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German automaker

Volkswagen profits surge despite selling fewer cars

BERLIN: Volkswagen said Friday its net profits jumped last year despite selling fewer cars due to the semiconductor...

Published 14 Mar, 2022 06:00am

Markets

BMW recalling 917,000 US vehicles over engine fire concerns

WASHINGTON: BMW will recall 917,106 vehicles in the United States over potential engine fire risks, the German...

Published 09 Mar, 2022 09:04pm

Business & Finance

Volkswagen China sees chip supply shortage easing

"We hope the chip supply crisis will bottom out this summer and expect to see an improvement in this situation within the second half of the year," Woellenstein, told.

Published 16 Jul, 2021 07:52pm

Business & Finance

BMW boosts corporate venture investment pool to $900mn

BMW i Ventures, based in Mountain View, California, will manage the fund, as well as continuing to disburse money from its initial 500-million-euro fund.
Its focus continues to be on early to mid-stage startup companies, many of them based in Silicon Valley.

Published 30 Jun, 2021 08:10pm

World

VW, former CEO charged over ‘dieselgate’ scandal

PARIS: German automaker Volkswagen said Wednesday that it has been charged in France over alleged cheating on...

Published 10 Jun, 2021 03:22am

Business & Finance

Volkswagen Plant Construction to start in Pakistan

Construction of the Volkswagen plant in Pakistan will officially commence within this quarter.

Published 08 May, 2021 05:39pm

Business & Finance

Mercedes-Benz unveils its 2022 EQS Luxury Electric Sedan

Mercedes-Benz has finally unveiled its 2022 EQS Luxury Electric Sedan, featuring a two-tone paint design, larger battery, a huge infotainment screen, and luxurious interior.

Published 16 Apr, 2021 06:39pm

Business & Finance

VW pulls a fast one: 'Voltswagen' rebrand a ruse

"This name change signals that VW is transitioning away from the internal combustion engine and to e-mobility," Gock said in response to emailed questions, including about April Fool's Day.

Published 31 Mar, 2021 10:23am

Business & Finance

VW confirms it will rebrand its US unit as 'Voltswagen'

The revised name takes effect in May and the announcement came after several outlets on Monday reported on a draft release mistakenly posted on the automaker's US website.
We might be changing out our K for a T, but what we aren't changing is this brand's commitment to making best-in-class vehicles for drivers and people everywhere.

Published 30 Mar, 2021 06:12pm

Business & Finance

Volkswagen's electric SUV ID 5 coupe to start production in 2021

Volkswagen will start production of it's next electric SUV, the ID 5 coupe, in Germany in the second half of 2021.

Published 20 Feb, 2021 02:51pm

Business & Finance

Volkswagen says will suspend some production in Mexico due to gas shortage

The German automaker said in a statement it will halt production of its Jetta model on Thursday and Friday.

Published 18 Feb, 2021 12:15pm

Business & Finance

Volkswagen says China car sales, production hit by chip supply shortage

Volkswagen is the biggest foreign automaker in China, the world's biggest car market.

Published 20 Jan, 2021 12:06pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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