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Karachi: Globe Residency REIT (GRR) was listed at the Pakistan Stock Exchange on Wednesday by Arif Habib Dolmen REIT Management Limited at a Gong Ceremony, making it Pakistan’s first listed Developmental Real Estate Investment Trust (REIT). Minister for Finance, Senator Ishaq Dar was the Chief Guest on the occasion. Arif Habib, Chairman, Arif Habib Dolmen …
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One of the largest textile companies in Pakistan, Nishat Chunian has announced that it will partially close down operations in the company. Nishat Chunian Limited discussed in the Pakistan Stock exchange filing that, ‘the company has an installed capacity of 219,528 spindles and 2,880 rotors in its spinning division. Company has decided to temporarily close 51,360 …
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There has been a lot of speculation regarding the financial status of Pakistan with several analysts suggesting that Pakistan will default in the near time because of huge amounts of unpaid debt and the rising inflation rate each day. However, Finance Minister Ishaq Dar has something else to say contrary to popular opinion at the …
Continue reading “Ishaq Dar Says Pakistan Has No Chance of Default”
After the news was published on the Daynews.tv about Suzuki company, Toyota, and Indus Motors made an announcement about suspending their production plant in Pakistan. State Bank of Pakistan SBP decided lifting the ban on Letter of Credits (LCs). The initiative was taken by the SBP to lift the Ban on imported will have positive …
The Balochistan government is all set to move ahead with the Reko Diq project to turn Balochistan into a trade hub despite facing internal and external troubles. Reko Diq project started in 1993 but could not continue because of many factors. However, the Balochistan government will make it happen this time. Reko Diq Project Continues …
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Karachi: The Pak Suzuki Motor Company (PSMC) on Monday, has announced to suspend its production for a short period due to foreign exchange crisis in the country and non-opening of LCs for the import of raw materials. Audio: Mashhood Ali Khan We at Daynewstv spoke to Mashhood Ali Khan, former chairman of Pakistan Association of …
Continue reading ““2023 to be Toughest Year for Auto Industry” Mashhood Ali Khan”
The Pak Sukuzi Motor Company (PSMC) announced on Monday that all of its production facilities will be shut down due to a shortage of inventory as a result of a ban on the import of auto parts. The decision will be effective from 2nd January to 6th January 2023. Head of Public Relations and official …
Alvir airways is an upcoming Pakistani airline that aims to combine a comfortable and quality flight experience along with the joy of tourism to explore and enjoy the hidden treasures of Pakistan. The founder of Alvir Airways is Ms. Huma Batool who is the chairperson of Alvir Airways Private Limited and managing director of Vantage …
Continue reading “Pakistani Alvir Airways Founder Wins Award”
It might seem that Tesla has canceled the production operations in the Shanghai plant because of the coming year-end holidays but that is not the case. On Saturday, Tesla informed their workers to suspend the production sector and take a break. The Autocar company did not explain and gave any sort of explanation to the …
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Pakistan International Airlines and private airlines have jacked up ticket prices, both domestic and international. the reason for this price hike is because of a huge gap between supply and demand. Furthermore, Pakistan international airlines increased the prices because of the holiday season as well. Christmas, Winter, and New Years’ holidays are right around the …
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Now more than ever, women are starting to venture into the business community to build themselves and their lives and also empower other women to do the same. First Women Bank Limited is also an empowering opportunity for women situated in Karachi, Pakistan to support women in their business ventures and provide them with resources …
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Syngenta is one of the leading agricultural companies in the world that specializes in all aspects of agriculture and its relation with technology. Syngenta aims to develop programs to save plants and improve the quality and sustainability of agriculture and agricultural products. Syngenta recently launched a program in Pakistan which is a weather and pragmatic …
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Globe Residency REIT or GRR is a construction project that is managed by Arif Habib Dolmen REIT at Naya Nazimabad. The developmental scheme contains nine towers or buildings with apartments that will be ready for possession in 3 years. This scheme allowed the general public to invest in the project. It also offers investors the …
Continue reading “Globe Residency REIT Raises PKR. 388 Million”
Recently a major car company, Indus Motors the biggest dealer of Toyota in Pakistan announced that it will shut down its operations for ten days. Indus Motors made the announcement as the non-issuance of letters of credit by the State Bank caused immense restrictions on imported car parts. Due to this situation, the automobile company …
Continue reading “Our Workforce is Our Strength – CEO Indus Motors”
Karachi: The Federal Government vide Gazette Notification had extended the last date for exchange ability of old banknotes of Rs 10, 50, 100 & 1000 by one year. The holders of these old design large banknotes have been given the last chance to exchange these old design large size banknotes from the field offices of …
Continue reading “Old Design Banknotes will not be exchanged after December 31”
Pakistan international airlines (PIA) collborated with Turkish airlines to begin a new venture. This venture turned out quite fruitful for PIA in terms of the revenue it generated. According to PIA, the airlines sold around 38,000 tickets after making collaborations with Turkish airlines in just a month. Also, PIA revealed that it generated a revenue …
Continue reading “Pakistan Airlines Increases Revenue By 2 Billion”
Pakistan’s Finance Minister, Ishaq Dar held a meeting in Islamabad with the Egyptian business Tycoon and CEO of an Egyptian company called Eighteen Elite Real Estate, Tarek Hamdy. In this meeting, the Egyptian tycoon revealed his desire to work and invest in Pakistan. He said, Egyptian investors, have long-standing business relations with Pakistan in the …
Reko Diq is the world’s largest undeveloped mine of copper and gold which is located in the Chaghai District in Baluchistan, Pakistan. It is the largest mine in the world because it has estimated reserves of 5.4 billion tonnes of copper and gold ore. However, a dispute case stopped the development of this project. But …
Continue reading “Reko Diq Project Continues After Court’s Approval”
Pakistan became the victim of climate change earlier this year when heavy floods strangle the provinces of Sindh and Khyber Pakhtunkhwa. Abnormal rains, thunderstorms, and melting glaciers all surrounded Pakistan and resulted in immense damage. Due to floods, more than 1700 people died among which many were women and children. Floods damaged countless properties, villages, …
Continue reading “Pakistan Gets $475 Million Loans from ADB”
The founder of the cryptocurrency exchange FTX, Sam Bankman-Fried was arrested in the Bahamas after bankruptcy Sam Bankman-Fried became the biggest name in the cryptocurrency exchange market as he established FTX and build a billion-dollar company. However, things did not go smoothly as expected as the cryptocurrency exchange crashed. Bankman-Fried filed for bankruptcy in the …
Karachi: National Bank of Pakistan (NBP) and the Sindh Irrigated Agriculture Productivity Enhancement Project (SIAPEP), a government initiative, have signed an agreement in Karachi to promote high-efficiency irrigation systems for efficient use of water and crop productivity. The SIAPEP is providing financial assistance to eligible farmers at the rate of 60% of the total cost …
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Karachi: Renowned Industrialist and leader of Business community Shaikh Muhammad Muneer (S.M Muneer, aka Bhai Jan) breathed his last in Karachi. According to details, he was long been ill and had his kidney transplant previously. His family informed that Din Group’s chairman’s Namaz e Janaza will be held after Zuhar at 1.30pm on November 29 …
KARACHI: Governor Sindh Kamran Tessori has said that he is the ambassador of the business community who talks to the government conveying the problems of businessmen and industrialists as their representative. Two days later, Federal Finance Minister Ishaq Dar is visiting the Governor House, where he will address all the issues faced by the business …
Continue reading “Kamran Tessori Discusses Issues of Business Community with Finance Minister”
