Category: Business

Gold prices, Pakistan

Gold prices increase Rs 200 per tola

The prices of 24 karat per tola gold witnessed an increase of Rs 200 on Monday and was traded at Rs 109,900 against its sale at Rs 109,700 in the local market, Karachi...

Lucky Group, Lucky Cement LMC, Pakistan

Lucky Group reaches deal for producing Samsung mobile in Pakistan

Lucky Motor Corporation (LMC) has signed an agreement with Samsung Gulf Electronics Co, FZE for producing Samsung mobile devices in Pakistan. In a stock filing on...

FDI Pakistan, FDI, Fareena Mazhar FDI

Plan afoot to create $50 billion FDI opportunities by 2023 in Pakistan: official

The Board of Investment (BOI) is actively pursuing strategies to create opportunities for $50 billion Foreign Direct Investment (FDI) in the country by 2023 under its...

Electric vehicles, KE, Shell

KE, Shell jointly launch charging station for electric vehicles

K-Electric has launched a first of its kind commercially available rapid electric vehicle charging station in Karachi with a capacity of 50kWh in collaboration with...

Reduced car prices, minister, Khusro Bakhtiar

Minister promises ‘reduced car prices will be implemented in two days’

Minister for Industries Khusro Bakhtiar said on Wednesday that new reduced car prices would be implemented in a few days to reflect the tax and duty cuts on automobiles...

Pakistani carmakers

Pakistani carmakers reluctant to give price relief to public despite duty, tax cut

Auto assemblers have been dragging their feet in passing on the price cut benefit to the consumers after the government’s decision of slashing federal excise duty...

US industry, jobs, US industry jobs

No, the jobs aren’t all back yet – in any top US industry

Story by Reuters No major U.S. industry has regained its pre-recession level of employment in the 16 months since COVID-19 torpedoed the labor market, a sobering reality...

Petrol price, Pakistan

Why is the government suddenly looking to raise petrol prices?

The federal government has started preparations to make petroleum products more expensive from July 1. In this regard, a summary has been sent to the Petroleum Division...

Pakistan foreign loans, Pakistan, fiscal year

Pakistan govt obtained 63% more foreign loans in current fiscal year

Pakistan borrowed over $12 billion during the 11 months of the current fiscal year (11MFY21) – an increase of about 63 per cent compared to the same period in FY20 –...