Economy
Bank deposits in Pakistan hit highest level of history
The bank deposits in the country have risen to record high after a 15percent jump during the last month. According...
Economy
In a setback, Foreign Banks refuse confirming Letters of Credits for Pakistani oil imports
Following the refusal of other players, Saudi Arabia’s Al-Rajhi Bank is nowthe only foreign bank currently confirming letters of credit...
Economy
Pakistan to face massive inflation after IMF package, warns PM Shehbaz Sharif
Prime Minister Shehbaz Sharif Tuesday said that the conditions set by theInternational Monetary Fund (IMF) will result in ‘more burden’...
EconomyPakistan
Saudi Prince announces to launch tech company in Pakistan
ISLAMABAD – A Saudi tech company has announced launching a Saudi-PakistanTech House in Islamabad tomorrow (Monday). The Saudi tech company,...
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...