Economy

Surplus supply causes drop in Pakistan's oil imports
Business

Surplus supply causes drop in Pakistan's oil imports

Country cancels three cargoes

Pakistan incurs $24.5 million in charges for unutilized borrowings
Top Stories

Pakistan incurs $24.5 million in charges for unutilized borrowings

Government's financial mismanagement costs millions, despite access to cheaper loans

Pakistani banks impose 'new fee' on depositors to prevent paying additional tax
Business

Pakistani banks impose 'new fee' on depositors to prevent paying additional tax

Banks had been liable to pay an additional tax of 10% and 16% if their ADR was less than 50% and 40%, respectively

Neymar now owns a AED 200M penthouse in Dubai’s Bugatti Residences
UAE

Neymar now owns a AED 200M penthouse in Dubai’s Bugatti Residences

Brazilian footballer could be your Business Bay neighbor

UAE eases tax rules for partnerships, family foundations
UAE

UAE eases tax rules for partnerships, family foundations

New measures reduce reporting requirements and enhance tax benefits

Talabat IPO to raise up to €1.5 billion ahead of Dubai stock market debut
Business

Talabat IPO to raise up to €1.5 billion ahead of Dubai stock market debut

Offer, comprising over 3.49 billion shares equivalent to a 15% stake, will run from Nov. 19 to Nov. 28

Pakistan signs $500 million climate loan agreement with ADB
Business

Pakistan signs $500 million climate loan agreement with ADB

Loan aims to enhance institutional frameworks for disaster risk management

India central bank chief's term likely to be extended further, sources say
India

India central bank chief's term likely to be extended further, sources say

The unprecedented move would make him the longest serving chief since the 1960s

Pakistani banks struggle to enhance financial crime tech: PwC
Top Stories

Pakistani banks struggle to enhance financial crime tech: PwC

Technology, data, HR and cost constraints top challenges in financial crime compliance

Pakistan competition watchdog approves Gunvor's acquisition of 50% shares in Total Parco
Business

Pakistan competition watchdog approves Gunvor's acquisition of 50% shares in Total Parco

Total Parco operates a network of over 800 service stations in Pakistan, along with fuel logistics and lubricants activities

Pakistan Stock exchange announces Top 25 Companies Awards for 2023
Business

Pakistan Stock exchange announces Top 25 Companies Awards for 2023

Winners are selected on the basis of their financial performance, governance, operational achievements and ESG related initiatives

Pakistan's Roshan Digital Account inflows reach $8.95 billion by October
Business

Pakistan's Roshan Digital Account inflows reach $8.95 billion by October

From September 2020 to October 2024, net investments through RDA amounted to $1.125 billion

UAE stock market hits $1 trillion milestone
Research

UAE stock market hits $1 trillion milestone

UAE now ranks among the largest in emerging markets, alongside giants like India and China

Pakistan's IT exports surge 39% in October to $330 million
Sci-Tech

Pakistan's IT exports surge 39% in October to $330 million

In the first four months of the current fiscal year, total IT exports have reached $1.21 billion

Foreign investment in Pakistan slows down to $133 million in October
Business

Foreign investment in Pakistan slows down to $133 million in October

In the first four months of the fiscal year, net FDI inflow increased 32% to $904 million

UAE unveils ChatGPT tool for farmers at COP29
Sci-Tech

UAE unveils ChatGPT tool for farmers at COP29

Dubbed 'CHAG', tool aims to revolutionize farming by offering actionable insights, particularly for farmers in challenging climatic conditions

Pakistan posts $349 million current account surplus in October
Business

Pakistan posts $349 million current account surplus in October

This was the third consecutive month that the country's current account was in surplus