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IMC reports profit of Rs3.22bn for 3rdQ FY 2023
Karachi: Indus Motor Company (IMC), assembler of Toyota vehicles in Pakistan reported profit-after-tax (PAT) of Rs 3.216 billion for third quarter of financial year 2022-23, decrease of 37 percent as compared with earnings of Rs 5.118 billion in same...
Gas meter’s monthly charge raised to Rs500 from Rs40: SNGPL
KARACHI: After recent increase in gas prices, monthly charge for gas meter has increased significantly, it emerged. According to notification issued by Sui Northern, gas meter fee has been raised from Rs 40 to Rs 500 per month, which means customers...
Rupee remains stable against dollar
Karachi: Rupee remained largely stable against dollar, settling with an appreciation of 0.03 percent. According to State Bank of Pakistan (SBP), domestic unit settled at 283.39, an increase of 0.08 paisa. It had depreciated during early hours of trad...
KSE-100 fails to sustain gain, ends post-Eid session flat
Karachi: Pakistan Stock Exchange (PSX) ended another volatile session on positive note after 5-day Eid break. Benchmark KSE-100 Index inched up 0.22 percent, while volume and value of shares traded improved from last close. Indices extended gains fro...
Emaan Islamic Banking, TPL Insurance to launch All-in-One Account
KARACHI: Emaan Islamic Banking division of Silk Bank Limited and TPL Insurance Limited Window Takaful Operation announced launch of their latest offering, Emaan All-in-One Account. Account is tailored to cater to needs of new-to-bank customers and ex...
PSMC appoints Hiroshi Kawamaru as new MD
Karachi: Pak Suzuki Motor Company Limited (PSMC), assembler of Suzuki motors in country has appointed Hiroshi Kawamura as Managing Director. Current director will step down from his role on May 26. Automaker shared development in filing to Pakistan S...
Pak-Qatar Takaful Group announces financial results for 2022
KARACHI: Pak-Qatar Group announced financial results for year ended December 31, 2022, for its companies Pak-Qatar Family Takaful Limited (PQFTL) and Pak-Qatar General Takaful Limited (PQGTL). Board meetings presided over by Sheikh Ali bin Abdullah b...
Rupee gains value, settles at 283.47 against dollar
Karachi: Rupee regained its upward momentum against dollar, appreciating 0.15 percent during trading in inter-bank market. According to State Bank of Pakistan (SBP), domestic unit settled at 283.47, an increase of 0.42 paisa. Market participants awai...
KSE-100 index gains 508pts gain on banks, cement, chemical
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index witnessed bulls run as benchmark KSE-100 Index gained over 500 points on back of improved macroeconomic cues. By end of session, KSE-100 Index closed 508.48 points or 1.26 percent higher to settle...
Unnecessary eid holidays will push us down economically
KARACHI: Ismail Suttar Chairman Salt Manufacturers Association of Pakistan (SMAP) rejecting excessive holidays for Eid ul Fitr stated that five days of Eid holidays is highly inefficient decision notified from government in such crippling economic cr...
