The board of directors at Pakistan Telecommunication Company Limited (PTCL) has officially approved the acquisition of Telenor Pakistan, a prominent telecom enterprise offering cellular and […]
Category: Business
Gold Prices Soar in Pakistan, Reaching New High of Rs 2,01,930
In a noteworthy twist of events, the price of gold per tola has undergone a substantial rise, resulting in a nationwide surge of thousands of […]
Closed industries will be operational in a month, government’s assurance to textile exporters
During these discussions, Kharim Mukhtar highlighted the government’s commitment to reactivating stagnant industries to achieve a revenue target of $25 billion. The strategy involves activating industries within a month, maintaining the Industrial Support Package, and ensuring that revenue-generating industries receive refunds amounting to Rs. 35 billion by September 4.
Germany approves 32 billion euro corporate tax relief over four years to stimulate economic revival.
On Wednesday, the German cabinet greenlit a 32 billion euro ($34.77 billion) tax cut package spanning four years, aimed at reinvigorating the struggling economy of […]
IESCO Introduces Installment Plans for Electricity Bill Payments
The Chief Executive of the Islamabad Electric Supply Company (IESCO), Dr. Muhammad Amjad Khan, issued a directive on Monday aimed at assisting customers who are […]
Overseas Pakistanis Inject $137 Million into Economy Through Roshan Digital Account
In a notable economic development, overseas Pakistanis have contributed $137 million to the country’s economy in the month of July through the Roshan Digital Account […]
BP calls for greater investment in oil and gas alongside accelerated energy transition.
BP, a global oil major, has emphasized the need for simultaneous investments in oil and gas production and the acceleration of the energy transition to […]
Low Demand Forces Toyota Indus Motors to Close Assembly Plant
Amid Ongoing Challenges, Toyota Indus Motor Company Declares Additional Non-Production Days. In an official announcement to the Pakistan Stock Exchange (PSX), (IMC) has revealed a […]
In July 2023, Pakistan’s debt increased by $2.8 billion
Pakistan had also received a $100 million facility from Saudi Arabia for oil supply. These various loans presented an opportunity for Islamabad to bolster the State Bank’s reserves. The IMF program imposes a cap on overall guarantees, with a stipulation for the government to keep the limit below $3 billion under the SBP program.