Business
Business
Indus Motor Company Halts Production Due to Insufficient Inventory
The Indus Motor Company (IMC), Toyota's manufacturing arm in Pakistan, has decided to shut down its plant for two days…
Pakistan State Oil Raises Concern Over Growing LNG-Related Circular Debt
Pakistan State Oil (PSO) has expressed concerns that the circular debt tied to the liquefied natural gas (LNG) supply chain,…
State Bank of Pakistan Removes All Import Restrictions in IMF Compliance Move
In a significant turn of events, the State Bank of Pakistan (SBP) announced on Friday that it had removed all…
Sharp Decline in Central Bank’s Foreign Exchange Reserves Adds Risk to External Account
Over the week ending June 16, the foreign exchange reserves of the central bank saw a drastic decline by nearly…
SBP Alerts Banks About Unauthorized Digital Lending Platforms
The State Bank of Pakistan (SBP) has expressed concern about the risks associated with unauthorized mobile applications offering online banking…
Gold Prices in Pakistan Fall for Fourth Consecutive Day Amid Global Rate Decline
The price of gold per tola in Pakistan fell by Rs1,800, marking the fourth consecutive day of decline in sync…
Pakistan’s IT Exports: A Tale of Missed Targets and Future Opportunities
Despite the thriving potential in the global IT landscape, Pakistan is looking at a considerable shortfall in its IT exports.…
ECC Approves K-Electric Surcharge and Grants Worth Billions for Various Ministries
The cabinet's Economic Coordination Committee (ECC) permitted K-Electric, Karachi's only power distribution company, to levy a surcharge of Rs1.52 per…
The State Bank of Pakistan Announces Holiday Dates
The State Bank of Pakistan (SBP) has declared that the central bank will be closed on June 29 and 30…