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Companies pause operations as economic conditions worsen
Karachi: Deteriorating economic conditions in country continued to bite industries, with several companies announcing they would be halting operations. Khalid Siraj Textile Mills Limited announced that its management has decided to shut mill operatio...
Domestic unit gains value against dollar in interbank
Karachi: Rupee registered gains against dollar appreciating 0.46 percent in inter-bank market during trading even as expectations that deal would be finalised with IMF to revive its bailout programme fell flat. As per State Bank of Pakistan currency...
Mastercard, Network Int’l launch new AI fraud-prevention solution
Karachi: Mastercard announced that it is partnering with Network International, leading enabler of digital commerce across Middle East and Africa to address fraud, declines and chargebacks in order to reduce costs and risk for acquirers. Through part...
Karachi Police Chief assures industrialists to make SITE area crime-free
KARACHI: Additional Inspector General of Police Karachi, Javed Alam Odho has assured industrialists of site industrial area to implement effective security measures, said that Safe City project will be inaugurated very soon, main office of which will...
GCNP commended Artistic Milliner’s achievements in aligning business practices with SDGs
KARACHI: UN Global Compact Network Pakistan (UN GCNP) organized Business Talk SDGs Meeting on elevating ambition for greater collective action on the sustainable development goals which was hosted by Artistic Milliner, Entrepreneurs, stakeholders and...
IHHN reaches out to business community for projects
Karachi: Irfan Iqbal Sheikh President FPCCI and founding President of Indus Hospital Dr. Abdul Bari Khan discussed ways and means through which business, industry and trade community can assist Indus Hospital and Health Network (IHHN) with thei...
Zameen.com launches CCC
Karachi: Zameen.com launched Construction Cost Calculator (CCC). It is tool that utilises Zameen.com’s in-house algorithms to calculate amount of materials to be used in construction of house or building. It provides latest material costs appli...
Rupee shows slight recovery against dollar
KARACHI: Rupee made nominal recovery of 0.46 percent (Rs 1.28) against dollar in interbank market, snapping three-day losing streak, reports quoting State Bank of Pakistan. According to details, rupee gained Rs 1.28 against dollar in interbank...
State Life Insurance Corporation announces best business results in its 50-year history
KARACHI: State Life Insurance Corporation of Pakistan (SLIC) held Annual Marketing Convention at a local hotel to congratulate vigorous workforce and determined management team and celebrate strongest annual results since its inception. Despite macro...
KTML Board recommends buyback of 30m ordinary shares
Karachi: Kohinoor Textile Mills Limited (KTML) said that its board has approved buyback of up to 30 million issued ordinary shares of company. Shares constitutes approximately 10.02 percent of company’s total outstanding shares and as per curre...
