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Pak Suzuki extends plant shutdown to Jan 13
Karachi: Pak Suzuki Motor Company (PSMC) notified again that it will extend its plant shutdown from January 9, 2023 to January 13, 2023. In notice to Pakistan Stock Exchange (PSX), company said, “In accordance with Section 96 and 131 of Securit...
FPCCI proposes austerity as alternative to reduced timings
Karachi: Irfan Iqbal Sheikh President FPCCI presented an alternative plan of action vis-à-vis recently announced National Energy Conservation Plan by federal government. Limiting use of electricity to strictly absolutely necessary lighting, ap...
Rupee records marginal loss against dollar, closes to 227.12
Karachi: Rupee registered marginal loss against dollar for 12th successive session, depreciating 0.07 percent in inter-bank market. As per State Bank of Pakistan (SBP), rupee declined by 0.17 paisa to close at 227.12. On Wednesday, rupee depreciated...
Another textile firm cuts production by up to 50pc
Karachi: Economic distress continued to bite Pakistan’s textile sector after another local textile firm announced that it will curtail production by half. Crescent Fibres Limited, engaged in manufacture and sale of yarn, conveyed to Pakistan St...
CETP, water line project to be taken up with govt, high ups: Naz Baloch
Karachi: Naz Baloch Parliamentary Secretary member National Assembly expressed commitment to take up issue of pending Combined Affluent Treatment Plant (CETP) and water line from Hub Dam to SITE area at various levels in federal and provincial govern...
AJK Minister performs soft launching of Solar Clean Energy moot
KARACHII: Azad Jammu and Kashmir Minister for Energy and Water Resources Chaudhry Arshad Hussain performed soft launching of 3rd International Solar Clean Energy Conference 2023. AJK minister appreciated that organiser of upcoming conference, Energy...
KPT with NBP inks accord for banking needs of employees
Karachi: National Bank of Pakistan (NBP) and Karachi Port Trust (KPT) signed an agreement for “Employee Banking” for provision of banking facilities to KPT employees. Under arrangement, NBP will facilitate KPT employees to meet their fina...
All labor laws, regulations should come under single window: FPCCI President
KARACHI: Irfan Iqbal Sheikh, President FPCCI, has demanded that all labor and industrial relations-related laws & regulations should come under a single window to facilitate the employers and employees alike; and, enhance the compliance with the...
Nishat Chunian to partially shut down operations after one month
Karachi: Textile giant Nishat Chunian Limited (NCL) announced that it will partially shut down its spindles from January, citing market conditions. Development comes as Pakistan faces multiple challenges, including rising debt, low foreign exchange r...
Arif Balgamwala becomes first Pakistani to participate in Monaco Phil 2022 exhibition
KARACHI: Muhammad Arif Balgamwala (Tamgha-e-Imtiaz), former MC member, former Chairman Diplomatic Sub-Committee KCCI, former Chairman Pakistan Chemicals and Dyes Merchants Association has been honoured first Pakistani to present his collection at int...
