Business
Business
PSX Closure on Jumatul Wida, April 14, 2023
The Pakistan Stock Exchange Limited (PSX) will remain closed on April 14, 2023, in observance of Jumatul Wida, the last…
Etisalat to acquire $400m stake in Careem’s Super App
Emirates Telecommunications Group Company (Etisalat by e&) announced that it would acquire a $400 million stake in the Super App…
Pakistani Rupee Stability Expected as IMF Bailout Program Resumes
The Pakistani rupee is predicted to maintain stability in the upcoming week due to increased chances of resuming the bailout…
Pakistan Increases Profit Rates for National Savings Schemes
The Pakistani government has significantly increased profit rates for all National Savings Schemes (NSS), effective April 10, 2023. Following the…
Roshan Digital Accounts Surpass $6 Billion in Foreign Currency Inflows
Roshan Digital Accounts (RDAs), a banking facility designed for overseas Pakistanis to operate digital accounts, have seen foreign currency inflows…
Pakistan at Risk of Defaulting on Debt: USIP
A report from the US Institute of Peace (USIP), a Washington-based think tank, has cautioned that Pakistan is at risk…
Pak Suzuki Motor Company Announces Fourth Price Increase in 2023
Pak Suzuki Motor Company Ltd increased vehicle prices for the fourth time this year. In a circular sent to retailers,…
PSO faces financial crisis amidst falling Pakistani rupee and unpaid LNG bills
Pakistan State Oil (PSO) is grappling with a financial crisis as the Pakistani rupee plummets against the US dollar. As…
SBP raises benchmark policy rate to 21% amid inflation concerns
As anticipated by market experts, the State Bank of Pakistan (SBP) raised its benchmark policy rate by 100 basis points,…