Business
Business
Record Islamic Bond Sale: Pakistan’s Move Toward Interest-Free Banking
The country witnessed an unprecedented sale of Ijarah Sukuk, accumulating Rs371 billion (over $1.29 billion). This remarkable sale marked the…
Pakistan Stock Exchange: Insights on the Recent Sharp Decline
Shares at the Pakistan Stock Exchange (PSX) experienced a significant dip on Tuesday, as the benchmark KSE-100 index plummeted 956…
Electricity Tariff Hike: Pakistan’s DISCOs Propose Increase for 2022-23
Electricity consumers in Pakistan may face another jolt. The country's 10 power distribution companies (DISCOs) are proposing a tariff increase…
PayPal’s Game-Changing Stablecoin: A Deep Dive into $PYUSD
The online payment behemoth, PayPal, has leapt into the cryptocurrency world by introducing its stablecoin. The significant venture stands out…
Pakistan Announces Suspension of Iran-Pakistan Gas Pipeline Project Due to US Sanctions
Pakistan has declared a 'Force Majeure and Excusing Event' to Iran, effectively suspending its responsibility to finalize the multi-billion-dollar Iran-Pakistan…
USD Dips Despite Tight Labor Market: Slower Jobs Growth & Rising Wages Add Complexity
The US dollar (USD) experienced a dip on Friday, retracting most of the week's gains. The release of July's jobs…
Stock Market Concludes the Week on a Lower Note Amid Bleak Economic Outlook
On Friday, the stock market continued its losing streak from the previous day, closing lower due to a bleak economic…
Sensitive Price Indicator Reflects Weekly Inflation Rise in Pakistan
Pakistan's weekly inflation, measured by the Sensitive Price Indicator (SPI), has risen by 1.30 percent for the combined consumption group…
Apple Forecasts Continuation of Sales Decline in Q4
Apple Inc., in its latest financial forecast, anticipates a sales slump that could stretch into the next quarter. Despite surpassing…