Connect with us

Business

LCCI, Defence Export Promotion Organisation to organise exhibition

Lahore: The Lahore Chamber of Commerce & Industry has invited Defence Export Promotion Organization (DEPO) to organize an exhibition in Lahore on the patron of IDEAS which would help highlight the potential of Pakistan’s defence production industry.

The idea was given at a meeting between Director General Defence Export Promotion Organization (DEPO) Major General Agha Masood Akram, LCCI Senior Vice President Almas Hyder and Vice President Nasir Saeed here at the Lahore Chamber of Commerce & Industry on Monday.

LCCI Executive Committee Members were also present on the occasion.

Major General Agha Masood Akram said that defence production industry of Pakistan has made momentous technological and innovative advancement and a special focus is being given on the export of defence products.

“Pakistan has not only the ability to fulfill its domestic defence requirements but also cater needs of the world,” he said. “International community is surprised over the achievements made by Pakistan in the defence field,” he added.

He informed the participants that as a national platform, DEPO is providing active support to our defence manufacturing/service sector and the export chain through facilitation, coordination and promotion for sustainable growth of defence exports.

Continue Reading
Advertisement

Business

PSX: Marred by political ambiguity the bourse experiences low-key activity today!  

SANA MAHMOOD

KARACHI: The prevailing vagueness in the economic as well as political scenario of the country forced PSX fall flat closing at 42,750 points on the week’s last trading day.

Rs. 5.45b worth of 132m shares changed hands, with value of the shares of 167 companies augmenting, 170 plummeting and 26 remaining stagnant.

Technology, Power and Textile sectors dominated the bourse with trading of 24.4m, 12.5m and 11.7m shares today.

Top five leading handlers of shares on the last trading day of the week were: WorldCall Telecom, 17.6m shares (+2.62pc); Engro Polymer, 8.9m shares (+3.03pc); K-Electric Ltd., 6.8m shares (+0.48pc); Dewan Motors, 6.4m shares (+4.82pc); Bank of Punjab, 6.3m shares (-1.87pc).

Continue Reading

Business

PSX: Raid at Dar’s house & Model Town Report let bears bleed the bourse red!

SANA MAHMOOD

KARACHI: News that last night NAB personnel raided the house of Federal Finance Minister Ishaq Dar armed with an arrest warrant forced bulls leave the bourse after many sessions.

Court’s orders to make the judicial report of Model Town carnage public too allowed the bears growl forcing KSE-100 Index close at 42,800 today post shedding 572 points.

Today Rs. 8.7b worth of 165.7m stocks changed hands. The value of the shares of 253 companies plummeted, 94 augmented while 33 remained unchanged.  

Technology, Power Generation and Gas Sectors led the trade today with 18.9m, 15.1m and 15m shares.

Today’s top five traders of the shares were K-Electric Ltd., 12.5m shares (+1.30pc); Sui Southern Gas 11.2m shares (-0.18pc); Engro Polymer, 9.9m shares (+1.66pc); WorldCall Telecom, 8.6m shares (+1.78pc); TRG Pak Ltd., 8.3m shares (-4.44pc).

Continue Reading

Business

European consortium Airbus inaugurates first completion/delivery center in China

MMA

TIANJIN: European consortium Airbus has inaugurated a $240m completion center here that will be receiving large bodied aircraft A330s from France.

 

 

Continue Reading

Trending