Business
Business
IMF Boosts Asia’s Economic Outlook Amid China’s Recovery, Cautions About Risks
The International Monetary Fund (IMF) increased its outlook for Asia's economy, crediting China's economic rebound for boosting growth. The IMF…
Rs620 Billion in Supplementary Grants Issued by Federal Government, Raising Concerns Over IMF Commitments
In the first ten months of the current fiscal year, the federal government granted nearly Rs620 billion in supplementary funding,…
Historic Heidi Horten Jewelry Collection Set for Record-Breaking Auction at Christie’s
Christie's auction house is preparing for a landmark sale of 700 jewels that once belonged to the late Austrian billionaire…
Pakistan’s Headline Inflation Expected to Remain Elevated, Finance Ministry Warns
The Ministry of Finance has warned that headline inflation is anticipated to remain heightened in the upcoming months, further exacerbating…
United Bank Explores Potential Merger with Silkbank Limited
United Bank Limited (UBL), one of Pakistan's largest banks, has disclosed its intention to merge with Silkbank Limited potentially and…
Roosevelt Hotel’s Reopening: ECC Approves Bridge Financing and Committee Formation
The Economic Coordination Committee (ECC) on Friday approved Pakistan International Airlines Investment Limited (PIA-IL) to use $1.145 million from its…
UAE Investor Nasser Abdulla Hussain Lootah Acquires Majority Stake in Summit Bank
Prominent UAE investor H.E. Nasser Abdulla Hussain Lootah has acquired a majority stake in Summit Bank to transform it into…
Pakistan’s Economic Challenges: GDP growth projected to be 0.8%
Significant debt sustainability indicators have deteriorated in the first half of the current fiscal year (from July to December), leading…
Pakistan’s Finance Minister Calls for Greater Efforts to Reach “True Tax Potential”
Finance Minister Ishaq Dar stressed the importance of intensifying efforts to tap into the nation's "true tax potential" and offered…