Indus Motor suspends production again
Karachi: Indus Motor Company Limited (INDU), assembler and seller of Toyota-brand vehicles has once again decided to shut production from March 24 to March 27, citing raw material and component shortages. Automaker shared development in notice to Pak...
Trade from Pakistan in local currency possible, says Malaysian CG
Karachi: Consul General of Malaysia Karachi Harman Hardaynta bin Ahmed said that more than 10 thousand Pakistani products are included in list of free trade agreements while 6 thousand products have been added by Malaysia. However, 10 new items are b...
Gold price jumps on seasonal demand
KARACHI: Gold prices jumped as demand for safe-haven metal was boosted by seasonal demand as people rush to purchase yellow metal in Ramadhan which is followed by wedding season. Data released by All-Pakistan Sarafa Gems and Jewellers Association sho...
KSE-100 sheds 434pts amid IMF uncertainty
Karachi: Benchmark KSE-100 Index fell below 40,000 level while volumes plunged as uncertainty over revival of International Monetary Fund (IMF) programme and continuous political volatility played on investors’ minds. At close, benchmark index...
Pakistan-China’s friendship shines at space exhibition in Beijing
BEIJING: Commemorative flag of 70th anniversary of diplomatic relations between China and Pakistan, which was carried into space was displayed at an exhibition in China. ‘Dreaming of Universe and Asking Sky: 30 Years of China’s Mann...
China says it has never deliberately pursued trade surplus with US
United States:China has never deliberately pursued trade surplus with United States, Shu Jueting, commerce ministry spokesperson said, despite signs that China is continuing to reduce its reliance on American exports. Although American export data pu...
Saudi, Iran FMs vow to meet soon during phone call: Riyadh
RIYADH: Saudi and Iranian foreign ministers spoke by phone to mark beginning of Ramadhan, vowing to meet “Soon” to implement landmark bilateral reconciliation deal, Riyadh said. Saudi Minister Prince Faisal bin Farhan called Hossein Amir-...
Oil dips after Fed comments, US crude stock build
SINGAPORE: Oil prices fell following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for world’s largest economy, while US crude stocks rose more than expected. Brent crude futures fell...
Banking business hours during Ramadhan-ul-Mubarak
ISLAMABAD: During ensuing Ramadhan-ul-Mubarak 1444 AH, office hours will be observed in State Bank of Pakistan, which will also be followed by all banks, development finance institutions and microfinance banks. Monday to Thursday from 9:00 am to 3:30...
Huawei Cloud Summit Middle East, Africa 2023 kicked off
Dubai:On ‘Unleash Digital with Everything as Service’, second Huawei Cloud Summit Middle East and Africa kicked off in Dubai. Event brought together over 300 government officers, cloud native industry experts, and customer representatives...
