Pak Suzuki shuts motorcycle production till end March amid inventory shortage

Pakistan’s Pak Suzuki Motor Company has announced it will temporarily shut down its motorcycle manufacturing plant because of an inventory shortage caused by trade restrictions. The company issued a statement to the Pakistan Stock Exchange saying the plant would cease operations from for 11 days from 20 March. The move follows the company’s similar announcement […]

Documentation for ICBC’s second $500mn disbursement complete: Dar

Pakistan’s Ministry of Finance has completed documentation for the second disbursement of $500m from China’s Industrial and Commercial Bank of China (ICBC). Ishaq Dar, Federal Minister for Finance, confirmed the release of funds to the State Bank of Pakistan (SBP), tweeting that this completes “out of Chinese ICBC’s approved rollover facility of $1.3bn…which was earlier […]

SBP expedites proceedings against exporters for realisation of e-forms

لاہور: اسٹیٹ بینک آف پاکستان (SBP) نے ای فارمز کی وصولی کے لیے برآمد کنندگان کے خلاف کارروائی تیز کر دی ہے اور انہیں اس کی جلد کارکردگی کے لیے مجبور کر دیا ہے، جس سے بعد میں آنے والوں میں تشویش پائی جاتی ہے۔ زیادہ تر نوٹسز میں اس بات کی نشاندہی کی گئی […]