Miftah forecasts pressure on rupee easing within 2 weeks
Finance Minister Miftah Ismail has said that the pressure on the rupee, which has pushed the local currency to drop as much...
Foreign reserves fall by $827m: SBP
ISLAMABAD: The State Bank of Pakistan (SBP) on Friday shared that liquid foreign reserves in Pakistan declined by over $826.9 million during...
Fuel prices to increase due to levy, dealers’ margin hike
ISLAMABAD: The government is likely to increase the prices of diesel and petrol with the start of the next month, Profit learnt...
S&P downgrades Pakistan’s outlook to negative
S&P Global Ratings cut Pakistan’s credit outlook to negative from neutral as the nation’s external position weakens with higher commodity prices, the...
Toyota announces price increase for all CKD unitsÂ
LAHORE: Toyota Indus Motor Company (IMC) has introduced a price increase for all of its completely-knocked-down (CKD) units.
The price increase for its...
ECC lifts ban on imported goods
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday decided to lift the ban on imported goods except for auto...
Another hike in power tariff on the cards
ISLAMABAD: The National Electric Power Regulatory Authority on Thursday reserved its decision regarding a proposed power tariff hike for the consumers of...
Auto parts makers face crisisÂ
LAHORE: Attendants voiced how the industry was on the precipice of a collapse at a conference hosted by the Pakistan Association of...
LPG price hiked by Rs10 per kg without OGRA notification
ISLAMABAD: The prices of Liquefied Petroleum Gas (LPG) on Wednesday increased by Rs10 per kilogram without a notification from the Oil and...
Govt to lift import ban on most luxury items
ISLAMABAD: Finance Minister Miftah Ismail on Wednesday said that the government will lift the ban on the import of certain goods in...
Suzuki likely to observe non-production days in August
LAHORE: Pak Suzuki Motor Company (PSMC) may observe non-production days (NPDs) next month. Profit has been able to confirm this from Shafiq...
Jazz asks employees to gear up for impact
ISLAMABAD: Jazz CEO Aamir Ibrahim on Tuesday communicated his apprehension regarding the economic outlook of the country and its adverse effects on...
Govt increases power tariff by Rs3.50 per unit
ISLAMABAD: Minister for Power Khurram Dastgir on Tuesday announced a hike Rs3.50 rupees per unit in the price of electricity.
Addressing a news...
Expected India-UK FTA alarms Pakistani exporters
ISLAMABAD: With India likely to sign a Free Trade Agreement (FTA) with the United Kingdom (UK) soon, exporters of various products in...
NEPRA approves three-phased Rs7.91 hike in power tariff
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Friday approved the federal government’s request to hike charges for the provision of...