Economy
In a setback, Moody’s Investors services downgraded five Pakistani Banks
ISLAMABAD – Moody’s Investors Service has downgraded the long-term depositratingslinkoffive Pakistani banks to Caa3 from Caa1. The noted rating agency...
Economy
Gold prices in Pakistan register significant decrease
KARACHI – Gold registered downward trend in the domestic market after awhooping increase a day ago as Pakistan rupee gained...
Economy
Massive hike in gas prices on cards
The Oil and Gas Regulatory Authority has accepted for hearing requests mademy Sui Southern and Sui Northern Gas Pipelines Limited...
Economy
Major auto parts manufacturers announce partial shutdown in Pakistan
On Thursday, an auto parts manufacturer Agriauto Industries Limitedinformed the Pakistan Stock Exchange (PSX) that it would partially closeits plant...
Economy
Finance Minister breaks silence over default news amid record rupee devaluation
ISLAMABAD – Finance Minister Ishaq Dar on Thursday rubbished the maliciousrumours about Pakistan’s possible default. In a series of tweets,...
Economy
In a blow, Mobile phone companies stop operations in Pakistan
Pakistan’s mobile industry has been hit by a big blow as mobile phonecompanies stopped operations in the country. According to...
EconomyPakistan
Federal government increased high speed diesel levy to Rs 45/litre
The government has increased the levy on high speed diesel from today(March 1). The levy on high speed diesel has...
Economy
Gold prices registered a single day highest gain in Pakistan
KARACHI – Gold registered a single-day highest gain in the domestic marketas Pakistan rupee plunged to all-time low against the...
Economy
SBP drastically raises the benchmark interest rate to 20
KARACHI – The State Bank of Pakistan (SBP) on Thursday increased thebenchmark interest rate by a significant 300 basis points...
Economy
Federal government yet again increases electricity prices on IMF demand
ISLAMABAD – The federal government has imposed an additional surcharge ofRs3.82 per unit on electricity, in another desperate move for...