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
