Business

Oil body urges govt to foster fair pricing formula, protect private sector OMCs

Caretaker govt sets price of petrol at Rs281.34, HSD at Rs296.71 per litre

Financing will go to oil refinery to be set up by Aramco either in Hub or Gwadar

Exempts LPG firm from procurement rules to avert gas crisis in winter

High costs, unstable economic factors pose hindrance to industrial sector’s recovery

MD addresses tariff concerns in meeting

PML-N supremo businessmen will be consulted on future economic decisions

Talks with Riyadh on investment in Reko Diq project will take place soon

PCJCCI explores joint efforts to modernise, boost sugarcane production

Cabinet aims to empower public sector entities to conduct procurements

Blames Rolls-Royce over durability of engines, places no major order at Dubai Airshow

Staff-level agreement between Pakistan, Fund reached on first review of $3 billion bailout

Energy agency lifts 2023 demand growth forecast to 2.4m bpd

Pakistan, Uzbekistan discuss agri-trade

Banks earned extraordinary profits of Rs110b in 2021 and 2022

Closes at Rs287.87 as market eyes IMF review, potential inflows from China

Urge govt to leverage infrastructural, communication networks

NEPRA to announce its final verdict on XWDISCOs’ plea in few days

Inks deal to enhance companies’ access to finance, working capital

Express urgency for consistent policies, influence of artificial intelligence

FPCCI president urges petroleum price cut

Says new import trade prices favour importers, demands level playing field

Hits seven-week low near Rs287.50 against US dollar

OGRA, refineries yet to develop consensus on incremental revenue clause

Discusses B2B, P2P cooperation, cites significant potential for trade

Emphasises importance of digital era, cautions Pakistan of being left behind

Rejects fiscal numbers; govt proposes 40% tax on banks’ windfall profits

With right strategy, AI capabilities can be harnessed to drive economic growth, create better future

A lot of rebuilding and work is needed in Pakistan to regain trust

Dwindling deficit, while encouraging, may also reflect an economy that is losing momentum

Such fund when invested in Shariah-compliant businesses will pay huge economic dividends

Pakistan has chance to learn from China’s expertise in precision agriculture

Draws immediate criticism from President Biden’s administration

DP World Australia spokesperson told Reuters that operations at impacted ports were not yet restored

Collaboration between private sectors, regular exchanges of trade delegations is essential for improved ties

World Bank declares more than half of $6.7b project portfolio unsatisfactory or problematic

Benchmark KSE-100 index jumps 2,268 points, closes at 55,391

Makes move to tackle risk of mounting debt crisis, default

It will encourage banks to lend more to meet govt’s needs

Oil prices rise 2% as a result

Global recognition, sustainable models take centre stage at +92Disrupt conference

Stakeholders discuss digital payments, security

PC board approves Ernst & Young-led consortium for sale by Feb end

NEPRA asked to approve run-of-the-river project in Kohistan district

Govt accumulates debt at 26%, averaging Rs44b per day since Sept last year

Increase attributed to rise in food prices

Holds ground near Rs287 mark against US dollar

KSE-100 index surges 1,129.94 points, settles at 55,391.37

Central bank gives no reason for increase as reserves hit $7.51 billion

Peak at $2.5 billion amid crackdown on illicit currency trading, easing current account deficit