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Tag: Financial Recovery

Pakistan Stock Market
Business
  • Web Desk
  • Feb 13, 2024
Stock market rebounds: KSE-100 closes 2.7% stronger after recent setback

Pakistan Stock Exchange (PSX) staged a robust recovery, concluding the session on a positive note following a two-day downturn.

NAB housing scam in Lahore
Business
  • Web Desk
  • Feb 04, 2024
Lahore housing scam victims to receive compensation as NAB recovers Rs2.26 billion

National Accountability Bureau (NAB) Lahore’s DG has announced the successful recovery of Rs2.26 billion in connection with a housing scam.

Energy sector debt
Business
  • Web Desk
  • Jan 25, 2024
PM Kakar calls for strong strategy to tackle energy sector’s debt

PM Kakar underscored the imperative need for an effective, long-lasting, and viable strategy to eliminate revolving debt within energy sector.

power theft drive in Pakistan
Business
  • Web Desk
  • Nov 21, 2023
Rs55 billion recovered, thousands arrested in anti-electricity theft drive

The Power Division, on Tuesday, disclosed the outcome of an ongoing crackdown against electricity theft nationwide.

8 state owned companies Rs2201 billion
Business
  • Hum News
  • 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.

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