Business
Business
Govt Announces Major Hike in Gas Prices
The federal cabinet, led by Prime Minister Anwaarul Haq Kakar, approved a hike in gas prices on Monday to garner…
SBP Retains Policy Rate at 22% Amidst Economic Developments
The State Bank of Pakistan (SBP) confirmed on Monday that it decided to retain the key policy rate at 22%,…
Petroleum Ministry Announces Revised Oil Dealers Margins
The Petroleum Ministry is set to implement revised margins for dealers and oil marketing companies (OMCs) starting November 1. Recommendations…
LESCO Recovers Rs 1.65 Billion From Defaultors
The Lahore Electric Supply Company (LESCO) has recouped outstanding dues across five districts. In just over a month, through a…
Inflation Soars in Pakistan Amid Rising Energy and Food Costs
Pakistan's weekly inflation, as per the Sensitive Price Indicator (SPI), was a significant 29.65% hike during the week ending on…
Russian Rouble Hits Six-Week High Following Aggressive Interest Rate Hike
The Russian Rouble soared to a six-week peak against the US Dollar on Friday, propelled by the Bank of Russia's…
PIA Secures Rs20 Billion Lifeline as Government Greenlights Emergency Funding
Pakistan International Airlines (PIA), grappling with an operational and financial crisis, is poised to secure a substantial lifeline following the…
K-Electric Receives Record Federal Subsidy of Rs169 Billion
The recent financial disclosures within Pakistan's energy sector have illuminated the federal government's role in sustaining the operational viability of…
State Bank of Pakistan Imposes Heavy Fines on Banks for Regulatory Violations
The State Bank of Pakistan (SBP) has taken stringent action against regulatory non-compliance, sanctioning four commercial banks with heavy fines…