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Inter-bank: Rupee records decline against dollar
Karachi: Rupee lost value for seventh successive session against dollar as it depreciated 0.18 percent in inter-bank market. As per State Bank of Pakistan domestic unit settled at 281.47, decrease of 0.52 paisa. During day, currency dealers said that...
KSA’s WAFI Energy eyes acquisition of Shell Pakistan
Karachi: WAFI Energy LLC Saudi Arabia is eyeing 77.42 percent shares and control of Shell Pakistan Limited (SHEL). Shell Pakistan announced development in its notice to Pakistan Stock Exchange. “It is hereby informed that Shell Pakistan Limited...
Afghanistan inflict seven-wicket defeat on Sri Lanka
Pune: In yet another victory, Afghanistan on Monday crushed Sri Lanka by seven wickets in a comfortable run chase in the 30th match of the ICC World Cup 2023 at the Maharashtra Cricket Association Stadium, Pune, India. Hashmatullah Shahidi's men reco...
PTCL Group adopts Red Hat hybrid cloud solutions to deliver cloud-native services
Islamabad: PTCL Group (PTCL and Ufone 4G) announced that it is leveraging Red Hat OpenShift, industry’s leading hybrid cloud application platform powered by Kubernetes and Red Hat Application Foundations. These are comprehensive set of componen...
SBP holds interest rate at 22pc
Karachi: State Bank of Pakistan (SBP) decided to hold key policy rate at 22 percent in line with market expectations, with next announcement on December 12. In statement, central bank said, “At its meeting, Monetary Policy Committee decided to...
Finance Minister says govt ready to facilitate foreign investors
KARACHI: Caretaker Finance Minister Dr Shamshad Akhtar asked OICCI to support government’s endeavors to encourage foreign direct investment and invest in export based industries to support countries development and contribute to strengthening b...
Punjab's caretaker cabinet greenlights four-month budget of Rs2,073 bln
The caretaker cabinet in Punjab has approved a budget of Rs2,073 billion to manage the province for the next five months. This extended budget is necessary due to the prolonged interim period in Punjab since the dissolution of the provincial assembl...
Pakistani companies ready to showcase at Heimtextil Exhibition
A number of Pakistani companies are gearing up to participate in the Global Heimtextil Exhibition 2024, the premier international trade fair for home textiles, scheduled to take place in Frankfurt, Germany. The event, Heimtextil 2024, will run from J...
PSO's unpaid dues exceed Rs. 700bln
KARACHI: Pakistan State Oil (PSO) is grappling with an overwhelming amount of unpaid dues, which have now surpassed a staggering Rs. 700 billion. Recent reports reveal that PSO is actively pursuing the collection of approximately Rs. 765 billion fro...
Premier Cables pavilion at GITEX Global 2023 in Dubai World Trade Centre attracts visitors
KARACHI: Shahid Ismail CEO of Premier Cables Pakistan, manufacturers of optic fiber cables highlighting participation in GITEX Global 2023 at Dubai World Trade Centre said our pavilion-second year at GITEX has proven to be significant platform, with...
