Business

Business

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…

3 Min Read

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…

3 Min Read

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,…

2 Min Read

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…

1 Min Read

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…

0 Min Read

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…

2 Min Read

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…

3 Min Read

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…

3 Min Read

Pakistan Stock Exchange Hits New High, Crossing 73,000 Points

The Pakistan Stock Exchange (PSX) kicked off the week with a robust start, achieving a new milestone as it surpassed…

2 Min Read