Business
More News
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Reforms: more action needed
Pakistan needs economic reforms, particularly in energy sector, export industries
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After us, the deluge
Climate change has received increased attention due to extreme weather events worldwide
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Vietnam carmaker recalls EVs
VinFast, which ceased gasoline-powered car production in August, is gearing up to expand in the US market
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Global leaders call China barrier to faster debt relief
US official believes Beijing has big role to play in more effective debt restructuring
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Taiwan touts $900 million in new business
Island’s position as producer has prompted worries in the US
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US not in favour of new allocation
The United States is the largest shareholder in the IMF
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Export bureau to boost SMEs
SME development is long-term process that requires investment, govt support
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FBR urges public to support PoS system
Promises to expand system across Balochistan
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Energy shares a rare 2022 winner
Investors keep bullish views on energy stocks due to attractive valuations
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Bears pull stocks below 42,000 mark
Benchmark KSE-100 index sheds 137 points to settle at 41,949
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Big private lender’s profit up 20%
India’s loan growth was at a multi-quarter high of 16.4% year-on-year at September 23
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$730m loans face the axe
World Bank identifies nine troubled projects where loans may be cancelled
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Delay in refunds to make matters worse for industry
Exporters demand speedy release of tax refunds to improve liquidity
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High policy rate continues shrinking business
Businessmen demand single digit interest rate to stabilise economy
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License to sell gas to private sector sought
Ahead of anticipated fuel crisis in winter, PGPL seeks to utilise excess capacity at LNG terminal
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PepsiCo Pakistan and Pandamart collaborate to promote Q-commerce solutions
Consumers can now order PepsiCo snacks and beverages online with Pandamart's quick delivery model
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Rupee falters, drops by Rs4 in open market
Negative momentum came as demand for dollar spiked
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Govt keeps petrol price unchanged
Dar says govt will not pass on minor reduction in petrol price to consumers
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Oil prices fall over 3%
The next US interest rate decision is due on November 1-2
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Trade Act 2022 welcomed
Tenure of FPCCI representatives extended by one year
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Rural businesswomen facing great hardships
Govt urged to help revive businesses destroyed by floods
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Business facilitation to help widen tax base
LCCI asks FBR to facilitate businesses willing to declare assets
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“60/40” portfolios facing worst returns in 100 years: BofA
It says global crises force valuations to plunge across asset classes in 2022
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MNA schemes to get record Rs87b
Each NA member of ruling coalition will receive Rs500m for uplift projects
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PM reconstitutes BoD of DISCOs
Existing directors of IESCO, FESCO and LESCO had been politically appointed
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Bank deposits rise after govt crackdown
Deposits reach Rs22.8tr in Sept as govt takes action against Hundi and Hawala system
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Weekly inflation eases by 0.57%
PBS data shows mild drop in prices of essential commodities
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LPG distribution deal inked
NGPL entered into the LPG business initially as a distributor of SLL
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Dar meets World Bank president
Malpass assured the minister that the bank would continue to work with the government to help Pakistan
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'Pakistan on brink of debt default'
PM Shehbaz's government failing to save the ‘sinking ship’, renowned economist Steve Hanke says
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IMF chief urges ‘coherent and consistent’ UK policies
Says fiscal policy should not undermine monetary policy
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India allows broken rice exports
On Sept 8, India banned exports of broken rice in effort to augment supplies
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SECP registers 2,434 new firms
With this, the total number of registered companies now stands at 178,733
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Ukraine war to cut gas consumption for decades
EU consumption in 2030 expected to be 26% lower than pre-invasion forecast
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Auto parts, cellphone export potential untapped
Ministry engaged with mobile phone sector to formulate supportive policies
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PRA’s receipts go up 31%
During September, the PRA collected Rs14,248 million, which was 18% higher than last year
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Rupee drops by 0.23%, loses value for 2nd straight day
Selling slows as exporters offload almost all their holdings
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Forex reserves fall treacherously to $7.5b
Due to repayment of commercial loan, interest payment on Eurobonds
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SSGC’s loss shrinks 90% to Rs1.97 billion
Higher net sales and other income help curtail loss
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Historic decline in cotton output feared
Production estimated at 6.3 million bales, down by 43.08%
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Pakistan flaunts IT potential
Aims to host technology exhibition ‘Techspring’ in March 2023
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Govt to shelve coal power project
Decision driven by high cost of imported coal, preference for local resources
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Oil down on strong dollar
Worries about weaker demand, rising interest rates outweighed supply concerns
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How much crude oil does the EU still import from Russia?
US could overtake Russia as main crude supplier to EU, UK
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Digital solutions help rural Pakistan
Post-floods country welcomes first smart IoT farm in Rawalpindi
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PSO wins arbitration, awarded $14.6 million
Gunvor filed case after PSO reduced payments due to overcharged shipments
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Export facilitation scheme on the cards
Customs official assures traders of addressing problems
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Flood-hit areas need 3m seed bags for sowing
Deluge has affected around 4m acres of cultivable land
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PSDP spending cut to just Rs48b
Economic crisis forces govt to sharply reduce development spending
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Auto sales plunge by 51%
Low purchasing power, supply constraints account for nosedive in automotive sales















































