Business

PMEX index closes at 3,500 points

By The Frontier Post | May 24, 2018

F.P. Report KARACHI: Pakistan Mercantile Exchange Limited commodity index on Tuesday closed at 3,500; with traded value of metals, energy and COTS/FX recorded at 4.699 billion. The number of lots traded was 10,308, said PMEX release on Wednesday. Major business was contributed by WTI crude oil amounting to Rs 1.299 billion, followed by gold Rs […]

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Uber gives drivers sick pay and parental leave

By The Frontier Post | May 24, 2018

NEW YORK (BBC News): Ride hailing firm Uber will give its European drivers access to medical cover and compensation for work-related injuries. The new protections include sick pay, parental leave and bereavement payments. Uber said it previously “focused too much on growth and not enough on the people who made that growth possible”. “We called […]

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Marks and Spencer profits slump on store closure costs

By The Frontier Post | May 24, 2018

LONDON (BBC News): Marks and Spencer has suffered a big fall in annual profits following a costly store closure plan. Annual pre-tax profits fell by almost two-thirds to £66.8m as sales of food, clothing and homeware all declined. On Tuesday the retailer said it plans to close 100 shops by 2022, accelerating an overhaul that […]

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