Business
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IMF distances itself from $600m loan
The International Monetary Fund (IMF) on Thursday distanced itself from Pakistan’s decision to arrange the most expensive foreign commercial loan…
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Power demand slumps 17% in Aug
Electricity demand from Pakistan’s national grid fell sharply by 17.4% in August 2024 compared to the same period last year,…
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Reserves hit 26-month high as rupee strengthens
Pakistan’s foreign exchange reserves, held by the State Bank of Pakistan (SBP), increased by $43 million, reaching a 26-month high…
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$100b debt repayment looms in four years
Deputy Finance Minister Ali Pervaiz Malik on Thursday disclosed that in four years Pakistan will have to repay a startling…
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Social media users lack control over data used by AI: report
Social media companies collect, share and process vast troves of information about their users while offering little transparency or control,…
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Gold prices in Pakistan surge by Rs3,500 to settle at record Rs272,000 per tola
Gold prices in Pakistan continued their upward trajectory on Friday, reflecting a surge in international markets. In the local market,…
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Gunvor Group eyes petroleum sector
Gunvor Group Chairman Torbjorn Tornqvist and Total Energies Vice President Mehmet Celepoglu met with Prime Minister Shehbaz Sharif on Monday…
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Govt seeks to cut LNG imports from Qatar
Pakistan is set to formally request Qatar to reduce its liquefied natural gas (LNG) supplies in a bid to relieve…
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Sindh govt urged to address Karachi’s infrastructure
Business leaders in Karachi have urged Sindh Chief Minister Syed Murad Ali Shah and Karachi Mayor Murtaza Wahab to urgently…
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CAA takes Rs50b tax dispute to SC
As the government continues to struggle in maintaining discipline across its departments, the Civil Aviation Authority (CAA) has approached the…
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