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Business
Pakistan Faces Steep Gas Tariff Hikes Amid Economic Strain
The Oil and Gas Regulatory Authority (Ogra) has announced an increase in the gas tariff, intensifying the financial burden on…
ECP Halts Privatisation of PIA Ahead of Elections
The Election Commission of Pakistan (ECP) has notably halted Pakistan International Airlines (PIA) 's privatisation process. This decision falls under…
HMD Global Set to Launch Exclusive Smartphone Devices, Moving Away from Nokia
HMD Global, the manufacturer of Nokia smartphones for the last seven years, plans to launch its own HMD-branded smartphone mobile…
Jeff Bezos to Sell $8.6 Billion in Amazon Shares Amid Stock Surge
Jeff Bezos, the founder of Amazon, has indicated plans to divest up to 50 million Amazon shares within the forthcoming…
NEPRA Raises Electricity Tariff by Rs 4.56 Amid Fuel Charge Adjustments
The National Electric Power Regulatory Authority (NEPRA) announced an increase in the electricity tariff by Rs 4.56 per unit, attributing…
iPhone Sales Dip in China, Misses Revenue Forecast by $6 Billion
Apple announced a decrease in iPhone sales and a revenue forecast of $6 billion below expectations due to challenges in…
Pakistan’s Inflation Eases to 28.34% in January 2024, Marking A Decline
The Pakistan Bureau of Statistics (PBS) reported that January 2024 saw a modest retreat in Pakistan's inflation to 28.34% year-over-year.…
PIA Debt Restructuring: Taxpayers Bear Rs268 Billion Burden for Airline’s Path to Privatization
The government and commercial banks have agreed on a Rs268 billion debt restructuring for Pakistan International Airlines (PIA). This decision…
Shell Reports $28 Billion Profit in 2023 Despite 30% Decline from Last Year
Shell announced a $28 billion profit for 2023, a 30% decrease from the prior year, amidst cooling energy demand and…