IMF sets condition on parity between open market and interbank rates 

The differential cannot exceed 1.25% between the two rates 

Summit Bank  has a new name as it tries to leave the past behind

The name change comes after the bank’s acquisition by UAE-based investor Nasser Abdulla Hussain Lootah.

FBR adds another category for vehicles imported by diplomats 

Vehicles sold within two years of import will be levied 100% of prevailing duties, and taxes 

Pakistan Refinery Limited, and Airlink make joint play for Shell 

Who are these two? Why have they come together? And why do they want Shell? 

Is the Riyadh Airport Authority’s reminder to PIA for being late on payments concerning? 

PIA issued reminder reminded that it needs to pay 8.2 million Riyal by July 15

Process to outsource airports initiated

Operations and management of Karachi, Lahore, and Islamabad airports set to be outsourced to generate foreign exchange 

Pakistan Set to Strengthen Private Security Services with New Regulatory Bill

This is an instrumental step towards ensuring the safety and security of projects that are of national significance

Major changes in the offing at K-Electric 

New owners announce that they have filed to dissolve the holding company that owns KE. 

Govt crawls across IMF finish line

Delayed time and again, the approval concludes a process that exposed some of the economy's deepest flaws.

Pakistani automotive industry sees out worst fiscal year since pandemic

Volume dips year-on-year by 37.7% for a contraction of 8.18 lakh vehicles sold

Cement manufacturers, electricity customers in for a treat as coal prices tumble

Richards Bay Coal futures contracts drop to lowest price since May 2021

Indus Motors set to be first automotive firm to export semi-processed parts to Egypt

IMC will join Toyota’s global supply chain with the Toyota Egypt deal

Mobile manufacturing remained crippled from January to May due to lack of LCs 

PTA’s latest data reveals total mobile sales dipped from 1.334 crore to 52.9 lakh 

PICT clarifies end of operations, handover 

The concession agreement between PICT, and KPT comes to an end as PICT ceases operations

Why and how is HBFC being privatised? 

No new bids received even after the deadline was extended 8 times.