Business
Business
Pakistan’s debt sustainability indicators worsen amid currency devaluation and interest rate hikes
During the first half of the fiscal year, the finance ministry's semi-annual debt bulletin, Pakistan's key debt sustainability indicators have…
Honda assembly plant extends shutdown amid economic crisis
Honda Pakistan has again announced that the automobile assembly plant in Pakistan will extend its longest shutdown to date by…
Punjab government raises minimum wage to Rs32,000 per month
The caretaker government of Punjab has increased the minimum wage for unskilled workers from Rs 25,000 to Rs 32,000 per…
SBP reserves drop below a month’s import cover.
The State Bank of Pakistan (SBP) reported that its foreign exchange reserves have decreased by $354 million to $4.2 billion…
Pakistan currency dealers offer $24 billion in loans to government
Currency dealers in Pakistan's open market have proposed a plan to lend $24 billion to the government over the next…
Government seeks K-Electric tariff hike to ensure national uniform tariff
The government has requested the National Electric Power Regulatory Authority (Nepra) to raise K-Electric's consumer tariff by up to Rs6.02…
Pakistan defers agreement to hand over three airports to foreign country
The Pakistani government has declined to endorse an advisory service agreement with an arm of the World Bank Group for…
Shortage of critical medicines in Pakistan due to Pharma’s price dispute
The pharmaceutical industry in Pakistan is facing an acute shortage of critical medicines due to a simmering price dispute with…
Pakistan government permits all imports
After the ban on the import of 826 products between 2017 and 2022, Pakistan has reopened all imports subject to…