Recent Post:
Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg
Karachi: International Monetary Fund (IMF) could release funding to Pakistan by June under bailout package, Bloomberg report stated, but warned country could be heading towards default if this does not happen. “Our base case is that IMF will de...
SBP to remain closed for public dealing on Friday
Karachi: State Bank of Pakistan will remain closed for public dealing on Friday March 24, 2023, which shall be observed as ‘Bank Holiday’ for purpose of deduction of Zakat, since 1st of Ramadhan-ul-Mubarak, 1444 A.H. is likely to fall on...
Hinopak suspends assembly plant operation
Karachi: Hinopak Motors Limited (HINO) become latest automaker to shut operations on temporary basis as it faces consequences of government’s import restrictions and struggles to continue production. Hinopak, which assembles and manufactures Hi...
IP procedures to be simplified through digitalisation: Chief IPO
KARACHI: Chairman Intellectual Property Organisation (IPO) Pakistan Farrukh Amil said that under its long-term strategy, IPO Pakistan wants to simplify cumbersome IP procedures through digitalisation which would enable individuals and companies to ge...
Rupee makes minor gain against dollar
Karachi: Rupee registered minor gain against dollar, appreciating 0.04 percent in inter-bank market. As per State Bank of Pakistan rupee settled at 283.92 a gain of Re 0.11. A day earlier, rupee had settled at 284.03 against dollar in inter-bank mark...
PSX closes with marginal loss on lull investors’ interest
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index endured mixed session and KSE-100 Index closed 0.1 percent down amid sharp drop in investor participation. Political and economic uncertainty kept market participants on sidelines. At close, KSE-10...
Bank Alfalah, TCF to set up primary school in Nawabshah
Karachi: Bank Alfalah partnered with The Citizens Foundation (TCF) to fund construction of primary school in Asif Nagar in Nawabshah for Rs 49 million. Bank Alfalah’s contribution towards rebuilding schools is particularly noteworthy given that...
Rupee sheds value settles at 284.03 against dollar
Karachi: Rupee sustained losses against dollar, depreciating 0.82 percent in inter-bank market as uncertainty over resumption of a stalled International Monetary Fund programme and rise in domestic political noise dented market sentiments. As per Sta...
Pakistani exporters urged to tap Baltic region potential: FPCCI
Karachi: Suleman Chawla acting President FPCCI proposed that Pakistani exporters should tap potential of emerging European economy of Lithuania in Baltic region. He appreciated fact that Ricardas Degutis Ambassador of Lithuania visited FPCCI Head Off...
Shipping activity at Port Qasim remains brisk
KARACHI: Two ships MSC Silver II and Easterly Beach Galaxy carrying containers and chemicals berthed at Qasim International Container Terminal and EngroVopak Terminal respectively. Meanwhile four more ships, MSC Marina, MSC Monica III, Abram Schulte...
