Business
KARACHI: InDrive has claimed that it now holds around 60 per cent of Pakistan’s ride-hailing market, a position its founder and CEO Arsen Tomsky says stems from entering markets where both drivers and passengers feel squeezed by dominant platforms
Business
KARACHI: Amid rising demand for vehicles, two assemblers gave a robust performance. For example, Sazgar Engineering Works Ltd (SEWL) earned a profit of Rs8.4 billion in the IHFY26 compared to Rs6.6bn in the same period last year. Net sale
Business
ISLAMABAD: Accepting the authority of Parliament to legislate on imposing taxes, the Federal Constitution Court (FCC) on Tuesday — in a landmark ruling with far-reaching constitutional and fiscal implications — upheld the vires of the super tax.</
Business
Pakistan’s benchmark stock exchange, KSE-100, remained under pressure, closing in the red at 188,202.85 points, a 0.2 per cent fall from the previous close of 188,587.66 points. The index touched an intraday high of 189,521.32 points in ear
Business
Muhammad Ali Farid Khwaja has been appointed as the commissioner of the Securities and Exchange Commission of Pakistan (SECP) by the government for a period of three years, according to a notification issued by the Finance Division today. K
Business
Gold rose on Tuesday, after breaking through the $5,100 mark for the first time in the previous session, as geopolitical uncertainty underpinned safe-haven demand, while silver also hovered near all-time highs. Spot gold climbed 0.9 per cen
Business
Pakistan’s benchmark stock exchange, KSE-100, remained under pressure during intraday trading today. At 12:00pm, the index stood at 188
Business
KARACHI: While seeking a single-digit interest rate, businessmen have rejected the State Bank’s decision to maintain interest rates at 10.50 per cent, terming it di
Business
https://www.dawn.com/news/1969294
Business
LAHORE: A record increase in sugarcane prices and incentives offered by sugar mill owners to growers has heightened fears of a further decline in cotton cultivation next year, even as environmental p
Business
ISLAMABAD: At a time when rice exports are steadily declining, the Ministry of Commerce has allocated around Rs15 billion for a rebate scheme on local taxes and levies for rice exporters, raising concerns about a potential rise in domestic prices.
Business
KARACHI: Mega Motor Company (MMC), in partnership with the world’s leading new energy vehicle (NEV) manufacturer BYD, has recently unveiled two electric sport utility vehicles (SUVs), the BYD Sealion 7 and the BYD Atto 2, at a dealership event in
Business
KARACHI: The Pakistan Stock Exchange (PSX) started the week on a sluggish note, marked by extreme volatility on Monday, as investors took profits following a record-breaking rally in the weekend session. In early trade, the benchmark KSE-10
Business
E-commerce giant Daraz on Monday announced an initiative to help sellers affected by the Gul Plaza inferno, saying it would launch a dedicated section on its website to sell their products and goods. The
Business
Pakistan’s benchmark index, the KSe-100, closed in red at 188,587.66, down 579.16 points (-0.31 per cent) from the previous close. The total volume was 449.8 million shares at a value of Rs43.56 billion. The market fell to its lowest