Business
Business
Extended Bank Closure in Pakistan: A Three-Day Break
Recent announcements reveal a three-day shutdown for banks and financial institutions throughout Pakistan. This extended break results from a blend…
PSX’s Rollercoaster Reaction to MSCI’s Pakistani Companies Addition
The Pakistan Stock Exchange (PSX) witnessed a surge of 1,000 points, reaching 48,900, following the announcement by Morgan Stanley Capital…
9% Dip in July Remittances: Pakistan Grapples with a Five-Month Low.
In July, remittances from overseas Pakistanis fell to a five-month low of $2 billion, a drop of 19% compared to…
State Bank of Pakistan Launches Rs100 Coin for CPEC’s 10th Anniversary
The State Bank of Pakistan (SBP) has taken the initiative to commemorate a decade of the China-Pakistan Economic Corridor (CPEC)…
Nepra Announces Fuel Cost Adjustment for Power Firms
The National Electric Power Regulatory Authority (Nepra) has announced an additional fuel cost adjustment (FCA) for power distribution companies (Discos)…
PIA’s Financial Forecast, Reforms, and CAA’s New Policy 2023
Pakistan International Airlines (PIA) is confronting financial headwinds, with CEO Air Vice Marshal Amir Hayat announcing a projected loss of…
Record Islamic Bond Sale: Pakistan’s Move Toward Interest-Free Banking
The country witnessed an unprecedented sale of Ijarah Sukuk, accumulating Rs371 billion (over $1.29 billion). This remarkable sale marked the…
Pakistan Stock Exchange: Insights on the Recent Sharp Decline
Shares at the Pakistan Stock Exchange (PSX) experienced a significant dip on Tuesday, as the benchmark KSE-100 index plummeted 956…
Electricity Tariff Hike: Pakistan’s DISCOs Propose Increase for 2022-23
Electricity consumers in Pakistan may face another jolt. The country's 10 power distribution companies (DISCOs) are proposing a tariff increase…