Similarly, sales were up by 22.64 percent compared to July 2024, when 84,993 units were sold. According to the Pakistan Automotive Manufacturers Association (PAMA), sales in the first two months of FY25 (July and August) hit 189,227 units, which is 16.87 percent higher than the 161,906 units sold in the same period last year. In […]
The greenback closed at Rs 278.61 against the previous day’s closing of Rs 278.70. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.85 and Rs 280.45 respectively. The price of the Euro decreased by 70 paise to close at […]
As per details, DISCOs overbilled power consumers with Rs8.44bln to cover their line losses. The Hyderabad Electric Supply Company (HESCO) did an overbilling of Rs1.73bln, while the Peshawar Electric Supply Company (PESCO) did an overbilling of Rs2.39bln. The report also unveiled overbilling of over Rs3bln in Lahore and Islamabad Electric Power Supply Companies. FESCO, GEPCO, […]
He was responding to a call attention notice moved by PPP’s Asifa Bhutto Zardari in the National Assembly. Ms. Bhutto in her call attention notice stated that the closure of Utility Stores Corporation will result in the unemployment of 25,000 employees. The minister said we are only talking about restructuring the organization. He said the […]
According to China’s General Administration of Customs, overseas shipments expanded 8.7 percent on-year last month, picking up speed from 7.0 growth in July. The reading was also much better than the 6.6 percent forecast in a Bloomberg survey of analysts. The figures will provide a little encouragement to leaders, who have this year sought to […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.85 and Rs 280.35 respectively. The price of the Euro decreased by Rs 1.37 to close at Rs 308.21 against the last day’s closing of Rs 309.58, according to the State […]
Hero MotoCorp-backed Ather is India’s fourth-largest e-scooter maker by market share and is aiming to list in a booming stock market where 200 companies have raised more than $7 billion through IPOs this year, per LSEG data. Ather Energy is selling new shares worth 31 billion rupees in the IPO, draft papers filed with the […]
During the virtual talks with the IMF, Pakistan authorities shared the plan of an additional 100 billion rupees increase int eh circular debt in the power sector during the current fiscal year. Sources indicate that by June 2025, the circular debt in the power sector is expected to surpass Rs 2,550 billion. Currently, the circular […]
According to the Fund’s website, the IMF schedule of the executive board meeting is set to be held on September 9, 13 and 18 but to take Pakistan’s 37-month Extended Fund Facility Arrangement (EFF) of about $7 billion on the agenda is not included. Pakistan and the IMF reached an agreement on the 37-month loan […]
West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel by 0146 GMT. Brent crude futures were up 99 cents, or 1.39%, at $72.05 a barrel. Analysts said the bounce was partly a reaction to a potential hurricane in the U.S. Gulf Coast. A weather system in the southwestern Gulf of Mexico […]
