Pakistan welcomes Sri Lankan business delegation

KARACHI: Sri Lanka is to explore further ways of cooperation and collaboration with the Pakistani business community by sending a business delegation, said a diplomat – SHHAHNAWAZ AKHTER

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Realme expands sales in Pakistan

KARACHI: Smartphone brand Realme has teamed up with three distributors to reach consumers across the country, a statement said Thursday. –LATIFUR REHMAN

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Pakistan’s foreign exchange reserves drop to $ 24.27 billion

KARACHI: Pakistan’s liquid foreign exchange reserves had shrunk by $ 360 million to $ 24.273 billion by December 24, 2021, the central bank announced on Thursday. –SHAHNAWAZ AKHTER

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Rupee rebounds 73 paisas against the dollar

KARACHI: The Pakistani rupee rebounded 73 paisas against the dollar on Thursday in the interbank foreign exchange market, traders said – LATIFUR REHMAN

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More industrial companies are moving away from grid power

KARACHI: The rapid growth of solar and wind power, which offers exponential cost reductions, has forced industries and businesses to change their energy consumption mix as more and more industrial operations choose decentralized power generation for reliability and cost savings. –JAVED MIRZA

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Consortium of investors acquires shares in Sanofi

KARACHI: Sanofi-aventis Pakistan has received a public letter of intent from a consortium of investors to acquire shares in the company, the stock exchange said on Thursday. –LATIFUR REHMAN

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CTO Karachi takes crackdown on sales tax evaders

KARACHI: The Karachi Corporate Tax Office (CTO) has cracked down on individuals and companies involved in sales tax evasion, sources said Thursday. –SHAHNAWAZ AKHTER

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Cordoba acquires 50% of the shares in CC Retail

KARACHI: The board of directors of Cordoba Logistics and Ventures Limited (CLVL) has approved the acquisition of a 50 percent stake in Children Clothing Retail (Private) Limited, the stock exchange announced on Thursday. –LATIFUR REHMAN

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SBP introduces Sharia-compliant liquidity facilities for Islamic banking institutions

KARACHI: The State Bank of Pakistan (SBP) has introduced a Sharia-compliant permanent cap and open market operations (injections) for Islamic banking institutions (IBIs), a statement said. –SHAHNAWAZ AKHTER

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Pakistani stock market remains bullish, KSE-100 index gains 156 points

KARACHI: Pakistani stocks rallied and stayed in the green on Thursday when the mini-budget was approved by the cabinet, while the year-end spectacles kept market activity upbeat throughout the day. –JAVED MIRZA

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PTCL Group welcomes the fourth tier of the FUEL leadership program

KARACHI: PTCL Group has welcomed the fourth batch of its flagship executive development program, “FUEL,” a statement said Thursday. –LATIFUR REHMAN

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The government presents a minibudge of 343 billion rupees to parliament with 2 billion rupees in taxes on everyday items

ISLAMABAD: The government has presented a mini-budget of Rs 343 billion with the introduction of Rs 2 billion in taxes on everyday items in Parliament, a senior official said Thursday. –HAMZA HABIB

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KARACHI: held a seller summit in Sialkot entitled “Unlock Business Growth Code” to get Pakistani sellers on board its platform and facilitate their access to over 200 markets worldwide, a statement said Thursday. –SHAHNAWAZ AKHTER

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Turkish lira crisis turns political with threat of legal action

ISTANBUL: The currency crisis in Turkey turned increasingly political on Thursday after a top minister urged citizens to sue economists who comment on the lira crash on social media. -AFP

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