Auto sales surged by a whopping 55% during the fiscal year 2021-22, however, growth is seen moderating as borrowing costs rise and as parts markers struggle to meet demand, The News reported. Arif Habib Limited in its commentary noted that the yearly auto sales reached an all-time high of 279,700 units (+55% year-on-year) during FY22. مزید پڑھیں

Two Japanese firms — Itoki Corporation and Koyoju Gohan KK — are collaborating to bring vertical “nap boxes” to the country in order to promote a healthier office culture, Bloomberg reported. The collaboration between arose from a business-matching event at which Tokyo-based Itoki, a furniture specialist, met plywood supplier Koyoju Gohan from Hokkaido. On Thursday, مزید پڑھیں

After striking a staff-level agreement with the IMF, Pakistan has made plans to generate approximately $9 to $10 billion in loans from other multilateral creditors, including the World Bank, Asian Development Bank and Islamic Development Bank through programme and project lending during the current fiscal year. The revival of the IMF programme will pave the مزید پڑھیں

The rupee lost over Rs2 against the dollar during interbank trade on Wednesday with analysts and currency dealers attributing it to fears over the delay in the finalisation of an agreement with the International Monetary Fund (IMF). According to the State Bank of Pakistan (SBP), the local currency depreciated by Rs2.19, or 1.04 per cent, مزید پڑھیں

The Pakistan Stock Exchange (PSX) opened the short trading week — after a five-day-long Eid ul Adha holiday — in the green with a gain of over 500 points. The market players assumed fresh positions in hopes of revival of the stalled International Monetary Fund (IMF) programme which will provide a much-needed breather to the مزید پڑھیں

Prime Minister Shehbaz Sharif on Tuesday summoned a summary from the Ministries of Finance and Petroleum recommending a reduction in the price of petroleum products after the oil price decreased in the international market. The PM summoned a summary for a reduction in the oil prices while chairing a meeting at the PM Office. The مزید پڑھیں

As citizens continue to brave hours-long load shedding in the country, National Electric Power Regulatory Authority (NEPRA) approved a hike in electricity prices. According to NEPRA, approval for an increase of Rs1.55 per unit has been given on account of quarterly adjustment for the last financial year. “Summary to increase electricity charges has been sent مزید پڑھیں

Despite the appreciation of the Pakistani rupee against the US dollar, the gold price in Pakistan extended gains on Friday. The price of the precious commodity rose by Rs200 per tola and Rs172 per 10 grams to settle at Rs142,200 and Rs121,914, respectively. A day earlier, the precious commodity closed at Rs142,000 per tola and Rs121,742 مزید پڑھیں

In line with the market expectation, the State Bank of Pakistan (SBP) on Thursday aggressively raised the benchmark interest rate by a massive 125 basis points to 15% — the highest since November 2008. The rate hike came as the coalition government is trying hard to revive the much-awaited International Monetary Fund (IMF) for the مزید پڑھیں

The federal government, once again, jacked up the price of petroleum products on Thursday for the next fortnight, putting an additional burden of nearly Rs15-18 per litre on the masses. The Finance Division, in its notification, said that in view of the fluctuations in petroleum prices in the international market and exchange rate variation, the مزید پڑھیں