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Learning from US moves towards climate disclosure
SECP should start thinking about mandatory disclosure, country’s role in greener economy
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Average wages and labour productivity
Real wages grow faster than productivity as govt raises minimum wage every year
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Call for charter of economy
Federal government restructuring will form basis for such a charter
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Egypt’s IMF deal to reduce govt debt
IMF does not require Cairo to cut spending on subsidies
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Foxconn unit to sell stake in Chinese chip firm
Will sell holdings for at least $772 million
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US bank stocks falter over recession worries
S&P 500 banks index slumps around 11% this month
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Green aluminium good news for carmakers
Aluminium makers poised to boost low-carbon metal output by 10% next year
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KE seeks Rs7.04 tariff cut
NEPRA will hold public hearing on Dec 27 to discuss company’s petition
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EU talks resume in hunt for carbon market deal
Targets to cut net greenhouse gas emissions by 55% by 2030
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PIA to achieve Rs170b revenue target: Rafique
Two 777 aircraft to be added to airline’s fleet after rehabilitation by January
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Stocks lose ground in volatile trading
Benchmark KSE-100 index drops by 397 points to settle at 41,301
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SBP injects Rs2tr into banks
Central bank also provides Rs40.5b to Shariah-compliant banks for 70 days
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DISCOs’ tariff slashed by Rs0.32 per unit for Oct
It comes under fuel cost adjustment with total relief of Rs3.3 billion for consumers
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Deficit hits 19-month low
Gap shrinks to $276m in Nov on back of significant drop in imports
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Pakistan, China to enhance collaboration
Discussions to encourage B2B engagement between Chinese investors and their local counterparts
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Coal consumption to reach all-time high this year
High gas prices, supply disruptions lead some countries to turn to cheaper coal
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SOEs in Reko Diq deposit $562.5m
Amount deposited in escrow account which will be paid for dispute settlement
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€43.76m loan signed for 500kV grid station
Grid station will help improve power supply in surrounding areas of Chakwal district
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LC restrictions crippling industries
Businessmen fear closure of plants, large-scale unemployment
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SECP asked to ensure consistent oversight
Dar says it will help achieve high growth, social harmony
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Experts for addressing farmers’ woes
Corporate farming, research identified as areas that will ensure food security
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$1.9b plan agreed for Reko Diq
New arrangements include development of mineral resources by a joint venture
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Earthlink leads the industry with state-of-the-art real estate projects in Pakistan
The real estate leader made Pakistan proud by winning two 5-star International Property Awards
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Germany bleeding cash to keep lights on
Berlin’s half-a-trillion-dollar bazooka may not be enough
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ECC allows sugar exports
Export of up to 100,000 tonnes of sugar allowed
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Millat Tractors Ltd closed every Friday
Company recorded sales of 1,103 units, down 27% MoM in November 2022
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SEZs to create 575,000 jobs: SEZA chairman
Says government will conduct short-term courses to train labour for employment
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Simplified tax system to enhance compliance
Corporate Tax Office sets up facilitation desk to address businessmen complaints
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Pakistan, ADB sign $775m financing agreements
Loans will support rehabilitation efforts in flood-hit provinces
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LSM output drops by 7.75%
Lack of capacity to import raw material, weaker demand keep production low
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Engro Corporation to buy back 70m shares
Share price increased 2.86% (or Rs7.70) to close at Rs276.72 with a volume of 3.45 million shares
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Settlement with E&P firms to help ramp up oil, gas output
Govt reaches out-of-court settlement for renewal of hydrocarbon exploration companies’ licences
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Forex reserves fall by $14.9m at $6.7b
State Bank did not give any reason for decrease in reserves
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Pakistan signs $475m flood loan deal with ADB
Ayaz Sadiq says concessionary ADB loan was signed at the rate of 1% for a period of 40 years
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First 5G ‘Innovation Lab’ established at NUST
Will help researchers work on AI, augmented and virtual reality
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Govt slashes petrol price by Rs10 per litre
Reduces HSD rate by Rs7.50 per litre
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‘Oil demand growth set to slow but stays robust’
China, India and ME pick up slack left by flagging oil uptake in Europe, East Asia: IEA
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K-Electric tariff reduced by Rs2.45 per unit
It comes on account of monthly fuel cost adjustment
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Call to remove export barriers
Farm produce exports to China reach $730m, but potential is huge
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Remittances hit 27-month low at $2.1b
Many expatriate Pakistanis opt for informal channels that offer attractive rates
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Petroleum product prices may see reduction
Price of petrol and HSD likely to decrease by Rs7.50 and Rs12.37 per litre respectively
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Economic situation improving: Rehman
Says retail sector employs around 14% of the total workforce
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LNG supply disruption feared
PSO facing shortfall of billions of rupees in winter gas purchases
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Stocks close flat in topsy-turvy session
Benchmark KSE-100 index edges up by 23.32 points to settle at 41,737.62
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Motorcycle production declines by 34%
521,643 bikes produced this year against 797,346 in the same period last year
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CPEC fruit: 1,320MW project initiated
It will use Thar coal for power production
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Startup funding down to $350m
Funding dips on uncertain macroeconomic conditions, political turmoil
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With Covid and floods, life and health insurance coverage spreads
Insurance industry premiums grow 17% in past one year
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Economic situation is deeply concerning: FPCCI
Sheikh stressed that he had never seen such an uncertain situation in 45 years of business life
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EU strikes deal on first carbon border tariff
CO2 emissions tariff to be imposed on imports of polluting goods















































