Business

Decreases 0.78% but gas price hike threatens stability

Political uncertainty, gas price hike threaten sectors competitiveness

Strategic move stabilises rupee-dollar parity, meets IMF targets on NIR

KSE-100 index loses 1,147.10 points, settles at 59,872.96

Surpass $290m mark, captures 19% market share in 2023 as key supplier

Says caretaker govt committed to continuing efforts until its last working day

Aims to provide affordable flights but also to facilitate trade, tourism between two nations

Calls for reversal to prevent industry collapse, economic fallout

Experts hail government incentives, policies that propelled 32% growth

IEA predicts oil demand will peak by 2030 as world shifts to cleaner energy

Say tax exemption misuse, unfair duties threaten tea industry’s viability

Agricultural body hopes new govt will address challenges in budget

Seeks approval of implementation mechanism for digital infrastructure initiative

Moody’s warning, dwindling reserves exacerbate markets

3.43% growth pushes QIM to 132.87 in Dec 2023 compared to 128.37 in Dec 2022

Says reforms, policies have contributed to making conducive business environment

SBP attributes no specific reason for rise

Say utilities are not exploited in developed states for economic gains

KSE-100 index plummets 1,133.78 points, settles at 61,020.06

Govt also withdraws subsidy of fertiliser plants

Govt aims to recover Rs242 billion from residential, industrial consumers

DISCOs want to recover amount on account of capacity charges, T&D losses

KSE-100 index gains 926.92 points, settles at 62,153.84

Urges govt to tackle higher interest rates, call for import restrictions

Global trade in LNG reached 404 million tonnes in 2023, up from 397 million tonnes in 2022

Difference stretched to 0.81% after domestic currency maintained downturn in open market

Moody’s points to external vulnerability risks until clarity on financing plan

APTMA says production at these energy rates no longer feasible

Finds forensic evidence of DIB officials’ involvement in forging signatures, documents

Pipeline project aims to complement oil pipeline backbone from Karachi to Peshawar

IMF grants waiver after govt misses budget surplus target despite slowdown

Despite YoY decline, sales reach highest level in eleven months

According to ECP rupee dropped 0.04%, or Rs0.13, to Rs281.32/$ in open market

Expected to impact investor sentiment amid market fluctuations

Secretary finance warns that delay beyond Thursday could cost Pakistan IMF’s $1.2b tranche

Pushes for fair market pricing to boost competition, investment

Explores closed wells and tight gas amid LNG affordability concerns

KSE-100 index gains 161.61 points, settles at 61,226.92

Experts call for widespread AI adoption to unlock opportunities

Despite achieving revenue growth of 25.8%

Petrol rate likely to witness marginal rise of 80 paisas per litre

Firm has expanded its free online AI training courses to 18 languages

Surge by 26% to reach $2.39b in January 2024, signalling confidence in economy

Lead to 40% decline in production, ineffective T&T system results in losses of over Rs310b

Rupee remains largely stable at Rs279.33 against US dollar in the inter-bank market

Debt and liabilities increase by another Rs17.4tr as of end-Dec

Calls for reduced duty on crude palm oil, abolishing section 8B of Sales Tax Act

Cautions to expect the unexpected in wake of Covid-19 pandemic

Many issues addressed to allay concerns of investors

Halt in oil expansion plan to reach net zero emissions by 2060