Business
Business
Iranian Rial Demand Rises Sharply in Pakistan amid Market Rush
Demand for the Iranian rial in Pakistan has climbed sharply in recent weeks, with the currency gaining nearly fourfold against…
Saudi Arabia, Qatar to Provide $5bn Support to Pakistan
Saudi Arabia and Qatar's support for Pakistan is expected to provide a crucial financial cushion as Islamabad faces pressure on…
UK pauses Chagos Islands Deal After US Opposition
The Chagos Islands deal, paused by Britain, has reopened debate over sovereignty, military strategy and the rights of displaced islanders, after London said…
PIA Fleet Expansion Plan Targets 60 Aaircraft Amid Revival
The PIA fleet expansion plan is moving to the centre of the airline’s revival strategy, with Pakistan International Airlines aiming…
Chinese Firm Plans $120m Investment in Pakistan’s Tyre Sector
China-backed investment in Pakistan's tyre sector is set to grow further after Service Long March Tyres announced a $120 million expansion…
UK Court Orders SpiceJet to Pay $8 Million in Lessor Dispute
A UK court has ruled that SpiceJet must pay about $8 million to an aircraft engine lessor for unpaid rent and…
US Fourth-Quarter GDP Growth Revised Lower to 0.5%
US fourth-quarter GDP growth was revised lower to an annualized 0.5%, according to the Bureau of Economic Analysis (BEA) of…
US-Iran Ceasefire Oil Prices Rise as Stocks Fall on New Fears
Oil prices rose, and global equities retreated on Thursday as the fragile US-Iran ceasefire story shifted again, with investors worried that the newly…
Pakistan Sees Drop in Energy Production, Higher Imports
Pakistan is facing a decline in energy production as domestic output falls and reliance on imports grows. The latest figures…