Business
Business
Turkish Consortium Bids Low for Islamabad Airport Operations
According to Thursday's bid evaluation committee's chairman, a Turkish consortium has bid to take over operations at Islamabad's airport but…
Saudi Arabia Celebrates 2025 as the Year of Handicrafts
Saudi Arabia has proclaimed 2025 the "Year of Handicrafts," an initiative to celebrate its rich cultural heritage through various events,…
Pakistan’s December Inflation Falls to 4.1%, Yet Concerns Persist
In December 2024, inflation indicators began to show signs of easing, although significant underlying pressures persist. The Consumer Price Index…
Pakistan Seeks US Waiver for Pak-Iran Gas Pipeline
The Pakistani government is set to engage with the new US administration to seek a waiver for sanctions on the…
K-Electric Announces Potential Relief of PKR 4.98 per kWh in November 2024
K-Electric (KE) has submitted a provisional adjustment for the monthly fuel charge (FCA) for November 2024, suggesting a PKR 4.98…
PSX Soars, Ranks Second Globally in 2024 Market Performance
In 2024, the Pakistan Stock Exchange (PSX) outperformed all other asset classes, with the KSE-100 Index climbing by 78%. This…
IFC and Local Banks Invest $52.2M in Pakistan’s Tyre Manufacturing
The International Finance Corporation (IFC) and local banks have committed $52.2 million to a new greenfield tyre manufacturing project in…
Federal Cabinet Raises Bank Income Tax to 44%, Abolishes 15% Additional Levy
On Friday, the federal cabinet green-lighted an ordinance eliminating the 15% extra tax on banks' profits from government loans. In…
PSO Approves Sale Purchase Agreement with Azerbaijan’s SOCAR
Pakistan State Oil’s (PSO) Board of Management (BoM) has officially approved the execution of a Sale Purchase Agreement (SPA) with…