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Mondelez Pakistan becomes top employer for 2023
Karachi: Mondelez Pakistan one of country’s largest confectionary and beverage manufacturer has been announced as top employer for year 2023. Owing to industry-best practices in creating an exceptional work environment and company culture for e...
Rupee falls to all time low of 252.5 against dollar
KARACHI: Rupee fell by 5.75 percent (or Rs 14.5) to an all-time low of Rs 252.5 against dollar in open market. Slump in rupee helped Pakistan Stock Exchange (PSX) jump by 1.87 percent (or 730 points) to 39,785 points. Rupee plunged after currency dea...
KSE-100 gains 770pts amid hopes of IMF review completion
KARACHI: Bulls prevailed at Pakistan Stock Exchange (PSX) in early session amid hopes of completion of ninth review of IMF programme. Benchmark KSE-100 index climbed to 39,825.80 points, up 413.82 points, or 1.97 percent in mid-trade session. A total...
KATI chief welcomes waiver of fines on stuck-up goods at ports
KARACHI: Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman welcomed waiver of fines on stuck up at ports by Minister for Maritime Affairs Faisal Sabzwari and Minister for Commerce Naveed Qamar. In statement, he said that by c...
KSE-100 rallies over 600pts after MPC announcement
Karachi: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index settled with gain of over 600 points, while volume and value of shares traded improved from previous session. Market opened on positive note and continued to make strides throughout sessi...
Three-day City Property Expo concludes
KARACHI: Three-day City Property Expo organized by Commander Builders at Expo Centre here concluded. Thousands of visitors participated in expo and booked large number of plots. Booking counter remained crowded on all three days, according to stateme...
Ambiente trade fair will be held in Frankfurt from Feb 3
KARACHI: Ambiente, leading international trade fair will be held from February 3-7, 2023 in Frankfurt city of Germany. Pakistan’s five companies, including Anaya Salt Craft, Hub Pak Salt, Pakistan Souvenirs, Sharp Edge and Tariq Glass are...
SNGPL reduces UFG losses by 23,348MMCF
LAHORE: Sui Northern Gas Pipelines Limtied (SNGPL) has exceeded assigned target by reducing UFG losses by 23,348 MMCF. A press release issued by company said government of Pakistan had assigned task of reduction in UFG losses of SNGPL by 18,240 MMCF...
Rupee sheds value against dollar, closes to 230.40
Karachi: Rupee maintained its downward trend against dollar for 25th consecutive session as it depreciated 0.11 percent in inter-bank market. As per State Bank of Pakistan rupee declined by 0.25 paisa to close at 230.40. During ongoing fiscal year, r...
Russia nods suspending debt service for Pakistan
KARACHI: Minister for Economic Affairs Sardar Ayaz Sadiq said that 8th Intergovernmental Commission (IGC) would lay foundation of ‘new relationship’ between Russia and Pakistan in different sectors including energy, economy, trade, techno...
