Honda Atlas Cars Ltd has extended plant closure for another two days (Nov 8-9) after keeping production suspended from Oct 24 to Nov 7. In a stock filing, the company said that the current level of inventory and parts shortages had severely disrupted the company’s supply chain. Sherman Research says that car assemblers are again facing issues related to the import of completely knocked-down
Caretaker Prime Minister Anwaarul Haq Kakar on Tuesday hoped to conclude a deal for selling a stake to Saudi Arabia in the Reko Diq, one of the world’s biggest gold and copper mining projects, by December. “We are quite excited at the Saudi offer, and we would be very much encouraging their participation, not just in this project but otherwise also,” Mr Kakar said in an interview with Arab New
Prime Minister Anwaarul Haq Kakar said on Tuesday Pakistan is leading in terms of the opening of bank accounts in Edison Alliance’s global financial inclusion goal of providing one billion people with affordable digital solutions by 2030. Speaking at a webinar held in connection with the Spotlight Pakistan Day by the World Economic Forum on the success of the Virtual Remittance Gateway’s (VRG)
China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world, a report said this week, with an estimated 80 per cent of the loans supporting countries in financial distress. Beijing says upwards of 150 countries stretching from Uruguay to Sri Lanka have signed up to the BRI, a vast global infrastructure push unveiled by Presiden
The benchmark of the national bourse exceeded in the outgoing week its all-time high of 52,876 points that it achieved in May 2017. Arif Habib Ltd said the outgoing week began with the State Bank of Pakistan (SBP) maintaining its policy rate at 22pc. The decision reflected that inflation had peaked and was expected to ease off in the near future. Furthermore, the federal cabinet approved a m