Business
Business
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…
Pakistan’s Inflation Eases to 28.34% in January 2024, Marking A Decline
The Pakistan Bureau of Statistics (PBS) reported that January 2024 saw a modest retreat in Pakistan's inflation to 28.34% year-over-year.…
PIA Debt Restructuring: Taxpayers Bear Rs268 Billion Burden for Airline’s Path to Privatization
The government and commercial banks have agreed on a Rs268 billion debt restructuring for Pakistan International Airlines (PIA). This decision…
Shell Reports $28 Billion Profit in 2023 Despite 30% Decline from Last Year
Shell announced a $28 billion profit for 2023, a 30% decrease from the prior year, amidst cooling energy demand and…
SBP Eases Trade Regulations, Allows Advance Payments for Imports
The State Bank of Pakistan (SBP) has recently implemented a significant change in trade regulations, notably easing the process for…
NEPRA Considers Major Electricity Tariff Increase of Rs5.62 per Unit
The National Electric Power Regulatory Authority (NEPRA) has preliminarily proposed increasing electricity prices. Based on December's fuel price adjustment, the…
Massive Rs81.5 Billion Electricity Tariff Hike Looms for Pakistan Consumers
Electricity consumers in Pakistan may soon face a major financial burden. Power Distribution Companies (DISCOs) request the National Electric Power…
Pakistan’s Trade Crisis: Surge in Freight Charges Due to Red Sea Tensions
Pakistan's Red Sea trade crisis has led to a dramatic increase in freight charges. Charges have risen by 150%, significantly…
IMF Optimistic Global Economic Growth, Upgrades 2024 Forecast
The IMF has slightly raised its global economic growth forecast, reflecting a positive shift in the United States and China's…