Business
Business
Toyota Pakistan increase cars prices
Indus Motor Company (IMC), Toyota Pakistan, increased CKD vehicle costs from Rs280,000 to Rs1,210,000. In a notice, Toyota Pakistan informed…
Inventory shortage, Pak Suzuki extends plant closure
Due to inventory shortages, Pak Suzuki Motor Company (PSMC), a leading automaker, has extended its closure until January 20. Since…
SBP issues 5 NoCs for Digital Banks
The State Bank of Pakistan (SBP) issued a No Objection Certificate (NOC) for five applicants for digital banks in Pakistan…
Pak Banks wary of LCs threaten food supply
Despite the State Bank of Pakistan's (SBP) import facilitation directives, banks are hesitant to open letters of credit (LCs) for…
SBP’s forex reserves drop below $4.5bn.
The State Bank of Pakistan's (SBP) foreign exchange reserves dropped from $1,233 million to $ 4.34 billion. As of January…
Pakistan, Saudi Arabia to ink $1bn oil sector agreement
Pakistan and Saudi Arabia are expected to ink an agreement of over $1 billion in the oil sector, through the…
World Bank forecasts Pakistan’s GDP growth 2%
Due to the severe floods and global growth slowdown, the World Bank has lowered Pakistan's GDP growth prediction from 4%…
PTA reports telecom sector’s revenue of Rs694 billion in 2021-2022
Pakistan Telecommunication Authority's (PTA) annual report indicated the telecom sector made Rs694 billion in FY 2021-2022. The telecom sector earned…
Saudi Arabia to increase Pakistan deposit amount to $10b
Pakistan's efforts to strengthen its forex reserves, Saudi Crown Prince Mohammad Bin Salman directed authorities to increase the deposit by…