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Rupee Falls 13th Day in a Row Against US Dollar

The Pakistani rupee fell 13th day in a row against the US Dollar today after opening trade at 282.5 in the interbank market.At 11:30 PM, it was stable, treading the 284-285 level against the greenback.Later, the interbank rate dropped to 286 between 1…

Dunhill Maker Hikes Cigarette Prices By Up to Rs. 100 Per Pack

Pakistan Tobacco Company Limited has notified huge price hikes of its three premium cigarette brands by up to roughly Rs. 100 or 18 percent per pack.The rates of local favorites Dunhill Lights, Dunhill Switch, and Dunhill Special have gone up with the …

Banks to Remain Closed on Thursday

The State Bank of Pakistan (SBP) will remain closed on November 9 (Thursday).The State Bank of Pakistan will remain closed on Thursday (November 09) being a public holiday on the occasion of Allama Iqbal Day, as declared by the Government of Pakistan, …

PTDC planning to establish TIC at Gwadar airport for tourists

The Pakistan Tourism Development Corporation will establish a modern Tourist Information Center at New Gwadar International Airport to facilitate the foreign and local tourists.Talking to APP, a PTDC official said the establishment of TIC would provide…

Apple Reportedly Rushed M3 MacBook Launch Due to Poor Sales

Apple’s “Scary Fast” launch event on October 30 took everyone by surprise for taking place earlier than usual. The announcement put a spotlight on new MacBook Pro models powered by M3 chips, and a new report says the launch may have been rushed to cov…

Engro Fertilizer Hikes Urea Rate By Rs. 186 Per Bag

The price of urea has been increased by Rs. 186 per bag.Engro Fertilizers Limited (PSX: EFERT) has increased urea prices effective from 1 November 2023 (today) to Rs. 3,596 per bag, according to JS Global.Urea retail prices of Fauji Fertilizer Company…

Govt Decides to Retain Petrol Prices Despite Getting it for Cheap

The caretaker government has decided to keep the prices of both petrol and high-speed diesel (HSD) unchanged till November 15.The prices of petrol and HSD will continue to be Rs. 283.38 per liter and Rs. 303.18 per liter, respectively.At the last fortn…

Lucky Cement Profit Up by 179% to Rs. 19.35 Billion in Q1 FY24

Lucky Cement Limited (PSX: LUCK) announced its financial result for the quarter ended September 30, 2023, posting a consolidated profit after tax of Rs. 19.35 billion, up by 179 percent year-on-year versus Rs. 6.93 billion in the same period last year…

FBR Constitutes Special Groups for Restructuring of PRAL

The Federal Board of Revenue (FBR) has constituted special groups of senior tax officials for the restructuring of Pakistan Revenue Automation Limited (PRAL) to get rid of over-staffing and cut unnecessary expenditures.In this connection, the FBR has …

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