Top News
Pakistan Autos: Car sales rose by 24% YoY and 18% MoM in Sep 2024
KARACHI, October 10 2024: Car sales in Pakistan clocked in at 10,297 units in Sep 2024, reflecting a 24% YoY and 18% MoM increase in sales, as reported by PAMA. The increase in car sales is driven by a backlog of Suzuki cars which were delivered this month. This takes 1QFY25 sales to 27,585 units…
Dagha urge bold rate cut to stimulate private sector amid single-digit inflation
KARACHI, October 10 2024: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani and Chairman Policy Research & Advisory Council (PRAC) Mohammad Younus Dagha have advised the Central Bank to reduce the policy rate by at least 300 basis points in the next Monetary Policy Committee (MPC) meeting in line with a notable…
Saudia unveils first and business class check-in lounge at Jeddah Hub passengers
Saudia Arabia, October 10 2024: The national flag carrier of Saudi Arabia, has recently announced the inauguration of its new First and Business Class Check-In Lounge at Terminal 1 of King Abdulaziz International Airport in Jeddah. This state-of-the-art facility is designed to enhance the travel experience for Saudia’s premium guests, including travellers from Pakistan, as…
Pakistani IT exporters eye Singapore’s market
KARACHI, October 10 2024: Pakistani IT companies exporting IT and IT-enabled services are exploring their potential in one of Singapore’s emerging markets to enhance the country’s penetration and exports in the Asian region, it has been learned. In this regard, a delegation of leading IT companies under TechDestination Pakistan, Ministry of IT and Telecommunication (MoITT)…
IPPs agreement revision/termination, Payouts to be impacted
KARACHI, October 10 2024: The Government of Pakistan plans to agree with five power producers to terminate their Power Purchase Agreement (PPA) prematurely. This includes two listed names, i.e., the base power plant for Hub Power (HUBC) and Lalpir Power Limited (LPL), one indirect listed name, Roush Power (through Altern Energy), and two unlisted players,…