Business
Business
Nishat Chunian closes operations partially
Nishat Chunian Limited (NCL), one of Pakistan's leading textile enterprises, has partially shut down operations next month owing to market…
Tariffs on baby formula imports will return in 2023
The Wall Street Journal reported on Wednesday that the imported baby formula would again be subject to tariffs again in…
SBP rollbacks import restrictions from January 2023
State Bank of Pakistan (SBP) announced removing import restrictions on January 2, 2023. "Attention of the authorized dealers (ADs) is…
Government sets prize bond cashing deadline
The government has set the deadline for redeeming National Prize Bonds (NPBs). The federal government has extended the deadline for…
Smuggling US dollars to Afghanistan harms Pakistan’s economy
Political unrest and dollar smuggling to Afghanistan are pressuring the Pakistani rupee. Pakistan faces multiple problems, the political crisis being…
SBP extends Banking hours on December 31
The National Bank of Pakistan (NBP) and State Bank of Pakistan (SBP) branches would remain open longer to collect government…
Pak Suzuki shut down production from Jan. 2 to 6.
Pak Sukuzi Motor Company (PSMC) announced to a shutdown of the production factory from January 2 to 6, 2023 PSMC…
In coming weeks, the rupee may fluctuate
As Pakistan's foreign reserves plummet, the rupee will move in a range-bound pattern in the coming weeks. The interbank currency…
Russia ready to boost European gas supplies
Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline, Russian Deputy Prime Minister Alexander Novak told…