Category: Business
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 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...
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...
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...
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 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...
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...
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 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 –...
Pakistan’s current account deficit accelerates to $632m in May
The country witnessed the sixth consecutive current account deficit (CAD) of $632 million in May, leaving a meagre $153m surplus in the first 11 months of the outgoing...