Business
Business
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…
PTA Resumes VPN Service Registration with New Licensing Fees
The Pakistan Telecommunication Authority (PTA) has reopened registration for virtual private network (VPN) service providers, setting class license fees for…
Oil Prices Rise Ahead of Holidays Amid Tight Supply Outlook
Oil prices climbed on Tuesday, rebounding from the previous session’s losses. This increase reflects a brighter short-term market outlook, driven…
KUFPEC Ends Oil and Gas Operations in Pakistan
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) is winding down its oil and gas operations in Pakistan. Hanif Khalid, a…
Honda and Nissan Sign MOU for Joint Holding Company
Honda and Nissan have officially signed a Memorandum of Understanding (MOU) to explore establishing a joint holding company and a…
Starbucks Baristas Expand Strike to Four More US Cities
Late on Saturday, the union revealed that Starbucks employees, represented by Workers United, have intensified their strike by adding four…
Nio Launches Affordable ‘Firefly’ Brand to Compete with Smart and Mini
On Saturday, Nio launched its new budget-friendly brand, Firefly, intended to rival Mercedes’ Smart and BMW’s Mini. CEO William Li…