Textile Factories Closures Surge, Pakistan Eyes Recovery Plan
In the past sixteen months, more than 1,600 textile factories in the country have ceased operations, as reported by Interim…
Category: Economy
Pakistani rupee faces record decline amid economic challenges
The Pakistani rupee’s persistent decline against the US Dollar has been a topic of concern as it continues to set…
ACE Money Transfer and Bank Alfalah Encourage Overseas Pakistanis to Use ‘Legal’ Channels to Send Money Home
The leading global fintech platform, ACE Money Transfer has entered into a new partnership with Pakistan’s Bank Alfalah to create…
The Advantages of Operating Business in Dubai
Why do People prefer doing business in Dubai including Pakistan? Introduction Dubai, a city renowned for its distinctive skyline, opulent…
Pakistan’s Inflation Sees Slight Dip in August 2023 Amidst Economic Challenges
In August 2023, Pakistan’s Consumer Price Index (CPI)-based inflation experienced a slight decline, coming in at 27.4 percent year-on-year, compared…
Imported Wheat Sets Sail for Karachi Amid Flour Shortage
The voyage of the inaugural vessel, loaded with an impressive cargo of 55,000 tons of wheat, has commenced its journey…
Here Are Three Ways You Can Redefine Your Flipboard Experience
These days, the internet users are bombarded with information left, right and centre making it difficult to select topics that…
RCCI Sets Deadline for Electricity Price Rollback Demand
The Rawalpindi Chamber of Commerce and Industry (RCCI) has issued a stern ultimatum to the government, setting a deadline of…
Saudi Arabia Introduces New Temporary Work Visa for Foreigners
Saudi Arabia has launched a new Temporary Work Visa to attract skilled short-term workers. The new visa is easier to…
Another mishandling by Pakistan: IMF likely to be furious
The International Monetary Fund (IMF) is poised to scrutinize Pakistan’s government for its delay in notifying the gas tariff increase…
Gas Shortage in Karachi: CNG and Industries Face Supply Interruptions
Due to a critical shortage of natural gas in Karachi, the Sui Southern Gas Company (SSGC) has made the tough…
Nepra Approves Rs. 5.40 per Unit Power Tariff Increase for FY23 Q4
The National Electric Power Regulatory Authority (Nepra) has given the green light for a Rs. 5.40 per unit hike in…
PIA Grounds 11 Aircraft Amidst Severe Financial Crisis
In a troubling development, Pakistan International Airlines (PIA) has been forced to ground a significant portion of its aircraft fleet,…
Lucky Cement Starts 2nd Solar Plant to Save Rs 0.5bn/Year
Lucky Cement’s second solar power plant is up and running. The project is initiated with the objective to reduce the…
Price of gold surges to 5000 PKR per tola within a week
In a continued trend, the price of gold in Pakistan marked its fifth consecutive day of growth this week, culminating…
Suspension of ‘Cheap’ Russian Crude Import Due to Imbalanced Refining Process
Recent developments reveal a pause in the import of what was once touted as ‘inexpensive’ Russian crude oil, triggered by…