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Web Desk
Feb 17, 2024

Pakistan’s clothing exports surge by over 10%

PBS unveiled data indicating a notable growth in textile and clothing exports for the second consecutive month in January.

Business

Web Desk
Feb 17, 2024

ECC’s GST hike sparks fears of surging car prices in Pakistan

This GST hike is expected to have notable repercussions for both the volume and revenue aspects of the automotive sector.

Business

Web Desk
Feb 16, 2024

Nike to cut over 1,600 jobs amid declining demand

Nike, the global sportswear giant, has revealed plans to trim approximately 2 per cent of its total workforce, equating to over 1,600 jobs.

Business

Web Desk
Feb 16, 2024

OGRA announces up to 9% reduction in RLNG rates

According to the updated rates, SNGPL will now charge $11.55/MMBtu and $12.49/MMBtu for distribution and transmission, respectively.

Business

Web Desk Shahzad Paracha
Feb 16, 2024

PAMA calls for reversal of 25% sales tax hike on locally manufactured cars

PAMA has urged the Caretaker Finance Minister to withdraw the 25 per cent sales tax increase on locally manufactured vehicles.

Business

Web Desk
Feb 16, 2024

PSX tumbles 1.88% amidst manufacturing setback

The KSE-100 index concluded Friday’s trading session at 59,872.96, experiencing a notable decrease of 1,147.10 points, or 1.88 per cent.

Business

Web Desk
Feb 16, 2024

PKR breaks winning streak, ends week at Rs279.36

Pakistani rupee (PKR) concluded its 13-week winning streak against the formidable US dollar (USD), settling at PKR 279.36 per USD.

Business

Web Desk
Feb 16, 2024

Weekly inflation falls by 0.78%

The Weekly Sensitive Price Indicator (SPI) for the Combined Group exhibited a modest 0.78 per cent decrease week on week (WoW) for the period ending February 15, 2024.

Business

Web Desk
Feb 16, 2024

Gold prices increase again in Pakistan

Analysts attribute the rise in gold prices to various factors, including inflationary pressures, fluctuations in currency values, and geopolitical instability.