Business

Privatisation, tech adoption help banks expand into agriculture, textile, SME sectors

Industrialists say over 1,300 factories, 3m jobs at risk as Jan gas cutoff looms

Nissan to cut 9,000 jobs, reduce global production by 20% amid cost-saving drive due to declining sales in China, US.

Policymakers note job market “generally eased” while inflation continues to move towards the central bank’s 2% target

Potential GOP-led Congress signals policy shifts on tariffs, taxes, and immigration impacting economic outlook

BoE trims borrowing costs by 25 bps to 4.75% at a regular policy meeting, its second reduction since August

Gold price drops by $65 internationally to reach $2,662 per ounce, and Rs 5,400 per tola in local bullion market.

Utility Stores cuts prices after sugar mills reduce rates.

FinMin optimistic about growth in remittances, progress in credit rating

Consumers set to pay Rs8.7b for idle IPPs

Tariff reduction based on FCA for September – to be set in November bills

Leaders focus on sustainable energy, decarbonisation, and nature-based solutions

Index sheds 283 points over rupee volatility, IMF review concerns

UBG urges the government to introduce a winter power tariff package for all industries, excluding some.

Industries minister says company has big potential due to global footprint

Tech leaders explore international partnerships, investments at festival

Decision comes in response to planning ministry's plea for release of funds

Pakistan accelerates development of Islamabad's IT Park to become a regional tech hub with Korean collaboration.

Directs NPMC, food ministry, provinces to bring immediate relief to public

SM Tanveer says it will help mitigate production challenges

Sends mission months ahead of schedule to assess Pakistan's performance on targets

FBR plans major changes to its trader-friendly scheme, focusing on large retailers instead of small traders.

The price of silver per tola stayed unchanged at Rs 3,430.

British pound (GBP) traded at Rs358.61 selling and Rs357.97 buying.

SAPM says tariff offered without technology studies or tests

Bitcoin hits $75,000 as traders bet on Trump's election edge, forecasting new highs or volatility.

Top diplomat holds crucial talks with Pakistani civil and military authorities

Textile council urges govt to reconsider captive power plant strategy

Rate cut, robust remittances take index to new high; MSCI review adds to optimism

AIIB reaffirms its commitment to supporting Pakistan’s development, focusing on climate resilience and infrastructure.

Says disruptions in internet service have led to lost business opportunities, diminished trust

Sees no need to appoint directors of closed Pakistan Steel Mills subsidiary

Pakistani rupee slips to Rs277.84/$ amid rising import demand and recent SBP rate cut, stability forecast for FY25

The price hike will be reflected in consumer bills for Jan 2025

Finance Minister Aurangzeb led the REMIT review, urging proactive revenue, investment, trade, and governance efforts.

FinMin outlines strategic steps aimed at upgraded rating, foreign investment

Results could rattle assets around the world and lead to broad financial fallout

Silver prices remain unchanged at Rs.3,430 per tola.

ECC orders third-party evaluation of interior ministry’s claims

Growth comes on export surge, offsetting dip in domestic sales

TPG Capital expresses interest in funding climate transition infrastructure

KSE-100 index soars 1,078 points, supported by hefty investment commitments

New plan exposes inefficiencies; ministry voices scepticism about its viability

Expects further rupee rise with improvement in economic indicators

Traders propose official gas distribution points in Hyderabad

Leaders add over 100 new trade items to agreement, sign MoU on e-commerce cooperation

Loses strength on worries that demand for greenback may rise

Urge SBP to bring rates to single digits, say current reduction insufficient to counter high costs

Urges OGRA to follow guidelines on fuel import, local stock utilisation

SBP cuts policy rate by 250 bps, marking progress in inflation reduction