HeadlinesMIGA considers $500 million trade finance guarantee for Pakistan
Delegation to discuss credit rating upgrade and Star Hydropower dispute resolution
Feb 19, 2025
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Headlines
HeadlinesPakistan’s external borrowing falls to $4.58 billion in seven months
Figure excludes IMF’s first tranche of $1.03 billion; multilateral and bilateral inflows continue, but no commercial bank borrowing recorded in November
Feb 19, 2025
HeadlinesFBR raises customs value on desiccated coconut imports
Customs Valuation Directorate in Karachi revises import values, setting a new rate of $1 to $1.6 per kg following market analysis
Feb 18, 2025
HeadlinesPakistan sees $194 million in foreign direct investment in January 2025
January FDI up 15% from December, with strong year-on-year growth in the first seven months of FY25.
Feb 18, 2025
HeadlinesPakistan’s IT exports surpass $2 billion in first 7 months of FY25
IT sector sees a 27% YoY growth, with January exports hitting $313 million, as new policies fuel export confidence
Feb 18, 2025
HeadlinesPakistan’s towel industry calls for transparent tax policies and competitive tax regime
Industry leaders urge government to address tax challenges, ensuring long-term growth and enhanced global competitiveness.
Feb 18, 2025
TechElon Musk's xAI rolls out Grok-3 to Premium+ subscribers on X
Grok-3 aims to compete with AI giants like the Chinese firm DeepSeek, Microsoft-backed OpenAI, and Alphabet's Google
Feb 18, 2025
World Business NewsOil market fluctuates with Ukraine-Russia talks and OPEC+ output concerns
Brent crude futures drop 4 cents to $75.18 per barrel, while U.S. WTI crude futures rise 43 cents to $71.17 a barrel
Feb 18, 2025
World Business NewsUkrainian drone attack disrupts Kazakhstan’s oil exports via Russian pipeline
The damage could be repaired in 1-2 months, with Kazakhstan's oil flows dropping 30%, says Russia’s state pipeline operator
Feb 18, 2025
AutomobileTesla begins production of facelifted Model Y at Shanghai plant
Deliveries of the new Model Y will begin in late February, with the current Launch Series available for sale until February 28
Feb 18, 2025
TechSamsung Electronics adds semiconductor experts to board
The company seeks to regain competitiveness in the chip market after losing its lead in HBM chips used in Nvidia's GPUs to domestic rival SK Hynix
Feb 18, 2025
TechSamsung announces $2.11 billion cancellation of its own shares
The company’s board approves the retirement of 50.1 million common stocks and 6.91 million preferred stocks, with cancellation set for Thursday
Feb 18, 2025