Alto 660cc set to get up to Rs150,000 costlier

LAHORE: Pak Suzuki Motor Company (PSMC) is all set to increase the price of Alto 660cc by Rs100,000 to Rs150,000 from August...

After tower sharing agreement, Edotco and Zong partner for 4G coverage

Edotco Pakistan Private Limited (edotco Pakistan) on Friday signed a long-term agreement with Zong 4G to collaborate on multiple projects that would...
Govt grapples with dollar crunch to buy oil amidst pending syndicated financing

Currency dealers hold back on dollar sales

Currency dealers are buying dollars in the range of Rs 275-280 but are not willing to sell 

Owners of Getz Pharma finalise deal to acquire Mitchell’s Fruit Farms

Getz Pharma was not mentioned in the announcement made by Mitchell's on November 20, 2019; no details shared with PSX and shareholders yet

Rupee down by another Rs4.6 against dollar in interbank market, hits Rs147

Ibrahim Moosa for Mettis Global told Profit, "The Pakistani rupee is expected to depreciate against the US dollar further and the market expectation is at around Rs147-148."

Hakim Said’s granddaughter takes charge of Hamdard

Fatema Munir Ahmed will serve as the new managing director and CEO of Hamdard Pakistan KARACHI: Fatema Munir Ahmed — granddaughter of Hakim...

Nestlé inaugurates $22m manufacturing plant in Sheikhupura

Punjab Governor Chaudhry Mohammad Sarwar inaugurated a state-of-the-art manufacturing plant at Nestlé Pakistan's Sheikhupura Factory. The production capacity of the Nestlé Fruita Vitals...

OBS Pakistan amalgamates AGP with AitkenStuart

It is pertinent to mention that rumours had been circulating that OBS Pakistan was going through major restructuring and this acquisition by Searle comes as a surprise for the market.

Business community demands aggressive crackdown against dollar mafia

'SBP should devise guidelines for local currency dealers so that only genuine buyers can buy dollars from the open market' ISLAMABAD: The business...

Pakistan’s Airlift secures $12m in Series A financing

Airlift, a Pakistan-based decentralised mass transit system, has secured $12 million in Series A financing. The round was led by First Round...

Huawei applies to trademark its own operating system after US ban

LIMA/SHANGHAI: China's Huawei has applied to trademark its "Hongmeng" operating system (OS) in at least nine countries and Europe, data from a...

PSX honours three Pakistani companies for inclusion in Forbes ‘Asia’s Best Under A Billion’ list

ISLAMABAD: The Pakistan Stock Exchange (PSX) held a gong ceremony on Monday to honour the achievements of three listed companies based in...

Bonanza Satrangi migrates eCommerce from Magento to Shopify

The eastern apparel challenger brand made the transition to acquire better technical support, remove downtime, and launch two interactive shopping experiences.

Govt urged to give clear policy on dollar

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has sought a clear policy statement from the government on the price of the...

Swvl expands its app-based bus hailing service to Rawalpindi, Islamabad

Weeks after launching its service in Lahore, Swvl, the Dubai-headquartered bus-hailing pioneer, is expanding its service to Islamabad and Rawalpindi. Swvl will be...