Rupee closes negative in value versus dollar
Karachi: Rupee ended trading week with marginal loss against dollar, depreciating for 13th consecutive time in interbank market. Domestic unit closed at 227.14 against greenback after meagre decline of 0.01 percent in interbank market compared to Thu...
Pak Suzuki extends plant shutdown to Jan 13
Karachi: Pak Suzuki Motor Company (PSMC) notified again that it will extend its plant shutdown from January 9, 2023 to January 13, 2023. In notice to Pakistan Stock Exchange (PSX), company said, “In accordance with Section 96 and 131 of Securit...
FPCCI proposes austerity as alternative to reduced timings
Karachi: Irfan Iqbal Sheikh President FPCCI presented an alternative plan of action vis-à-vis recently announced National Energy Conservation Plan by federal government. Limiting use of electricity to strictly absolutely necessary lighting, ap...
Govt mulls slapping up to 70pc Windfall Tax on banking sector’s lofty profits
ISLAMABAD: Government is considering slapping windfall tax on profits of banking sector in range of 50 percent to 70 percent similar to one used in West, which imposed same tax on energy companies. “Different proposals are under consideration f...
PM appeals business community to support govt’s energy conservation plan
ISLAMABAD: Prime Minister Shehbaz Sharif appealed business community to support government's recently announced energy conservation plan marking early closure of markets and restaurants, to ensure judicious use of national resources and reduce import...
Rupee records marginal loss against dollar, closes to 227.12
Karachi: Rupee registered marginal loss against dollar for 12th successive session, depreciating 0.07 percent in inter-bank market. As per State Bank of Pakistan (SBP), rupee declined by 0.17 paisa to close at 227.12. On Wednesday, rupee depreciated...
NEPRA makes use of Thar Coal mandatory for coal power plants
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) made use of Thar Coal mandatory for coal-power plants. Power regulator issued guidelines to coal-power plants. “Power plants would have to see availability of coal from Thar before...
PM emphasises timely CPEC completion, assures secure environment to Chinese investors
Islamabad: Prime Minister Shehbaz Sharif held telephonic conversation with Chinese Premier Li Keqiang wherein he emphasised Pakistan’s unswerving focus on timely progress of China-Pakistan Economic Corridor (CPEC) projects. During “Compre...
PTI’s White Paper misleading, devoid of context: Dar
ISLAMABAD: Economic managers of country here termed Pakistan Tehreek-i-Insaf’s (PTI) White Paper on state of economy as selective, misrepresented and devoid of economic context. “PTI presentation [white paper] was selective, misrepresente...
Country encourages foreign companies’ investment in fast-growing IT sector: President
ISLAMABAD: President Dr Arif Alvi said that Digital Transformation was at heart of country’s vision to create conducive environment for technology development and growth. Talking to delegation of DigitalOcean, led by its CEO Yancy Spruill who c...
