Tag: Breaking News

Pak Suzuki Suspends Production For Three Days
Economy

Pak Suzuki Suspends Production For Three Days

Pak Suzuki suspends production for three days Suzuki Motors announced on Thursday that it will halt production for three days. The car group announced the operation of the car factory will stop from 24 October to October 26, 2022. Islamabad IT Park gets NOC from MoIT The State Bank of Pakistan (SBP) has introduced a […]

PSX Will Suspend Trading GTECH
Economy

PSX Will Suspend Trading GTECH

PSX will suspend trading GTECH upon merger with GCIL The Pakistan Stock Exchange (PSX) has informed all interested parties that the trading of G3 Technologies Limited (GTECH) shares on the Ready Board will be suspended from Thursday 03 November 2022 for the claim to the shares of Ghani Chemical Industries Limited (GCIL). Lahore High Court […]

PSX Will Suspend Trading GTECH
Economy

GTECH Shareholders Will Receive 0.3 Shares of GCIL

GTECH shareholders will receive 0.3 shares of GCIL Based on the proposed merger between GTECH and GCIL, the SWAP ratio is 0.30 shares of GCIL for each share of GTECH, as described by GTECH. Tax Up to 500% On Imported Cars to Protect Domestic Industry The right to issue GCIL shares to GTECH shareholders is […]

Tax up to 500% on imported cars to protect domestic industry
Economy

Tax Up to 500% On Imported Cars to Protect Domestic Industry

Tax up to 500% on imported cars to protect domestic industry Pakistan has increased tariffs and protective taxes by up to 500% to demoralize the flow of imported cars, which it believes makes local manufacturers less competitive while promoting their monopoly. The meeting, chaired by committee chairman MNA Noor Alam Khan, strongly recommended a review […]

K-Electric requests for huge reduction in bills
Economy

K-Electric Requests For Huge Reduction in Bills

K-Electric requests for huge reduction in bills K-Electric has submitted an application to the National Electricity Regulatory Agency (NEPRA) to reduce electricity rates by PKR 4.622 per unit for September 2022, announced on Tuesday. As per details, K-Electric has proposed a reduction of PKR 4.622 per unit while adjusting fuel costs for September. This will […]

Interloop earnings jump 85% in Q1 2023
Economy

Interloop earnings jump 85% in Q1 2023

Interloop earnings jump 85% in Q1 2023 Interloop Limited (ILP), a textile and apparel export company, posted a profit of Rs 4.96 billion in the first quarter of fiscal year 2022-23, beating industry expectations. According to the company’s financial results, profit increased by 85 percent compared to Rp 2.69 billion recorded in the same period […]

Maple Leaf profits 2.2 Times Despite Higher Coal Prices
Economy

Maple Leaf profits 2.2 Times Despite Higher Coal Prices

Maple Leaf profits 2.2 times despite higher coal prices Maple Leaf Cement Factory Limited (MLCF) profitability increased 2.2times in the first quarter of fiscal year 2023 despite higher coal prices and less sales, the company said in a filing. First UDL Modaraba Fully Merged with UDLI Company share price gains 73 paisa or 2.63% after […]

Karachi Milk Sellers Increased Milk Prices Once Again
Economy

Karachi Milk Sellers Increased Milk Prices

Karachi Milk Sellers increased milk prices once again Karachi’s profiteering milk sellers have arbitrarily increased the price of milk by 20 rupees per liter overnight. Citizens say that the district government should ensure the implementation of its decisions. First UDL Modaraba Fully Merged with UDLI After the increase in milk prices a few months ago, […]

Prime Minister worried about rising food imports
Economy

Prime Minister Worried About Rising Food Imports

Prime Minister worried about rising food imports Prime Minister Shehbaz Sharif said Sunday the country’s dependence on food imports had increased as a result of recent devastating floods that have destroyed millions of areas of ready crops. Ishaq Dar Hopes Pakistan Will Soon Be Removed From FATF Gray List The prime minister said in a […]