World Business NewsBoeing workers go on strike, halting production after rejecting union-backed contract
First strike in 16 years impacts Boeing's production and supply chain, may cost up to $1.3 billion monthly
Sep 14, 2024
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World Business News
Headlines$5 billion in gemstones smuggled out of Pakistan, parliamentary committee reveals
New gemstone authority proposed as Pakistan struggles with smuggling, losing potential revenue
Sep 13, 2024
World Business NewsSaudi Arabia’s non-oil economy set to grow by 6% by 2030: report
Vision 2030 pushes Kingdom’s shift from hydrocarbon dependency, with major investments in tourism, construction, and entertainment driving non-oil GDP growth
Sep 13, 2024
HeadlinesGovt to unveil Rs650bn mini-budget with focus on tax evasion, higher GST
FBR to target property, tractor taxes, and crack down on non-filers
Sep 13, 2024
HeadlinesGovt pays Rs979 billion to 33 IPPs in capacity payments during FY2023-24
Devaluation of Pakistani rupee has increased both capacity and energy payments, further burdening consumers, Power Division tells NA
Sep 13, 2024
HeadlinesIMF board to discuss Pakistan's $7bn loan request on September 25
Country has obtained the required financing assurances from development partners, says spokesperson
Sep 12, 2024
HeadlinesPakistan seeks $1.2bn Saudi oil facility to bridge IMF financing gap
Country needs $4 billion in commercial refinancing to fulfil its financial obligations.
Sep 12, 2024
HeadlinesPTCL seeks PTA approval for acquisition of Telenor Pakistan and Orion Towers
Competition Commission conducts Phase-II review to assess market impact
Sep 12, 2024
HeadlinesAramco to launch first branded gas station in Pakistan by year-end: report
Saudi oil giant expands retail presence after acquiring 40% stake in Gas & Oil Pakistan
Sep 12, 2024
HeadlinesFBR proposes stringent actions against tax evaders amid IMF pressure
Freeze on bank accounts, property purchase bans, and utility disconnections among proposed measures
Sep 12, 2024
HeadlinesGovt shelves Export Processing Zone in Balochistan due to IMF pressure
Ministry of Industry pushed for the EPZ to promote copper exports from Siah Diq, but the Ministry of Finance opposed the plan
Sep 12, 2024
HeadlinesForeign investors pull out $103.5m from domestic bonds
Experts cite IMF delays and falling returns on T-bills as key factors
Sep 12, 2024