Business
Business
PK rupee takes a massive hit in the Interbank Market
After the unofficial cap was lifted, the rupee dropped against the US dollar in the interbank and open markets. In…
Adani Group Shares Slid 9%, after Hindenburg Research’s shocking findings
The shares of Adani Group plunged Wednesday after Hindenburg Research accused the Indian conglomerate of improper use of offshore tax…
Pakistani rupee falls although foreign exchange companies removing cap
The Pakistani rupee fell by 1.2% on Wednesday after foreign exchange companies removed a cap on the currency, saying it…
Honda Atlas announces new retail price of cars
Honda Atlas hiked the price of its CKD models due to the "uncertain economic conditions.". According to a notification issued,…
Dalda Foods IPO: Pakistan’s largest cooking oil manufacturer
The biggest cooking oil producer in Pakistan, Dalda Foods Limited, is preparing for an initial public offering (IPO) in the…
The gas crisis looms in Pakistan
Pakistan is expected to experience a heightened gas crisis in February after Italy-based LNG trading company ENI said it would…
Market foresees 150-200bps hike in SBP’s interest rate
The financial market expects the State Bank of Pakistan (SBP) to raise interest rates by 150 to 200 basis points…
Sindh Engro Coal Mining Company (SECMC) faces difficulties in opening LCs
Concerned that power supply from the Thar plant might be suspended if necessary machinery and equipment are not cleared. The…
Govt requests for IMF a review next week
Pakistan's government has requested the International Monetary Fund (IMF) to send the review mission to the federal capital next week.…