Business

Foreign investors ramp up profit repatriation in Pakistan

Foreign investors ramp up profit repatriation in Pakistan

KARACHI: In a notable development, foreign investors have significantly increased their profit repatriation, reflecting recent economic improvements in Pakistan. According…
Price of gold in Pakistan sees massive decrease

Price of gold in Pakistan sees massive decrease

KARACHI: After a day of slight increase, the price of gold in Pakistan saw a massive decrease on Thursday, reflecting…
Govt opposes KE’s tariff hike request, advises Nepra to slash rates instead

Govt opposes KE’s tariff hike request, advises Nepra to slash rates instead

ISLAMABAD: The government has opposed the K-Electric’s (KE) request for an increase in the multi-year tariff while advising the National…
Pakistan Consumer Confidence Index gains 0.8 points to hit three-year high

Pakistan Consumer Confidence Index gains 0.8 points to hit three-year high

ISLAMABAD: The Pakistan Consumer Confidence Index (CCI) recorded a gain of +0.8 points, reaching its highest level in three years,…
State Bank launches new eCIB system

State Bank launches new eCIB system

KARACHI: The State Bank of Pakistan has launched a new version of the Electronic Credit Information Bureau (eCIB) system V2…
Oil retreats on demand concerns after Fed signals slower easing ahead

Oil retreats on demand concerns after Fed signals slower easing ahead

SINGAPORE: Oil prices fell in Asian trade on Thursday after the U.S. Federal Reserve signalled it would slow the pace…
PSX registers largest single-day decline on profit-taking

PSX registers largest single-day decline on profit-taking

KARACHI: The capital market endured a rollercoaster session on Wednesday, as investor sentiment fluctuated sharply between optimism driven by recent…
Remittances to hit $35bn current fiscal year: FinMin Aurangzeb

Remittances to hit $35bn current fiscal year: FinMin Aurangzeb

ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb said on Wednesday remittances would cross 35 billion dollars in the ongoing fiscal year…
FDI in Pakistan rises to $219 mln in November 2024: SBP

FDI in Pakistan rises to $219 mln in November 2024: SBP

KARACHI: Pakistan recorded 31per cent surge in Foreign direct investment (FDI) in the first five months of the current fiscal…
Record year for coal use in 2024: IEA

Record year for coal use in 2024: IEA

PARIS: World coal use is set to reach an all-time high in 2024, the International Energy Agency said Wednesday, in…
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