Nissan and Renault unite for performance

Nissan and Renault unite for performance

Nissan and Renault are most likely to merge and establish a new brand. Both the renowned brands have lately been in talks for a merger to solidify their alliance under a single stock and to enter the electric automotive industry in the times ahead. As per Bloomberg report, Renault currently possesses 43% of...

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Optimism Redefined: Pakistan’s exports on upward flight, set to reach $24bn this year

Optimism Redefined: Pakistan’s exports on upward flight, set to reach $24bn this year

ISLAMABAD: Pakistan’s total exports are on the upward flight and set to reach $24 billion mark this year, as predicted by a government official. Commerce Minister Pervaiz Malik said exports had deteriorated over the last three years but were bound to increase by almost $4 billion this year. The PML-N government...

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Growing Business: Atlas Honda hikes prices for bikes in Pakistan

Growing Business: Atlas Honda hikes prices for bikes in Pakistan

Apparently, cars are not the only mode of transport which has witnessed an increase in price for the second time in 2018! Atlas Honda has once again revised its prices yet again specifically on motorcycles. The price increase ranges from Rs500-3,000 depending on the model and type. Previously, the company...

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Businesses expand as fan-manufacturing increases in Pakistan

Businesses expand as fan-manufacturing increases in Pakistan

ISLAMABAD: Production of electric fans in Pakistan has relatively increased by 14.91% during first seven months (July-Jan) of the fiscal year 2017-18, as compared to previous years. Almost 1,328,609 units of electric fans were produced against the manufacturing of 1,156,203 units during same period of previous year, according to updated...

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Increase in taxes on the import of edible oil in the upcoming budget for FY2018-19

Increase in taxes on the import of edible oil in the upcoming budget for FY2018-19

ISLAMABAD: The Federal Board of Revenue (FBR) has sought an increase in taxes on the import of edible oil in the upcoming budget for fiscal year 2018-19, which, if granted, will ultimately jack up cost of doing business for the domestic cooking oil and ghee manufacturers. The cooking oil and vegetable...

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Pakistan’s rickshaw brand ‘Sazgar’ to manufacture cars

Pakistan’s rickshaw brand ‘Sazgar’ to manufacture cars

KARACHI: Auto-rickshaw maker Sazgar Engineering Works has been permitted to set up a new car manufacturing plant in Pakistan in partnership with a Chinese company, stated in a notice issued by the Pakistan Stock Exchange on Wednesday. Reports cite company’s secretary Arshad Mahmood as saying: “Ministry of Industries & Production...

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PSX, BRIndex update

PSX, BRIndex update

KARACHI: Thursday 29, March 2018 until 13:10, BRIndex 30 was at 25,223.16 with a positive change of 154.7 and volume of 129,806,700 shares. High and low were 25,274.78 and 25,088.17 respectively. Total volume traded in the market was 191,037,020 shares with 30 total traded companies out of which 17 were up. 12 were down and 1 were unchanged. Chemicals was the top traded sector with total traded volume of 39,187,100 shares. It was...

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Dangerous changes are ahead for world trade

Dangerous changes are ahead for world trade

If the trade dispute between the United States and China is aggravated, German companies would also be affected, says Ilja Nothnagel. In recent days, the world trade policy has undergone many changes. In the World Trade Organization (WTO) there is a dangerous dead time. When President Trump took office, the German economy...

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Confirmed! Honda Atlas increases variants’ prices

Confirmed! Honda Atlas increases variants’ prices

KARACHI: Honda Atlas, the maker of Civic, City and BR-V in Pakistan – has increased its variants’ prices in the range of Rs20,000-100,000 to pass on the surge in cost of production arising from the recent rupee devaluation, dealers said on Tuesday. “Honda has increased price of its Civic and City...

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The giant telecom company PTCL promises growth

The giant telecom company PTCL promises growth

KARACHI: Pakistan Telecommunication Company Limited (PTCL) is the most ancient and giant telecom company in Pakistan that has enjoyed monopoly for decades before mobile phones got popular and became a household name with a significant reduction in the cost of handsets and wireless services. PTCL being a once top traded company...

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