Business
Business
K-Electric Seeks Rs3.02 Tariff Rise Amid Regulatory Scrutiny
K-Electric, the primary electric power supplier in Karachi, has filed a petition for a significant Rs3.02 per unit increase in…
Pakistan Slashes Petrol and Diesel Prices
In a move that offers considerable relief to consumers burdened by inflation, Pakistan's interim administration announced a significant reduction in…
PIA Announces Employee Bonus Amid Financial Turmoil
Despite towering losses of Rs12 billion per month and an aggregate loss exceeding Rs740 billion, Pakistan International Airlines (PIA) has…
Pakistan Eyes 1 Million Tons Annual Russian Oil Import Amid European Sanctions
Amid European bans on Russian crude oil post the Ukraine invasion, Pakistan's Caretaker Energy Minister, Mohammad Ali, contemplates a prolonged…
Fuel Price Drop Forecast: Petrol and Diesel to Plunge Below Rs300 per Litre
Petrol and high-speed diesel prices are set to decrease, potentially falling below Rs300 per litre, due to global oil price…
SBP Governor Assures Pakistan’s Readiness for IMF’s Financial Targets
State Bank of Pakistan (SBP) Governor Jameel Ahmad recently confirmed Pakistan's strong position to meet the IMF's end-September objectives for…
Pakistan’s Automotive Industry: A Year-on-Year Decline Amidst Monthly Upticks
In September 2023, Pakistan's automotive industry faced a sharp 30% year-on-year dip in car sales, with only 6,410 units sold…
PIA Privatization on the Horizon; PSM & DISCOs Face Delays
The caretaker government is set to privatize the Pakistan International Airline (PIA) to make it debt-free before the move. Caretaker…
IMF Foresees Stronger Economic Growth for Pakistan
The International Monetary Fund (IMF), in its World Economic Outlook for October, anticipates Pakistan’s economy to show a more robust…