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Business
Karachi’s business hub is ownerless, says minister
KARACHI: Karachi, often hailed as Pakistan’s bustling business hub, is facing a myriad of issues, as described by Sindh’s Interim…
Ban on profit outflow lifted as reserves rise
KARACHI: Pakistan has lifted an unannounced ban on foreign companies freely sending their earned profits to their headquarters…
Strict measures help meet IMF’s budget deficit target for Q1
ISLAMABAD: Pakistan has met a key condition of the International Monetary Fund (IMF) regarding reduction in budget deficit during…
PM to raise trade discrepancy issue
ISLAMABAD: Pakistan’s tax chief has requested the country’s prime minister to address the issue of an approximately $4 billion…
Pak Suzuki announces brief closure of plants
KARACHI: Pak Suzuki Motor Company (PSMC) has announced temporary shutdown of its automobile and motorbike plants, citing shortage…
‘Hundi-Hawala being used to import used cars’
LAHORE:
The prevalence of illegal money transfer methods, such as Hundi and Hawala, is taking a toll on Pakistan’s local auto…
Gas tariff hike to fuel inflation
KARACHI: The announcement of a massive hike of up to 193% in gas tariff for different sectors of the economy and households is…
France eyes investment opportunities
ISLAMABAD: Caretaker Minister Shahid Ashraf Tarar engaged in a meeting with French Ambassador Nicolas Galey on Monday, where they…
PIA debt restructuring talks begin
ISLAMABAD: In a significant development, the government and representatives of commercial banks have initiated discussions to…
Rupee at Rs279/$ as IMF review looms
KARACHI: Ahead of the upcoming International Monetary Fund (IMF) economic review, the Pakistani rupee weakened slightly to close…