cultural, political, sports, and other miscellaneous events, have been banned

The Lahore High Court (LHC) granted on Wednesday bail to Pakistan Muslim League - Nawaz (PML-N) Leader Shehbaz Sharif in...
15/04/2021

The Lahore High Court (LHC) granted on Wednesday bail to Pakistan Muslim League - Nawaz (PML-N) Leader Shehbaz Sharif in the money laundering case.

The LHC heard the Leader of Opposition in the National Assembly's plea in the case and ordered his release. He has been directed to submit two surety bonds of Rs5 million each, Samaa reported.

In his petition, Sharif had said that the National Accountability Bureau (NAB) proceedings against him had been prompted by mala fide intention

Prime Minister Imran Khan has performed the groundbreaking of a low-cost housing project under the Naya Pakistan Housing...
15/04/2021

Prime Minister Imran Khan has performed the groundbreaking of a low-cost housing project under the Naya Pakistan Housing program in Sargodha on Wednesday.

Under this scheme, a total of 1,175 houses of three marlas will be constructed at six locations in the Sargodha district. The Punjab government will provide land as well as other facilities for this project.

The construction work will be carried out by Frontier Works Organization. The mortgage facility will be provided by Punjab Bank which will enable the deserving people to pay the total amount of a house through easy installments.

Microsoft announced Monday that it will buy speech recognition company Nuance Communications for $56 per share, about 23...
13/04/2021

Microsoft announced Monday that it will buy speech recognition company Nuance Communications for $56 per share, about 23% above its closing price Friday. The deal is worth about $16 billion and about $19 billion including debt.⁠
⁠
The Nuance acquisition represents Microsoft’s largest acquisition since it bought LinkedIn for more than $26 billion in 2016. ⁠
⁠
Nuance would be aligned with the part of Microsoft’s business that serves businesses and governments. Nuance derives revenue by selling tools for recognizing and transcribing speech in doctor office visits, customer-service calls and voicemails. In its announcement, Microsoft said Nuance’s technology will be used to augment Microsoft’s cloud products for health care, which were launched last

Pakistan Set to Export Beef to China For the First Time in HistoryFor the first time ever,   is set to begin     to   in...
09/04/2021

Pakistan Set to Export Beef to China For the First Time in History

For the first time ever,   is set to begin     to   in the near future.

Organic Meat is a local public listed company that has been awarded approvals and registration by theChinese customs authorities for the export of heat-treated beef to the People’s Republic of China.

According to a stock filing to Pakistan Stock Exchange ( ), the company has acquired a system for a heat treatment process that eliminates the virus that causes the foot and mouth disease from meat.

The export of   and meat products by Pakistani companies is gradually increasing due to their adoption of new technologies and the standards of Hilal foods. Consequently, Pakistan’s meat companies have been enhancing their exports in recent years to different regions, including the traditional markets of the  , and concentrating exports to the  ,  ,  , and   in particular, as well as to   and  . Last year, two Pakistani companies had received approval from the concerned   authorities to export meat and meat products to  .

According to the Pakistan Bureau of Statistics (PBS), the exports of meat and meat products have maintained a double-digit growth of 12 percent year-on-year. It surged to $216 million during the period of July to February during the financial year 2020-21, as compared to $210 million recorded in a similar period of the previous financial year.

The consistent growth of exports to both the traditional and new emerging markets will also attract new investments in the local companies and in the area of  .

The   claims that the system and process will enable it to enter into more exporting countries in the future. Last year in December, it had won an export deal of supplying meat to the   market of Saudi Arabia.

The   was listed with the   last year for the raising of funds, which resulted in the expansion of its   and 

Pakistan reported 103 deaths from coronavirus within just 24 hours, the current year’s highest death toll in a single da...
08/04/2021

Pakistan reported 103 deaths from coronavirus within just 24 hours, the current year’s highest death toll in a single day.

The last time Pakistan reported over 100 deaths was in December. Currently, the country's death toll stands at 14,924. During the past 24 hours, 46,665 people were tested for the virus, taking the total number of people tested to 10,493,362.

Out of the new people tested, 3,953 tested positive for COVID-19. So far, 696,184 people have tested positive for the virus. There are now 63,102 active cases and 3,645 critical coronavirus cases.

The country's positivity stands at 8.47%. Meanwhile, 2,198 people also recovered from the novel virus, taking the tally to 618,158

businessrecorder BR Info-Byte: With a net interest income of nearly 130 billion rupees, Habib Bank Limited emerged as th...
05/03/2021

businessrecorder BR Info-Byte: With a net interest income of nearly 130 billion rupees, Habib Bank Limited emerged as the highest revenue earner in 2020 - closely followed by NBP and UBL respectively

Pakistan Prime Minister Imran Khan will seek a confidence vote in the National Assembly, or parliament’s lower house, af...
05/03/2021

Pakistan Prime Minister Imran Khan will seek a confidence vote in the National Assembly, or parliament’s lower house, after his finance minister lost an election for a seat in the upper house, the biggest test yet for his three-year-old government. The key stock index fell on the news.

