PIBTL Cargo handling declined by 39.5% YoY in 2QFY22
The other reason was due to the slowdown of growth in the manufacturing sector and the decline in business from power plants that were earlier relying on PIBTL for shipments above 40,000 tons.
The other reason was due to the slowdown of growth in the manufacturing sector and the decline in business from power plants that were earlier relying on PIBTL for shipments above 40,000 tons.
Pakistan has launched ‘Mera Ghar Mera Ashiana’ on Wednesday to provide affordable housing to the masses. Under this scheme, the low-income people will be provided with subsidized loans, risk-sharing support, and long-term financing options. The State Bank of Pakistan (SBP) announced the scheme on Wednesday, emphasizing that it is designed for citizens holding valid CNICs…
The Pakistan Stock Exchange (PSX) entered Friday on a positive note, building on its recent gains as global markets benefitted from widespread monetary easing. By 9:35am, the benchmark KSE-100 Index had gained 434.22 points, or 0.27%, to trade at 158,387.68 points. Buying appetite was visible in banking, energy, and refinery stocks, where heavyweights including OGDC,…
The Pakistani rupee remained stable against the US dollar on September 17, 2025, but showed weakness against other major currencies, including the British pound and the euro. In the open market, the US dollar was being traded at Rs 282.9 for buying and Rs 283.70 for selling. The interbank rate was also steady at Rs…
Ibn-e-Ameer Islamabad: Sui Southern Gas Company (SSGC) has refused to give a No Objection Certificate (NOC) to the government for the revival of Pakistan Steel Mills. But K-Electric (KE) has given a NOC to the revival of Pakistan Steel Mills. NOCs will help Pakistan Steel Mills to transfer utility connections to the established subsidiary…
Gul Ahmed Textile Mills has decided to close business operations of the export apparel segment due to sustained margin pressure. In a notice to Stock Exchange, the company management said that the Board of Directors of Gul Ahmed Textile Mills Limited has decided to discontinue the business operations of the Company’s Export Apparel Segment.Gul Ahmed…
Pakistan has advanced its ongoing economic review discussions with IMF by successfully fulfilling another key structural condition of the financial assistance program. The Federal Board of Revenue has issued a draft amendment to the Civil Servants Rules, expanding the definition of public servants under the Asset Rules Reform. According to the official notification, officers in…