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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...
Dar admits economy in ‘tight position’ but rejects impression of any default
Karachi: Finance Minister Ishaq Dar assured investors at Pakistan Stock Exchange (PSX) that country will not default but did admit that economy was in “Tight position”. In his address, finance czar said he always believed that Pakistan ha...
Rupee sheds value versus greenback, settles at 226.15
Karachi: Rupee ended with loss for sixth successive session against dollar, falling 0.15 percent in inter-bank market transaction. As per State Bank of Pakistan (SBP), rupee closed at 226.15 after fall of 0.33 paisa against greenback. Rupee has depre...
Bank Alfalah won ‘Best Investor Relations’ award, for 9th year in row
Karachi: Bank Alfalah has been honoured with three prestigious awards in recognition of its exceptional banking performance, Investment Banking and investor relations at 19th Annual Excellence Awards hosted by CFA Society Pakistan here. Bank was nomi...
NKATI industrialists to establish block at Indus Hospital
KARACHI: North Karachi Association of Trade and Industry (NKATI) and Indus Hospital Karachi agreed to cooperate for provision of medical facilities in spirit of Khidmat-e-Khalq. Industrialists will establish ‘Captain A Moiz Khan block’ at...
TDAP willing to extend support to PCA
Karachi: A five-member delegation of Pakistan Coating Association (PCA) headed by Chairman Siraj Uddin discussed indutry matters with Zubair Motiwala Chief Executive of Trade Development Authority of Pakistan (TDAP). Referring to State Bank policy on...
Germany to help with trade facilitation, technical education: German envoy
Karachi: Irfan Iqbal Sheikh President of FPCCI expressed satisfaction that Pakistan’s bilateral trade surplus with Germany has crossed psychological mark of $ 1 billion and there are clear indications that Pakistani exports are on growth trajec...
Governor Tessori, America-Pak businessmen discuss economic ties
Karachi: A delegation of America Pakistan Business Forum met with Sindh Governor Kamran Tessori discussed American investment to reduce unemployment in province. Members of delegation of America Pakistan Business Forum headed by Farooq Mughal and Gov...
Gov SBP highlights women’s contribution in nation building
KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad said that role and contributions of our women in nation-building and economic development of country is much important. “Quaid-e-Azam Muhammad Ali Jinnah rightly said, “No nation...
