Chinese automotive giant GEELY, along with its subsidiary FARIZON, signed a groundbreaking joint venture agreement with Pakistan’s Habib Rafiq Engineering (HRL Engineering) in Hangzhou, China, to revolutionize Pakistan’s automotive sector. They will be introducing New Energy Vehicles (NEVs) and fostering local manufacturing capabilities. The agreement, signed by Mr. Luis Liu, Business Head at GEELY, and […]
Business
US investors plan billion-dollar investments across key sectors
Head of the visiting US investors’ delegation Gentry Beach asserted on Wednesday that there were great investment opportunities in Pakistan with an amazing base of intelligent people, which he said remained “overlooked” in the past, across diverse fields. “We view Pakistan as one of the biggest global opportunities [ . . . ] I think […]
Chinese firm to install 3,000 EV charging stations in Pakistan
A Chinese company has announced plans to install 3,000 electric vehicle (EV) charging stations across Pakistan, aiming to boost green energy adoption and create employment opportunities. A delegation from China’s ADM Group met with Sindh Energy Minister Nasir Hussain Shah and other stakeholders to discuss the expansion of EV infrastructure in the country. Speaking to […]
Pak-China collaboration: Easypaisa becomes Pakistan’s first digital bank
With the unwavering support of Pakistan’s telecommunication company Telenor and China’s leading platform for payments and digital services, Alipay (Ant Financial), as shareholders, Easypaisa, Pakistan’s leading mobile wallet company, is all set to spearhead the fintech revolution and digital transformation in Pakistan. On January 28, 2025, Easypaisa became Pakistan’s first digital retail bank to receive […]
SBP injects over Rs523 billion in the market
The State Bank of Pakistan (SBP), Wednesday, injected Rs523.7 billion in the market through reverse repo purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO).Pakistani cuisine recipes The SBP conducted Open Market Operation, Reverse Repo Purchase (Injection) on January 29, 2025 for 2-day tenor and as per results issued, accepted an amount of Rs224.7 […]
Bears continue to rule PSX; index loses 543 more points
The 100-Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Wednesday, losing 543 more points, a negative change of 0.48 percent, closing at 111,487.36 points as compared to 112,030.36 points on the last trading day.Pakistani cuisine recipes A total of 449,244,755 shares were traded during the day as compared to 517,804,378 shares […]
Gold prices up by Rs2,300 per tola
The price of 24 karat per tola gold increased by Rs.2,300 and was sold at Rs 288,700 on Wednesday against its sale at Rs 286,400 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also increased by Rs.1,972 to Rs.247,513 from Rs. 245,541 whereas that […]
Rupee gains 5 paisa against dollar
The Pakistani rupee on Wednesday appreciated by 05 paisa against the US dollar in the interbank trading and closed at Rs278.87 against the previous day’s closing of Rs278.92. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.30 and Rs […]
‘SECP probing cases for insider trading, market manipulation cases’
With regard to taking up the investigations by Federal Investigation Agency (FIA) against capital market players, as reported by certain quarters, it is clarified that Securities and Exchange Commission of Pakistan (the “Commission”), has been investigating cases of insider trading and market manipulation and consequently, filing criminal complaints in relevant court of law in terms […]
US diplomat, commerce minister discuss bilateral trade
US Charge d’Affaires Natalie A. Baker Wednesday called on Federal Minister for Commerce Jam Kamal Khan and discussed ways and means to strengthen bilateral trade and investment ties besides exploring future avenues for cooperation between the two nations. During the meeting, the minister congratulated Baker and the US government on the smooth transition of power […]