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Business

PIA privatisation bid: These private airlines show interest to takeover national airline

20 Sep 2024

PIA privatisation bid: These private airlines show interest to takeover national airline

The bid for PIA’s privatisation is set to take place on October 1, 2024.

SBP's forex reserves witness rise for 9th straight month

20 Sep 2024

SBP's forex reserves witness rise for 9th straight month

The SBP reserves rise to $9.51 billion week-on-week.

Power suppliers seek negative FCA in upcoming months

19 Sep 2024

Power suppliers seek negative FCA in upcoming months

The public hearing of Nepra will be held on September 26.

Current account posts $75m surplus in August

19 Sep 2024

Current account posts $75m surplus in August

Inflows from foreign remittances and a rise in IT exports boost the account.

Pakistan's rice exports reach $3.9 billion in FY23-24

17 Sep 2024

Pakistan's rice exports reach $3.9 billion in FY23-24

At least 580,000 tonnes of Basmati and no Basmati rice were exported.

Nepra issues show-cause notices to three IPPs

17 Sep 2024

Nepra issues show-cause notices to three IPPs

Nepra allowed them to file an explanation with all documentation and evidence.

ADB assures Pakistan of $2 billion in financial assistance annually

17 Sep 2024

ADB assures Pakistan of $2 billion in financial assistance annually

Out of every $2 billion ADB will take $1 billion at a 2 percent fixed rate.

Sindh govt scraps pension, gratuity for new employees

15 Sep 2024

Sindh govt scraps pension, gratuity for new employees

As per the scheme approved by the Sindh Cabinet, newly hired provincial employees will now be part of the Defined Pension Scheme.

Short-term inflation reaches over 14% in Pakistan

14 Sep 2024

Short-term inflation reaches over 14% in Pakistan

A slight decline in fuel prices cut transportation rates.

Business community demands policy rate cut to single digit

14 Sep 2024

Business community demands policy rate cut to single digit

200 bps cut is insufficient to boost the growth.

Pakistan loses $5 billion due to smuggling of precious gemstones

13 Sep 2024

Pakistan loses $5 billion due to smuggling of precious gemstones

The committee also learned that rubies from Swat, Gilgit, and Kashmir regions are considered more precious than Western diamonds.

SBP's foreign exchange reserves rise to over $9 billion

13 Sep 2024

SBP's foreign exchange reserves rise to over $9 billion

The statistics showed an increase of $30 million in reserves.

Govt mulls hiking GST to collect Rs650 billion for mini-budget

13 Sep 2024

Govt mulls hiking GST to collect Rs650 billion for mini-budget

GST would be increased on properties, tractors and other items.

IMF to review Pakistan’s $7b loan request on Sept 25

12 Sep 2024

IMF to review Pakistan’s $7b loan request on Sept 25

IMF spokesperson Julie Kozack confirmed the board’s meeting date and praised Pakistan’s progress.

SBP cuts policy rate by 200bps to 17.5%

12 Sep 2024

SBP cuts policy rate by 200bps to 17.5%

New policy rate will be effective from today.

FBR decides to cut electricity and gas connections of non-filers

12 Sep 2024

FBR decides to cut electricity and gas connections of non-filers

Rs1 million fine will also be imposed.

Petrol price likely to be slashed by Rs12 from Sep 16

12 Sep 2024

Petrol price likely to be slashed by Rs12 from Sep 16

The new rates will be effective from September 16 to 30.

Gold reaches historic high of Rs264,000 per tola in Pakistan

11 Sep 2024

Gold reaches historic high of Rs264,000 per tola in Pakistan

Gold price registered an increase of $23 per ounce in international market.

Govt withdraws power subsidy for $7 billion bailout programme

11 Sep 2024

Govt withdraws power subsidy for $7 billion bailout programme

Punjab’s information minister Azma Bukhari confirmed the development.

Auto sales rise 36% in 2MFY25 despite plant shutdowns

11 Sep 2024

Auto sales rise 36% in 2MFY25 despite plant shutdowns

Sales of LCVs, pickups, and jeeps have surged by 1 percent.

Finance Czar hints at bringing reforms in pension laws

11 Sep 2024

Finance Czar hints at bringing reforms in pension laws

FinMin shared his views in the Senate Committee meeting.

Remittances from overseas Pakistanis surge by 44%

10 Sep 2024

Remittances from overseas Pakistanis surge by 44%

The data showed an increase of $1.813 billion.

CPPs' closure may increase gas companies' losses over Rs400 billion

9 Sep 2024

CPPs' closure may increase gas companies' losses over Rs400 billion

The consumption of RLNG also declined significantly.

Delay in IMF's bailout programme may devalue Pakistani rupee: report

9 Sep 2024

Delay in IMF's bailout programme may devalue Pakistani rupee: report

SBP is set to announce a new interest rate on September 12.

Petroleum products prices likely to drop for fourth consecutive fortnight

7 Sep 2024

Petroleum products prices likely to drop for fourth consecutive fortnight

Government could increase a petroleum levy of Rs5 per litre.

Nepra increases power tariff for three months

7 Sep 2024

Nepra increases power tariff for three months

The hike aimed to provide funds to the ex-Wapda distribution companies.

Pakistan's T-bills record outflows of $78 million in August

7 Sep 2024

Pakistan's T-bills record outflows of $78 million in August

Experts believed two key factors causing a decline.

IMF asks Pakistan to end federal funding in provincial projects

6 Sep 2024

IMF asks Pakistan to end federal funding in provincial projects

IMF wanted to review the PSDP plan 2024-25

Govt's debt increases by Rs537 billion in July

6 Sep 2024

Govt's debt increases by Rs537 billion in July

The country is stranded in double debt.

IMF demands FBR to bridge August revenue shortfall

4 Sep 2024

IMF demands FBR to bridge August revenue shortfall

FBR has managed to collect only Rs790 billion.

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