The Pakistani rupee extended its marginal gains against the US dollar on Tuesday, closing at Rs277.61 in the interbank market. The local currency gained one paisa compared with Monday’s closing rate of Rs277.62
Category: Business
Pakistan Plans New Automotive Zone at Port Qasim
Pakistan is planning a major automotive zone at Port Qasim in Karachi as part of efforts to strengthen vehicle trade, improve logistics and increase foreign exchange earnings. Federal Minister for Maritime Affairs Muhammad
Tata Group Shares Fall After Chandrasekaran Exit
Shares of major Tata Group companies came under pressure on Wednesday after N. Chandrasekaran announced that he would not seek another term as chairman of Tata Sons. His decision has introduced fresh uncertainty
Transport Strike Puts Pakistan Textile Sector at Risk
The Pakistan textile sector has warned that a nationwide transporters’ strike could seriously disrupt textile production and export shipments, urging Prime Minister Shehbaz Sharif to intervene
Muhammad Ali Malik Appointed SBP Deputy Governor
The federal government has appointed Muhammad Ali Malik as Deputy Governor of the State Bank of Pakistan (SBP) for a five-year term, effective immediately. The appointment comes at an important time for Pakistan’s central bank
Iran Condoles Quetta Mine Tragedy Victims
The Quetta Mine Tragedy has drawn condolences and messages of solidarity from around the world, with the Embassy of the Islamic Republic of Iran in Islamabad expressing deep sorrow over the devastating mining
DISCO Privatisation Moves Forward with FESCO, GEPCO and IESCO
Pakistan’s DISCO privatisation programme has taken another significant step as the Privatisation Commission Board recommended restructuring plans for three major state-owned electricity distribution companies
Gold Prices in Pakistan Rise as Global Market Strengthens
Gold Prices in Pakistan climbed sharply on Monday, reflecting a strong upward trend in the international bullion market. The price of gold per tola increased by Rs4,000 to reach Rs431,736, while the price of 10 grams rose
Oil Tanker Industry Reforms: Government Forms Committee to Resolve OTCA Concerns
Oil Tanker Industry Reforms have taken a significant step forward after Federal Minister for Petroleum Ali Pervaiz Malik announced the formation of a high-level committee to address the long-standing concerns of the Oil Tanker Contractors Association (OTCA).