Business
Business
World Bank forecasts Pakistan’s GDP growth 2%
Due to the severe floods and global growth slowdown, the World Bank has lowered Pakistan's GDP growth prediction from 4%…
PTA reports telecom sector’s revenue of Rs694 billion in 2021-2022
Pakistan Telecommunication Authority's (PTA) annual report indicated the telecom sector made Rs694 billion in FY 2021-2022. The telecom sector earned…
Saudi Arabia to increase Pakistan deposit amount to $10b
Pakistan's efforts to strengthen its forex reserves, Saudi Crown Prince Mohammad Bin Salman directed authorities to increase the deposit by…
Pakistanis accumulate 90% USD: FBR
The Federal Board of Revenue (FBR) claims 90% of the dollars are accumulated in Pakistan, while currency smuggling accounts for…
Exchange firms offer Open-market LCs for imports
Pakistan's Exchange firms offered to open and pay for the opening of letters of credit for imports because banks lacked…
Pak Suzuki extends plant closure due to inventory shortages
Pak Suzuki Motor Company Limited (PSMC), one of Pakistan's largest car manufacturers, has extended the plant's closure until January 13.…
Government may impose a 70% Windfall Tax on bank profits
The government is considering imposing a 50% to 70% Windfall Tax on banking profits, similar to the one used in…
Millat Tractors stopped production in Pakistan
Millat Tractors, Pakistan's largest tractor manufacturer, has stopped production due to a lack of demand. According to details, Millat Tractors…
SBP reserves hit lowest since April 2014
As Pakistan paid external debts during a severe economic crisis, the State Bank of Pakistan's (SBP) foreign exchange reserves fell.…