Packages Limited Becomes First Company in Pakistan to Deploy SAP Sustainability Solutions
“We are proud to be the first to take this leap and are confident it will drive significant positive change,”…
Economy
Follow the latest economy news, inflation updates, currency movements, interest rates, trade, taxation, employment, government budgets, energy prices, and financial policy developments from Pakistan and around the world. Get clear reporting and analysis on the economic indicators and decisions that affect households, businesses, investors, and national growth. Economic coverage commonly includes policy, jobs, trade, banks, inflation, taxes, and broader economic conditions.
Federal govt decides to close down utility stores countrywide
Utility stores’ administration said that the decision raised serious concerns among 6,000 permanent employees as well as 5,000 daily wagers….
Pakistan seeks $4bn loan from Middle Eastern banks
Pakistan has pitched about $20bn in foreign borrowing for the current FY budget, besides another $3bn rollover from the UAE…
ECC approves supplementary grant of Rs. 20 billion for operation Azm-e-Istehkam
Another TSG of Rs. 1951.995 million on account of payment of security charges – Reko Diq Project to Frontier Corps…
Millat Tractors suspends production in Pakistan: Here’s why
MTL reiterated that the current production stoppage is solely due to ongoing issues with GST refunds and is not related…
SBP to introduce plastic currency notes in Pakistan, Senate committee told
“The Rs 5,000 note will not be phased out and no such proposals are being considered.” The SBP governor said….
Foreign Direct Investment rises 64% in July 2024
In July 2024, foreign direct investment inflows stood at $198 million, up 29 percent from $153 million in July 2023….
Airline offers up to 50% discount on international travel: Details inside
Saudia has offered a discount on flights from its major hubs—King Abdulaziz International Airport in Jeddah and King Khalid International…
Pakistan petroleum import bill receives hike by 40%
The transport sector experienced a decrease in its import bill, down by 4.81% year-on-year to $147.78 million from $155.25 million…
Over 100 factories shut down in Faisalabad due to high cost
Mukhtar highlighted that increased taxes and delays in refund payments are causing widespread frustration in the industry, which requires urgent…