Pakistan Tehreek-e-Insaaf leader Hammad Azhar has said that according to economic experts, we have technically defaulted. After the economic team meeting chaired by Imran Khan in Zaman Park Lahore, Hammad Azhar said that the country should not be led to further economic instability, economically the country has reached the most critical point. He continued with […]
Picture: The Express Tribune Pakistan’s former finance minister Miftah Ismail was criticizing the performance of the current government and admitted that Pakistan’s default is now at an alarming level. Ismail is also part of Pakistan Muslim League – Nawaz, which is ruling the federal government in the country. In his articles, he has rejected […]
Picture: CNBC Elon Musk has announced to launch Gold, Grey and Blue Verification Ticks on Twitter starting Friday next week. He called it a “painful, but necessary” step. The Twitter CEO further said that verification of all accounts will now be done manually. Musk said on Twitter, “Gold check for companies, grey check for governments, […]
Picture: Business Recorder Japan’s biggest brokerage and investment bank, Nomura Holdings has warned that Pakistan may face currency crisis soon. According to the economists at Nomura, the seven countries that are at the highest risk of a currency crisis include Romania, Sri Lanka, Egypt, Pakistan, Turkey, the Czech Republic, and Hungary. An economist from the […]
JS Bank expanded its shareholding in BankIslami by 7.7% by purchasing 86.3 million ordinary shares from its sponsor Emirates NBD Bank PJSC. According to a stock filing made to the Pakistan Stock Exchange (PSX), “JS Bank Ltd. has acquired 86,316,964 ordinary shares (representing 7.79 percent of the assets) of BankIslami Pakistan Ltd. from Emirates NBD […]
Photo Credit: Dawn After Chairman Pakistan Tehreek e Insaaf (PTI), Imran Khan, was attacked last week, protests broke out in different parts of Pakistan including Sindh, Punjab and KP. Now the recent update is that business operations have been suspended on the main Grand Trunk (GT) road. The road blockage is causing a lot of […]
Photo Credit: Dunya News A UK delegation consisting of Lord Wajid Khan, member of House of Lords, and other prominent businessmen met Pakistan Finance Minister Ishaq Dar on Sunday and expressed their wish to invest in Pakistan. The Finance Minister briefed the delegation from the United Kingdom about the current macroeconomic situation of Pakistan. He […]
Lahore, October 26, 2022: Tourism Development Corporation of Punjab (TDCP), the main wing of Punjab Tourism department, has joined hands with Pakistan’s renowned ride-hailing platform Careem. To increase the magnitude of tourism, this partnership is launching a new car type specifically for guided tours called “Safe and Secure Tourism (SST)” in Lahore. The car type […]
Good news for Pakistan. The largest oil and gas exploration company in the country, Development Company Limited (OGDLC) announced that they have discovered oil reserves from an exploratory well – Toot Deep – 1 Well. The well is in Attack, a district in Punjab. “Based on interpretation results of open hole logs data, Lockhart Formation […]
Photo Credits: Dawn.com Governor State Bank of Pakistan (SBP), Jameel Ahmed said that Pakistan will repay all its debts on time and there are no risks of the country defaulting due to the nonpayment of international debts. Ahmed was addressing the Pakistan Stock Exchange (PSX) and said, “Let me assure you that we will be […]
The government has allowed to increase Paracetamol prices as it cannot offer any subsidy to the company or waive import duties on the raw material. Panadol is a drug used to relieve pain and reduce fever. The drug is high in demand in Pakistan post catastrophic floods and, dengue and malaria outbreak. The manufacturer stopped […]
Pakistan is currently suffering from the worst economic crisis. The double-digit inflation has reduced the purchasing power of people while the government also seems to be struggling with revenue generation. Amidst the existing financial crunch, the International Monetary Fund (IMF) has asked Pakistan to foist nearly Rs. 600 billion additional taxes while urging Islamabad to […]
ISLAMABAD: Nepra has issued a notification to reduce the price of electricity by Rs 4.89 per unit for Karachi while at the same time approving an additional 19 paise per unit for the entire country. According to Express News, Nepra has issued a notification for approval of a reduction of electricity by Rs 4.89 paisa […]
Karachi, October 14, 2022: Careem, the pioneer of ride-hailing services in Pakistan, has recently announced a significant reduction in its commission fees charged to Captains in Karachi, making it the all-time lowest for the city. Careem will be operating on a 15% commission fee model on all car types in Karachi allowing Captains to take […]
With each passing day, the increasing rate of inflation in Pakistan is a big challenge for the nation. The stereotype in society is that only males are the breadwinners of the whole family. But women are no lesser than anyone. They can also earn through their skills. And now it’s the need of the hour […]
Two-day annual property event saw a record-breaking 20,000 people attend, with over 60 exhibitors showcasing more than 200 of the most significant property developments in Pakistan. H.E Sultan Butti Bin Mejren, Director General of the Dubai Land Department opened the Pakistan Property Show describing Zameen.com as a “pioneer in organizing such interactive events in the […]
Since tea is a necessity in almost every household, any kind of tea industry that could be established in Pakistan would be extremely lucrative. According to Aman Paracha, chairman of the Pakistan Tea Association, “it is the beverage that people use on a daily basis.” Thousands upon thousands of dollars are being taken out of […]
India’s performance in the first quarter of 2021 pushed it past the United Kingdom and into the fifth spot on the list of the world’s largest economies. After starting the 2019 fiscal year in the tenth position, the United Kingdom has now risen to the sixth spot. During the quarter ending in March, the US […]
The list of the world’s richest persons will vary from year to year, looking at their latest web value and money performance. Here is the latest list of the world’s high ten richest persons, supported by the time period Bloomberg billionaires Index of August thirty, 2022, and a few fascinating facts concerning every one of […]
Most of Pakistan’s population is alienated into middle-income and lower-income people, where some trickles of privileged personalities hoard immense wealth. According to the Global wealth Indexes, Pakistan’s elite-class capital (assets minus debt) in 2018 was only 0.1 percent. Though India has 16 rich billionaires on the Forbes 2019 list, none from Pakistan made it to […]
