Business

A short report on Economic indicators of Pakistan 2018, It is important to understand the economic situation of the country.  Prime Minister Imran Khan said all the economic indicators showing positivity, As Pakistan has entered in the phase of emerging economy. “Had the economic situation been really bad, there would...

CAIRO: Dubai based ride-hailing company Careem has launched a bus-booking service in Egypt.  Careem has planned to expand the same service in Saudia Arabia and Pakistan.  Bus-Booking - Users of the Careem application will be able to Book a Bus like other services offered by Careem app.  Read More: Careem responds...

KARACHI: Yamaha Motors Pakistan has revised the prices of  YB125Z, YBR 125 & YBR-G 125 motorbikes effective from 14th December 2018. It's the 3rd time in a year when Yamaha Motors Pakistan has revised the prices due to Pakistani Rupee devaluation against US Dollar.  Yamaha Motor Pakistan Price List According...

ISLAMABAD: Finance Minister Asad Umar addressed 11th South Asia Economic Summit organized by Sustainable Development Policy Institute in Islamabad.  "The Current account deficit is also being overcome gradually, Economic indicators improving with exports witnessing upward trend – Finance Minister Asad. Read More:SBP Monetary Policy Statement The Government is successfully overcoming all...

KARACHI: The State Bank of Pakistan (SBP) has released the Monetary Policy statement on 30th November, 2018. The economic data released since the last Monetary Policy Committee meeting in September 2018 shows that the positive impact of recent stabilization measures has started to materialize gradually. Particularly, the current account deficit...

KARACHI: Pakistan's National Flag carrier to induct four new aircrafts which will benefit Pakistan International Airline (PIA) to fly on Sialkot to Barcelona and Lahore to Bankok routes.  The President and CEO, PIA - Air Marshal Arshad Malik informed during address to PIA employees at the Head Office that PIA...

ISLAMABAD: Finance Minister, Asad Umar received a delegation of Pakistan Britain Business Council (PBBC) and its sister organization, Pakistan Scotland Business Council (PSBC) led by Mr. Julian Hamilton Barns and Mr. Rashid Iqbal here Friday. The delegation briefed the Minister about the Councils’ plans for investment and financing different projects...

SHANGHAI:  China's biggest e-commerce company said sales topped $30 billion over a 24-hour period Sunday, soaring past last year's record of about $24 billion. Singles day sale is known as 11:11 or 'Double 11' is the world biggest online sales event.  Read More: Victoria’s Secret Fashion Show 2018: New York The company...

ISLAMABAD: International Monetary Funds (IMF) reportedly pressing The federal government to hike Petroleum Products Prices in Pakistan.  IMF presses the Federal Government to increase the Petrol Prices by Rs.15  within the span of next three months.  According to sources, IMF delegation had expressed dissatisfaction over the performance of the Federal Cabinet and suggested reforms...

State Bank of Pakistan: Bank Islami got hit by a major Cyber Attack and a massive breach of 6.5 Million USD where user Debit Cards and PINs were stolen and published on Dark web for sale. State Bank of Pakistan issued Directives to All the Banks in Pakistan As a...

KARACHI: Pakistan Stock Exchange (PSX) gains 4% after Prime Minister's visit to Saudia Arabia went successfully to bail out Pakistan. The Current Market indicates positivity since the market opening this morning, approx 4% percent increase has been noticed so far. The confidence in the market is back to the track after severe...

Nestlé Pakistan recorded an increase in revenue of 1.8% for the nine months ended September 30, 2018, despite increasingly difficult economic conditions and competitive pressures. The total revenue of the Company increased by PKR 1.7 billion and stood at PKR 94.1 billion. The results were announced upon the conclusion of...