Banking Sector ADR Rises to 47.8%: Concerns and Implications
As of November 29, 2024, Pakistan’s banking sector witnessed a remarkable improvement in its Advance-to-Deposit Ratio (ADR), reaching 47.8%. This
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Business
K-Electric Solar Projects Receive Record Low Bids
Introduction In a significant move towards expanding its renewable energy portfolio, K-Electric (KE), a major power utility in Pakistan, has
Read MorePIA Sale: Key Steps and IMF’s Consent for Successful Privatization
The privatization of Pakistan International Airlines (PIA), the national carrier, has faced numerous challenges in recent years. However, significant progress
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ADB Supports Pakistan’s Power Distribution Modernization
The Asian Development Bank (ADB) has approved a loan of $200 million to support Pakistan’s efforts to modernize its power
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PSX Declines Due to Profit-Taking and Geopolitical Fears
Introduction The Pakistan Stock Exchange (PSX) experienced significant volatility on Tuesday, with the KSE-100 index recording a sharp decline of
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Surge in Passenger Car Sales by 49.7%
The automotive industry in Pakistan has witnessed a remarkable growth in passenger car sales, with an increase of 49.7% in
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K-Electric Seeks Approval from NEPRA for Rs 68 Billion Write-Offs
K-Electric’s proposal for Rs 68 billion in write-off claims has sparked extensive debate during a recent hearing convened by the
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PSX Hits 111,000 Points
Pakistan’s stock market achieved a historic milestone as the KSE 100 index crossed the 111,000-point mark for the first time
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PAF Acquires PEC from PIA
ISLAMABAD: In a significant move to streamline its assets, the government has decided to sell a business unit of Pakistan
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Remittances Soar to $2.9 Billion in November 2024
Overview of Remittance Growth KARACHI: Pakistan recorded a significant inflow of workers’ remittances amounting to $2.9 billion in November 2024.
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