FLASHNEWS:

Category: Business

Auto Sales Expected to Dip in March 2024 After February Surge

Karachi, Following an impressive year-on-year growth in February 2024, the automobile industry is set to face a decline in sales for March 2024, with the three major listed auto companies anticipated to report a collective 3% decrease in sales, totali…

Currency Rates Fluctuate in Pakistan’s Forex Market

Karachi, The Exchange Companies Association of Pakistan reported slight fluctuations in foreign exchange rates for major currencies including the US dollar, euro, and British pound on April 9, 2024, compared to the previous day.

According to Exchang…

Madina Oil Refinery Limited’s Ratings Upgraded by VIS

Karachi, VIS Credit Rating Company Limited (VIS) has raised the entity ratings of Madina Oil Refinery Limited (MORL) from ‘BBB-/A-2’ to ‘BBB/A-2’, reflecting improvements in profitability and capitalization. The medium to long-term rating upgrade sign…

PTCL Group Set to Acquire Telenor Pakistan with IFC Financing

Islamabad, The International Finance Corporation (IFC) has approved financing for PTCL Group’s acquisition of Telenor Pakistan, marking a significant development in Pakistan’s telecom industry. This move follows a share purchase agreement signaling ma…

Easypaisa Launches ‘eidipaisa’ for Eid ul Fitr Celebrations

Islamabad, Easypaisa, a leading digital financial services platform in Pakistan, has launched its ‘eidipaisa’ campaign, titled “Aap ki eidi Aap ko Mubarak,” to facilitate the exchange of Eidi during the Eid ul Fitr festivities. This initiative allows u…

Bestway Group Raises Over $3 Million for Flood Relief in Pakistan

Islamabad, In response to the catastrophic floods during the 2022 monsoons, Bestway Group launched an extensive flood relief campaign, successfully raising over USD 3.0 million. The initiative, led by Chairman Sir Anwar Pervez, has significantly contri…