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PSMC extends plant shutdown again due to inventory shortage
Karachi: Pak Suzuki Motor Company (PSMC) said it will once again extend its plant shutdown from January 16 to January 20, 2023 due to shortage of inventory. Automaker shared development in notice to Pakistan Stock Exchange (PSX). “Further to ou...
Pakistan workers’ remittances fall 19pc in Dec
KARACHI: Overseas workers’ remittances flowing into Pakistan dropped 19 percent year-on-year in December 2022 to $ 2.0 billion from $ 2.52 billion recorded in same month of previous fiscal year FY2022, central bank said. Remittances were down 1...
PYMA asks govt to waive off demurrage, detention charges on PY
Karachi: Sohail Nisar senior Vice Chairman Pakistan Yarn Merchants Association (PYMA) expressing deep concern over not opening letters of credit (LCs) by banks despite clear instructions from State Bank of Pakistan demanded to release detained contai...
Aimal Developers organizes dealers convention
Karachi: Shangrila City luxurious and affordable housing project organised dealer convention in honour of people associated with project at a local hotel. Convention was briefed by Aimal Developers about master plan of Shangrila City and details of f...
KCCI demands releasing of stuck up containers at ports
Karachi: Chairman Businessmen Group and former President KCCI Zubair Motiwala addressing press conference at KCCI demanded from federal government to immediately issue directives for immediately releasing stuck up containers at ports without demurrag...
Domestic unit sheds value versus dollar, closes to 228.14
Karachi: Rupee registered decline against dollar for 17th successive session, depreciating 0.09 percent in inter-bank market. As per State Bank of Pakistan (SBP), rupee declined by 0.21 paisa to close at 228.14. During ongoing fiscal year, rupee has...
PSX becomes signatory of women’s empowerment principles
Karachi: In move forward signifying Pakistan Stock Exchange (PSX)’s efforts to promote increased women participation, gender equality and adopting gender-responsive policies, PSX has become signatory of Women’s Empowerment Principles (WEP...
Despite pressure from IMF, Bangladesh did not stop subsidising anything: Deputy HC Alam
Karachi: Deputy High Commissioner of Bangladesh in Karachi SM Mehboob Alam has said that despite pressure of IMF, Bangladesh has not stopped giving subsidies to anyone, including agriculture and considering conditions of country, it has given people...
CM’s Special Assistant on Commerce seeks FPCCI's proposals
Karachi: Irfan Iqbal Sheikh President FPCCI welcoming visit of Faraz Abid Lakhani Special Assistant to Chief Minister Sindh on Commerce to Federation House to seek proposals and recommendations of apex body appreciated his gesture. Abid extended full...
Rupee closes negative in value versus dollar
Karachi: Rupee ended trading week with marginal loss against dollar, depreciating for 13th consecutive time in interbank market. Domestic unit closed at 227.14 against greenback after meagre decline of 0.01 percent in interbank market compared to Thu...
