Tag: Business News
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PIA set for transformation: Federal cabinet approves privatisation, restructuring
In a significant development, the caretaker federal cabinet has granted approval for the restructuring of Pakistan International Airlines (PIA) and the privatisation of First Women Bank Limited.
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Shell Pakistan’s domestic operations set for sale to Saudi company
On Wednesday, Shell Pakistan (SHEL.PSX) announced that its parent company’s subsidiary, Shell Petroleum Company, has entered into an agreement with Wafi Energy for the sale of its domestic operations.
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PTCL’s profits drop by 7.11% despite revenue increase
Pakistan Telecommunication Company Limited (PSX: PTC) has reported its financial performance for the first nine months of 2023.
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Here’s why Toyota Indus Motor Company is halting car production for one month
Indus Motor Company (IMC), the leading manufacturer of Toyota vehicles in Pakistan, has announced a temporary production suspension lasting a month due to inventory shortages.
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PM Kakar pushes for speedy privatisation of financially troubled state-owned enterprises
Caretaker Prime Minister (PM) Anwaar-ul-Haq Kakar, in a meeting held on Monday, directed the relevant authorities to expedite the privatisation process of state-owned enterprises (SOEs) that are experiencing financial losses.
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Pakistan bonds fall as investors brace for Afghanistan fallout
Pakistan’s international bonds came under selling pressure on Monday as market investors brace themselves for the fallout from the crisis in Afghanistan. Afghanistan’s US-backed government collapsed over the weekend as Taliban fighters seized the capital, Kabul, following a stunning advance that had seen the Islamist group take over most of the country. The likely evacuation…