Dewan Group set to launch KIA cars separate from Lucky Motors Â
LAHORE: In a surprising notification on the Pakistan Stock Exchange (PSX), Dewan Farooque Motors Limited has announced that they have entered into...
U Microfinance Bank records profit of Rs1.2bn, driven by reversing provisioning
LAHORE: In the midst of uncertain macroeconomic conditions, telecom operator Ufone’s microfinance bank has managed to record a profit of Rs1.2 billion...
Suzuki joins in as motorbike prices go berserkÂ
LAHORE: Pak Suzuki Motor Company has followed suit after Atlas Honda and Yamaha increased the prices of their entire portfolios earlier this...
Digital freedom under threat again
LAHORE: On Tuesday, the federal government tried to quietly pass an amendment that would grant the Federal Investigation Agency (FIA) unprecedented power...
Textile industry, global brands discuss achieving net-zero
LAHORE: A delegation of Pakistani textile manufacturers met global brands like H&M and Gap to explore solutions to boost supply chain resilience...
Yamaha increases motorcycle prices for seventh time in 2022
LAHORE: Yamaha Motor Pakistan has announced its seventh price increase for 2022. The new prices are as follows:Â
On average, Yamaha’s prices have...
Rift between govt, fertiliser industry grows after scathing letter
A rift is growing between the federal government and fertiliser manufacturers after the industry banded together to write a scathing letter to...
Suzuki records records Rs2.4bn loss in Q3CY22
LAHORE: Pak Suzuki Motor Company (PSMC) released its nine month financials for the period ending September 30 on Wednesday. According to the...
Fitch cuts Pakistan’s sovereign credit rating to ‘CCC+’ from ‘B-’
ISLAMABAD: Global ratings agency Fitch cut Pakistan’s sovereign credit rating on Friday by a notch to ‘CCC+’ from ‘B-’, citing further deterioration...
Pakistani fintech company Keenu to be acquired by Saudi Arabia-based Hala
LAHORE: Pakistani fintech company Keenu, known for its merchant acquiring business for card payments, is in the process of getting acquired at...
Pakistan’s troubles justify slump in bond prices: JPMorgan
ISLAMABAD: Investment bank JPMorgan has called the slump in Pakistan’s bonds to just a third of their face value justified, following the...
Pakistan seeks billions of dollars in new loans after floods: report
LAHORE: Pakistan will ask international lenders for billions of dollars in loans after devastating floods exacerbated the country’s economic crisis, the Financial...
Jazz becomes first company to introduce late payment fee
ISLAMABAD: Jazz, the country’s largest cellular mobile operator, has recently imposed a late payment fee (LPF) equivalent to 5 per cent of...
Pakistan seeks rescheduling of $27bn in bilateral debt
WASHINGTON: Pakistan's new finance minister, Ishaq Dar, told Reuters on Friday that he will seek rescheduling of some $27 billion worth of...
Four wheeler sales witness worst start to fiscal year in 5 years
LAHORE: The Pakistan Automotive Manufacturers Association (PAMA) on Wednesday released their members’ sales figures for the month of September. Looking at just...