Tag: Business News
After electricity, gas price hike on the card in Pakistan
The government intends to increase gas prices by 60% as a measure to reduce the revolving debt in the gas industry. Consequently, with the...
Pakistan discusses relief in electricity bills with IMF
Pakistan has initiated contact with the IMF regarding a plan to reduce electricity prices. Pakistan discusses relief in electricity with IMF: According to officials at...
China and US set to hold fresh talks on trade disputes
Tuesday, the third day of US Commerce Secretary Gina Raimondo's visit to Beijing, will see the start of a new round of negotiations between...
Indus Motor Company’s profit falls 39% YoY to Rs9.66bn in FY23
Indus Motor Company (IMC) announced on Monday that its FY23 profit-after-tax (PAT) was Rs9.66 billion, down roughly 39% from the same period last year's...
European shares lose steam as Powell speech feeds rate concerns
With confidence suffering after Federal Reserve Chair Jerome Powell mentioned the need for additional interest rate hikes at the eagerly awaited Jackson Hole Symposium,...
Gold prices increase Rs2,900 per tola in Pakistan
On Friday, the price of a tola of gold in Pakistan jumped by Rs2,900. Gold prices increase in Pakistan: The price of 24-carat gold in...