Business
Business
Pakistan’s Car Sales Plunge by 47.4% in First Four Months of FY 2023-24
Data released by the Pakistan Automobile Manufacturing Association (PAMA) indicates a sharp decline in car sales during the first four…
Tether Freezes $225 Million in Cryptocurrency Linked to Human Trafficking Ring
Crypto firm Tether announced on Monday the freezing of $225 million worth of its cryptocurrency, which was purportedly connected to…
US Dollar Index Dips to Two-Month Low Amid Speculations of Fed’s Rate Hike Pause
The US Dollar (USD) index dropped to its lowest point since early September, continuing its decline as investors speculate that…
Pakistan Establishes Industry Advisory Council to Forge New Industrial Policy
The caretaker government of Pakistan has taken a significant step by establishing the Industry Advisory Council (IAC) to develop the…
U.S. Sanctions on Tankers Shipping Russian Oil to Indian Refiner
The United States sanctioned three oil tankers, Kazan, Ligovsky Prospect, and NS Century, for transporting Russian Sokol crude to Indian…
ADB Grants $250 Million Loan to Pakistan for Power System Enhancement
The Asian Development Bank (ADB) has sanctioned a $250 million loan to Pakistan to enhance the country's power transmission system…
PAX Market Rallies Following $3 Billion IMF Bailout Agreement
Pakistan's financial markets have shown significant positive responses following a staff-level agreement with the International Monetary Fund (IMF) for a…
Pakistan Government Announces Reduction in Fuel Prices
The federal government of Pakistan has announced a decrease in fuel prices. The reduction includes a Rs2.04 per litre decrease…
Natura & Co Sells The Body Shop to Aurelius Group
Natura & Co, a renowned Brazilian cosmetics company, has agreed to sell its subsidiary, The Body Shop, to the private…