Pak Suzuki reports Biggest Ever Loss in 2022
March 21, 2023
7:05 am
Pak Suzuki Motor Company Limited (PSMC) has announced its highest-ever after-tax loss of Rs. 6.33 billion for the fiscal year (CY) that ended on December 31, 2022.
Pak Suzuki Motor Company Limited (PSMC) has announced its highest-ever after-tax loss of Rs. 6.33 billion for the fiscal year (CY) that ended on December 31, 2022.
KARACHI: The State Bank of Pakistan (SBP) has scrapped the statutory minimum fee of 1.5% that banks were charging merchants on financial transactions made with debit and credit cards
KARACHI: Pakistan has received a $500 million loan tranche from China, which will assist the country in replenishing its diminishing foreign exchange reserves as the government confronts an ongoing economic crisis.
The reports said that the International Air Transport Association (IATA) has warned that an aviation catastrophe might strike Pakistan, as airlines struggle to collect $290 million due to a severe financial crisis.
KARACHI: On Wednesday, the price of Pakistan’s US dollar-denominated international bond fell for the sixth consecutive working day, while its yield jumped 16% to a record high of over 106% on the global market.
According to The News on Thursday, a Chinese bank has promised Pakistan that it will give another refinance loan of $500 million soon, bringing the total amount of commercial loans to $1.7 billion out of the total agreed amount of $2 billion.
The news stories regarding what perks or aspects of office design make for a wonderful employee experience tend to be dominated by fads — think treadmill desks, nap pods, and “bring your dog to work day,” to name a few.
On Friday, the startup-focused lender SVB Financial Group (SIVB.O) experienced a dramatic collapse that rocked the world’s financial markets and left billions of assets belonging to businesses and investors stranded. This made it the largest bank to fail since the 2008 financial crisis.
According to Zhou Xusheng, Director of Pakistan Business Department, Wuhan Qingfa Hesheng Seed Co Ltd, a Chinese producer and provider of hybrid seeds, hybrid rice is unquestionably an example of China-Pakistan agricultural collaboration in Sindh.
KARACHI: The erratic Pakistani rupee made a significant rebound of 0.54%, or Rs1.53, to settle at Rs280.77 against the US dollar in the interbank market on Friday amid hope for the reinstatement of the International Monetary Fund (IMF) loan programme.
The Federal Board of Revenue (FBR) has imposed a 25% sales tax on the import and local supply of a variety of luxury goods.
Honda Atlas Cars (Pakistan) Ltd will close its production from March 9 to March 31, 2023, since the company’s supply chain has been badly impacted by Pakistan’s current economic crisis.
