Business
Saudi Aramco Posts 25% Profit Rise Amid Supply Disruptions
Saudi Aramco, the world’s largest oil exporter, announced a 25% increase in its first-quarter net profit, reaching $32.5 billion for the three months ending March 31,…
Business
Business
Sony Music Publishing Acquires Recognition Music Catalog for $4B
Sony Music Publishing announced on Monday its acquisition of the entire Recognition Music Group catalog in a deal valued at approximately $4 billion. The purchase grants…
Business
Petrol Price Hike Challenged in Lahore High Court
A petition has been filed in the Lahore High Court (LHC) challenging the recent increase in petrol prices announced by the federal government. The petitioner has…
Business
Banks Reject 91% E-Bike Applications, Govt Revises Policy
Pakistan’s government has revised its electric bike (e-bike) subsidy policy following a significant rejection rate of financing applications by commercial banks. The initial scheme, aimed at…
Business
South Air Receives First ATR 72-500 to Boost Regional Flights
South Air has received its inaugural ATR 72-500 aircraft, marking a significant development in Pakistan’s efforts to enhance regional aviation connectivity. The introduction of this aircraft…
Business
IMF Approves $1.2 Billion for Pakistan in Two Facilities
The International Monetary Fund (IMF) has approved a combined loan package worth $1.2 billion for Pakistan, distributed through two separate financial facilities. This approval aims to…
Business
Federal Govt Considers Transferring BISP to Provinces
The federal government of Pakistan is contemplating the transfer of the Benazir Income Support Programme (BISP) to provincial administrations, a senior official confirmed recently. The prospect…
Business
Pakistan to Issue First Yuan Bond Worth 1.75bn Yuan
Pakistan is set to make its debut in China’s onshore bond market by issuing yuan-denominated bonds valued at up to 1.75 billion yuan, equivalent to approximately…
Business
US May Revoke Passports Over Unpaid Child Support Debts
The United States government is considering stringent new measures against citizens who fail to meet court-ordered child support payments, including the possible revocation of passports for…
Business
Bitcoin Hits 3-Month High Amid Rising Profit-Taking
Bitcoin recently surged to a three-month peak, prompting an increase in profit-taking among investors following the cryptocurrency’s latest price rally. Julio Moreno, Head of Research at…
