The multinational companies profits in Pakistan saw a sharp rise in 2025, driven by improved foreign exchange conditions, relaxed payment restrictions, and the State Bank’s ongoing efforts to clear pending profit repatriation backlogs.
Category: Business
Electricity prices likely to drop by 65 paisa per unit as CPPA seeks fuel adjustment for October
ISLAMABAD: Electricity consumers across Pakistan are expected to receive relief as the Central Power Purchasing Agency (CPPA) has requested a 65-paisa per unit reduction under […]
Pakistan’s plan to issue Panda Bonds in 2025 has been dropped
According to the report, Pakistan had initially aimed to issue $250 million worth of Panda Bonds in the Chinese capital market in December 2025. However, […]
Oil Prices Slip as Russia Resumes Exports from Novorossiysk After Ukrainian Strikes
Oil prices declined in early Asian trading on Monday, reversing last week’s gains, after Russia resumed loadings at its major Black Sea export hub, Novorossiysk, […]
Diesel Shortage in Pakistan Raises Concerns as Dealers Warn of Artificial Crisis
Reports of a growing diesel shortage in Pakistan have sparked widespread concern as fuel traders warn that petrol pumps across the country are running dry. […]
Pakistan Dollar Bonds Rally as Market Confidence Strengthens
The strong performance of Pakistan dollar bonds in 2024 has captured global attention as the country’s improving credit profile and plans to re-enter international debt […]
FBR Single Portal: A Unified Step Toward Secure and Efficient Tax Filing
The recent restructuring of the FBR Single Portal initiative marks a major milestone in Pakistan’s journey toward modern, transparent, and secure tax administration. By bringing the Federal Board of Revenue (FBR) and all four provincial
Pakistan Approves Exploration of 23 Offshore Oil and Gas Reserves
The exploration of offshore oil and gas reserves in Pakistan has taken a major step forward as the Directorate General of Petroleum Concessions (DGPC) officially approved the exploration of 23 new offshore blocks
Parag Agrawal’s AI startup parallel web systems raises $100 million to build Web infrastructure for AI agents.
SAN FRANCISCO: Former Twitter CEO Parag Agrawal’s startup Parallel Web Systems has raised $100 million in a Series A funding round to develop web search […]