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Qatar signs world's 'longest' gas supply deal with China
The state energy company will supply 4 million tonnes of LNG annually from its new North Field East project to Sinopec
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‘The youth is the future’: just an exploitative slogan
Political parties only consider the youth a means to achieve their own vested objectives
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Transforming Riba-based economy
If govt is really interested, then it has to show some real progress on the ground
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Eliminating fuel crisis risk, once and for all
In case of shortfall, country may have to import large quantities of expensive diesel
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Should Pakistan sign the Budapest Convention?
Modern-day cybercrime isn’t just more complicated, it can also be a jurisdictional nightmare
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Gas crisis and industry
Govt cannot indefinitely provide gas at just $9; alternatives will have to be explored
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Turkey eyes $5b trade in three years
ICCI calls for forging strong business linkages to improve ties
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DLTL scheme vital to ensure export growth
Textile exports drop by 1.34% to $5.94b in Jul-Oct
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Power generation cost declines
Tariff drops Rs9.02 per unit on low demand, use of cheaper generation plant
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Pakistan keen to import tea, coffee from Ethiopia
Envoy says Ethiopian tea is coming from other channels, stresses on bilateral connectivity
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Economic, political uncertainty dents PSX
Benchmark KSE-100 index drops 363 points to settle at 42,730
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Currency swap facility costs Rs36.3b
Burden may increase further as Pakistan asks China to raise the facility’s ceiling
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Technopreneurs seek better US ties
Silicon Valley trainer tells Pakistani entrepreneurs there is no success without risk-taking
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Govt to allow Afghan trade through airports
Consignments will be dispatched to Chaman, Torkham and Ghulam Khan border via land
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LNG imports at high prices cause Rs10b loss
Auditors find mismanagement in purchase of spot LNG cargoes
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Mercedes Benz to pay $5.5 million
Payment to resolve a lawsuit over diesel advertising claim
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Tesla recalls 321,000 US vehicles
Tail lights may intermittently fail to illuminate
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FTX prepares for sale, reorganisation
FTX sought court relief to allow the operation of a new global cash management system and payment to its vendors
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Only $4.2b in foreign loans arrive
Borrowing options remain limited in face of higher cost, delay in meeting conditions
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Steel sector sees 40% decline
Amreli Steels’ management says high energy cost, super tax impacted growth
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No export, no crushing season: PSMA
Says exporting 1m tonnes of surplus sugar can add $1b to national exchequer
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ECC okays 48% urea price differential
Also succumbed to OMCs’ demands, withdrew decision to cap premium on diesel
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Rupee dips to six-week low
Yield on Pakistan’s Sukuk rises to 98.96%, fanning default fears
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KE seeks tariff reduction of Rs9.71 per unit
Public hearing will be conducted on Nov 30 to make decision
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Investment in NPCs declines to $763 million
Overseas Pakistanis aggressively withdrawing investments due to political uncertainty, worsening economy
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30,000 poultry farms face closure
Delay in release of soybean from port threatens industry
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Real estate in development phase
Sector worth $3.5tr remains preferred investment avenue for most Pakistanis
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Housing boom can revive economy: secretary
Points out many countries have made progress by focusing on housing sector
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Riyadh signs $30b deals with South Korea
Pledges stronger ties in the fields of energy, defence and construction
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Rs70b spent on LNG subsidy
Fertiliser producers have received imported gas at discounted rates since 2018
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Uncertainty about IMF review pushes rupee down
Currency slips for fifth day in a row, losing 0.12% against US dollar
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Smuggling causing colossal losses to exchequer
Business people demand curb of trade in counterfeit products to save formal industry
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Inferior steel huge risk for infrastructure
PALSP demands strict enforcement of PSQCA rules and standards
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Forex reserves inch up by $3m to $7.9b
Central bank gave no reason for increase in reserves
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Senate body for simplifying process
Expediting purchases from the international market when prices fall to provide benefit to the country
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Pakistan’s debt skyrockets to Rs62.5tr
Debt mismanagement, rupee devaluation, high interest rates push debt to record high
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‘Artificial stabilisation causes oil industry over Rs7b in losses’
OCAC says industry will not survive if unfair adjustments are not removed immediately
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Sazgar to launch Pakistan’s first hybrid electric car
‘Haval’ to be launched on November 17, 2022
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Pine nut exports offer locals potential to get rich
Fresh and dried nut exports to China rose to $47.7m in Jan-Sept
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Consumers brace for gas outages
Gas may be supplied for only 8 hours a day on SNGPL’s network in December
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World Bank to provide $1.3b emergency relief
Financial support being offered to subsidise urea for farmers
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Ethiopia set to launch direct flights
Addis Ababa, Islamabad aim to raise bilateral trade to $300m
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Ideas 2022: AI is the future of Pakistan
Ministers urge universities, youth to play key role in its research and development
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Initiative launched to enhance Pak-US trade
Project will strengthen business environment, attract FDI
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JS Bank announces intention to acquire 51% shares in BankIslami
Announcement fails to buoy investors; share prices of both close on sluggish note
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Court summons FBR chief in tax case
Finds legal issues in imposing 20% deemed income tax on real estate
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Oil dips on China demand concerns
Brent crude futures were down 13 cents to $93.01 a barrel at 11:26 am EST
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Rupee inches down by 0.10%
The currency has consolidated around current levels in the backdrop of low foreign currency reserves
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Alvi for enhanced trade with Serbia
The envoy was also asked to assist in increasing the frequency of business visits to each other country
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Structural reforms key to propping up economy
State minister says controlling inflation top priority of govt
















































