Business
Business
Net Metering Rates Slashed by 50% in New Solar Energy Policy
The Ministry of Energy has initiated the development of a new solarization policy to enhance renewable energy integration across the…
Massive Smuggling of Iranian Oil Exposes Major Revenue Loss in Pakistan
About 10 million litres of smuggled Iranian petrol and diesel enter Pakistan every day, leading to an annual revenue loss…
McDonald’s Misses Quarterly Profit Estimates Amid Sluggish Sales
McDonald's has reported a miss in quarterly profit estimates for the first time in two years. The shortfall is attributed…
Petrol Prices Slashed by Rs5, Diesel by Rs9 Amid Global Price Drops
Petrol and high-speed diesel (HSD) prices in Pakistan are set to decrease by approximately Rs5 and Rs9 per litre, respectively,…
Massive Price Cuts on KIA Vehicles Announced by Lucky Motor Corporation
Lucky Motor Corporation (LMC), the assembler of KIA vehicles in Pakistan, has announced significant price cuts across its range. The…
Banks to Close for Labour Day on May 1, SBP Announces
Banks nationwide will close on Monday, May 1, 2024, in observance of Labour Day, as declared by the State Bank…
Nepra Delays Decisions, K-Electric Customers Face Possible Rs19 Increase
Due to fuel adjustments, Nepra's delay might add Rs19 per unit to K-Electric bills for nine months. Currently, K-Electric's tariff…
IMF Finalizes $1.1 Billion Loan Disbursement Ending Pakistan’s Second Bailout Package
On Monday, the IMF authorized the final $1.1 billion loan instalment, concluding the second bailout package in eight years amidst…
SBP Holds Interest Rate Steady at 22% to Support Economic Stability
On Monday, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) decided to hold the policy rate…