Qazi Hadi at Topline Securities said Pak Suzuki informed analysts that with regards to rupee-dollar parity, the company may undertake price review. AFP/File
KARACHI: As the auto assemblers anticipate jump in vehicle prices on account of spiralling raw material prices on world markets, another cost pressure has emerged following removal of export tax rebate by China on 146 kinds of steel products from May 1, 2021.
At the analyst briefing held last week, Pak Suzuki Motor Company Ltd (PSMCL) and Indus Motor Company (IMC) cautioned about price hikes in vehicles.
Qazi Hadi at Topline Securities said Pak Suzuki informed analysts that with regards to rupee-dollar parity, the company may undertake price review. However, the potential impact of the ongoing third wave of Covid-19 is also under consideration.
88% work on first CPEC hydropower project completed: Asim Bajwa
720MW Karot Hydropower Project is expected to be completed by April 2022, says CPEC chief
A view of the Karot Hydropower Project. PHOTO: TWITTER/@AsimSBajwa
China Pakistan Economic Corridor (CPEC) Authority Chairman Lt Gen (retd) Asim Saleem Bajwa on Wednesday said that the 88 per cent work on 720-megawatt Karot Hydropower Project CPEC s first hydropower project has been completed.
Located on the Jhelum River on the boundary between Punjab and Azad Kashmir, the project is expected to be completed by April 2022, Bajwa wrote on his official Twitter handle.
#CPEC: 720 MW Karot Hydropower Project (1st CPEC Hydropower Project), Investment $ 1720 M,88% work been completed, expected completion April 2022. Current local direct employment 5000. Location River Jehlum (Punjab/ AJK)#cpecmakingprogress#PakistanMovingForwardpic.twitter.com/szqU0k9zCB
In this file photo, shopkeepers sit along a closed market after a shutdown was imposed in a bid to prevent a surge in Covid-19 cases during Eid in Rawalpindi. AFP/File
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) on Tuesday urged the Sindh government to allow small traders and shopkeepers in the city to open businesses ahead of Eidul Fitr from iftar to sehri so that they could recoup some of the losses caused by the Covid-19 pandemic.
Urging the provincial government to minimise the hardships faced by distressed citizens including the trading community in Karachi, KCCI president Shariq Vohra suggested that restrictions on businesses should be lifted for two days (Wednesday and Thursday) before Eid from dusk till dawn.
KCCI appeals for opening markets on last two days before Eid
Business
May 12, 2021
KARACHI: Officials at Karachi Chamber of Commerce & Industry (KCCI) on Tuesday appealed to Sindh government to allow the markets to operate on the last two days before Eid to save small traders from going out of business.
“It was imperative for them to be able to recover some of the grave losses suffered by them due to stringent curbs imposed to contain further spread of Covid-19 pandemic,” said Zubair Motiwala, Chairman Businessmen Group & Former President KCCI Zubair Motiwala, in a statement.
“Keeping in view the not so bad number of Covid-19 cases in Karachi, we believe there is some room available to let shopkeepers do business at least on Wednesday and Thursday from Iftar to Sehri.”