KARACHI: Meta, through its #MonthofGood campaign is helping Muslim communities in Pakistan and around the world to celebrate the spirit of the holy month of Ramazan, a statement said. Meta will be sharing the stories of Muslim communities making positive impact, providing Muslim creators with an entry point into immersive technology and offering ways for … Read more
KARACHI: The rupee slid down on Tuesday to close at the historic low of Rs185.23 amid political and economic uncertainty in the country coupled with volatile international commodities prices. The local unit fell Rs1.14 against the dollar from Friday’s closing of Rs184.09 in the interbank foreign exchange market. The market remained closed on Monday as … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has expressed distress over the resignation of the Small and Medium Enterprises Development Authority (Smeda) Chief Executive Officer Hashim Raza. Unisame President Zulfikar Thaver in a message and also a phone call requested Raza not to take hasty decisions and leave the authority stranded without a … Read more
KARACHI: The Pakistan Stocks witnessed a massive sell-off session after the National Assembly’s dissolution where Pakistan will start gearing up for fresh elections in the next 90 days under a caretaker Prime Minister. “The investors’ interest remained dwindled throughout the day on the concerns of dark political weather. Cumulatively, the banking, cement, and technology sectors … Read more
MUMBAI: India’s largest private bank will merge with its largest mortgage lender to form a $237 billion financial giant, both companies said on Monday, as low interest rates send demand for home loans soaring. HDFC Bank will absorb its parent company, the Housing Development Finance Corporation (HDFC), in what will be one of the country’s … Read more
KARACHI: The Pakistani Small and Medium Enterprises (SME) exporters to Egypt are facing various issues due to the abrupt change in import and payment rules which now only allows imports under letter of credits, an official said. The Union of Small and Medium Enterprises (Unisame) has received request from the SME exporters to Egypt to … Read more
ISTANBUL: Turkey’s inflation has soared to a new record, official data showed on Monday, as analysts see an impact from Russia’s invasion of Ukraine and President Recep Tayyip Erdogan’s unorthodox interest rate policy. Exacerbating a cost of living crisis, consumer prices accelerated to 61.14 per cent at an annual rate, up from 54.4 per cent … Read more
KARACHI: The Pakistan bourse witnessed a rollercoaster ride on Friday due to the rising political temperature in the country. The Index opened in the red territory due to the political unrest and further rupee depreciation against dollar. The market remained volatile throughout the day, an analyst at Arif Habib Limited said. “However, a rally in … Read more
KARACHI: In a recent move, the automobile assemblers in Pakistan, have increased the prices of cars by an average of 9.4 per cent in March 2022. The increase in the prices came as the assemblers tried to pass-on the cost pressures emanating from the continuous rupee depreciation against the dollar. This is the third time … Read more
LAHORE: Large Taxpayer Office (LTO) Lahore Chief Commissioner Ahmad Shuja Khan assured All Pakistan Textile Mills Association (APTMA) Punjab of resolving the tax issues on priority basis, including payment of refund claims. He was addressing the APTMA Punjab members during his visit to the association office on Friday, where APTMA Chairman Abdul Rahim Nasir, Northern … Read more
KARACHI: The decline in the rupee against the dollar continued as it closed at the historic low of Rs184.09 on Friday amid depleting forex reserves coupled with political and economic uncertainty at the domestic front. The local unit fell 61 paisas against the dollar from last day’s closing of Rs183.48 in the interbank foreign exchange … Read more
KARACHI: UK-based Oracle Power has raised gross proceeds of £800,000 (£0.8 million) by way of a placing of 246.153 million new ordinary shares to support the advancement of the green hydrogen project in Sindh. The company formed a joint venture, Oracle Energy Limited with Kaheel Energy Limited which will be focused on investing in and … Read more
KARACHI: The Pakistan Stocks closed in a green zone on Thursday as the investors’ sentiments were boosted on declining global oil prices and expectation of better results of cement stocks. “On the economic front, Pakistan’s exports to nine regional countries posted a growth of 25.53 per cent in the first eight months of fiscal year … Read more
