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...
Loans under Mera Ghar scheme to be disbursed for approved applicants
ISLAMABAD: The government will continue providing loans under the ‘Mera Pakistan Mera Ghar’ (MPMG) scheme, Federal Minister for Finance and Revenue Miftah...
Cabinet approves Board of Directors for SBP
KARACHI: The Cabinet has approved a list of Board of Directors (BoD) for the State Bank of Pakistan (SBP) submitted by the...
‘No risk of petrol or diesel shortage in country’
ISLAMABAD: State Minister for Petroleum Musadik Malik on Thursday said that there is no risk of a shortage of petroleum products as...
Hyundai introduces new prices, withholding tax, and freight charges for Tucson
LAHORE: Hyundai-Nishat Motors have cited the macroeconomic condition for their changes. These will come into effect from the 21st of July.
The new...
Pakistan’s GDP growth to recover slightly in FY23: ADB
The Asian Development Bank has projected that the Gross Domestic Product (GDP) growth in Pakistan was expected to moderate in FY2022 (ended 30...
NEPRA reserves decision on Rs7.91/unit hike in power price
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday reserved its judgement on a hearing over the approval of a Rs7.91...
PM convenes emergency meeting over economic situation
ISLAMABAD: Prime Minister Shehbaz Sharif has called an emergency meeting on the economic situation of the country, the PM Office said on...
Banks quoting upwards of Rs241 to retire LCs of oil imports from June
Karachi: Profit has been able to confirm that Letters of Credit (LCs) for oil shipments that landed in May and June are...
Miftah, ulema discuss implementation of Shariah in banking system
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail held a meeting with renowned Islamic scholars Mufti Muhammad Taqi Usmani, Dr. Hussian...
Fitch Ratings downgrades Pakistan’s outlook to negative
Fitch Ratings has revised Pakistan’s Outlook to Negative from Stable while affirming its Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'B-'.
According...