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Business
Auto sector posts lowest sales since Covid
KARACHI: Pakistan’s automotive industry has suffered yet another setback as the country recorded its lowest monthly car sales in…
Forex reserves fall by $74m to $4.4b
KARACHI: The foreign exchange reserves held by the central bank fell by 1.7% on a week-on-week basis to $4.4 billion, according to…
Internet suspension results in Rs820m loss
KARACHI: The suspension of mobile broadband services in Pakistan due to political escalation has caused significant financial…
Remittances dip in wake of holidays
KARACHI: In line with market expectations, the flow of workers’ remittances slowed down 13% month-on-month to $2.21 billion in…
Rs9.2tr new tax target likely
ISLAMABAD: The federal government has planned to fix the new tax target at Rs9.2 trillion amid disclosure by the Reforms and…
Panasonic sees high profit on robust battery sales
TOKYO: Japan’s Panasonic Holdings Corp on Wednesday said it expects net profit to rise to a record high this year on robust auto…
Envoy for sustainable veg oil production
FAISALABAD: An international seminar focused on “Sustainable Production of Healthy Vegetable Oils: Policies and Practices to…
Pakistan plans Russian-Saudi oil ‘cocktail’
WASHINGTON/SINGAPORE: Pakistan is planning to blend newly purchased Russian crude with Arabian light crude in order to create a…
Rupee hits record low, gold soars
KARACHI: Pakistan’s capital markets made headlines on Wednesday as the country’s domestic currency, the rupee, plummeted to a new…
ECC approves 21% hike in rates of cardiac stents
ISLAMABAD: The government on Monday approved up to 21% increase in the prices of lifesaving cardiac stents and also sanctioned…