Business
Business
Government reveals petroleum pricing strategy under the Petrol relief program
The government has unveiled a strategy for the newly announced petrol relief program, which would be executed in three phases…
Pak Suzuki reports losses of Rs6.3 billion
Pakistan Suzuku Motors (PSMC) reported Rs6.3 billion and $184 million in foreign liabilities for the year ending December 31, 2022.…
IMF rejects Ishaq Dar’s claims link loan program with Pakistan’s nuclear weapons
The International Monetary Fund (IMF) has rejected Finance Minister Ishaq Dar's claims that it linked to the restart of a…
Moody’s downgrades First Republic Bank
Rating agency Moody’s on Friday downgraded the credit of First Republic Bank, citing deterioration in the bank’s financial profile and…
Foxconn gets AirPod order, plans $200 million India factory.
Taiwanese contract manufacturer Foxconn (2317. TW) has won an order to make AirPods for Apple Inc (AAPL.O) and plans to…
Chinese bank agrees to refinance $500m
A Chinese bank has assured Pakistan that it will provide a $500 million refinance credit within the next few days,…
PM approves Rs8,500/ 40kg as cotton support price
Prime Minister Shehbaz Sharif on Monday approved Rs8,500 per 40 kg as the support price of cotton in a major…
Saudi Aramco earns $161bn profit for 2022
Saudi Aramco said on Sunday it achieved "record" profits totaling $161.1 billion last year, drawing an outraged response from activists…
Saudi Crown Prince Launches Riyad Air
Saudi Arabia's new national airline, "Riyadh Air," was unveiled by Crown Prince Mohammad bin Salman bin Abdulaziz. As the Saudi…