Business
Business
Toshiba accepts $15.2b buyout proposal
Toshiba Corp’s board accepted a $15.2 billion buyout offer from a group led by private equity firm Japan Industrial Partners,…
Pakistan braces for most difficult Ramadan amid hyperinflation
This year's Ramadan is anticipated to be especially difficult for citizens nationwide due to hyperinflation, economic slowdown, and decreased incomes,…
SBP announces Ramadan 2023 bank timings
The State Bank of Pakistan (SBP) announced the banking hours for the holy month of Ramadan. According to the SBP…
Government reveals petroleum pricing strategy under the Petrol relief program
The government has unveiled a strategy for the newly announced petrol relief program, which would be executed in three phases…
Pak Suzuki reports losses of Rs6.3 billion
Pakistan Suzuku Motors (PSMC) reported Rs6.3 billion and $184 million in foreign liabilities for the year ending December 31, 2022.…
IMF rejects Ishaq Dar’s claims link loan program with Pakistan’s nuclear weapons
The International Monetary Fund (IMF) has rejected Finance Minister Ishaq Dar's claims that it linked to the restart of a…
Moody’s downgrades First Republic Bank
Rating agency Moody’s on Friday downgraded the credit of First Republic Bank, citing deterioration in the bank’s financial profile and…
Foxconn gets AirPod order, plans $200 million India factory.
Taiwanese contract manufacturer Foxconn (2317. TW) has won an order to make AirPods for Apple Inc (AAPL.O) and plans to…
Chinese bank agrees to refinance $500m
A Chinese bank has assured Pakistan that it will provide a $500 million refinance credit within the next few days,…