Business

Benchmark KSE-100 index drops by 452 points to settle at 41,698

Report says investment in 5G brings an estimated 3-to-7-fold cost-to-benefit ratio

DPP urged to seek one-time exemption to release ships carrying banned GMO soybean

Suggests trade in local currency to reduce cost, increase volume

Number of vessels queuing in the Black Sea increased to 20

MoF unaware of which govt departments own 484 untraceable bank accounts

Decision aims to promote economic activities, increase employment

Some 11 REIT projects worth Rs600 billion in progress at present

Says risks are best addressed through a concerted response by all stakeholders

To promote cooperation on medical equipment products, innovative devices

Businessmen say uplift will boost exports, increase overall production

Urges govt to focus on sustainable urbanisation, provide better municipal services

Envoy asks Pakistan to increase export of IT manpower

Says only $4.7b to be repaid in FY23 after debt restructuring, loan rollover

Precious metal price surges as people take refuge in safe-haven asset

Demand permission for importers to purchase dollars from the open market

Cabinet body members stress procuring agency must decide on purchase of commodities

SBP cites $1b payment for Sukuk, other debt repayments as reasons

Impact of allowance will be Rs1.3 billion

Russia’s wheat exports close to record, experts say

China’s trade suffers worst slump in 2-1/2 years

Wants to boost bilateral trade to $200m by end 2023

UBL to provide project financing to SMEs, agriculture sector; SEDF to provide mark-up subsidy on loans

Benchmark KSE-100 index gains 279.35 points to settle at 41,819.29

NEPRA says it’s facing hurdles to competitive market mechanism

Added security allows for safer transfer of information, data over cloud-based services

Makes it compulsory to acquire PTA’s NOC for registration

Top reasons for decline were political instability, rupee devaluation and high fuel prices

Former envoy says Saudi leadership is committed to investing $20 billion in various projects

Benchmark KSE100 index sheds 72.73 points to settle at 41,539.94

Concerns about global demand offset bullish effects from oil price cap

Bitcoin price dropped 63% amid $1.63 trillion losses in market capitalisation value

Working to allocate a quota to OEPs with target of one million exports of manpower this year

GCCI delegation urges reduction in duties on import of raw material

Will launch web portal allowing the entire nation to invest, trade in lucrative govt debt securities

President Xi Jinping to make 3-day visit to the kingdom

Containers held up due to unavailability of foreign exchange

Fear Washington may slap penalty over commodity’s imports from Russia

Pakistan keeps unchanged old estimates as it expects to get $32b in foreign funds

Opening revolving account to save Chinese power plants from circular debt

Business leaders urge SBP, govt to restructure market policy, strengthen currency

Level of the cap to be reviewed by EU, G7 every two months

US climate law will cut off European bloc’s EVs from tax credits

Widening gap between dollar demand, supply will keep exerting pressure on rupee

Seek govt intervention to avert slump in industry

New body will deal with coal imports for power production

News of growth in US services industry activity caused oil, stocks to pare gains

For an environmentally stable world, it is necessary to build awareness among all stakeholders

Introducing enhanced non-utilisation fees on empty plots can lead to a construction boom

More pain to come as policy rate has been raised at sharpest pace in decades