Govt calls for immediate increase in power rates for farmers, export sector
ISLAMABAD: The government has asked power distribution companies (DISCOs) to immediately implement a decision to increase power tariffs for agricultural tube wells...
February inflation jumps 31.5%, highest rate in nearly 50 years
ISLAMABAD: Following the hike in fuel prices, interest rates, and import constraints, the inflation in the country has registered an all-time high...
SECP requests Google to remove 58 unauthorised digital lending apps
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has requested Google to remove 58 unauthorised digital lending apps on receiving dozens...
Ban announced on manufacturing and sale of traditional fans
ISLAMABAD: The government is going to ban manufacturing and marketing of traditional fans and bulbs from July 1, 2023, Profit learnt on...
Moody’s slashes Pakistan’s credit rating to Caa3 — lowest in 3 decades
PARIS: Global rating agency Moody’s on Tuesday cut Pakistan’s sovereign credit rating by two more notches to ‘Caa3’ — the lowest in three decades...
Austerity Committee directs ministries to implement 15% cut in current budgets
ISLAMABAD: The monitoring committee to oversee the implementation of austerity measures on Monday directed all Principal Accounting Officers (PAOs) of divisions in...
Yousuf Dewan Companies’ automotive wing continues to haemorrhage money
LAHORE: Dewan Automotive Engineering, and Dewan Farooque Motors have both released their earnings for Q2FY23 to the Pakistan Stock Exchange (PSX). Dewan...
Nestlé Pakistan earns record Rs15b profit, highest in history
ISLAMABAD: Consumer goods giant, Nestlé Pakistan Limited (Nestlé), earned a record profit of over Rs 15 billion in 2022. The company made...
Govt to discuss tea, rice barter trade with Kenya
ISLAMABAD: Pakistan and Kenya are all set to hold discussions on trade and cooperation for which the Kenya's agriculture minister has reached...
Sazgar announces first ever set of non-production days for its car plant
LAHORE: Sazgar Engineering Works Limited has notified the Pakistan Stock Exchange (PSX) that it will be observing non-production days (NDPs) from February...
Higher policy rate on the cards
ISLAMABAD: The State Bank of Pakistan was able to raise a total of Rs. 257.74 billion through T-Bill auctions, which happened on...
SBP reserves rise by $66m to $3.258b
KARACHI: The foreign exchange reserves held by the central bank rose by $66 million to $3.258 billion in the week ending Feb...
EDB assures policy approval for electric fans, LED lights and EV bikes
LAHORE:Â The Engineering Development Board (EDB) Chief Executive Officer (CEO) Raza Abbas Shah on Thursday said that a large number of Chinese investors...
SBP set to increase interest rates in off-cycle review, say investors
KARACHI: The State Bank of Pakistan (SBP) is set to raise interest rates as early as this week in an off-cycle review,...
Govt maintains additional customs duties, regulatory duties on imported cars
LAHORE: The Federal Board of Revenue (FBR)Â issued Statutory Regulatory Orders (SRO) 204(I)/2023 and 206(I)/2023 on February 21 to maintain the duties...