Turkey’s central bank has reduced its key interest rate for the first time in nearly two years, aiming to address persistent double-digit inflation. The monetary […]
Category: Business
OGDCL Restarts Daris West 2 Well with Enhanced Oil, Gas, and LPG Production
The Oil and Gas Development Company Limited (OGDCL) has successfully resumed operations at the Daris West 2 well, marking a significant milestone in Pakistan’s energy sector
Pakistan’s Foreign Loans: A Deep Dive into the Decline in External Funding
Pakistan’s economy has faced a significant downturn in foreign loans and funding from July to November of the current fiscal year, highlighting the growing challenges in managing the country’s financial needs
Non-Textile Exports Surge by 17.6%: A Milestone for Economic Growth
The first four months of the current fiscal year have brought promising news for the country’s economy, as non-textile exports witnessed a significant increase of 17.6%.
Government Allocates Over Rs 50 Billion in Additional Power Sector Subsidies
In a significant move to address the ongoing challenges in the energy sector, the government has announced the release of more than Rs 50 billion in subsidies for the power sector
U.S. stocks rally, recovering significant losses amid economic and political uncertainty.
U.S. stock markets surged on Friday, reversing a week of sharp declines. The S&P 500 climbed 1.8%, on pace for its strongest day in six […]
Pakistan cotton crisis worsens as arrivals decline by 33%.
The ongoing cotton season in Pakistan continues to paint a bleak picture for the country’s textile industry and farmers. The latest report from the Pakistan […]
U.K. inflation hits eight-month high, reducing chances of rate cuts by bank of England.
Inflation in the U.K. surged to its highest level in eight months in November, according to official data released on Wednesday. This rise has solidified […]
Major Tax Law Amendment Bill 2024-25: Key Changes for Filers and Non-Filers in Pakistan
The Tax Law Amendment Bill 2024-25, presented in the National Assembly, introduces significant changes that will impact the financial landscape of Pakistan.