Rupee falls in open market after exchange cap removal
Dollar closes at 243 in open market. Interbank sees meagre change. Rupee falls in open market after exchange cap removal….
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State Bank withdraws condition of prior approval for imports
SBP directs banks to prioritise import of certain essential items. State Bank withdraws condition of prior approval for imports. The…
Pakistan will pay for Russian energy purchases in currency of friendly countries
Both sides have agreed to work on a “Comprehensive Plan for Energy Cooperation”. Pakistan will pay for Russian energy purchases…
PSX gains 44 points, closes at 38,831 points
A total of 157,822,378 shares were traded during the day. PSX gains 44 points, closes at 38,831 points. The 100-index…
Pak Suzuki extends plant closure on inventory shortages
Millat Tractors to resume production from Monday. Pak Suzuki extends plant closure on inventory shortages. Pak Suzuki Motor Company (PSMC),…
Car sales plunge 44% in December on import curbs
December 2022 sales of PAMA members decrease by 11%. Car sales plunge 44% in December on import curbs. Passenger car…
OGRA drops gas bomb: Tariff hiked up to 74% from July 2022
Gas tariff increased on SNGPL, SSGC pleas filed in November 2022. OGRA drops gas bomb: Tariff hiked up to 74%…
Commercial banks refuse to issue letters of credit to edible oil importers
Edible oil importers, ghee manufacturers told their LoCs can’t be opened at interbank exchange rates. Commercial banks refuse to issue…
Trade deficit narrows to $17.13bn as imports dip
Import-export gap recorded at $25.44bn in FY22. Trade deficit narrows to $17.13bn as imports dip. Pakistan’s trade deficit shrinks 32.65%…
Saving energy: Markets to shut down by 8:30pm, wedding halls 10pm
We need to change our lifestyle; Defence Minister Khawaja Asif says in unveiling of final energy conservation plan. Saving energy:…