Business
Business
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…
Pakistani Rupee Gains Momentum Against US Dollar
Pakistan's currency, the rupee, has been making promising strides against the US dollar since Monday, closing the exchange-rate gap with…
IMF’s Executive Board Schedules Meetings Without Pakistan: Ninth EFF Review Still Pending
The International Monetary Fund (IMF) has convened meetings through June 29 without including Pakistan, as the ninth review under the…
Commercial Importers to Cease Operations Amid Dollar Shortage
Recently, commercial importers in Pakistan have stopped importing all consumable goods and beverages from June 25. The drastic decision responds…
Pakistan’s ‘Plan B’: Seeking Bilateral Support Amid IMF Stalemate
Considering the prospect of a sustained stalemate with the International Monetary Fund (IMF) until June 30, 2023, Pakistan, under its…
Pakistan’s Textile Exports Witness Significant Decline amidst Varied Trade Trends
The textile sector of Pakistan, a significant contributor to the country's economy, is currently facing an alarming downturn. Pakistan's Export…
Pakistan’s PSDP Portal: A Step Towards Greater Transparency in Development Projects
Pakistan's Federal Minister for Planning Development and Special Initiatives, Professor Ashan Iqbal, has launched the country's first Public Sector Development…
Pakistan’s Foreign Exchange Reserves See Increase of $107million Amid IMF Concerns
During the week ending June 9, 2023, the foreign exchange reserves held by the State Bank of Pakistan (SBP) saw…
Pakistan’s Finance Minister Rebuffs IMF’s Budget Criticisms
Responding to the International Monetary Fund (IMF)'s concerns over Pakistan's inability to broaden its tax base in the 2023-24 budget,…