Khan faced a surprise loss in the country’s Senate after Finance Minister Abdul Hafeez Shaikh lost a tightly fought battle for a seat in the indirectly elected house against the opposition-backed former Prime Minister Yousuf Raza Gilani.

Shaikh had to win a Parliament seat to continue as the finance minister after June 11. He is a key member in-charge of the government’s economic policies and reforms plan under the International Monetary Fund’s $6 billion loan program. Khan could help the minister win another seat or re-appoint him as an economic adviser, where he would have fewer powers.

Khan should be able to secure majority votes from lawmakers in the 342-member lower house when the voting is held, according to Mohammed Sohail, Chief Executive Officer at Karachi-based Topline Securities Ltd., and political analyst Mazhar Abbas. Qureshi said the premier will seek a vote “soon,” without giving a date.

Gilani, who was supported by an alliance of 11 opposition parties, won by securing 169 votes against 164 won by Shaikh, according to a televised announcement by a Parliament official. Seven votes were rejected. Khan had the backing of 180 lawmakers in the National Assembly when he came to power. The opposition alliance asked Khan to resign after the loss

Work is due to start on the world's first 'space hotel' in low Earth orbit in 2025 - and it will come equipped with rest...
05/03/2021

Work is due to start on the world's first 'space hotel' in low Earth orbit in 2025 - and it will come equipped with restaurants, a cinema, spa and rooms for 400 people.

Developed by the Orbital Assembly Corporation (OAC), the Voyager Station could be operational as early as 2027, with the infrastructure built in orbit around the Earth.

The space station will be a large circle and rotate to generate artificial gravity that will be set at a similar level to the gravity found on the surface of the Moon.

Voyager Station's hotel will include many of the features you might expect from a cruise ship, including themed restaurants, a health spa and a cinema.

It will feature a series of pods attached to the outside of the rotating ring and some of these pods could be sold to the likes of NASA and ESA for space research.

No details of cost to build the space station, or the cost of spending a night in the hotel have been revealed, although OAC say build costs are getting cheaper thanks to reusable launch vehicles like the SpaceX Falcon 9 and the future Starship.

They will also include a gym, kitchen, restaurant, bar and other essential facilities for people due to be on the station longer term.

The other modules will be leased or sold to private companies and governments.

For example, people could buy one of the 20x12 metre modules for a private villa or multiple modules to create a hotel with spa, cinema and more.

Government agencies could use the station to house their own science module or as a training centre for astronauts preparing to go to Mars

businessrecorder In a bid to find missing K2 climbers, including Muhammad Ali Sadpara, the army is deploying C-130 aircr...
11/02/2021

businessrecorder In a bid to find missing K2 climbers, including Muhammad Ali Sadpara, the army is deploying C-130 aircraft for the mission, local media reported on Wednesday.

As per details, an aerial search operation for three missing climbers — Pakistan's legendary Muhammad Ali Sadpara, Iceland's John Snorri and Chile's Juan Pablo Mohr — at K2 was temporarily suspended due to harsh weather conditions. However, the mission to locate the mountaineers will resume today (Wednesday) with the help of C-130 aircraft.

The search team will continue the operation — entering the fifth day — using the C-130 to find the missing climbers at the highest levels of K2

Researchers from Harvard University collaborating with the universities of Birmingham, Leicester, and the University Col...
11/02/2021

Researchers from Harvard University collaborating with the universities of Birmingham, Leicester, and the University College London have reported that fossil fuel pollution has shortened the average lifespan in Pakistan by 3.8 years.

Air pollution has cut lives by more than two years on average worldwide, and by eight months on average in Europe.

The worst-hit continent is Asia where the average lifespan in China 🇨🇳 has been reduced by 4.1 years, by 3.9 years in India 🇮🇳 , and by 3.8 years in Pakistan.

573 Km  ,  , and   have signed a roadmap for a 4.8 billion-dollar rail project that is expected to boost trade relations...
11/02/2021

573 Km  ,  , and   have signed a roadmap for a 4.8 billion-dollar rail project that is expected to boost trade relations between Central and South Asia

Address

Lahore
54000

Telephone

+923404209220

Website

Alerts

Be the first to know and let us send you an email when Pakistan Market's posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Pakistan Market's:

Shortcuts

Share

Category