Business

Benchmark KSE100 index rises 218 points to settle at 42,265.36

Plan to offer services in areas of NFTs, metaverse and Web3

It comes under quarterly adjustment; govt absorbs around Rs3 per unit in form of subsidy

Will pay interest of around 4.9%, higher than some foreign commercial bank loans

New series of Sukuk issued against NHA assets for five years

COP28 summit will be hosted by the UAE in Dubai’s Expo City

Enters into tech licence agreement with Korea’s auto giant

Aims to host nearly 225 startups, create jobs for over 20,000 IT professionals

Centre, provinces reach consensus on second phase of GST harmonisation

Low rate of return, unfavourable investment climate cause decline

Initiative will promote local manufacturing as demand for solar panels soars

Incentive being planned to encourage offshore drilling for oil, gas reserves

High-level bank delegation meets energy minister

Policy regarding rural broadband is either incomplete or inadequately implemented

Pakistan needs to hand the lead on this challenge to professionals immediately

China is open to increasing imports, but Pakistan’s productive capacity is limited

Lower imports may have cut deficit, but they have adverse implications for industrial production

Biggest threat, as we enter COP27, is widening gap between eloquent rhetoric and real climate action

The IT tycoon believes that evolving with time is the key to entrepreneurial success

Only kept Rs17 billion in budget, will now require grant approved by IMF

Facing threat of recession, an energy supply squeeze and the eroding effect of inflation on purchasing power

Transforming itself into an electric brand in China with a series of unique and diverse electric mobility products

Regional directors to intensify insurance awareness campaigns

NEPRA chief asks energy firms to form emergency response teams

Says revenue board will make up for shortfall through administrative measures

Believes investment will help ease country’s economic crisis

RMB arrangement to boost Pakistan’s foreign reserves, reduce dependence on USD

Benchmark KSE-100 index gains 716 points to settle at 41,856

The demand would unblock payments for Russian grain and other foodstuffs

Says law deters further investment from the Japanese, will hit employment in US

Fitness promotes productivity, reduces healthcare costs

NEPRA says maximum utilisation of local coal needs to be encouraged

64% of total expenses went into interest payments on loans and defence

Likely to focus on human rights, environment policies for eligibility

Trade Act 2022 will be amended to reflect representation, ministerial position

Decision aims to limit Moscow’s ability to regulate global oil market

ECC refrained from slapping 17% sales tax on high octane blending component

Utility stores striving to provide essential commodities at lower prices

Indicates benchmark interest rate to remain unchanged despite high inflation reading

Dependence on expensive LNG continues to trap utilities

Brent crude futures rise for a weekly gain of about 2.5%

Minister calls for creating a separate fund for emergency rehabilitation in the aftermath of a climate catastrophe

Cameras installed in commercial areas and markets will be connected to the Safe City project to improve security

Downturn in the euro zone economy has deepened as high inflation, fears of an intensifying energy crisis hit demand

OGRA denies auditors’ findings, cites 2022 Ordinance

APCMA expresses concern over continuous decline in demand, rising input costs

Around 64% cultivation completed in rain-fed areas of province

May impose 17% tax on high-grade petrol, increase additional customs duty

Output slumped 41% to a mere 3.7 million bales in the outgoing season

Decision likely to push down dollar rate in forex market