Business
Business
PSX dips below 40,000, lowest since July 2022
The Pakistan Stock Exchange (PSX) traded below 40,000 for the first time since July 2022 as the benchmark KSE-100 Index…
World Bank slashes China growth forecasts
The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the…
Govt may raise electricity prices to restore IMF program
The government has devised a proposal with four possibilities for lowering circular debt, including raising the maximum electricity cost by…
Indus Motors closes Pakistan plant due to import delays
Toyota automobile manufacturer Indus Motors Company (IMC) has chosen to close its manufacturing in Pakistan from December 20 to 30.…
PSX drops 387 points for ongoing political and economic insecurity
The Pakistan Stock Exchange (PSX) dropped 387.65 points on Monday due to political instability and following the PTI's chairman Imran…
Goldman Sachs to cut up to 8% of staff: reports
Goldman Sachs could cut up to 8% of its staff, or around 4,000 jobs, according to reports Friday, as the…
Lack of external financing, rupee range-bound against USD in weeks to come
Due to poor market sentiment, the Pakistani rupee to USD may drop somewhat in the following weeks. The local currency…
K-Electric wants an Rs7.04/unit tariff cut in November FCA
Karachi Electric (KE) has applied to NEPRA to cut the power rate by Rs 7.04/unit in January 2023 as part…
High energy costs, 150 textile mills closed in five months.
In the last five months, 150 textile mills have closed, and approximately 2 million have lost jobs because of rising…