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Business

Web Desk
Sep 01, 2024

PSX August recap: IMF, privatisation, and forex reserves in focus

On the final trading day of August, the PSX continued its positive momentum for a second consecutive session, with 138.55 points gain.

Business

Web Desk
Mar 05, 2024

KIBOR witnesses notable drop amidst lower inflation

The Karachi Interbank Offered Rate (KIBOR) experienced a significant drop in response to the recently unveiled CPI-based inflation figures.

Business

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
Jan 02, 2024

Pakistan’s machinery imports surge by 6.36%: PBS report

Tthere has been a notable surge of 6.36 per cent in imports within the machinery group, as disclosed by the Pakistan Bureau of Statistics.

Business

Web Desk
Dec 14, 2023

PTCL seals Rs108 billion deal to acquire Telenor Pakistan in telecom sector mega merger

In a significant consolidation within the telecom sector, Pakistan Telecommunication Company Limited (PTCL) has finalised a Share Purchase Agreement (SPA) with the shareholders of Telenor Pakistan (Private) Limited (TPL) for the acquisition of 100 per cent shares at the value of Rs 108 billion ($385 million).

Business

Web Desk
Oct 20, 2023

Here’s how much Pak Suzuki earned in three months

In the third quarter of 2023, PSMC’s sales amounted to Rs29.9 billion, marking a modest year-on-year increase of 0.38 per cent.

Technology

Web Desk
Oct 19, 2023

Nokia to cut 14,000 jobs due to poor sales performance

On Thursday, Nokia, the renowned phone manufacturer, revealed plans to slash up to 14,000 jobs as part of a cost-cutting strategy.

Business

Web Desk
Oct 19, 2023

Pak Suzuki announces exit from stock market due to declining profits

In a recent announcement to the Pakistan Stock Exchange, Pak Suzuki revealed that its Board of Directors has made a decision to exit PSX.

Business

Web Desk
Oct 18, 2023

Inventory shortages force Pak Suzuki to halt car production

In a recent development, Pak Suzuki Motor Company (PSMC) has issued a notice to the Pakistan Stock Exchange (PSX) regarding the temporary closure of its automobile production plant.

Business

Web Desk
Oct 17, 2023

Pakistan stock market surges past 50,000 points after six-year hiatus

In a remarkable turn of events, the Pakistan stock market surged with formidable momentum on Tuesday, crossing the significant benchmark of 50,000 points for the first time in six years and five months.