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Category: Business

Forbes’ Asia’s Best Under a Billion List Features Three Pakistani Companies

Forbes’ Asia’s Best Under a Billion List Features Three Pakistani Companies

In a notable recognition of Pakistan's corporate prowess, three Pakistani companies have secured spots on Forbes' prestigious "Asia's Best Under a Billion" list. Highnoon Laboratories, Systems Limited, and Tariq Glass Industries have been acknowledged for

State Bank of Pakistan governor says IMF deal boosts forex reserves

State Bank of Pakistan governor says IMF deal boosts forex reserves

State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that the Islamic Republic of Pakistan's $3 billion Standby Arrangement (SBA) with the major financial agency International Monetary Fund (IMF) helped to increase the country's

Predicting Potential Petrol Price Hike in Pakistan for August 16

Predicting Potential Petrol Price Hike in Pakistan for August 16

As the second fortnight of August 2023 approaches Pakistanis are bracing themselves for a possible increase in petrol prices. The caretaker government has indicated that the nation may witness a surge in petrol prices, aligning

Apple’s iPhones, iPads Use Banned for Work Purposes in Russia

Apple’s iPhones, iPads Use Banned for Work Purposes in Russia

Russia has banned employees from using Apple iPhones and iPads for work purposes, citing security issues. Russia's Ministry of Digital Development, led by Maksut Igorevich Shadayev, the Minister of Digital Development, Communications and Mass Media

Pakistan’s Finance Ministry is concern about poverty, inflation, food insecurity

Pakistan’s Finance Ministry is concern about poverty, inflation, food insecurity

The Ministry of Finance of the Islamic Republic of Pakistan has expressed concern over persistent economic challenges, rising poverty, inflation, and food insecurity.  A day after the national assembly and the federal cabinet were dissolved,

Pakistan Stocks Rally as KSE-100 Jumps Over 700 Points

Pakistan Stocks Rally as KSE-100 Jumps Over 700 Points

In a recent turn of events, the Pakistan stock market has witnessed an impressive rally as the KSE-100 index surged over 700 points, reaching a notable 48,510.35 points. This surge has ignited optimism among investors

DISCOs demand further hike of Rs 6 per unit in power tariff

DISCOs demand further hike of Rs 6 per unit in power tariff

The Islamic Republic of Pakistan’s power distribution companies (DISCOs) have demanded an additional increase of Rs 3.50 to Rs 6 per unit in consumer electricity bills.  The National Electric Power Regulatory Authority (Nepra), which is

Weekly inflation rose up to 1.30%

Weekly inflation rose up to 1.30%

Pakistan's weekly inflation surged by 1.30%, and the annualized inflation reached 29.83% by the week ending August 3, driven by significant price hikes in energy and food items. According to the Pakistan Bureau of Statistics

Elon Musk tested live streaming on Twitter

Elon Musk tested live streaming on Twitter

X, formerly known as Twitter, has recently enhanced its 'live videos' feature. During the testing phase, Elon Musk expressed his satisfaction with the improvements, stating that "live videos now work reasonably well." In a brief

PSX hits six-year high record

PSX hits six-year high record

On Thursday, the Pakistan stock market experienced a strong rally, breaking the 49,000 points threshold after a six-year gap. During the same period, the Pakistani rupee also recovered impressively against the US dollar, reaching Rs287.83