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HCAR, PSMC extend plant shutdowns amid import restrictions

KARACHI: Honda Atlas Cars (Pakistan) Limited (HCAR) said it is extending plant shutdown plant until April 30 amid restrictions on imports. Automaker has been observing shut down since early March this year. Company announced its decision in notice to...

Rupee gains strength versus dollar

Karachi: Rupee maintained its upward trajectory against dollar, appreciating 0.6 percent in inter-bank market. According to State Bank of Pakistan (SBP), domestic unit settled at 284.91, an increase of Rs 1.71. In key development, an official of Inte...

KSE-100 index closes to 79pts

Karachi: Pakistan Stock Exchange (PSX) KSE-100 index saw mixed session and KSE-100 Index rose in first half before profit-taking eroded most of intra-day gains. By end of session, KSE-100 Index rose 79.49 points or 0.2 percent to close at 40,205.54....

Auto sales record 98pc growth in March 2023

KARACHI: Despite high car prices, Pakistan’s auto sector recorded growth of 98 percent to about 7,201 units (passenger cars) in March compared with 3,642 units sold in previous month, providing ray of hope in beleaguered auto sector that has pi...

Rupee recovers value against dollar, settles at 286.62

Karachi: A day after plunging to all-time lows, rupee recovered some ground against dollar, appreciating 0.63 percent in inter-bank market. According to State Bank of Pakistan (SBP), domestic unit settled at 286.62, an increase of Rs 1.81. This comes...

KSE-100 gains 321pts amid financing from ‘friendly country’

Karachi: Pakistan Stock Exchange (PSX) KSE-100 index witnessed bullish session and benchmark KSE-100 index crossed 40,000 level once again after reports that UAE will confirm funding of $ 1 billion for Pakistan. Stock market rose as funding is vital...

PMIC, Qarar partner to develop credit scoring model

Karachi: To ensure financial inclusion and strengthen microfinance sector, Pakistan Microfinance Investment Company (PMIC) and Qarar Consultancy (Qarar) will roll out credit scoring model for microfinance sector under PMIC’s Challenge Fund-Roun...

Gold price jumps to Rs218,300 per tola

Karachi: Gold price jumped to an all-time high and surpassed Rs 218,000 mark as domestic unit slumped to historic low against dollar with country failing to bring confidence back to market. According to data released by All-Pakistan Sarafa Gems and J...

Rupee plunges to new all-time low against dollar

Karachi: Rupee took another hammering on Tuesday and plunged to fresh all-time low of 288.43 against dollar in inter-bank market. According to State Bank of Pakistan (SBP), domestic unit depreciated Rs 1.34 or 0.46 percent. Ismail Iqbal Securities He...

KSE-100 index closes flat on mixed session

Karachi: Pakistan Stock Exchange (PSX) KSE-100 index endured mixed session and KSE-100 Index closed almost flat after oscillating in red and green zones. Lack of progress on International Monetary Fund (IMF) bailout kept investors on sidelines. At cl...

NC Big Stories

Finance minister makes it clear-cut, IMF deal ‘transparent’

ISLAMABAD: Addressing the audience at a literature festival in Islamabad yesterday, Finance Minister Muhammad Aurangzeb clarified that there are no undisclosed conditions in the country's loan agreement with the International Monetary Fund (IMF). He...

K-Electric CEO given show-cause for not sharing information with citizen

ISLAMABAD: The Pakistan Information Commission (PIC) has issued a show cause notice to the Chief Executive Officer of K-Electric for failing to comply with the commission’s order to furnish information requested by a citizen under the Right of...

PM Shehbaz announces ‘Bijli Sahulat Package’

ISLAMABAD: Prime Minister Shehbaz Sharif yesterday announced the Bijli Sahulat Package, offering up to Rs 26 per unit relief in electricity bills during the three winter months December, January, and February. Addressing an event in connection with Y...

JCP nominates all judges of SHC for constitutional bench

ISLAMABAD: The Judicial Commission of Pakistan yesterday nominated all judges of the Sindh High Court (SHC) as members of constitutional bench for expeditious disposal of the existing huge backlog of cases. All judges of the SHC can hear constitution...
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