HeadlinesAmerican firm chosen as financial advisor for Roosevelt Hotel privatization
Financial challenges prompt privatization decision for PIA-owned property located in a prime area of New York
Dec 2, 2023
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HeadlinesGoods exports reach $2.57bn in November, marking third consecutive monthly increase
Notably, imports witnessed a significant drop of 31 percent in Fiscal Year 2023, totaling $55.29 billion compared to $80.13 billion in Fiscal Year 2022
Dec 2, 2023
HeadlinesBank deposits soar to record high of Rs25.6tr despite YoY deceleration: Report
In terms of value, 52 percent of conventional banking and 63 percent of Islamic banking deposits are eligible for deposit protection
Dec 2, 2023
HeadlinesMonthly Insights: PSX gains 16.59%, attracts $34.5 million foreign inflows in November
The KSE-100 index has gained 46.02% in the fiscal year and 49.75% in the calendar year, making it one of the top-performing markets worldwide
Dec 1, 2023
HeadlinesKSE-100 index closes above 61,000 level on strong market performance
The benchmark index gains 1159.98 points or 1.92% to close at 61,691.25 points.
Dec 1, 2023
HeadlinesFBR surpasses IMF target, collects Rs736bn in first five months of FY24
The Federal Board of Revenue now faces the task of collecting Rs5,931 billion in the remaining seven months to meet the targeted tax collection of Rs9,415 billion by June 30, 2024
Dec 1, 2023
HeadlinesExporters worried as Afghanistan raises kinnow customs duty by 43.5pc
Potential impact on local farmers and market prices raises alarm amongst kinnow exporters
Dec 1, 2023
HeadlinesSBP's Forex reserves increase by $77m to $7bn
Saudi Arabia's $3 billion deposit extension boosts the forex reserves, alleviating debt repayment pressure
Dec 1, 2023
HeadlinesPak Suzuki temporarily halts motorcycle plant operations
Suzuki’s motorcycle facility has previously undergone nine plant shutdowns this year— for a total of 133 calendar days
Dec 1, 2023
HeadlinesInterloop acquires 64% stake in US firm Top Circle Hosiery Mills
Acquisition is part of Interloop's strategy to enhance its shareholders' value, strengthen its position in the global market, and contribute to its long-term sustainability.
Dec 1, 2023
HeadlinesFBR resolves payment dispute, unblocks PIA's bank accounts
The decision to unblock accounts came after the PIA's management assured the tax authorities of settling all outstanding dues
Dec 1, 2023
HeadlinesDiesel price reduced by Rs7 per litre, Petrol rate remains unchanged
The new ex-depot prices of HSD, kerosene and light diesel oil would be Rs289.71, Rs201.16 and Rs175.93 per litre, respectively.
Dec 1, 2023