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Reuters
May 14, 2024

Pakistan unveils broader privatisation plan for SOEs

The announcement comes a day after the IMF mission opened talks in Islamabad for a new long-term EFF following Pakistan’s completion of a $3 billion standby arrangement last month.

Business

Web Desk
May 14, 2024

Stock market likely to build on yesterday’s positive momentum

Today (Tuesday), the index opens at Monday’s closing of 73,799.11 points. Yesterday (Monday), the index reached an intraday high of 74,114.23 points, representing a gain of 1,028.73 points, while the lowest for the day stood at 73,109.76 points.

Business

DW
May 14, 2024

Emirates Group logs record profits of $5.1 billion

Emirates Group’s airline business alone returned $4.7 billion, up 63 per cent, while its airport services company Dnata also saw profits more than quadruple to $400 million.

Business

Web Desk
May 13, 2024

Pakistan sees dramatic surge in car sales for April

Compared to the same period last year, car sales surged by a remarkable 2.35 times, with 10,515 units sold, contrasting sharply with the 4,483 units recorded previously.

Business

Web Desk
May 13, 2024

PAMA reports notable surge in motorcycle sales

Motorcycle and three-wheeler sales in Pakistan surged by 31 per cent year-on-year in April 2024, totaling 107,590 units.

Business

Web Desk
May 13, 2024

Suzuki introduces two-tone exterior option for Swift GLX CVT

Suzuki has recently unveiled a new addition to its Suzuki Swift lineup, offering a two-tone exterior option for its popular hatchback model.

Business

Web Desk
May 13, 2024

PSX closes in green as KSE-100 gains over 700 points

Pakistan’s stock market continued its upward trend on Monday, as the KSE-100 index surged by 713.61 points, marking a significant increase of 0.98 per cent to close at 73,799.11 in the first trading session of the week.

Business

Web Desk
May 13, 2024

Interbank closing: PKR loses seven paisa against USD

In Monday’s interbank trading session, the Pakistani rupee (PKR) experienced a slight depreciation against the US dollar (USD).

Business

Web Desk
May 13, 2024

Fiscal year 2024-25 budget likely to be presented on June 7

Sources said that the estimate for tax revenue is over Rs 11,000 billion, with direct taxes expected to contribute Rs 5,300 billion and federal excise duty expected to contribute Rs 680 billion.