Why is the Bank of Khyber faltering?
Profitability takes a hit due to increase in policy rate, branch network expansion and power struggle within the management
IMF seeks additional details on power sector from Pakistani side
The PM had recently said that the govt will soon announce relief measures without defying international commitments.
Pakistan businesses fear default still imminent, Gallup Survey reveals
This survey is the 10th edition of a quarterly Business Confidence Survey conducted by Gallup Pakistan
Public debt has exceeded 60% of GDP limit under the FRDL Act
The Government’s Total Public Debt stood at Rs 59.247 trillion in March 2023
Future of fuel prices bleak as global crude peaks for 2023Â
In under 24 hours of petroleum prices being revised, Pakistan has woken up to a roaring global crude market
Yearly inflation drops to 27.4% in August, but challenges loom ahead
Increased fuel costs and dollar rate indicate higher future inflation.
Toyota records lowest final earnings since CovidÂ
The company has ended its financial year with a final earning of Rs 9.6 billionÂ
Steel sector continues to grumble
The PALSP has raised alarms over the authorities' lack of effective measures to counter the menace of smuggling.
Caretakers brace for impactÂ
The economy is worse than they thought. Have the caretakers bitten off more than they can chew?Â
Amid public outcry, electricity rates expected to surge by Rs1.58 per unit under FCA of July
NEPRA official said that the Sahiwal coal based plants had imported coal when prices were high at $400 per ton.
Rupee falls near Rs325 against US dollar in open market
Spread between the buy and sell rate of the dollar widens in the interbank, reflecting market volatility.Â
More than 120 life-saving medicines vanish from Lahore pharmacies
There seems to be no end in sight for patients in the provincial capital as vital meds for diabetes, heart conditions, and liver disease among 120 that are unavailable.Â
As rupee freefalls, differing exchange rates may land govt in hot water with IMF
The rupee closed at Rs 303.05 against the dollar in the interbank market, and was being sold as high as Rs 323 by exchange companies.
Battle for K-Electric heats up
Statement comes following both parties having declared victory in the Cayman Grand Court’s ruling about K-Electric’s board of directorsÂ
International Organization for Standardization (ISO) suspends Pakistan for non-payment of subscription fee
ISO had outlined the process for membership restoration upon clearing the outstanding fee.