Business

Asset sales bring proceeds of $11b, but could not ensure efficiency, competition

Says taxes impacting growth of IT sector as well

Company accused of committing Rs10b fraud under subsidy scheme

Production costs are estimated at around $20 per barrel

Financial exclusion, high use of cash remain major problems, says SBP chief

Sindh produces over 50% with exports of around 70%, but floods, neglect put industry in danger

It will help enhance Pakistan’s ranking on Ease of Doing Business Index

Calls for holding project committee meeting, swift initiation of work

Falls 0.17% to six-week low at Rs223.81 to a dollar

Imposition of regulatory duty will provide protection to local manufacturers

Decries manipulation, writes to SBP for compensation to save industries

Alliance’s move outweighs recession, Covid concerns

Project to cost €1.5 million, aims to improve food security and cut imports

Organising trade development conference in Johannesburg

Pakistan’s default risk worsens to record high at 123% in global market

Nomura says score over 100 indicates 64% chance of crisis

Car sales drop by 47% as prevailing uncertainty prevents further investment

Hydropower plant closed since July 2022, robs national grid of 950MW

CDS spikes by 30 percentage points in a week to 93% ahead of debt repayment

Will not give nod until surplus stocks of sweetener are verified

Says ill-planned gas chart giving priority to domestic consumers is main cause for economic issues

Output increase of 500,000 barrels per day was under discussion for next OPEC meeting

Industry body laments delay in refund payment orders

CAD stood at $567 million in Oct 2022 compared to $1.78 billion last year

Delhi’s fertiliser imports from Moscow surged 371% to a record 2.15 million tonnes

Public gas utility projects revenue shortfall of Rs184.88 billion

It includes six LNG trains to ramp up Qatar’s liquefaction capacity to 126 million tonnes per year by 2027

The state energy company will supply 4 million tonnes of LNG annually from its new North Field East project to Sinopec

Political parties only consider the youth a means to achieve their own vested objectives

If govt is really interested, then it has to show some real progress on the ground

In case of shortfall, country may have to import large quantities of expensive diesel

Modern-day cybercrime isn’t just more complicated, it can also be a jurisdictional nightmare

Govt cannot indefinitely provide gas at just $9; alternatives will have to be explored

ICCI calls for forging strong business linkages to improve ties

Textile exports drop by 1.34% to $5.94b in Jul-Oct

Tariff drops Rs9.02 per unit on low demand, use of cheaper generation plant

Envoy says Ethiopian tea is coming from other channels, stresses on bilateral connectivity

Benchmark KSE-100 index drops 363 points to settle at 42,730

Burden may increase further as Pakistan asks China to raise the facility’s ceiling

Silicon Valley trainer tells Pakistani entrepreneurs there is no success without risk-taking

Consignments will be dispatched to Chaman, Torkham and Ghulam Khan border via land

Auditors find mismanagement in purchase of spot LNG cargoes

Payment to resolve a lawsuit over diesel advertising claim

Tail lights may intermittently fail to illuminate

FTX sought court relief to allow the operation of a new global cash management system and payment to its vendors

Borrowing options remain limited in face of higher cost, delay in meeting conditions

Amreli Steels’ management says high energy cost, super tax impacted growth

Says exporting 1m tonnes of surplus sugar can add $1b to national exchequer

Also succumbed to OMCs’ demands, withdrew decision to cap premium on diesel

Yield on Pakistan’s Sukuk rises to 98.96%, fanning default fears