Business

Kaspersky reports a 20% rise in ransomware attacks on ICS in Q2 2024, with 27% of systems in Pakistan affected.

It comes following release of IMF's first loan tranche

K-Electric vows to support industrial consumers in transition from captive plants

Increase follows receipt of IMF's first tranche of $1.03 billion as part of the $7 billion EFF approved last month

Sentiment improves by improved economic indicators, increased buying across key sectors

Gold prices drop globally to $2,642 per ounce, while in Pakistan, per tola falls by Rs1,100 to Rs274,400.

Deal will align provincial taxation policies with centre, abolish agri-support prices

USD trades at Rs 278 for buying, GBP at Rs 365.25.

KSE-100 Index soars 960.72 points to record high of 82,930.00 before declining

KSE-100 index gains 162.41 points, settles at 81,967.01

Webinar highlights need for clearer policies, better public understanding

Widens slightly to $5.4b as exports grow in double digits, imports stay restricted

Malaysia’s PM Anwar Ibrahim’s visit to Pakistan boosts potential for new trade agreements and enhanced cooperation.

Reviews CPEC projects ahead of SCO summit

Comments echo those of Russian deputy PM, says organisation sacrificed more than other producers

Pakistani rupee hits a six-month high of Rs277.64/$ in inter-bank market, driven by increased foreign currency inflows

Think tank urges SIFC to intervene as local agriculture faces food security threats

Governor asks foreign firm to set up support centre for safety of banking system

In December 2023, it had approved $658.8m for projects focused on resource mobilisation, agriculture and school rehab

Barter agreement signed as 60 firms seek business opportunities in Moscow

The Kuwaiti Dinar (KWD) remains one of the highest-valued currencies.

Early repayments made to raise long-term borrowing to cut interest costs

Shares in Covestro jumped 3.7% to a three-year high of 58 euros.

Envoy discusses knowledge-sharing, tech transfer for environmental sustainability

DPC doubles guarantee for eligible depositors to Rs1m, boosts confidence in banking sector

Argue grid prices not financially viable, regionally competitive

Govt reconstitutes board one year after end of term of previous directors

Cabinet body declares PRAL, Pakistan Single Window as essential state entities

KSE-100 index gains 690.39 points, settles at 81,804.59

Calls for single-digit interest rate by Jan 2025 to boost business growth

SM Tanveer says govt should stop obtaining loans for repayment of loans and let businesses grow

He acknowledges challenging economic climate but remains optimistic about potential for reform and growth

Gold prices drop, with per tola price falling to Rs274,900 and global prices down to $2,647 per ounce.

Meng Wanzhou steps into the role of Huawei's rotating chairperson while continuing as CFO

Amazon secured a partial dismissal of a U.S. antitrust lawsuit but will still face allegations

KSE-100 index recoveres losses it had suffered a day earlier.

US dollar sold at Rs 278.10, British Pound at Rs 372.17, while Kuwaiti Dinar remains highest at Rs 912.67

Google's $1 billion investment in Thailand will establish a new data centre and expand cloud and AI infrastructure

Say small units grappling with lack of funds, thin demand

SBP confident banks will be able to bear excessive digital transaction pressure

Textile mills' refusal to pay cotton cess prompts decision to wind up PCCC

PM's climate aide calls for infrastructure upgrades to tackle crises

PM expresses gratitude, seeing economic milestone as a step towards fulfilling promises made to people

KSE-100 index loses 177.93 points, settles at 81,114.20

Beijing's aggressive measures drive 8.5% rally, record turnovers ahead of holiday break

Collects Rs2.56tr in Q1 as taxpayers pay sharply higher amount with returns

Industrialists urge FBR to extend tax return deadline due to persistent technical issues with the IRIS system.

Currency dips by Rs0.07 in inter-bank; experts forecast stability following IMF boost

Delays Dar-led task force's resolution to allocate 35% gas discoveries to private sector

Petrol will see a decrease of Rs2.07 per litre while HSD will be reduced by Rs3.40 per litre