‘Official’ and ‘actual’ rates emerge within open market rate of the dollar
Exchange companies association claims the dollar is selling at Rs 312 on the open market. Actual rate on open market hovering around Rs 315. Both rates indicate a gap with the interbank rate that fails to meet IMF criteria.
Layoffs, board resignations as OPay-Finja clash prolongs. What is the dispute and what else is happening behind the scenes?
Finja is pursuing a strategy of going public with their concerns and exploring legal remedies. Meanwhile OPay’s Chinese investors are fast losing faith in Pakistan’s potential.
Saudi Aramco acquires 40% stake in Gas & Oil Pakistan Ltd. (GO) but why?
Deal to bring much-needed FDI into Pakistan, but what is in it for Saudi Aramco?
Malik Riaz’s son allegedly transferred 245 kanals to Farhat Shahzadi for Rs 53.28 crores. What link does this have with the Al-Qadir case?
Former prime minister Imran Khan was first arrested in reference to the Al Qadir Trust Case, which has now unraveled and overrun a number of the former PM’s close associates.
Pizza Hut is set to be sold. But what went wrong with the fast food franchise?
LAHORE: After months of being shuttered, the franchises of Pizza Hut and Burger King are set to re-open in Pakistan after a...
Telenor finally packs up shop from Pakistan, what all will change?
With PTCL acquiring Telenor Pakistan, who is set to benefit the most from the deal?
What on earth happened to TCS & can Saira Awan fix it?
The pace of change can sometimes overtake even the best companies, including those that have achieved the coveted “verb status”. In most...
As B2B startups shut shop or scale down, Bazaar too struggles to tide over current crisis
The startup shuts down nascent pharma and mobile verticals and lays of about 600 people as it eyes profitability
PIA manages to successfully lease Roosevelt Hotel. How did we get here?
In the latest twist in the saga surrounding the Roosevelt Hotel in Manhattan, Pakistan International Airlines has leased the building to a...
Pakistan General Cosmetics Authority bill approved to regulate cosmetics industry
Global cosmetic market currently valued at $341b
NEPRA allows Rs 7 per unit hike in power tariff
Amount to be reflected as FCA of January, billed in March 2024
Fact check: Pakistan’s total reserves stand at $17bn not $22bn
A number of viral tweets have been going around claiming that at the time of Prime Minister Imran Khan’s departure from the...
PSX at four year high as KSE-100 shoots past 48,000 barrier
The Pakistan Stock Exchange (PSX) on Tuesday continued its upward trajectory, with the benchmark KSE-100 index rising by 294.92 points, or 0.62...
High profits expected for banking sector on back of interest rate
Bank Alfalah has registered an increase of 123% in EPS since last year. Others may see similar growth
PIA’s liabilities and assets to be transferred to holding company as privatisation process enters next stage. What will the timeline look like?
Former governor of the State Bank, Tariq Bajwa, has been appointed chairman of the 11 member board as plans for privatisation enter the vital phase-II stage.