Business
Business
Sharp Decline in Central Bank’s Foreign Exchange Reserves Adds Risk to External Account
Over the week ending June 16, the foreign exchange reserves of the central bank saw a drastic decline by nearly…
SBP Alerts Banks About Unauthorized Digital Lending Platforms
The State Bank of Pakistan (SBP) has expressed concern about the risks associated with unauthorized mobile applications offering online banking…
Gold Prices in Pakistan Fall for Fourth Consecutive Day Amid Global Rate Decline
The price of gold per tola in Pakistan fell by Rs1,800, marking the fourth consecutive day of decline in sync…
Pakistan’s IT Exports: A Tale of Missed Targets and Future Opportunities
Despite the thriving potential in the global IT landscape, Pakistan is looking at a considerable shortfall in its IT exports.…
ECC Approves K-Electric Surcharge and Grants Worth Billions for Various Ministries
The cabinet's Economic Coordination Committee (ECC) permitted K-Electric, Karachi's only power distribution company, to levy a surcharge of Rs1.52 per…
The State Bank of Pakistan Announces Holiday Dates
The State Bank of Pakistan (SBP) has declared that the central bank will be closed on June 29 and 30…
Pakistan’s Struggle to Secure LNG from Spot Market Intensifies Energy Crisis
Crisis-ridden Pakistan has reportedly been unsuccessful in acquiring liquified natural gas (LNG) from the spot market in its initial attempt…
Extended Banking Hours Announced by State Bank of Pakistan for Tax Collection
The State Bank of Pakistan (SBP) has declared that commercial bank branches, typically operational on Saturdays, will maintain their standard…
Pak Suzuki Suspends Operations Amid Part Shortages and Auto Financing Decline
Pak Suzuki Motor Company Ltd has confirmed the closure of its motorcycle and four-wheeler manufacturing plants from June 22 to…