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1-10 results from 1000 for query «retail»

March 20, 2018 12:00 AM LCCI urges PSQCA to stop raids

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has demanded the Pakistan Standard and Quality Control Authority (PSQCA) to stop crackdown against cosmetics and food sector, as government should aim at standardisation registration, but not at a cost to business commodity, a statement said on Monday. LCCI acting president Khawaja Khawar Rashid

March 13, 2018 12:00 AM India’s retail inflation eases in February

NEW DELHI: India's retail inflation eased for the second straight month in February but remained above the 4 percent medium-term target of the Reserve Bank of India (RBI), strengthening views it will hold rates steady at its April meeting rather than raise them. The central bank, which has kept rates steady since a 25-basis-point cut in August, is widely 16

March 11, 2018 12:00 AM Best Buy chief says turnaround done

NEW YORK: Best Buy Co Inc has completed a five-year turnaround and is ready to compete with market leader Inc to prove U.S. retail is not a "winner takes all" situation, Chief Executive Hubert Joly told Reuters on Friday. Brick-and-mortar retailers like Best Buy have closed stores and some have gone out of business over the past few years 10

February 23, 2018 12:00 AM DRAP cuts 59 items prices by 10pc

ISLAMABAD: The federal cabinet has approved reduction in maximum retail price (MRP) of originator brands of above 59 products by up to 10 percent, Drug Regulatory Authority of Pakistan (DRAP) said in a statement on Thursday. DRAP spokesperson said the federal government has introduced a transparent way through the Drug Pricing Policy-2015 for price increase 11

February 21, 2018 12:00 AM Amreli Steels finalises Rs2bln expansion plan

KARACHI: Amreli Steels Limited, country’s leading steelmaker, on Tuesday announced its board had approved the second phase of expansion to increase its annual production capacity of reinforcement bars to 750,000 tons within the next two years. “The company will expand its plant located in SITE (Sindh Industrial Trading Estate) Karachi by 95,000 tons/annum 18

February 20, 2018 12:00 AM South Africa’s main airport evacuated in bomb scare

JOHANNESBURG: Johannesburg’s O.R. Tambo airport, Africa’s largest, was evacuated on Monday and passengers forced to wait for two hours to return after South African officials identified a suspect bag. Images of the deserted terminal were posted to social media while other photographs showed crowds of passengers waiting on roadways for the all-clear to return 14

February 14, 2018 2:10 AM Power sector could see ‘market operator’ under new reforms

ISLAMABAD: The government has started the process for transformation of Central Power Purchasing Agency-Guarantee (CPPA-G) as an independent operator of the country’s electricity market from its existing role of a billing and financial settlement agent of the distribution companies. An application to register CPPA as a ‘market operator’ was admitted 8

February 7, 2018 12:00 AM Byco brings five-time raise in gasoline production

KARACHI: Byco Petroleum Pakistan brought its gasoline output up five times to 1,500 tons/day as the company’s second unit started production. “At the current level of crude processing at the Byco oil refining complexes I and II i.e. 75,000 barrels/day, the cumulative motor gasoline production has increased five times from 300 tons/day to 1,500 tons/day 14

January 30, 2018 1:54 AM Faysal Bank to open over 100 branches

DUBAI: Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank, to capitalise on the country’s low penetration rate of banking services, a senior executive said. Ithmaar Bank owns 66 per cent of Faysal Bank, whose contribution to the Islamic retail bank’s overall balance sheet would likely 11

January 30, 2018 12:00 AM Byco inducts new oil tankers

KARACHI: Byco Petroleum on Monday inducted new oil tankers in its fleet to transport petroleum products from its refinery in Mouza Kund across Pakistan. “Byco’s rollout of state-of-the-art, Ogra- (Oil and Gas Regulatory Authority) compliant oil tankers underscores our commitment to ensure that safety will always be Byco’s top priority,” Amir Abbassciy 15