IMF agrees to provide Sri Lanka with a $2.9 billion rescue

The IMF said Sri Lanka had agreed to increase revenue, remove subsidies, ensure a flexible exchange rate and rebuild its foreign reserves, which had hit rock bottom.

Disappointment expressed on FBR’s increased net revenue

FBR revealed that its net revenue increased by over 9 percent to Rs489bn in August, surpassing the Rs483bn target set for the month.

Asia Cup 2022: Pak, India fined 40% match fee for slow over-rate

The first Asia Cup 2022 match between the national cricket teams of Pakistan and India resulted in fines for both teams for slow over rates.

Sony to make a comeback in smartphone market

Sony has scheduled an event for September 1 to introduce their newest Xperia smartphone. A new teaser video suggests that Sony may release a new compact smartphone in the Xperia line.

SBP receives loan tranche of $1.16bn amid dwindling forex reserves

State Bank of Pakistan (SBP) announced on Wednesday that it has received loan tranche of Extended Fund Facility (EFF) totaling to USD 1.16 billion...

IMC and MTL announce shutdown!

Toyota assemblers intimated the Pakistan Stock Exchange about the closure of plant from Sept 1-16 due to parts shortages caused by import restrictions.

PriceOye.pk raises $7.9 million in a seed funding

Technopreneurship and social innovation have helped PriceOye to become one of the leading B2C e-commerce platforms with exponential growth.

Kia to launch large electric SUV EV9 next year

Kia has announced that their November 2021 Los Angeles Auto Show concept, the EV9, will go into production in the spring of 2023.

NEPRA approves relief to K-electric consumers for July bills

Electricity consumers protested on roads as they were bombarded with hefty bills. On account of outrage expressed by the consumers, the National Electric Power...

Amnesty blames Iran, Turkey of pushing back illegal Afghan refugees

Hundreds of thousands fled Afghanistan in August 2021 after the US left the country in a chaotic military pullout, allowing the hardline Taliban Islamists to retake control.

Flash floods and food shortages: issuing import permits for onions and tomatoes

Due to the massive damages caused by the flash floods in Pakistan, food shortages are highly expected. Prices of onions and tomatoes are talking...

China announces assistance of 100 million Yuan for flood victims

The Chinese leadership has expressed sorrow and solidarity with the Pakistani leadership and people in the aftermath of the country's floods.