News Archives for Business & Finance - 2021-01-09

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Business & Finance - 2021-01-09

Companies

Moderna vaccine set to arrive in France as country steps up anti-COVID drive

Castex and Health Minister Olivier Veran visited a health centre in Tarbes, southwestern France, on Saturday as part of the government's campaign to accelerate France's vaccine rollout.
US-based Moderna said on Monday it would produce at least 600 million doses of its COVID-19 vaccine in 2021, up by 100 million doses from its previous forecast.

Published 09 Jan, 2021 07:31pm

Companies

Nio launches first electric sedan model as Tesla delivers China-built SUV

The launch of the ET7, at an event in China's western city of Chengdu, comes as rival Tesla started selling its China-made Model Y sport-utility vehicle.
Chief executive William Li said Nio's new battery technology will give the ET7 a drive range of over 1,000 kilometres (621 miles) between charges.

Published 09 Jan, 2021 07:26pm

Commodities

Egypt's Delta Sugar targets 330,000 tonnes of output this season

Delta has raised its production slightly in recent years as Egypt tries to expand output of sugar beet.

Published 09 Jan, 2021 07:24pm

For the First Time, Pakistan’s exports to UK crosses $1bn mark

For Jul-Dec 2020, the exports to UK grew by 21 percent to USD 1,029 million as compared to USD 852 million in Jul-Dec 2019.

Published 09 Jan, 2021 04:47pm

Companies

Ghandhara Isuzu Plans on Launching MU-X SUV in Pakistan

The Ghandhara Isuzu is planning to launch MU-X SUV in Pakistan to compete with Toyota Fortuner.

Updated 09 Jan, 2021 03:58pm

Industry

Shell & K-Electric Partner to Develop Three EV Charging Stations in Karachi

Shell has signed a MoU with K-Electric to jointly develop the first three Electric Vehicle (EV) charging stations in Defense, Gulshan and Gadap.

Published 09 Jan, 2021 03:09pm

SECP reforms lead to improvement in WB Ease of Doing Business Index

This improvement is primarily due to integration of SECP eServices with the Federal Board of Revenue (FBR) and the Employees Old Age Benefits Institution (EOBI) at the Federal level and with Business Registration portals of Punjab and Sindh at the Provincial level, stated SECP report.

Published 09 Jan, 2021 02:32pm

SBP to launch world class ‘Raast’ payment system next week: Kamil

“From Monday onwards, the central bank will initiate a new payment system called ‘Rast’, as we believe this a right way forward for the country,” said Kamil.
Kamil informed that the upcoming payment system has been implemented in advanced countries i.e. UK and Australia.

Updated 11 Jan, 2021 03:29pm

IMF board, citing increased credit exposure risks, raises reserve target

The review, delayed by a few months to permit an assessment of the impact of the COVID-19 pandemic, showed a significant increase in the fund’s credit exposure and related risk since the last review in 2018, compounded by the pandemic.

Published 09 Jan, 2021 12:42pm

Hyundai says in early talks with Apple after electric vehicle tie-up report

The report comes weeks after Reuters reported that Apple was moving forward with self-driving car technology and was aiming to produce a passenger vehicle that could include its own breakthrough battery technology as early as 2024.

Published 09 Jan, 2021 11:35am

World Bank chief, a Trump appointee, 'deeply appalled' by storming of Capitol

In a letter sent Thursday and seen by Reuters, Malpass expressed deep concern about Wednesday’s assault on the U.S. Congress and assured staff the bank was working to ensure their security.

Published 09 Jan, 2021 11:33am

All COVID-19 vaccines to be available ‘free of cost’, says Fawad Chaudhry

"All Government-sponsored vaccination will be free of cost," Science and Technology Minister Fawad Chaudhry said in a series of tweets.

Published 09 Jan, 2021 10:52am

FBR constitutes committee to simplify Income Tax Return forms

The committee aims at simplifying the income tax return forms to the best possible extent besides developing the return forms that require least possible interventions on year to year basis.

Published 09 Jan, 2021 10:20am

Industry

Peaceful atmosphere essential for flourishing of businesses, industries: SCCI chief

PESHAWAR: The Sarhad Chamber of Commerce and Industry president, Sherbaz Bilour said that a peaceful atmosphere is...