Karachi, September 1, 2023 – Traders in Karachi observed a citywide shutdown on Friday in a collective protest against inflated electricity bills and the relentless rise in inflation. The protest action resulted in the closure of wholesale and major markets across the city.
(more…)Author: Faisal Shahnawaz
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Pakistan Equities Gain 310 Points Following Central Bank’s Clarification
Karachi, September 1, 2023 – Pakistan’s equity market witnessed a notable upswing on Friday, with the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gaining 310 points after the State Bank of Pakistan (SBP) issued a clarifying statement regarding the announcement of its monetary policy.
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Karachi Interbank Offered Rates KIBOR – September 1, 2023
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on September 1, 2023.
Following are the latest KIBOR rates:
Tenor Bid Offer 1 – Week 21.58 22.08 2 – Week 21.74 22.24 1 – Month 22.11 22.61 3 – Month 23.08 23.33 6 – Month 23.18 23.43 9 – Month 23.17 23.67 1 – Year 23.19 23.69 -
FPCCI Sounds Alarm Bells as Petroleum Prices Skyrocket
The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has raised serious concerns about the dire consequences of the recent massive surge in petroleum prices.
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Tesla’s Model 3 Receives Captivating Aesthetic, Range Upgrades
Tesla has revealed captivating aesthetic enhancements, extended driving capabilities, and feature refinements for the Tesla Model 3.
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Pakistani Rupee Ends 10-Day Losing Streak Against US Dollar, Settles at PKR 305.47
Karachi, September 1, 2023 – The Pakistani Rupee (PKR) has finally broken its 10-day losing streak against the US dollar, showing signs of recovery by gaining 7 paisas in the closing of the interbank foreign exchange market.
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MINI Unveils New All-Electric Models at IAA 2023
MINI is electrifying the future with its cutting-edge electric models, officially unveiled today at the International Motor Show (IAA) in Munich.
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Agriauto Industries Announces Month-Long Plant Shutdown Due to Reduced Demand
Karachi, September 1, 2023 – Agriauto Industries Limited, a prominent manufacturer of automotive parts, has made the decision to shut down its production plant for an entire month due to a significant decline in demand from its key customers.
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State Bank Issues Foreign Exchange Rates in Pakistan for September 1, 2023
Karachi, September 1, 2023: The State Bank of Pakistan (SBP) on Friday issued foreign exchange rates for September 1, 2023.
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Pak Suzuki Suspends Motorcycle Production Until September 12
Karachi, September 1, 2023 – On Friday, Pak Suzuki Motor Company Limited announced the temporary suspension of motorcycle production for a period of two weeks.
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