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Concern over worst financial crisis for LCs, retirement of documents: PSMA Chief
Karachi: Chairman Pakistan Soap Manufacturers Association (PSMA) Syed Anwer Suhail Razvi expressed concern over worst financial crisis, with which entire economy of country in grip as Letters of Credit and retirement of documents is not being honoure...
Pakistan ‘held back’ by ‘very high levels of energy subsidies’: ILO
Karachi: International Labour Organisation (ILO) United Nations (UN) agency has said, “Very high levels of energy subsidies” in countries such as Pakistan are denting finances. In its report, ILO also classified Pakistan among lower-middl...
Desire Properties, Home Solutions ink accord for ease of expats
Karachi: Desire Properties and Home Solutions London inked accord here. Accord aims establishing sales centres in London and America by Memon Group of Companies-construction Company. Desire Properties and Home Solutions want to provide more convenien...
Rupee depreciates value versus dollar to close 228.66
Karachi: Rupee’s downward trajectory against dollar continued for 20th successive session, depreciating 0.14 percent in inter-bank market. As per State Bank of Pakistan rupee declined by 0.32 paisa to close at 228.66. During ongoing fiscal year...
PSX plunges over 1,378pts to hit 2.5-year low as politics weigh
KARACHI: Pakistan stocks plunged to 30-month low as country’s extremely riotous political situation freaked economy-wary investors into stampeding towards exits, resulting in whopping losses, Stock traders said. KSE-100 shares index lost 1,378....
HBL, NayaPay join hands to boost int’l remittances
Karachi: HBL has partnered with NayaPay to facilitate real-time cross-border transaction flows into Pakistan. Customers can now receive foreign remittances through HBL’s partnering money transfer agents (MTOs) directly into their NayaPay accoun...
EFP will participate in joint workshop of Asian Employer Federations
KARACHI: Majyd Aziz former President and Rabiya Anwer Assistant Secretary General of Employer Federation of Pakistan (EFP) held bilateral meeting to discuss various programmes planned for 2023 with Akira Kuriyama, Naoharu Shudo, and Yoko Maeda from...
Salt Iodisation programme being compromised over cargo hold
KARACHI: Ismail Suttar Chairman Salt Manufacturers Association of Pakistan (SMAP) reaches out to Minister Ishaque Dar for immediate attention to Salt Iodisation Programme. Salt industry in Pakistan has grown massively in recent years with combined ef...
Rupee lost value against dollar, closes to 228.34
Karachi: Rupee registered fall against dollar for 19th consecutive session, depreciating 0.08 percent in inter-bank market. As per State Bank of Pakistan rupee declined by 0.19 paisa to close at 228.34. During ongoing fiscal year, rupee has depreciat...
KSE-100 sheds 603pts on selling pressure
Karachi: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index witnessed decline of over 600 points, closing below 40,000 level. Moreover, panic about monetary policy announcement by State Bank of Pakistan due next week added to investors’ anxi...
