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Wednesday, April 24, 2024

Lotte Chemical set to sell Pakistan unit for $156 million

KARACHI: Lotte Chemical Corporation (LCC), a South Korean chemical giant, inched closer to sell its subsidiary in Pakistan on Monday, with an announcement that...

Situationer: Challenges for Pakistan’s economy as dollars dry up

KARACHI: Thousands of containers packed with essential food items, raw materials and medical equipment have been held up at the Karachi Port as the...

Car sales plunge 44pc in December on import curbs

The passenger car sales dropped to 13,768 units in December 2022, against 24,471 units recorded in December 2021, as per data released by Pakistan...

WEF Global Risk Report 2023: Top 10 risks identified as biggest threats to Pakistan

ISLAMABAD: For the past 17 years, the World Economic Forum’s (WEF) Global Risks Report has warned about deeply interconnected global risks. Conflict and geo-economic...

Shares lose 416 points as forex reserves dwindle

Shares at the Pakistan Stock Exchange (PSX) fell on Monday, with analysts attributing that the sell-off to the country’s forex reserves dropping to dangerous...

POL prices likely to remain unchanged

ISLAMABAD: The government may leave ex-depot prices of petrol and high-speed diesel unchanged at current levels for the first half of January 2023. According to a...

Govt slashes petrol prices by Rs18.50; diesel by Rs40.54 per liter

ISLAMABAD, Jul 15 (TNS): The government on Thursday slashed prices of petrol by Rs18.50 per liter, which now would be sold at the rate...

Currency rates of NBP

KARACHI, Jul 04 (TNS): Following are the selling/buying rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Monday. CURRENCY SELLING BUYING USD 207.35...

Paymob and NIFT Sign Agreement to Securely Enable Digital Payments in Pakistan

Islamabad: Jun 29, 2022 (TNS): Islamabad– Paymob, the leading omni-channel financial services platform in the MENAP region, signed an agreement with National Institutional Facilitation...

Textile exports surge by 28.26% to $17.6 bln in 11 months

ISLAMABAD, Jun 17 (TNS):The exports of textile commodities surged by 28.26 percent during the first eleven months of the current fiscal year (2021-22) as...