Business
Business
S&P downgrades Pakistan’s credit rating
S&P Global Ratings downgraded Pakistan's credit score due to flooding, high inflation, country's external, fiscal, and economic parameters. S&P reduced…
Oil rises on tight US stocks as winter blast hits
Oil prices climbed for a fourth straight day on Thursday with United States crude, heating oil and jet fuel stocks…
SBP cuts GDP growth prediction to 3%
The State Bank of Pakistan (SBP) has slashed projected GDP growth from the previously announced range of 3 percent for…
PSX falls 490 points to a two-year low
The KSE-100 index dropped over 500 points due to political instability and a shortage of positive events. The KSE-100 index…
Elon Musk says will step down as Twitter CEO once successor found
Elon Musk said on Tuesday he would resign as chief executive of Twitter once he finds a replacement, in an…
PSX dips below 40,000, lowest since July 2022
The Pakistan Stock Exchange (PSX) traded below 40,000 for the first time since July 2022 as the benchmark KSE-100 Index…
World Bank slashes China growth forecasts
The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the…
Govt may raise electricity prices to restore IMF program
The government has devised a proposal with four possibilities for lowering circular debt, including raising the maximum electricity cost by…
Indus Motors closes Pakistan plant due to import delays
Toyota automobile manufacturer Indus Motors Company (IMC) has chosen to close its manufacturing in Pakistan from December 20 to 30.…