Card image cap

Solar Energy Sector Faces Hurdles with New Net Metering Policy

The changes in the net metering policy are expected to increase the payback period for consumers who have installed or planned to install oversized solar systems, but the falling solar panel and equipment prices will keep the payback period short for those with just enough capacity for self-consumption, ultimately affecting the growth of the solar energy sector in Pakistan.
Card image cap

Rs40,000 Prize Bond Draw Scheduled for March 10, 2025

The prize bond scheme offers a secure investment option, with various denominations and prizes available, making it a popular choice for individuals looking to save money and potentially win big prizes, with the grand prize for the Rs40,000 and Rs25,000 bonds being Rs80 million.
Card image cap

State Bank of Pakistan Liquidity Injection Amid Eid-ul-Fitr

The operations conducted by the SBP demonstrate its commitment to managing liquidity and stabilizing the economy, which is essential for the country's financial health, especially during significant events and festivals like Eid-ul-Fitr, where financial transactions and exchanges are more frequent.
Card image cap

Pavel Durov's Release Sparks Toncoin Price Surge

The Toncoin price surge is likely to be short-lived, with weak on-chain metrics and a potential downtrend indicating a move below $3, as investors sell the Durov release news and the token's inflation rises to 0.40%.
Card image cap

Neom Saudi Arabia Faces Financial Disaster

The Neom project's financial struggles have sparked concerns about the potential consequences for Saudi Arabia's economy, with the estimated cost exceeding the country's annual budget 25 times, and the completion time expected to take 55 years.
Card image cap

Saudi Riyal to PKR Today Reaches Rs74.71

The exchange rate fluctuations and remittance inflows highlight the interconnectedness of the economies of Pakistan and Saudi Arabia, with the Saudi Riyal to PKR rate today being a critical factor in the financial planning of both individuals and the government, influencing foreign exchange reserves and economic stability.
Card image cap

Kenya Faces Petrol Price Hike of Up to Sh7.80

The fuel price increase is set to affect the prices of super petrol, diesel, and kerosene, with the new prices expected to be published soon. The move is intended to reflect current business realities and compensate players in the value chain, but it may have a significant impact on the cost of living in Kenya.

TCS Appoints Sudeep Kunnumal as New CHRO, Replacing Milind Lakkad

Kunnumal's appointment as CHRO is a result of his extensive experience and proven track record in HR, and he is expected to play a crucial role in shaping TCS's human resources strategy and driving the company's growth and success, leveraging tcs expertise.
Card image cap

Saudi Riyal Rate Stable at Rs74.52, Boosts Pakistani Economy

The stable Saudi Riyal rate and increasing remittances from Saudi Arabia and Oman are crucial for Pakistan's economic growth, with the country relying heavily on these remittances to support its foreign reserves and financial stability, and the recent trends indicate a positive outlook for the Pakistani economy.
Card image cap

Gold Prices Pakistan Reach Record High

The rising gold prices in Pakistan and internationally are a result of global economic uncertainty, with the price of gold per tola reaching a record high of Rs 314,000 and the international rate reaching $2,988 per ounce. This surge is expected to continue, driven by demand for safe-haven assets and predictions of an economic slowdown or stagflation.
Card image cap

Emirates Expands Services, Seeks India Traffic Rights

The airline's efforts to enhance passenger experience and safety are a testament to its dedication to customer care, as it continues to navigate challenges in key markets like India, while expanding its services and partnerships globally, including its latest collaboration with Parsys Telemedicine, and its plans for a superhub at Al Maktoum International Airport, which will further solidify its position as a leading airline in the emirates.
Card image cap

Prize Bond Schedule 2025: Winners Announced for Rs40,000 Bond

The prize bond scheme offers a range of investment options, with various bond denominations and draws held regularly, providing opportunities for investors to win significant prizes, including the recent winners of the Rs40,000 and Rs25,000 bonds.
Card image cap

Suzuki Alto Banned on Motorway: Safety Concerns Rise

The suspension of Wagon R bookings and the upgrade of Alto's safety features reflect the company's efforts to respond to changing consumer preferences and safety concerns, with the Alto's affordability and low running costs still making it a popular choice, despite its safety limitations.
Card image cap

Ray Dalio Warns of US Debt Crisis Looming

With the US debt burden showing no signs of abating, Dalio's warnings highlight the importance of finding a solution to the supply-demand problem, lest the country face a severe economic downturn, and the world economy suffers as a result, underscoring the need for a concerted effort to mitigate the crisis.
Card image cap

Cryptocurrency Pi Network Sees 55% Drop

The cryptocurrency's price movement is being closely watched, with investors speculating about the potential impact of the looming deadlines and emerging competitors on its value, as the broader crypto market trends continue to influence investor sentiment, and the project's ability to achieve real-world adoption will be key to its long-term success.
Card image cap

Solar Net Metering Regulations Revised

The revised solar net metering regulations are expected to alleviate the financial burden on grid consumers, while promoting the growth of off-grid solutions. With the number of solar net-metering consumers on the rise, the government's decision to revise the net metering regulations is seen as a step towards a more sustainable energy future.
Card image cap

Manchester United Star Louis Saha's £4.3billion Business Empire

With AxisStars, Saha has created a unique platform that connects athletes and entertainers with their peers and trusted partners, providing them with valuable support and guidance throughout their careers, and cementing his status as one of the most successful athlete-turned-entrepreneurs in the industry.
Card image cap

Rs25000 Prize Bonds Draw Announced with Rs80 Million Grand Prize

Winners of the Rs25000 prize bond draw can claim their prizes at National Savings branches, with the next draw for the Rs40,000 premium prize bond scheduled for June 10, 2025, offering a grand prize of Rs80 million and a range of other cash rewards.
Card image cap

Forex Factory: US Producer Prices Remain Flat

The unchanged PPI reading and decline in core PPI may indicate a shift in inflation pressures, with potential implications for monetary policy and the broader economy, including the forex factory and currency markets.
Card image cap

Suzuki Wagon R Bookings Suspended Permanently

The move is seen as a strategic decision to focus on more popular and safer models, with the company aiming to maintain its market share in a competitive environment. The suspension of Wagon R bookings and the upgrade of Alto variants are expected to have significant implications for the Pakistani automotive market, with a potential shift towards safer and more feature-rich vehicles.
Logo
Logo