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Business - 2020-11-21
SBP calls on concerted efforts to tackle high digital divide in Pakistan
Money & Banking

SBP calls on concerted efforts to tackle high digital divide in Pakistan

  • The SBP report informed that amid COVID-19 businesses shift towards improving their online presence and as a result, the e-commerce market in FY20 is estimated to have expanded to Rs 234.6 billion, up 55.5 percent on YoY basis.
  • Within the digital payments, ecommerce transactions made via branchless banking channels more than doubled from last year.
Published 21 Nov, 2020 03:09pm
Pakistan Oxygen to build multi-billion Air Separation Unit
Companies

Pakistan Oxygen to build multi-billion Air Separation Unit

  • “We are now pleased to convey that the Board of Directors of the Company in its meeting held on November 20, 2020, has approved an investment plan of about Rs. 6.3 billion to setup the latest and the most energy-efficient Air Separation Unit (the "Plant") in its class,” it said.
Published 21 Nov, 2020 12:27pm
Pfizer files COVID-19 vaccine application to US FDA
Companies

Pfizer files COVID-19 vaccine application to US FDA

  • The application to the US Food and Drug Administration (FDA) comes just days after Pfizer and German partner BioNTech SE reported final trial results.
  • Pfizer's shares were up 1.3% and BioNTech shares up 9.3% in New York late on Friday afternoon.
Published 21 Nov, 2020 02:22am
Oil set for third week of gains on vaccine hopes
Energy

Oil set for third week of gains on vaccine hopes

  • Brent, WTI both up over 4% in the week.
  • Market eyes OPEC+ meeting at month-end.
  • Discussions on more US COVID-19 relief support prices.
  • US oil, gas rig count falls for first week in 10 -Baker Hughes.
Published 21 Nov, 2020 12:48am