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Business

NBP Records 114% Profit Growth in H1 2023

Despite the persistently challenging environment during the period, the National Bank of Pakistan reported a profit of over Rs. 26 billion, depicting a massive increase of 114.3 percent compared to Rs. 12.1 billion in H1 last year.According to the ban…

ECC Bans Sugar Exports as Local Prices Hit Record High

The Economic Coordination Committee (ECC) of the Cabinet Monday reviewed its previous decision regarding the export quota of sugar and decided that in light of its previous decision on the matter, the ban on the export of sugar was already in place po…

Commerce Ministry devising a plan to boost country’s exports

Ministry of Commerce and Industries is devising a plan to boost the country’s exports by extending all-out support to the industry stakeholders.This was stated by Caretaker Minister for Commerce and Industries Dr Gohar Ejaz while talking to leading ex…

Govt Employees Used Free Electricity Worth Rs. 8 Billion in 2022

Employees of electricity distribution companies (DISCOs) consumed free electricity worth Rs. 8.19 billion in 2022, according to Senator Mushtaq Ahmed.In a post on X, the Senator highlighted that according to data provided by the National Electric Powe…

Price of Gold in Pakistan Crosses Rs. 235,000 Per Tola

The price of gold in Pakistan crossed the Rs. 235,000 per tola barrier after an increase of Rs. 2,900 per tola on Friday.According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) j…

Toyota Shuts Down Assembly Plant Due to Low Demand

Due to continued operational hiccups and economic challenges, Toyota Indus Motor Company (IMC) has announced another series of non-production days (NPDs).In an official notification to the Pakistan Stock Exchange (PSX), the company cited inventory sho…

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