Karachi Port, one of Pakistan’s busiest and most vital ports, successfully handled 41.85 million tons of import and export cargo and 1.93 million TEUs (twenty feet equivalent unit) containers during the fiscal year 2022-23.
(more…)Author: Faisal Shahnawaz
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All-New Mercedes CLE Coupé: Unparalleled Luxury, Performance
Mercedes-Benz, the renowned luxury car manufacturer, made a captivating announcement today as they introduced the world to their latest masterpiece, the Mercedes CLE Coupé.
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Karachi Interbank Offered Rates KIBOR – July 5, 2023
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on July 5, 2023.
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KCCI Rejects Approval Allowing FCA Hike to K-Electric
Karachi, July 5, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) Wednesday recently rejected the approval to allow K-Electric, the sole electricity provider in Karachi, to increase the Fuel Cost Adjustment (FCA).
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Pakistan Stocks End Flat at 43,553 Points, Consolidation Expected
Karachi, July 5, 2023 – Pakistan stocks closed flat on Wednesday, despite a positive trading session throughout the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) concluded at 43,553 points, showing a marginal decline of 4 points compared to the previous day’s closing of 43,557 points.
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KIA Raises Car Prices in Pakistan from July 05
Lucky Motor Corporation has made an announcement regarding a price increase of KIA vehicles due to the uncertain and challenging economic conditions in the country. The revised prices will come into effect from July 05, 2023.
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Dollar Rebounds in Pakistani Currency Market; Gains PKR 1.97
Karachi, July 5, 2023: The US dollar made a strong comeback in the Pakistani currency market on Wednesday, recovering from a significant fall against the Pakistan Rupee (PKR) the previous day. The exchange rate witnessed a PKR 1.97 depreciation in the rupee’s value, closing at PKR 277.41 to the dollar compared to the previous day’s rate of PKR 275.44 in the interbank foreign exchange market.
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Peugeot Raises Car Prices in Pakistan up to Rs220,000
Lucky Motor Corporation has announced a price increase for Peugeot cars, in response to the unpredictable and volatile economic conditions. The revised prices went into effect on July 03, 2023.
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SBP’s weighted average customer exchange rates on July 5, 2023
Karachi, July 5, 2023: The State Bank of Pakistan (SBP) on Wednesday issued foreign exchange rates for July 5, 2023.
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Hyundai, Kia to Sponsor FIFA Women’s World Cup 2023
Hyundai Motor Group, comprising Hyundai Motor Company and Kia Corporation, has announced its sponsorship of the FIFA Women’s World Cup Australia & New Zealand 2023™ as the official mobility partners of FIFA. This collaboration comes as an extension of the Group’s partnership with FIFA through 2030, which was announced in May.
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