Business
Business
SBP Extends IFRS 9 Adoption Deadline for Banks
The State Bank of Pakistan (SBP) has granted an extension for adopting the International Financial Reporting Standard 9 (IFRS 9)…
Russia Begins Fuel Exports to Iran by Rail Amid Western Sanctions
Russia has initiated fuel exports to Iran by rail for the first time this year, as traditional buyers avoided trade…
Pakistan Likely to Miss Fiscal and Debt Reduction Targets, IMF Reports
A recent International Monetary Fund (IMF) report indicates that Pakistan is expected to fall short of its fiscal and debt…
Pakistan’s Auto Sector Witnesses 98% Growth in March Despite High Prices
Despite soaring car prices, Pakistan's automotive industry experienced a 98% growth in March, with 7,201 units sold compared to 3,642…
IMF Predicts Slower Growth and High Inflation for Pakistan’s Economy
The International Monetary Fund (IMF) has adjusted Pakistan's economic growth forecast to 0.5% while significantly raising inflation predictions to over…
PSX Closure on Jumatul Wida, April 14, 2023
The Pakistan Stock Exchange Limited (PSX) will remain closed on April 14, 2023, in observance of Jumatul Wida, the last…
Etisalat to acquire $400m stake in Careem’s Super App
Emirates Telecommunications Group Company (Etisalat by e&) announced that it would acquire a $400 million stake in the Super App…
Pakistani Rupee Stability Expected as IMF Bailout Program Resumes
The Pakistani rupee is predicted to maintain stability in the upcoming week due to increased chances of resuming the bailout…
Pakistan Increases Profit Rates for National Savings Schemes
The Pakistani government has significantly increased profit rates for all National Savings Schemes (NSS), effective April 10, 2023. Following the…