Business
Business
PSO faces financial crisis amidst falling Pakistani rupee and unpaid LNG bills
Pakistan State Oil (PSO) is grappling with a financial crisis as the Pakistani rupee plummets against the US dollar. As…
SBP raises benchmark policy rate to 21% amid inflation concerns
As anticipated by market experts, the State Bank of Pakistan (SBP) raised its benchmark policy rate by 100 basis points,…
Oil Prices surge as OPEC+ announces unexpected production cuts
Oil prices experienced a significant surge on Monday following an unexpected announcement by OPEC+ to further decrease production. Top producer…
Pakistan’s debt sustainability indicators worsen amid currency devaluation and interest rate hikes
During the first half of the fiscal year, the finance ministry's semi-annual debt bulletin, Pakistan's key debt sustainability indicators have…
Honda assembly plant extends shutdown amid economic crisis
Honda Pakistan has again announced that the automobile assembly plant in Pakistan will extend its longest shutdown to date by…
Punjab government raises minimum wage to Rs32,000 per month
The caretaker government of Punjab has increased the minimum wage for unskilled workers from Rs 25,000 to Rs 32,000 per…
SBP reserves drop below a month’s import cover.
The State Bank of Pakistan (SBP) reported that its foreign exchange reserves have decreased by $354 million to $4.2 billion…
Pakistan currency dealers offer $24 billion in loans to government
Currency dealers in Pakistan's open market have proposed a plan to lend $24 billion to the government over the next…
Government seeks K-Electric tariff hike to ensure national uniform tariff
The government has requested the National Electric Power Regulatory Authority (Nepra) to raise K-Electric's consumer tariff by up to Rs6.02…