Pakistan Requests $1 Billion Oil Facility from Saudi Arabia Ahead of IMF Negotiations

Pakistan Requests $1 Billion Oil Facility from Saudi Arabia Ahead of IMF Negotiations

As Pakistan gears up for discussions with the International Monetary Fund (IMF), the government has reached out to Saudi Arabia, asking for a significant financial favor. They've made a formal request for a $1 billion

Government Increases Sugar Prices Due to Shortages

Government Increases Sugar Prices Due to Shortages

In a recent Development the Government-owned Utility Stores Corporation (USC) has decided to Raise the Price of Sugar by Rs8 Per kilogram. This Price Hike comes as the USC is Facing a Shortage of Sugar

Major Gas Price Increase Approved by the Government

Major Gas Price Increase Approved by the Government

In a Recent Decision the Government of Pakistan has Given the Green light for a Significant increase in Gas Prices and this is likely to affect the Wallets of the General Public. The Economic Coordination

Instagram apologizes for adding ‘terrorist’ to Palestinians

Instagram apologizes for adding ‘terrorist’ to Palestinians

Meta has apologized after for including “terrorist” into the profile bios of a few Instagram users describing themselves as Palestinian. In a weblog put up, Meta stated it is constantly a “hassle” faced by a

PTCL Group’s Acquisition of Telenor Pakistan Nears Completion

PTCL Group’s Acquisition of Telenor Pakistan Nears Completion

The PTCL Group, a major Telecom Company is in the final Stages of securing a big deal to acquire Telenor Pakistan, another telecom company. They need approval from the State Bank of Pakistan (SBP) for

Electricity Tariff Likely to Increase in Pakistan

Electricity Tariff Likely to Increase in Pakistan

Recently, the National Electric Power Regulatory Authority (NEPRA) in Pakistan received a request from the Central Power Purchasing Agency (CPPA) to raise the electricity tariff by 55 paisas per unit. This might mean that the

Pakistan’s Rupee Depreciation and Its Struggle with Decreasing Dollar Inflows

Pakistan’s Rupee Depreciation and Its Struggle with Decreasing Dollar Inflows

The Pakistani rupee has been losing value against the US dollar for the second month in a row due to a decrease in the inflow of US dollars. This means that Pakistan received fewer loans

PTCL in Talks for $400 Million Loan to Buy Telenor Pakistan

PTCL in Talks for $400 Million Loan to Buy Telenor Pakistan

The Pakistan Telecommunication Company Ltd (PTCL) is in talks with the International Finance Corporation (IFC) a part of the World Bank, to Secure a $400 million loan. The purpose of this loan is to help

US Dollar Loses Value Against Pakistani Rupee in Interbank Trading

US Dollar Loses Value Against Pakistani Rupee in Interbank Trading

In a significant development, the US dollar has become less valuable when traded for Pakistani rupees. During Monday's Morning trading, the dollar's worth dropped by a Substantial Rs 1.22, going from Rs 277.62 to Rs

PIA’s Employee Bonus Amid Financial Challenges

PIA’s Employee Bonus Amid Financial Challenges

Pakistan International Airlines (PIA) is a company that helps people fly from one place or  country to another. Even though they are losing a lot of money, over Rs740 billion, they have decided to give