Business
Business
PIA Faces Fuel Suspension and Privatization Amid Financial Struggles
On Wednesday, due to outstanding payments, Pakistan State Oil (PSO) ceased fuel provision to Pakistan International Airlines (PIA) at Lahore…
FBR Eyes Shop Size-Based Taxation for Retailers Across the Nation
Based on their shop dimensions, the Federal Board of Revenue (FBR) is contemplating introducing a fixed tax ranging from Rs1,000…
Pakistan’s Debt Skyrockets to Nearly Rs64 Trillion
The State Bank of Pakistan revealed that the central government's debt escalated by almost one-third over the past year until…
Iraq Plans Ban on US Dollar Cash Transactions from 2024
Iraq is set to enforce a ban on cash withdrawals and transactions in US dollars starting January 1, 2024. According…
SBP Assures Safety of Bank Deposits Amid Media Speculations
The State Bank of Pakistan (SBP) has firmly negated media claims suggesting that bank deposits exceeding Rs500,000 might be at…
Power Distribution Shifts to the Private Sector in Pakistan
The caretaker government has decided to transition power distribution companies to the private sector through long-term concessions. This major shift…
Pakistan Stock Exchange Witnesses Significant Surge
Shares at the Pakistan Stock Exchange (PSX) experienced a boost on Wednesday, with the KSE-100 index witnessing a significant rise.…
World Bank’s Economic Blueprint for Pakistan
The World Bank warns of continuous slow growth and high inflation rates for Pakistan, urging the country to enact strong…
NEPRA Reveals Rs3.28 per Unit Electricity Rate Hike
The National Electric Power Regulatory Authority (NEPRA) has taken another significant step in its regulatory procedures by announcing a surge…