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AAA Associates has appointed Valor Hospitality Partners to operate an internationally branded 5-star hotel and residences project in Karachi Pakistan, following a deal that took place at Future Hospitality Summit in Abu Dhabi.
AAA Associates has appointed Valor Hospitality Partners to operate an internationally branded 5-star hotel and residences project in Karachi Pakistan, following a deal that took place at Future Hospitality Summit in Abu Dhabi.
The country’s oil sales swelled by 57 per cent to 1.67 million tonnes in April from 1.07m tonnes in April 2020. — Reuters/File KARACHI: The country’s oil sales swelled by 57 per cent to 1.67 million tonnes in April from 1.07m tonnes in April 2020. On a month-over-month basis, oil sales jumped 13pc from 1.49m tonnes in March. During 10MFY21, total oil sales rose by 19pc to 15.83m tonnes from 13.34m tonnes during the same period last year. According to Arif Habib Ltd, petrol sales during April were 54pc higher to 0.67m tonnes from 0.44m tonnes in April 2020 but sales fell 2pc from 0.69m t...
Business March 12, 2021 KARACHI: Passenger car sales picked up 31 percent in February 2021 compared to same period last year, largely driven by low markup-induced late start-of-the-year buying, latest data showed on Thursday. Numbers released by Pakistan Automotive Manufacturers Association (PAMA) showed passenger car sales grew to 13,570 units in February from 10,345 units sold during the same period in 2020. However, February sales were down 6.7 percent against 14,543 units sold in January. Jeeps, tractors, pickups, three-wheelers and motorcycles saw their sales increasing. One analyst sai...
Business March 10, 2021 ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued a show-cause notice to an automaker for deceptive marketing and misleading advertising of its sports utility vehicle (SUV), it said on Tuesday. The notice was served for prima facie deceptive marketing “in violation of section 10 of the Competition Act 2010,” the CCP said in a statement. The company has been given 14 days to respond. The CCP took a suo motu notice of the advertisements published in print media and on various social media platforms publicising the introductory price of Hyundai Tucso...