Business

Move will have positive effect on share value, return on equity

Reserves came down due to external debt servicing

Bilateral trade between Pakistan and Canada was around $1.11b in 2020, which did not reflect the actual potential

Lack of payment gateways, like PayPal, limit growth potential for freelancers

Dialogue between US and China crucial to combating climate change

Landlocked Central Asian state wants more trade access via sea

UN publishes list of projects worth $120b to help poorer countries cut emissions

Also plans to cut discretionary spending, extend hiring freeze through Q1 of 2023

Prices of essential commodities will rise up to 63% at utility stores

SBP initiates environmental, social risk management to mitigate climate impact

Two cargo routes have been launched for exports to China

Price fall at start of winter a welcome relief for gas consumers

US oil production rises to 12.1 million bpd, Covid-19 cases in China hurt fuel demand

Political instability causing slower economic growth and declining rates of investment

Pakistani investors invited to invest in Bangladesh’s economic zones and EPZs

IEA head surprised by OPEC+ decision to cut output

The development funds will be received by State Bank of Pakistan in November, says Ishaq Dar

Dar says FSC’s order on interest-free banking to be implemented

Again press govt to allow export of sweetener

Minister shows interest in acquiring grain preservation technology from Buenos Aires

Benchmark KSE100 index rises 218 points to settle at 42,265.36

Plan to offer services in areas of NFTs, metaverse and Web3

It comes under quarterly adjustment; govt absorbs around Rs3 per unit in form of subsidy

Will pay interest of around 4.9%, higher than some foreign commercial bank loans

New series of Sukuk issued against NHA assets for five years

COP28 summit will be hosted by the UAE in Dubai’s Expo City

Enters into tech licence agreement with Korea’s auto giant

Aims to host nearly 225 startups, create jobs for over 20,000 IT professionals

Centre, provinces reach consensus on second phase of GST harmonisation

Low rate of return, unfavourable investment climate cause decline

Initiative will promote local manufacturing as demand for solar panels soars

Incentive being planned to encourage offshore drilling for oil, gas reserves

High-level bank delegation meets energy minister

Policy regarding rural broadband is either incomplete or inadequately implemented

Pakistan needs to hand the lead on this challenge to professionals immediately

China is open to increasing imports, but Pakistan’s productive capacity is limited

Lower imports may have cut deficit, but they have adverse implications for industrial production

Biggest threat, as we enter COP27, is widening gap between eloquent rhetoric and real climate action

The IT tycoon believes that evolving with time is the key to entrepreneurial success

Only kept Rs17 billion in budget, will now require grant approved by IMF

Facing threat of recession, an energy supply squeeze and the eroding effect of inflation on purchasing power

Transforming itself into an electric brand in China with a series of unique and diverse electric mobility products

Regional directors to intensify insurance awareness campaigns

NEPRA chief asks energy firms to form emergency response teams

Says revenue board will make up for shortfall through administrative measures

Believes investment will help ease country’s economic crisis

RMB arrangement to boost Pakistan’s foreign reserves, reduce dependence on USD

Benchmark KSE-100 index gains 716 points to settle at 41,856

The demand would unblock payments for Russian grain and other foodstuffs

Says law deters further investment from the Japanese, will hit employment in US