Business
Business
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…
Pakistan’s Weekly Inflation Soars Amid Food and Petrol Price Hikes
Weekly inflation in Pakistan reached a staggering 47.23% year-on-year for the week ending April 19, driven by soaring prices of…
Finance Ministry Opposes Cross-Fuel Subsidies Proposal
The Ministry of Finance is reportedly preparing to strongly object to a preliminary summary on providing cross-fuel subsidies to maintain…
Pakistan’s Current Account Surplus Reaches $654 Million in March
Pakistan Records $654 Million Current Account Surplus in March Following Import Restrictions and Remittance Surge Pakistan's current account recorded a…