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Tag: Financial Challenges

Pakistan IMF
Latest
  • WEB DESK
  • Feb 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
  • Oct 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
  • Oct 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
  • Oct 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
  • Oct 09, 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
  • Sep 09, 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

G-B cabinet formation expected within days, says CM Amjad Hussain
  • WEB DESK
  • 11 Hours ago
G-B cabinet formation expected within days, says CM Amjad Hussain
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  • 11 Hours ago
Marquez’s German GP win reshapes MotoGP title battle
Thousands stopped at airports over incomplete and suspicious travel documents, FIA reveals
  • WEB DESK
  • 11 Hours ago
Thousands stopped at airports over suspicious travel documents, FIA reveals
Pakistani students win three bronze medals at 56th International Physics Olympiad
  • WEB DESK
  • Today
Pakistani students win three bronze medals at 56th International Physics Olympiad
Who was Lindsey Graham? A look at the life and career of the longtime US senator
  • WEB DESK
  • Today
Who was Lindsey Graham? A look at the life and career of the longtime US senator
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