Coca-Cola, McDonald’s left Russia
MOSCOW: Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorised imports clamoring to fill void they leave behind, a risky bid as courts show little sympathy for firms that depart. Compani...
Pakistan sends back letter of intent to IMF, paving way for board meeting
ISLAMABAD: Finance Minister Miftah Ismail confirmed that government has sent letter of intent (LoI) back to International Monetary Fund (IMF) after fulfilling pre-requisites, paving way for executive board’s meeting. In his conversation with jo...
Pak Suzuki cuts car prices by up to Rs199,000
ISLAMABAD: Owing to sharp recovery in rupee against dollar, Pak Suzuki Motor Company (PSMC) decreased prices of its cars in range of Rs 75,000-199,000. New prices will be applicable from August 16, 2022. Firm slashed prices of its vehicles after Indu...
Miftah hopeful over IMF board meeting on Aug 29
Islamabad: Minister for Finance and Revenue Miftah Ismail said that he was hopeful International Monetary Fund (IMF) executive board would meet on August 29, after which process to disburse funds to Pakistan will start. “There were minor edits...
Grievances of business community to be resolved soon: Ahsan Iqbal
ISLAMABAD: Minister for Planning Development and Reforms Ahsan Iqbal assured business community to address all hurdles in export promotion and investment development within 15 days to facilitate them for enhancing local exports while attracting forei...
FPCCI rubbishes claims private sector not consulted on Pak-Turkiye PTA
Karachi: Irfan Iqbal Sheikh President FPCCI categorically rubbished claims of news articles that private-sector of Pakistan was not consulted on recently signed and well-anticipated Preferential Trade Agreement (PTA) between Pakistan-Turkiye Trade in...
SBP allows exchange firms to export foreign currencies other than dollar
KARACHI: State Bank of Pakistan (SBP) allowed all exchange companies to export foreign currencies other than dollar and bring in greenback in their foreign currency accounts maintained with banks in Pakistan. In a statement issued in this regard, ce...
KSA to extend $3bn safe deposit to assist Pakistan
ISLAMABAD: Saudi Arabia has decided to extend period of its $ 3 billion safe deposit in assistance to Pakistan. According to sources in finance ministry, Kingdom of Saudi Arabia will extend its $ 3 billion safe deposit for one more year adding that...
PM calls for urgent operationalisation of TTA, PTAs with Uzbekistan
ISLAMABAD: Prime Minister Shehbaz Sharif underscored need for urgently operationalising Transit Trade Agreement and Preferential Trade Agreements with Uzbekistan to fully unlock immense bilateral economic potential. ...
How to make a country economically developed?
It was once believed that increasing economic growth will open doors for employment opportunities and in turn raise the living standards of the general public. However, with the pandemic still on the loose, the business world has come to a very diffe...
