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Business
Pakistan’s Headline Inflation Expected to Remain Elevated, Finance Ministry Warns
The Ministry of Finance has warned that headline inflation is anticipated to remain heightened in the upcoming months, further exacerbating…
United Bank Explores Potential Merger with Silkbank Limited
United Bank Limited (UBL), one of Pakistan's largest banks, has disclosed its intention to merge with Silkbank Limited potentially and…
Roosevelt Hotel’s Reopening: ECC Approves Bridge Financing and Committee Formation
The Economic Coordination Committee (ECC) on Friday approved Pakistan International Airlines Investment Limited (PIA-IL) to use $1.145 million from its…
UAE Investor Nasser Abdulla Hussain Lootah Acquires Majority Stake in Summit Bank
Prominent UAE investor H.E. Nasser Abdulla Hussain Lootah has acquired a majority stake in Summit Bank to transform it into…
Pakistan’s Economic Challenges: GDP growth projected to be 0.8%
Significant debt sustainability indicators have deteriorated in the first half of the current fiscal year (from July to December), leading…
Pakistan’s Finance Minister Calls for Greater Efforts to Reach “True Tax Potential”
Finance Minister Ishaq Dar stressed the importance of intensifying efforts to tap into the nation's "true tax potential" and offered…
Pakistan to Receive Highest ADB-Funded Support in 2022 Amid Economic Crisis
Amid an economic crisis fueled by political and geopolitical uncertainties, Pakistan received the highest amount of Asian Development Bank (ADB)-funded…
Oil Prices Drop Amid Rising Interest Rates and Global Economy Concerns
Oil prices slipped on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand…
Pakistan’s State-Owned Enterprises Struggle as Losses Mount
Pakistan's state-owned enterprises (SOEs) are considered the least profitable in South Asia, with their combined losses increasing faster than their…