Business
Business
Fuel usage drops 22%, causing a PDL shortfall
The fuel consumption in Pakistan has dropped by a 22% decline in POL product consumption, and Pakistan may face a…
Currency crisis looms in Pakistan
Nomura Holdings, Japan's biggest brokerage and investment bank, warns Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan, and Hungary may…
Gaza beekeepers who survived blockade struggle with unstable climate
This time, it wasn't the bulldozers or the bullets but the rain and the wind. The weather kept the bees…
Saudi Arabia denies OPEC output increase
Saudi Arabia on Monday denied a report that oil producers were discussing a production increase for their next meeting, saying…
Textile sector’s 60% at the edge closure: APTMA
The All Pakistan Textile Mills Association (APTMA) has said that 60% of the textile industry is on the verge of…
Pakistan’s CAD touches $567M in October
In October, Pakistan's Current Account Deficit (CAD) expanded to $567 million. In a Twitter message on Monday, the State Bank of Pakistan (SBP) stated, "CAD was $ 0.57…
Collapsed FTX owes nearly $3.1 billion to top 50 creditors
Cryptocurrency exchange FTX, which has filed for US bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1…
Tesla recalls 321,000 vehicles over taillight software glitch
Tesla recalls more than 321,000 vehicles in the United States because tail lights may intermittently fail to illuminate, the company…
Countries adopt COP27 deal with ‘loss and damage’ fund
Countries adopted a hard-fought final agreement at the COP27 climate summit early on Sunday that sets up a fund to…