Business
Business
Shortage of critical medicines in Pakistan due to Pharma’s price dispute
The pharmaceutical industry in Pakistan is facing an acute shortage of critical medicines due to a simmering price dispute with…
Pakistan government permits all imports
After the ban on the import of 826 products between 2017 and 2022, Pakistan has reopened all imports subject to…
Toshiba accepts $15.2b buyout proposal
Toshiba Corp’s board accepted a $15.2 billion buyout offer from a group led by private equity firm Japan Industrial Partners,…
Pakistan braces for most difficult Ramadan amid hyperinflation
This year's Ramadan is anticipated to be especially difficult for citizens nationwide due to hyperinflation, economic slowdown, and decreased incomes,…
SBP announces Ramadan 2023 bank timings
The State Bank of Pakistan (SBP) announced the banking hours for the holy month of Ramadan. According to the SBP…
Government reveals petroleum pricing strategy under the Petrol relief program
The government has unveiled a strategy for the newly announced petrol relief program, which would be executed in three phases…
Pak Suzuki reports losses of Rs6.3 billion
Pakistan Suzuku Motors (PSMC) reported Rs6.3 billion and $184 million in foreign liabilities for the year ending December 31, 2022.…
IMF rejects Ishaq Dar’s claims link loan program with Pakistan’s nuclear weapons
The International Monetary Fund (IMF) has rejected Finance Minister Ishaq Dar's claims that it linked to the restart of a…
Moody’s downgrades First Republic Bank
Rating agency Moody’s on Friday downgraded the credit of First Republic Bank, citing deterioration in the bank’s financial profile and…