Business
Business
Political, economic uncertainty dragged PSX down 1,378 points
During intraday trade, the KSE-100 index of the Pakistan Stock Exchange (PSX) slumped by over 3.4%, approximately 1,348 points. The…
Lucky Core buys Lotte Chemical Pakistan
Lucky Core Industries (Previously ICI Pakistan) acquired Lotte Chemical Pakistan for Rs31.29 per share, totaling Rs 35.5 billion. Faisal Abid,…
Barrick Gold plans Reko Diq output for 2028.
Barrick Gold Corporation president and CEO Mark Bristow announced Monday that the company will complete the Reko Diq feasibility study…
Higher growth crucial for mounting productivity: study
An increase in Total Factor Productivity (TFP) is a crucial determinant of an economy's growth. Therefore, it must be pushed…
SBP to increase interest rate by 100-200bps
The brokerage firm survey indicates the State Bank of Pakistan (SBP) is projected to increase interest rates between 100 to…
Toyota Pakistan increase cars prices
Indus Motor Company (IMC), Toyota Pakistan, increased CKD vehicle costs from Rs280,000 to Rs1,210,000. In a notice, Toyota Pakistan informed…
Inventory shortage, Pak Suzuki extends plant closure
Due to inventory shortages, Pak Suzuki Motor Company (PSMC), a leading automaker, has extended its closure until January 20. Since…
SBP issues 5 NoCs for Digital Banks
The State Bank of Pakistan (SBP) issued a No Objection Certificate (NOC) for five applicants for digital banks in Pakistan…
Pak Banks wary of LCs threaten food supply
Despite the State Bank of Pakistan's (SBP) import facilitation directives, banks are hesitant to open letters of credit (LCs) for…