Business
Business
LESCO Recovers Rs 1.65 Billion From Defaultors
The Lahore Electric Supply Company (LESCO) has recouped outstanding dues across five districts. In just over a month, through a…
Inflation Soars in Pakistan Amid Rising Energy and Food Costs
Pakistan's weekly inflation, as per the Sensitive Price Indicator (SPI), was a significant 29.65% hike during the week ending on…
Russian Rouble Hits Six-Week High Following Aggressive Interest Rate Hike
The Russian Rouble soared to a six-week peak against the US Dollar on Friday, propelled by the Bank of Russia's…
PIA Secures Rs20 Billion Lifeline as Government Greenlights Emergency Funding
Pakistan International Airlines (PIA), grappling with an operational and financial crisis, is poised to secure a substantial lifeline following the…
K-Electric Receives Record Federal Subsidy of Rs169 Billion
The recent financial disclosures within Pakistan's energy sector have illuminated the federal government's role in sustaining the operational viability of…
State Bank of Pakistan Imposes Heavy Fines on Banks for Regulatory Violations
The State Bank of Pakistan (SBP) has taken stringent action against regulatory non-compliance, sanctioning four commercial banks with heavy fines…
Pakistan Solicits $1 Billion Deferred Oil Payment from Saudi Arabia
As Pakistan braces for impending discussions with the International Monetary Fund (IMF), it has reached out to Saudi Arabia with…
Pakistan’s ECC Approves 193% Gas Tariff Hike Amidst IMF Review
The government approved a substantial increase in gas tariffs on Monday. Chaired by caretaker Finance Minister Dr Shamshad Akhtar, the…
FBR Forms Special Committees to Introduce Unified Tax Portal
The Federal Bureau of Revenue (FBR) has established three committees to create a unified sales tax portal. The initiative, outlined…