Business

After opening at 271 in the interbank market, the Pakistani rupee gained significantly versus the US dollar during intraday trade today.

According to UOB Kay Hian analysts, China’s auto exports increased 58% in the first quarter to become the world’s largest car exporter for the first time ever, and the economic superpower will likely maintain its lead for the remainder of the year.

Dr. Musadik Malik, Minister of State for Petroleum, stated on Sunday that the Kingdom of Saudi Arabia and the United Arab Emirates are interested in Pakistan’s information technology, agriculture, and mining sectors.

In an unexpected turn of events, Jack Ma, co-founder of Chinese digital giant Alibaba, visited Pakistan on Thursday, according to Azfar Ahsan, former Minister of State and Chairman Board of Investment and Founder Nutshell Group, in a tweet.

Pakistan is expected to sign a staff-level agreement with the International Monetary Fund (IMF) tomorrow. 

A second cargo of 55,000 tonnes of Russian URAL crude arrived in Pakistan on Tuesday, pending docking at the Karachi Port in the coming hours.

Mahzooz, the UAE’s best weekly draw with the greatest and most frequent payouts, crowned its 49th millionaire in its 134th edition, with 912 contestants taking home AED 1,424,750 in prize money.

A false report spread like wildfire across the country, stating that Indus Motor Company (IMC), Pakistan’s major vehicle manufacturer, would permanently halt production and close its manufacturing facilities.

Finance Minister Senator Mohammad Ishaq Dar presided over the final session of the Business and Technical Anamoly Committees’ meeting at the FBR and praised them for providing suggestions on key revisions to the Finance Bill 2023-24.

Suzuki is a well-known brand in Pakistan and has a significant presence in the market, as the automaker offers a diverse selection of bikes in several segments, such as commuter bikes, sport bikes, and adventure rides.