Business
Business
PIA Restructured into Two Entities as Federal Cabinet Approves Pre-Election Overhaul
In a strategic move, the federal cabinet sanctioned the restructuring of Pakistan International Airlines (PIA) into two distinct entities: TopCo…
Tyre Smuggling Costs Pakistan’s Economy Rs70 Billion: Industry Demands Action
The local tyre industry is facing significant challenges due to a resurgence of smuggled tyres in the market, exacerbated by…
Caretaker Government Hits Record Rs4 Trillion in Bank Borrowings
The caretaker government led by Prime Minister Anwaarul Haq Kakar has embarked on a substantial borrowing spree, securing almost Rs4…
Pakistan Faces Steep Gas Tariff Hikes Amid Economic Strain
The Oil and Gas Regulatory Authority (Ogra) has announced an increase in the gas tariff, intensifying the financial burden on…
ECP Halts Privatisation of PIA Ahead of Elections
The Election Commission of Pakistan (ECP) has notably halted Pakistan International Airlines (PIA) 's privatisation process. This decision falls under…
HMD Global Set to Launch Exclusive Smartphone Devices, Moving Away from Nokia
HMD Global, the manufacturer of Nokia smartphones for the last seven years, plans to launch its own HMD-branded smartphone mobile…
Jeff Bezos to Sell $8.6 Billion in Amazon Shares Amid Stock Surge
Jeff Bezos, the founder of Amazon, has indicated plans to divest up to 50 million Amazon shares within the forthcoming…
NEPRA Raises Electricity Tariff by Rs 4.56 Amid Fuel Charge Adjustments
The National Electric Power Regulatory Authority (NEPRA) announced an increase in the electricity tariff by Rs 4.56 per unit, attributing…
iPhone Sales Dip in China, Misses Revenue Forecast by $6 Billion
Apple announced a decrease in iPhone sales and a revenue forecast of $6 billion below expectations due to challenges in…