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Business
SBP Keeps Key Interest Rate Unchanged at 11.5%
WEB DESK: The State Bank of Pakistan (SBP) on Monday kept its key policy interest rate unchanged at 11.5% following the latest meeting of its Monetary Policy Committee (MPC).
The central bank said the committee had decided…
Gold Prices Edge Higher in Pakistan After Previous Session’s Sharp Decline
WEB DESK: Gold prices in Pakistan registered a modest increase on Monday in line with gains in the international market after a sharp decline in the previous trading session.
According to the All Pakistan Gems and Jewellers…
Pakistan’s LSM output declines 0.98% in May despite 5.77% growth in FY2025-26
ISLAMABAD: Pakistan’s large-scale manufacturing (LSM) output declined by 0.98% year-on-year in May 2026, according to data released by the Pakistan Bureau of Statistics (PBS).
On a month-on-month basis, however, industrial…
Pakistan, US discuss options for acquisition of 16 new aircraft for PIA
ISLAMABAD: Pakistan and the United States have discussed the best available options for the acquisition of 16 new aircraft for Pakistan International Airlines (PIA) during a high-level meeting between Interior Minister Mohsin…
Privatisation Commission, ADB sign advisory agreement for Islamabad airport outsourcing
ISLAMABAD: The Privatisation Commission and the Asian Development Bank (ADB) have signed an agreement under which the multilateral lender will serve as the financial adviser for the outsourcing of Islamabad International…
IHC approves merger of Telenor Pakistan with Ufone
ISLAMABAD: The Islamabad High Court (IHC) has approved the merger of Telenor Pakistan (Private) Limited with Pakistan Telecom Mobile Limited (PTML), the operator of Ufone, allowing the transfer of Telenor Pakistan's assets,…
Al Masaood Automobiles renews partnership for Abu Dhabi Summer Sports 2026
ABU DHABI: Al Masaood Automobiles has renewed its sponsorship as the Official Automotive Partner of the fifth edition of Abu Dhabi Summer Sports (ADSS) 2026, marking the third consecutive year of its partnership with the…
SBP bars banks from freezing accounts without legal authority
ISLAMABAD: The State Bank of Pakistan (SBP) has directed banks across the country not to freeze or restrict customers' bank accounts without legal authority and approval from the competent authority, issuing fresh guidelines in…
Al Masaood Automobiles launches summer service campaign across Abu Dhabi
ABU DHABI: Al Masaood Automobiles, the authorised distributor for Nissan, INFINITI and Renault in Abu Dhabi, Al Ain and the Al Dhafra Region, has launched its Summer Service Campaign to help customers prepare…
Lalamove Expands Nationwide in UAE; Launches New Services as Fleet Grows 10-Fold
DUBAI: Marking a highly successful first year of operations, leading on-demand delivery platform Lalamove has announced a massive nationwide expansion across all seven emirates alongside the launch of two new specialized services.…