Business

Dealers anticipate currency will come under pressure again

OGDCL wins exploration blocks in Sindh and Punjab

Record an increase of $393 million upon receipt of official inflows from govt

Joint effort seeks to provide training, access to resources, networking opportunities

Criticises preferential treatment given to tax-evading factories in FATA/PATA

Competition for such EVs becoming more and more fierce

High domestic borrowing, unsustainable debt raise concerns over currency’s stability

Aims to bridge the technological divide in rural communities

CDS dropped by 12.40 percentage points to 46.76% following IMF deal

Gives no reason for price hike, says new prices include Capital Value Tax

OPEC+ has been cutting oil output since November in the face of flagging prices

DISCOs’ consumers will pay Rs22.6b; KE tariff will also rise by Rs1.45 per unit

Inflation, interest rate hikes dampen risk appetite

PRL MD dismisses talk of oil processing in India before shipment to Pakistan

Marks 27% YoY decline in FY23, lowest sales numbers for OMCs since FY06

Will propel industries towards untapped potential

Drop raises concerns about impact on the industry, economy

Gains 3.83%, equivalent to Rs10.55, in a single day – largest increase in 7 weeks

Major Gulf markets in black, tracking high oil prices

Imports decreased by 31% while export earnings contracted by nearly 13%

Low margins, high taxes deter post-Covid business recovery

The meticulously designed residential development offers residents an unrivalled quality of life

Country's trade deficit was $1.81b after a decrease of 15% on a monthly basis, annual trade deficit decreased by 63%

Lender set to disburse $1.1b first tranche of $3b stand-by arrangement with Pakistan

Oil industry players will now only need to inform OGRA 15 days prior

Sanctions force Moscow to find alternatives to dollar for settling payments

CEO says stability will improve investor confidence

Delegate says average utilisation of solar plants merely 19% in Pakistan

Tier-one vendor Agriauto Industries announces partial shutdown in July

Cuts amount to 1.5% of global supply, sending prices higher

Rise $533m to $4.06b as govt bank loan is realised

Financial sustainability still under threat as Pakistan has to repay $25b

10-year Pak Eurobond gains 2.75%, or $2, to reach 74.3 cents on the dollar

DISCOs’ management must be privatised alongside equitable financial sharing between federation and provinces

Year-on-year inflation was 29.4 per cent last month, Pakistan Bureau of Statistics data shows

Debt reprofiling could perhaps be a silver-lining to put our house in order

Economic stability cannot be achieved by burdening the already taxed individuals

Pakistan touts itself as a champion of privatisation but it has not benefited the country

They hold potential to rejuvenate economy but it depends on political stability

Bloc pumped 50,000 bpd less than May’s figure

Photovoltaic power may address energy shortage

Major US stock indexes notch weekly, monthly, quarterly gains

KSE-100 index surges 1,387.37 points, settles at 41,452.69

Stocks and rupee expected to soar when markets open next week

Musk calls it temporary emergency measure

This is Apple’s fourth straight record high close

Malik praises Pakistan’s government for making the best possible efforts to secure the agreement

Raises hopes about potential investments in Pakistan in the days to come

Govt wants to open Escrow account to deposit money for upgrading refineries

RRDB chairman calls on govt to provide interest-free soft loans to farmers to adapt