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  • Financial Challenges

Tag: Financial Challenges

Pakistan IMF
Latest
  • WEB DESK
  • February 23, 2024
Pakistan seeks $6 billion IMF loan amidst debt challenges

Pakistan is expected to pursue a new loan of at least $6 billion from the International Monetary Fund (IMF), according to a report.

auto financing Pakistan
Latest
  • WEB DESK
  • October 21, 2023
Pakistan’s auto financing sees Rs95.6 billion decline over 15 months

In September 2023, outstanding auto loans in Pakistan experienced a continual decrease, marking the 15th consecutive month of contraction.

Nokia
Latest
  • WEB DESK
  • October 19, 2023
Nokia to cut 14,000 jobs due to poor sales performance

On Thursday, Nokia, the renowned phone manufacturer, revealed plans to slash up to 14,000 jobs as part of a cost-cutting strategy.

Pak Suzuki Stock Market Exit
Latest
  • WEB DESK
  • October 19, 2023
Pak Suzuki announces exit from stock market due to declining profits

In a recent announcement to the Pakistan Stock Exchange, Pak Suzuki revealed that its Board of Directors has made a decision to exit PSX.

Caretake PM calls for faster privatisation of loss making companies in Pakistan
Business Latest
  • WEB DESK
  • October 9, 2023
Caretaker PM urges faster privatisation of state-owned businesses facing losses

In a significant move, caretaker Prime Minister (PM) Anwaar-ul-Haq Kakar has instructed the relevant authorities to hasten the privatisation process of state-owned enterprises (SOEs) facing financial losses.

8 state owned companies Rs2201 billion
Latest
  • WEB DESK
  • September 9, 2023
PIA’s path to recovery: Govt injects ‘critical funds’ to settle debts

Pakistan International Airlines (PIA), grappling with its financial burdens, announced on Saturday that it has found relief as the government injected critical funds into the national carrier. In a statement shared on the social media platform X (formerly known as Twitter), PIA disclosed that the government of Pakistan has stepped in to provide vital financial support, leading to an alleviation of the airline’s fiscal challenges. Additionally, PIA affirmed that its restructuring efforts are progressing as planned.

Latest

Jay Clayton to take charge as US intelligence chief on Monday
  • Reuters
  • August 1, 2026
Jay Clayton to take charge as US intelligence chief on Monday
FIFA chief under pressure as football bodies lose confidence after scrapped $4.2bn deal
  • Reuters
  • August 1, 2026
FIFA chief under pressure as football bodies lose confidence after scrapped $4.2bn deal
PIA flight delayed in Dubai after passenger damages aircraft window
  • WEB DESK
  • August 1, 2026
PIA flight delayed in Dubai after passenger damages aircraft window
SSP Ali Raza replaces Jawad Tariq as DIG Operations Islamabad
  • WEB DESK
  • August 1, 2026
SSP Ali Raza replaces Jawad Tariq as DIG Operations Islamabad
Noted climber Nirmal Purja among 10 dead in avalanche in Pakistan
  • Reuters
  • August 1, 2026
Noted climber Nirmal Purja among 10 dead in Broad Peak avalanche
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