Tag: investment
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Honda Atlas plans to launch hybrid cars as market competition intensifies
Honda Atlas Cars Limited (HCAR) has announced plans to enter Pakistan’s hybrid vehicle market, potentially with the HR-V model, as it faces growing competition from rivals like Corolla Cross and Haval. This development was revealed during a briefing on the company’s financial results. HCAR disclosed that it intends to invest Rs5 billion in establishing a…
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Actor Javed Sheikh caught up in Rs5 million investment fraud case
In a significant legal development, Rawat Police have registered a fraud case against renowned film star Javed Sheikh and five other individuals, as reported by express.pk. Filed under Section 420 of the Pakistan Penal Code, the charges allege that the accused deceived a couple into investing Rs5 million with promises of lucrative returns. The case…
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Return rate adjustments implemented for National Savings Schemes
The Central Directorate of National Savings (CDNS) has implemented adjustments in the rates of return across several National Savings Schemes, marking the fifth revision in the past five months.
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MBS likely to visit Pakistan next month
Saudi Crown Prince Muhammad bin Salman is likely to visit Pakistan next month after a recent visit by the Saudi delegation led by Saudi Foreign Minister Prince Faisal bin Farhan Al Saud. The News has reported that the Crown Prince, also the Prime Minister of the Kingdom, will come to Pakistan on the invitation of…
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Saudi Arabia to ‘expedite’ $5 billion investment in Pakistan
The Kingdom of Saudi Arabia has pledged to accelerate the first wave of a $5 billion investment package in Pakistan, stated in the joint statement of the Prime Minister of Pakistan and the Crown Prince of Saudi Arabia Mohammed bin Salman (MBS) released by the office of the Spokesperson of the Ministry of Foreign Affairs…
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Email kholo! SIFC to officials
The Special Investment Facilitation Council (SIFC) has ordered all the focal persons of ministries to regularly check and respond to their emails after it was revealed that no one responded to UAE companies interested in investing in renewable energy projects in Pakistan. The event unfolded when the Foreign Office (FO) of Pakistan noted that when…
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Bitcoin surges to new heights, breaking $70,000 barrier
In a surge of volatile trading, Bitcoin soared to an all-time high of $70,000 on Friday, fueled by the ongoing frenzy in the crypto investment landscape.
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Toyota manufacturer in Pakistan halts car production amid parts shortage
Indus Motor Company (IMC), the manufacturer of Toyota vehicles in Pakistan, has declared a temporary shutdown of its production plant for a duration of six days.
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Bitcoin’s price soars close to $69,000, then pulls back to $65,000
Bitcoin, the leading cryptocurrency by market value, surged to a two-year peak, surpassing $68,600 on Tuesday and approaching its all-time high.
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24 karat gold price surges by Rs800 per tola, silver takes a dip
In a notable shift in the precious metals market, the per-tola price of 24 karat gold in Pakistan witnessed an increase of Rs800, reaching Rs213,200 on Saturday. This rise is compared to its previous sale at Rs212,400 on the last trading day.