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...
Compliance centre opened at Commerce Ministry to facilitate businesses, exports: Minister
ISLAMABAD: Minister of Commerce Syed Naveed Qamar inaugurated first-ever National Compliance Centre (NCC) to ensure international compliance requirements and facilitate manufacturers, exporters, and certification agencies through information sharing...
Pakistan, Iran reiterate to explore areas of bilateral cooperation
ISLAMABAD: Pakistan and Iran have reiterated to explore more areas of bilateral cooperation and economic connectivity. Resolve was expressed during meeting between Minister for Human Rights Mian Riaz Hussain Pirzada and Ambassador of Iran to Pakistan...
POL import bill contracts by 11.66pc in 9M FY 2023
ISLAMABAD: Imports of overall petroleum group contracted by 11.66 percent during first nine months of current fiscal year (2022-23) as compared to corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. Total imports of petro...
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...
Rupee stays flat in value against dollar
Karachi: Rupee remained largely unchanged against dollar during trading in inter-bank market. According to State Bank of Pakistan domestic unit settled at 283.89 an increase of 0.01 paisa. Development comes after rupee regained some ground against do...
KSE-100 closes flat, volume remains subdued
Karachi: Pakistan Stock Exchange (PSX) saw mixed session and KSE-100 Index rose 0.13 percent owing to mixture of upside and downside pressures. Political instability kept investors mostly on sidelines with volume on all-share index remaining subdued....
