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Pak Suzuki extends factory shutdown due to inventory problems
KARACHI: Pak Suzuki Motor Company (PSMC), one of the biggest automakers in the nation, has once more extended its closure until January 20 due to a lack of inventory.
The automaker's production operations have been on hold for the majority…
KSE-100 declines as political unpredictability obscures…
As political unrest was sparked by Punjab Chief Minister Chaudhry Parvez Elahi's recommendation to the governor to dissolve the assembly, shares at the Pakistan Stock Exchange (PSX) fell on Friday even as the nation received a $4 billion…
KSE-100 develops Interest in cement and energy sectors scored 372…
On Thursday, shares of the Pakistan Stock Exchange (PSX) increased. According to analysts, this was due to a number of factors, including interest in the cement and energy industries.
At 12:53 PM, the benchmark KSE-100 index had risen…
Saudi Arabia contemplates raising Pakistan’s deposit amount…
RIYADH: Islamabad's attempts to increase the nation's foreign exchange reserves with Saudi Arabia's assistance have begun to bear fruit as Riyadh is considering increasing its deposit with the State Bank of Pakistan (SBP) from $3 billion to…
90% of Pakistan’s currency is hoarded, based on an FBR…
ISLAMABAD: According to an Federal Board of Revenue (FBR) member discussing the board's opinion, roughly 90% of the dollars are being hoarded in Pakistan, while just 10% are being smuggled out of the country.
Mukarram Jah Ansari, an FBR…
Deal involving Chinese business and Afghan Taliban for oil…
KABUL: The acting mining minister announced on Thursday that Afghanistan's Taliban-run government will sign a contract with a Chinese business to produce oil from the Amu Darya basin in the northern part of the nation.
Officials said at…
Oil prices rise $1 on China’s reopening optimism
Oil prices rose as much as $1 on Friday, extending gains from the previous trading session on hopes of a China demand boost and after data showed lower fuel inventories in the United States following a winter storm that hit during the…
Food prices push weekly inflation to 30.6%
ISLAMABAD: Short-term inflation measured by the Sensitive Price Index (SPI) reached 30.6 per cent year-on-year in the week ending on January 5, up from last week’s 29.3pc, as food prices continue to remain high.
Data released by the…
Millat Tractors halts production over reduced demand, cash flow…
LAHORE: Pakistan’s biggest agricultural machinery manufacturer, Millat Tractors Limited, said on Thursday that it would remain closed from January 6 (tomorrow) till further notice, citing reduced demand and cash flow problems.
In a…
Oil rebounds after biggest drop in decades at start of year
LONDON: Oil rebounded on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a US fuel pipeline providing support, though economic concerns capped gains.
Big declines in the…