The top automaker in Pakistan, Indus Motor Company (IMC), declared a three-billion rupee investment to boost local production of parts and components for its Toyota-badged automobiles. The company, which is a joint venture between Toyota Motor Corporation and House of Habib, stated that the investment was a part of its effort to lessen its reliance […]
The cabinet meeting, chaired by Prime Minister Kakar, ratified decisions taken in the ECC meeting. The Economic Coordination Committee (ECC) approved Rs 7,492.75 million proposed for subsidy in account of Ramazan Relief Package 2024 to the targeted beneficiaries of the Benazir Income Support Programme (BISP), which is provided for in the budget for 2023-24. The […]
A profit of Rs21.54 billion was declared by Askari Bank Limited (PSX: AKBL) in 2023, a 54.2% rise from the year before. This indicates that they made more money than they did previously. The directors of the bank have agreed to distribute a final cash dividend to the shareholders in the amount of Rs2.5 per […]
In order to collaborate with Saudi Arabia’s Aramco on the development of a state-of-the-art refinery and petrochemical complex in Pakistan, Pakistan State Oil (PSO) has sent an invitation to Sinopec, a significant Chinese energy giant. It is possible that this project may be included in the China-Pakistan Economic Corridor (CPEC). The President of Sinopec received […]
Irfan Junejo, a well-known influencer, has prepared the ground for a shocking disclosure that might alter Karachi’s investment environment. Junejo is well-positioned to provide what he considers to be the greatest investment opportunity for Karachi, a thriving metropolis, thanks to his astute vision and years of experience working with many national and international businesses. As […]
Samsung ended the year with a 19.4% share, followed by China’s Xiaomi, Oppo, and Transsion, preliminary data from IDC’s Worldwide Quarterly Mobile Phone Tracker showed. The change in ranking comes after a tough year that saw consumers going slow on smartphone upgrades and choosing cheaper handsets due to high inflation and economic uncertainties. A slower-than-expected […]
The revised forecast was approved by the cabinet on Wednesday as part of the government’s annual economic report, government sources said. Economy Minister Robert Habeck is scheduled to give details later in the day. Europe’s largest economy shrank by 0.3% in 2023 and is broadly expected to enter another technical recession in the first quarter […]
He was talking to a delegation of Miracle Salt Collective Inc. which called on Caretaker Prime Minister Anwaar-ul-Haq Kakar here. During the meeting, the prime minister hoped that the salt export from the country would increase after the signing of a joint venture between Pakistan Mineral Development Cooperation (PMDC) and Miracle Salt. He said it […]
According to a recent leak from a reputable source on the X platform, Apple’s upcoming iPhone 16 Pro and iPhone 16 Pro Max are set to introduce two never-before-seen color options. These new colorways, dubbed Desert Yellow/Desert Titanium and Cement Gray/Titanium Gray, promise to add a fresh aesthetic to the popular iPhone lineup. The leak […]
The signing ceremony was witnessed by the minister for power and petroleum, the secretary (Petroleum Division), the secretary SIFC, and the heads of consortium entities. The pipeline project, an initiative of the Petroleum Division and the SIFC, aims to complement the oil pipeline backbone from Karachi to Peshawar. Additionally, it aims to facilitate the energy-efficient […]
