Business News | PSX | News Updates from Pakistan Economy

Dr Shamshad Akhtar elected as first female PSX chairperson

Former State Bank of Pakistan (SBP) governor and ex-caretaker finance minister, Dr Shamshad Akhtar, was elected as the first female chairperson of the Pakistan Stock Exchange (PSX), the bourse said in a statement on Wednesday.

May 5, 2021
Published in Business

Pakistan cannot increase tariffs or taxes, IMF told: Tarin

Finance Minister Shaukat Tarin said on Wednesday that the International Monetary Fund (IMF) had been informed that Pakistan didn't currently have the capacity to raise its tariffs or taxes under the IMF programme, adding that…

May 5, 2021
Published in Business

16,000 Omanis saved from being laid off, labour ministry claims

Oman’s Ministry of Labour has said it convinced more than 90 companies to reverse their decisions to sack employees or deduct salaries during the first quarter of this year as a result of which 21,000…

May 3, 2021
Published in Business

Bahrain launches wage protection system to limit labour disputes

Bahrain has officially launched the wage protection system which will be completed in phases to protect the wages of private-sector employees and limit labour disputes.

May 2, 2021
Published in Business

SBP to not issue new banknotes on Eid ul Fitr due to COVID-19

The State Bank of Pakistan (SBP) has announced that it will not be issuing new notes on Edi ul Fitr this year due to the coronavirus pandemic.

April 29, 2021
Published in Business

Tesla chief Musk trolls Amazon’s Bezos

The space race between the world’s two richest men went into hyperdrive on Tuesday after Tesla chief Elon Musk took a swipe at Jeff Bezos’ attempt to challenge a major NASA contract.

April 28, 2021
Published in Business

Honda aiming for 100% electric vehicles by 2040

Japanese car giant Honda said Friday it would aim to have electric and fuel cell vehicles account for 100 percent of all sales by 2040 to promote climate goals.

April 26, 2021
Published in Business

Gold prices fall further in local market

Gold rates dropped by Rs650 to Rs103,700 per tola in the domestic market on Tuesday.

April 21, 2021
Published in Business

Britain to look closer at creating digital currency

Britain stepped up efforts on Monday to look at the case for a digital pound in response to the challenge posed by cryptocurencies such as bitcoin, and outlined plans to make its financial market more…

April 19, 2021
Published in Business

Mercedes takes fight to Tesla with new car

Daimler on Thursday unveiled the electric “sibling” of its flagship Mercedes-Benz S-Class luxury sedan, taking the fight to market-leader Tesla in the battle for market share as electric car sales take off.

April 16, 2021
Published in Business

Petrol price in Pakistan slashed by Rs1.79

Federal Minister for Finance Hammad Azhar on Thursday said Prime Minister Imran Khan has approved a reduction in petrol prices.

April 15, 2021
Published in Business

Prices of petroleum products likely to be slashed by up to Rs2

The government is likely to slash prices of petroleum products by up to Rs2, reported on Thursday.

April 15, 2021
Published in Business

Pakistan’s car sales jump 31%, says Asad Umar

Pakistan’s car sales went up by 31 per cent in the first nine months of this fiscal year when compared to last year’s corresponding period, Planning and Development Minister Asad Umar said on Wednesday.

April 14, 2021
Published in Business

After meeting with PM Imran Abu Dhabi crown prince heads back home

PPL receives Rs903m from Byco via NAB

The Pakistan Petroleum Limited has received Rs903.218 million from the National Accountability Bureau (NAB) against outstanding receivables from Byco Petroleum Pakistan Limited, the company announced on Monday.

April 13, 2021
Published in Business

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