Business

KSE-100 index decreases by 352.25 points at 39,802.91

Gold, dollar denominated NPCs and US dollar best performing assets

‘Daronomics’ only yielded fleeting gains against greenback as rupee remained among worst-performing currencies

Aims to send gas to Pakistan, Afghanistan

Two countries aim to enhance trade to $1 billion

Amount is equivalent to 107% of the government’s net income

Cites lack of inventory because of State Bank’s LC restrictions

Family-owned firm says it will kickstart production from second half of 2023

Businessmen believe Pakistan can capture big share in $3tr global halal food market

Cabinet committee decides to hire firm for leasing the asset in New York

25% or 197,658 economic establishments affected across the country

Saudi Arabia has attempted to expand its economy beyond its traditional reliance on oil and hydrocarbons

New horticultural technologies can greatly increase fruit, vegetable production

Not many investors have financial, organisational capacity to buy and run DISCOs

Besides climate change, poor planning a big factor behind rising food insecurity

This situation can only be managed through unconventional measures, which a political government may adopt

Not an established practice for the plant to shut down for a year-end holiday

Ajman Chamber interested in developing partnerships

4th extension to the govt’s self-imposed deadline

Urges govt to establish vocational training institutes

Says govt is providing a competitive, fair business environment

Investigating case involving such large amount for first time

APTMA says it requires 14 million cotton bales, only 5 million bales are available

Index dropped 3.95% week-on-week to settle at 39,669 points

Businessmen ask finance ministry to defer collection of tax on deemed income

Ministry demands Rs87b increase in PSDP funds for parliamentary schemes

CM Elahi says Imran’s direction will be fully followed

Dar says current trade volume between both countries not at the optimal level

Kyrgyzstan offers opportunities for investment in more than 30 projects

People increasingly prefer phone banking with rising use of smartphones

Minister Sadiq asks for action plan to develop Pak-Kazakh business potential

It comes despite rupee’s nosedive to an 11-week low at Rs225.65 vs US dollar

EU, G7 nations imposed sanctions and a price cap on Russian crude from December 5

Food insecurity largest threat emanating from climate change, says OICCI white paper

Last year’s IT exports stood at $2.6b, govt eying $5b in exports this year

Businessmen propose adoption of daylight saving time to cut energy use, imports

11th oil & gas discovery made in the Sinjhoro Block

Plant has capacity of 3.15m tons per annum

It can be increased further by creating linkages between Pakistani, US companies for JVs

Gives go-ahead to Rs88b post-flood reconstruction programme for Balochistan

Says the govt’s decision to charge 10% super tax from selected sectors is “discriminatory”

Cuts credit score to CCC+, expects foreign reserves to remain under pressure in 2023

FBR chief says out of 179 cases, 27 were sent back due to procedural issues

Report says survival without the IMF is not an option

Central bank cites external debt repayment as reason for decrease in reserves

Foreign reserves will remain under pressure through 2023 unless foreign assistance improves, says rating agency

Proposes measures to bridge some of the shortfall in revenue receipts

The Abu Dhabi company is acquiring Mubadala’s entire OMV stake valued at $4.1 billion

Aims to produce 70,000 tonnes of honey under Billion Tree Honey Initiative

Envoy calls Pakistani products better than its neighbours