Business
Business
IMF asks SBP to increase interest rates by 300 to 400 basis points
The International Monetary Fund (IMF) and the State Bank of Pakistan (SBP) discussed the potential for further monetary policy tightening…
Elon Musk closes two Twitter offices in India
Twitter Inc has closed two of its three offices in India, Bloomberg News reported on Friday, citing people familiar with…
Government presents “mini-budget” to revive IMF program
Finance Minister Ishaq Dar presented the "mini-budget" in the National Assembly and Senate on Wednesday to comply with the International…
Coffee trumps economic crisis as Tim Hortons opens in Pakistan
Pakistanis are queuing for hours to grab coffee and pastries from Canadian chain Tim Hortons, which opened its first outlet…
Pakistani Toyota cars prices following price increase
Toyota vehicle maker in Pakistan, Indus Motor Company (IMC), has increased the price range for its CKD vehicle portfolio from…
To meet IMF demands, Govt increases 1% GST and FED on cigarettes
In a move to comply with the International Monetary Fund (IMF) for the renewal of the bailout program, the government…
Petrol price may hike by Rs20
The government may increase the price of gasoline by Rs20 per liter from February 15, 2023. According to oil industry…
Panic over suspended imports peaks in crisis-hit Pakistan
Pakistan business chiefs are clamoring for the cash-strapped government to allow manufacturing materials stuck at the key port of Karachi…
Before virtual IMF talks, the cabinet raises power tariffs, removes subsidies
The Federal Cabinet adopted a plan to hike electricity rates and eliminate subsidies before a virtual discussion with the International…