Meta helps celebrate Ramazan

Meta

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

Rupee slides to historic low

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

Smeda chief resignation distressing: Unisame

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

Pakistan bourse closes red over Assembly dissolution

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

Turkish inflation hits fresh record at 61.1%

Turkish inflation

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

Pakistan bourse edges up on declining coal prices

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

Car prices rise 9.4% on an average in March

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

LTO Commissioner assures resolving textile mills tax issues

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

Rupee plunges to historic low

Rupee

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

Equities close bullish over better economic triggers

Pakistan Stocks Exchange

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