Indian stocks were lower on Wednesday morning, but they were exposed to early losses in the wake of India’s strikes on Pakistan and Azad Kashmir in response to the attack last month in the occupied Kashmir. NIFTy 50 is 0.6 % normative, but has reduced its losses to 0.2 % from 10:30 am. Sensex also … Read more
Karachi: Cnergyico Pk Limited (PSX: Cnergy) recorded a net loss of 1.76 billion rupees for the nine months ending March 31, 2025, which is nearly twice the loss of 885.88 million rupees, which was reported in the same period last year, despite a sharp increase in the revenue of the higher line. According to the … Read more
Karachi: A four -day strike by cargo tankers, which ended early on Saturday, resulted in severe disruption of trade and ports, causing millions of losses due to the delay in shipments and the accumulation of imported containers. The Chamber of Commerce and Industry (KCCI) in the Chamber of Commerce in Karachi is estimated at about … Read more
In a major blow to the Pakistani economy, the United States imposed a 29 % tariff on Pakistani goods, which is expected to lead to a billion dollars loss to the country. As the Ministry of Commerce stated. Despite this setback, the United States is expected to continue facing a billion dollar trade deficit with … Read more
IslamabadMaqbool Alam, Secretary-General of the Pakistani Businessmen Forum (PBF), expressed his great concern on Monday due to the great financial losses suffered by Pakistani traders due to strict plant protection measures on the Gabd-REMDAN PAK-JAN border. In a media statement, Allam revealed that large quantities of watermelon, among the other damaged goods, were wasted, causing … Read more
IslamabadOn Friday, the federal government admitted that the Pakistani maritime sector incurred losses of a total of billions of rupees last year. During the National Maritime Policy Workshop in Islamabad, the Federal Minister of Maritime Affairs, Al -Qaeda Ahmed Sheikh, stressed the decisive role of the sector in the economic growth of the nation, and … Read more
KarachiPakistan Refinery Limited (PRL), a subsidiary of Pakistan State Oil Limited (PSO), reported a significant financial loss of INR 2.35 billion for the quarter ended September 30, 2024. This is in stark contrast to the previous year’s profits. – After tax of Rs 4.48 billion for the same period. In a filing to the Pakistan … Read more
A strike banner hangs from a position near a Boeing sign as Boeing factory workers and supporters gather in a picket line during the third day of the strike near the entrance to Boeing’s production facility in Renton, Washington, US on September 15, 2024. – Reuters Global aerospace giant Boeing announced it will cut 17,000 … Read more