News Updates

Category: Business News

Incompetent economic managers shatter the economy

Islamabad, February 07, 2023 (PPI-OT):The Pakistan Economy Watch (PEW) on Tuesday said the so-called economic manager has proved to be the biggest problem to the economy. The policies of incompetent economic managers have pushed the country to the brink of collapse, it said. Recently another unskilled and self-styled economic expert

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Removal of System Constraints continues Another 250 MVA (220/132 kV) autotransformer energized at NTDC’s 500 kV Shikarpur Grid Station

Lahore, February 03, 2023 (PPI-OT):National Transmission and Despatch Company (NTDC) has successfully augmented the second 220/132 kV auto transformer of 160 MVA rating with a 250 MVA rating unit at 500/ 220 kV Shikarpur Grid Station. The said autotransformer was successfully energized today. Completion of this project will enhance the

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Pakistan to face default risk for five years

Islamabad, February 03, 2023 (PPI-OT):The Pakistan Economy Watch (PEW) on Friday said Pakistan to face default risk for five years as the government is not serious about reducing expenses, increasing investment, and booting exports. Even if Pakistan is saved from bankruptcy due to the IMF this year, its condition will

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ICCI calls for promoting Pak-Syria trade and economic ties

Islamabad, February 03, 2023 (PPI-OT):Faad Waheed, Acting President, Islamabad Chamber of Commerce and Industry (ICCI) said that Pakistan and Syria are two brotherly Islamic countries and they can complement each other’s economy in many fields, therefore, they should focus on promoting trade and economic ties to achieve mutually beneficial outcomes.

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Bank Alfalah Kept Up Its Growth Trajectory in 2022

Karachi, February 03, 2023 (PPI-OT):The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on February 2, 2023, approved the Bank’s financial results for the year ended December 31, 2022. The Bank posted a profit after-tax growth of 28.1% compared to last year, standing at Rs. 18.206

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