Daily Archives: May 7, 2020

KP Govt eases restrictions of lockdown on restaurants

The Khyber Pakhtunkhwa government has eased down timing restrictions of lockdown on restaurants and eateries across the province. According to a notification of Relief Rehabilitation and Settlement department, the take-away and home delivery of food items will continue beyond the

PM lauds services of HBL in delivering Ehsaas Emergency Cash Programme to deserving people

Minister for Maritime Affairs Syed Ali Haider Zaidi along with Chairman Habib Bank Sultan Ali Allana called on Prime Minister Imran Khan in Islamabad. Sultan Ali Allana has appreciated government for presenting the largest economic package in country’s history to

FBR Orders Retailers/Restaurants to Show Sales Tax and Prices Separately

The Federal Board of Revenue has made it compulsory for all registered retailers to show the price and tax of items separately. In order to avoid sales tax evasion, all restaurants, bakeries, caterers, and sweetmeat shops supplying prepared food, foodstuff

Oil Sales Fall 35% in April 2020

Oil Marketing Companies’ (OMCs) sales for the month of April 2020 plunged by 35% to 1.07 million tons on a year-on-year basis as compared to 1.65 million tons in the same month in 2019. However, on a month on month

Shahzad Dada To Replace Sima Kamil As CEO UBL

Shahzad Dada has been appointed as the CEO and President of United Bank Limited (UBL). He will take his charge from the next month for a period of three years subject to the clearance of State Bank of Pakistan (SBP),

Cement Sales Drop 23.65% in April Due to COVID-19

Cement sales in the country have declined by 23.65% to 3.52 million tons in April 2020 as compared with 4.61 million tons in the same month last year, primarily because both the export and domestic markets crashed owing to the

SECP Proposes Amendments for the Insurance Sector

The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Credit and Suretyship (Conduct of Business) Rules, 2018 for the insurance sector, said a statement released by the SECP. The draft amendments have been placed on the

Bahria Town Lab Sealed for Hiding COVID-19 Cases

Punjab health authorities have sealed a PCR diagnostic laboratory in Bahria Town Phase 8 in Rawalpindi for reportedly concealing a number of positive coronavirus cases. As per media reports, the lab was established illegally without approval of the Punjab Healthcare