Pakistan Committed to Successfully Completing Ongoing IMF Program

In a tweet Prime minister of Pakistan express about the telephonic conversation with MD IMF. MD IMF Ms. Kristalina Georgieva called to express her grief about the masses and material loss as a result of the recent flood devastation in Pakistan. She also reiterated her commitment to helping Pakistan in this difficult time. The prime [...]

“KIA Shahrah-e-Faisal” Is Shutting Down

KIA has announced in a press release that they will close their operation at the Shahrah-e-Faisal dealership from the 1st of January, 2023. They also announced the closure with the words “The only reason for the closure of KIA motors Shahrah-eFaisal Showroom was the expiry of our lease agreement with the landlord, which couldn’t be [...]

Temporary Shutdown Has Been Announced By Pakistan Suzuki

A notification was received from Pakistan Stock Exchange (PSX) from Pak Suzuki Motor Company (PSMC) with the following context, "Restrictions had adversely impacted clearance of import consignment, affecting inventory levels". "Therefore, due to a shortage of inventory level, the management of the company has decided to shut down its plant for the automobile as well [...]

Production Of Auto Parts Temporarily Halted In Pakistan

Pakistan Stock Exchange (PSX) received a notice from Balochistan Wheel Limited (BWHL)with the following context. “In furtherance to our earlier disclosure dated December 09, 2022, regarding the temporary closure of production activities due to a drop in our sales order from the OEMs [Original Equipment Manufacturers] owing to depressed demand of photos.” It extended with [...]

Pakistan Energy Sector Needs $155 Billion to Revive

In a recent report by Asian Development Bank, the situation of Pakistan’s energy sector was one of the magnified topics of the said region. The Asian development sector’s report described the transmission and distribution of energy in very poor conditions in Pakistan. Therefore, it is necessary to invest in this sector. The amount estimated to [...]

150+ Textile Companies Closed in 5 Months, Laying Off 2 Million Workers

Textile is the backbone of Pakistan's export, but the backbone is facing hardships. In the first 5 months of the year 2022, it was reported that about 150+ textile industries, including both weaving and spinning, closed. As a result of the closure, about 2 million+ people are directly affected by it. The mill owners blame [...]

Nishat Chunain: Textile Industry in Pakistan Partially Closes

A notification received from Nishat Chunain textile industry notified to Pakistan stock exchange, "51,360 spindles will be temporarily shut down (23.4% of the total) after one month. As soon as the market conditions improve," the company will restart the spindles." Nishat textile has 219,528 spindles and 2,880 rotors in its spinning division. It is also [...]

After His Abrupt Ouster, PCB Will Pay Ramiz Raja’s Pension

Ramiz Raja, a former PCB Chairman and cricketer, has asked the Pakistan Cricket Board to continue paying him a pension even after he has left his position as PCB Chairman. As a retired cricketer, the former captain of Pakistan is eager to exercise his claim to a pension from the Pakistan Cricket Board. Recent sources [...]

Naseem Shah Talks Funny With The New Zealand Captain During The Tense Chase

Naseem Shah, a prominent Pakistani bowler, has commented on the crucial moments in the second Test match in Karachi versus New Zealand. Abrar Ahmed was too cocky when entering the crease as the penultimate man, according to Naseem as he reflected on their critical partnership. The 19-year-old pacer continued by saying that Southee informed him [...]

Sania Mirza Will End Her Tennis Career Following The WTA 1000 Event Next Month

After the Dubai Tennis Championships, Indian tennis prodigy Sania Mirza, 36, will stop her professional career, which she began more than 20 years ago. In a recent interview with the Women's Tennis Association, one of the finest women's tennis players announced that she would retire next month (WTA). Sania, who has been battling with a [...]

Sui Southern Reports Record Profit of Rs. 2.263 Billion for FY21

A consolidated profit after tax of Rs. 2.263 billion was reported by Sui Southern Gas Company Limited (SSGC) for its fiscal year (FY) ended June 30, 2021. According to financial statistics, the government-owned company reported losses of Rs. 21 billion during the same period in FY20. FY21's top line was Rs. 317 billion, an increase [...]

Dollar, Euro, Pound, and Riyal exchange rates in Pakistan as of January 7, 2023

The US Dollar, Saudi Riyal, UK Pound Sterling, UAE Dirham, European Euro, and other foreign currencies' exchange rates in Pakistan's open market for January 7, 2022, are listed here (Saturday).   Currency        Symbol        Buying        Selling US Dollar ‎USD 234.15 236.65 Euro EUR 264.5 267 UK Pound Sterling [...]

Sugary Beverages Increase The Risk Of Baldness In Men

This was discovered in a Chinese medical study. Men who consumed large quantities of sugary beverages had an increased risk of going bald, according to research from the University of Tsinghua. The study evaluated hair loss and lifestyle choices using data from more than 1,000 individuals between the ages of 18 and 45. It was [...]

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