Business
Business
Anticipated Rise in Petroleum Prices in Pakistan on August 16
Following an imminent announcement by the caretaker government on August 15, petroleum products are poised for a price surge starting…
Crude Oil Crisis: Pakistan Halts Russian Imports Amid Refining Complications
Pakistan's recent decision to halt its import of Russian crude oil has emerged from complexities in the refining process. Sources…
Reko Diq Project: Saudi Arabia Steps In, Pakistan and Barrick Gold Shares Adjust
The Special Investment Facilitation Council (SIFC), supervised by civil and military authorities, has given the nod to hire consultants for…
Extended Bank Closure in Pakistan: A Three-Day Break
Recent announcements reveal a three-day shutdown for banks and financial institutions throughout Pakistan. This extended break results from a blend…
PSX’s Rollercoaster Reaction to MSCI’s Pakistani Companies Addition
The Pakistan Stock Exchange (PSX) witnessed a surge of 1,000 points, reaching 48,900, following the announcement by Morgan Stanley Capital…
9% Dip in July Remittances: Pakistan Grapples with a Five-Month Low.
In July, remittances from overseas Pakistanis fell to a five-month low of $2 billion, a drop of 19% compared to…
State Bank of Pakistan Launches Rs100 Coin for CPEC’s 10th Anniversary
The State Bank of Pakistan (SBP) has taken the initiative to commemorate a decade of the China-Pakistan Economic Corridor (CPEC)…
Nepra Announces Fuel Cost Adjustment for Power Firms
The National Electric Power Regulatory Authority (Nepra) has announced an additional fuel cost adjustment (FCA) for power distribution companies (Discos)…
PIA’s Financial Forecast, Reforms, and CAA’s New Policy 2023
Pakistan International Airlines (PIA) is confronting financial headwinds, with CEO Air Vice Marshal Amir Hayat announcing a projected loss of…