Cars’ sale drops 50% during July-August
The sale of cars during the first two months of the current financial year 2023-24 has dropped by 50.35 percent as compared to the same month of last year, a recent data released by Pakistan Automobile Manufacturing Association. According to the data, as many as 9,611 cars were sold during the months under review as…
Adil Aziz
Apple to sell made-in-India iPhones on launch day for first time
FOR the first time, the new iPhone model you buy on the launch day could be made in India Apple plans to make the India-built iPhone 15 available in the South Asian country and some other regions on the global sales debut day, people familiar with the matter said. While the vast majority of iPhone…
Pakistan, Azerbaijan discuss collaboration in diverse fields
Azerbaijan facilitates Pakistani tourists through an online visa which takes three hours Pakistan and Azerbaijan discussed collaboration in diverse fields including bilateral trade, energy and economic sectors, reiterating their resolve to further the existing relations between the two countries. The two sides, during a meeting between Caretaker Minister for Planning, Development and Special Initiatives Muhammad…
Dr. Zhumaliev invites Pakistani businessmen to explore partnership opportunities
Dr. Zhumaliev, a member of parliament and leader of the visiting Kyrgyzstan delegation invited Pakistani businessmen to visit his country to explore the avenues for partnership, investment, and joint ventures. Speaking to the business community in a meeting arranged by Meher Kashif Younis, Chairman Kyrgyzstan Trade House, he said Kyrgyzstan offers a diverse range of…
Out-sourcing of operations of Bulk and General Cargo Terminal East Wharf, briefing to cabinet
Ministry of Maritime Affairs submitted the summary regarding out-sourcing of operations of Bulk and General Cargo Terminal East Wharf at Karachi Port. Secretary Maritime Affairs briefed the meeting on the process of outsourcing of port terminal and earlier decisions of CCoIGCT in this regard. The CCoIGCT was apprised about the decisions of the then CCoIGCT…
Shipping giant Maersk taps investors for first green- bond sale
SHIPPING giant AP Moller-Maersk is selling US dollar-denominated green bonds for the first time ever, the latest company to test investor appetite in a market challenged by political pressure. The Copenhagen-based company is selling the bonds maturing in 10 years, according to a person with knowledge of the matter. The offering may yield 1.9 percentage…
PSX wins ‘Best Islamic Stock Exchange Award’ for third consecutive year
The Pakistan Stock Exchange (PSX) has been awarded the ‘Best Islamic Stock Exchange Award 2023’ by Global Islamic Finance Awards (GIFA). “This is the third consecutive year in which PSX is being awarded this prestigious accolade,” a PSX press release said. GIFA is an internationally acclaimed platform recognizing excellence in banking and finance in the…
Ministry of Commerce hosts crucial discussion between Federal Minister Dr. Gohar Ejaz and US delegation to boost investment in EV Sector, Semiconductors and AI by Pakistani diaspora
The Ministry of Commerce is delighted to announce a fruitful meeting between the Federal Minister of Commerce, Dr. Gohar Ejaz, and a high-level US delegation to explore avenues for increased investment in Pakistan’s burgeoning Electric Vehicle (EV), semiconductor, and Artificial Intelligence (AI) sectors by the Pakistani diaspora. During the meeting, Federal Minister Dr. Gohar Ejaz…
Rupee on recovery path; gains Rs 1.78 against US Dollar
Corrective measures taken by the government have started yielding results as the Pakistani Rupee on Monday (Sept 11) gained Rs 1.78 against the US dollar in the Inter bank trading and closed at Rs 301.16 against the previous day’s closing of 302.94. However, according to the Forex Association of Pakistan (FAP), the buying and selling…
Omi Hospital and Jubilee Life Insurance Join Hands to Elevate Healthcare Access
OMI Hospital, a renowned healthcare institution based in Karachi, and Jubilee Life Insurance, Pakistan’s largest private sector insurance company, are pleased to announce their strategic partnership. Under this partnership, OMI Hospital extends an array of exclusive privileges to Jubilee Health Insurance members, including discounts on Outpatient Services (OPD), Emergency Room (ER) consultations, radiology services, laboratory…