Pakistan News

    Dawlance 9122 Mds Price In Pakistan

  • Turkish firm acquires Dawlance for $258m

    KARACHI: Arçelik AS, a global leader in the home appliances industry, on Friday announced the $258 million acquisition of Dawlance, Pakistan’s market-leading home appliance brand, as part of its global expansion into fast-growth opportunity markets...

    Pakistan’s economy is forecast to grow around five per cent annually for the next three years...

  • Turkish company acquires Dawlance for $243m

    , which announced earlier this year that it was buying Pakistan’s home appliances brand Dawlance, said on Tuesday it has obtained all regulatory approvals needed for the $243-million acquisition and the transaction is now complete...

    Addressing a media briefing, Arçelik CEO Hakan Bulgurlu said the company plans to invest $42m to $50m in its Pakistan’s operations “in the immediate future”...

  • 16m euros to be injected in Dawlance

    KARACHI: An additional capital of 16 million euros is expected to be injected in Dawlance this year while new equipment and machinery are being deployed to further expand the company’s product range, Chief Technology Officer (CTO) Arcelik Mr Ozuzhan Ozturk said...

    A press release issued following the CTO’s visit to Pakistan said that since acquiring Dawlance in 2016, Arçelik — Turkey’s largest enterprise — has invested more than 36...

  • Pakistan fails to capitalise on oil price dip: ADB

    ISLAMABAD: The Asian Development Bank says that Pakistan’s economy has failed to achieve its growth potential in spite of benefiting from lower prices of oil which accounts for almost a third of its imports...

    The ADB approved $1 billion for projects in Pakistan to improve transport and trade...

  • Fixing Pakistan's water woes beyond regulating the price of bottled water

    But even if Diamer-Bhasha reaches its funding goal, then what?The court summoned yesterday the CEOs of all bottled water companies to present data on the price of extracted water and the revenue they have made selling it...

    We can question whether major bottlers are cartelised, and whether quality audits are functioning well, but let’s think here instead about what the price of water should be...

  • Govt not bound to fix cane price every year, SHC told

    HYDERABAD: The Sindh government is under no obligation to fix the price of sugar cane for every crushing season under the Sugar Factories Control Act, 1950, the Sindh High Court Hyderabad circuit bench was told by the counsel for litigant sugar millers on Tuesday...

    “In fact, it is not incumbent upon the government to determine price of sugar cane on recommendations of the board,” suggested the affidavit citing the words ‘or...

  • Footprints: The high price of migration

    ATHENS: Nasima, 32, has just finished wrangling with her two daughters and one son, when a foreign journalist comes asking Afghan refugees what they plan to do after reports that the border of Macedonia is closed to all non-Syrians...

    “What did he say?” she asks in panic
  • Sindh Assembly asks Centre to cut petrol price to Rs40 a litre

    KARACHI: Condemning the Pakistan Muslim League-Nawaz government at the Centre for failing to pass on the benefit of record low oil prices in the international market to the people, the Sindh Assembly on Monday unanimously demanded that the federal government fix price of per litre petrol at Rs40...

    On Jan 31, the federal government had slashed the per litre price of petrol by Rs5 for the month of February...

  • The price of neutrality

    TWO significant events have unfolded in Pakistan over the past few days...

    The parliament declared its neutrality in the Yemen war, and a UAE minister issued a warning to Pakistan for doing so...

  • PSO, gas companies seek 28pc hike in RLNG price

    ISLAMABAD: Backed by the petroleum ministry, the three government-owned energy companies have sought a cumulative 28 per cent increase in the price of imported regasified liquefied natural gas (RLNG) approved by the Oil and Gas Regulatory Authority (Ogra) early this month...

    The Pakistan State Oil (PSO), the Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL) have written to the regulator that the RLNG price...

  • Distributors slam third LPG price hike in 10 days

    LAHORE: LPG Distri­butors Association of Pakistan has expressed concerns over increase in the LPG price for the third time in last 10 days by marketing companies and has urged the Oil and Gas Regulatory Authority (Ogra) to intervene into the matter and stop those planning to further increase the price before start of winter...

    According to the association, the marketing companies on Monday increased the fuel’s price by Rs5 per...

  • Cotton price hits two-month high

    KARACHI: Cotton pri­ce soared to two-month high of Rs6,550 per maund on Thursday on panic buying by millers fearing shortage of quality lint in coming weeks...

    However, market talks suggest of imminent rupee devaluation as another factor behind the buying rush
  • Rs2.24 per litre hike in petrol price proposed

    ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) recommended on Wednesday a price increase of 70 paisa per litre for high-speed diesel (HSD) and Rs2...

    But the government is expected to keep the prices unchanged at least for a few days to help people on the eve of Eidul Azha, a senior official said, adding that the government will not let transporters take undue advantage of the price hike...

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