Business
Business
Roshan Digital Accounts Surpass $6 Billion in Foreign Currency Inflows
Roshan Digital Accounts (RDAs), a banking facility designed for overseas Pakistanis to operate digital accounts, have seen foreign currency inflows…
Pakistan at Risk of Defaulting on Debt: USIP
A report from the US Institute of Peace (USIP), a Washington-based think tank, has cautioned that Pakistan is at risk…
Pak Suzuki Motor Company Announces Fourth Price Increase in 2023
Pak Suzuki Motor Company Ltd increased vehicle prices for the fourth time this year. In a circular sent to retailers,…
PSO faces financial crisis amidst falling Pakistani rupee and unpaid LNG bills
Pakistan State Oil (PSO) is grappling with a financial crisis as the Pakistani rupee plummets against the US dollar. As…
SBP raises benchmark policy rate to 21% amid inflation concerns
As anticipated by market experts, the State Bank of Pakistan (SBP) raised its benchmark policy rate by 100 basis points,…
Oil Prices surge as OPEC+ announces unexpected production cuts
Oil prices experienced a significant surge on Monday following an unexpected announcement by OPEC+ to further decrease production. Top producer…
Pakistan’s debt sustainability indicators worsen amid currency devaluation and interest rate hikes
During the first half of the fiscal year, the finance ministry's semi-annual debt bulletin, Pakistan's key debt sustainability indicators have…
Honda assembly plant extends shutdown amid economic crisis
Honda Pakistan has again announced that the automobile assembly plant in Pakistan will extend its longest shutdown to date by…
Punjab government raises minimum wage to Rs32,000 per month
The caretaker government of Punjab has increased the minimum wage for unskilled workers from Rs 25,000 to Rs 32,000 per…