Business

World Bank believes poverty rate can increase by 2.5 to 4 percentage points

Trade with Canberra far below potential with deficit at $400m

ECC approves five-year extension for Zamzama gas field in Dadu

Rupee, however, cumulatively gained 7.41%, or Rs17.77, in past 10 days

Global lenders not in the mood to give substantial concessions on agreed conditions

Saudi Arabia rebuffed criticism it was colluding with Russia

Approval for $1.5 billion loan expected on October 21st

Phase-I of the project is scheduled to be completed in March 2024

Minister seeks cooperation in agriculture, pharma, machinery sectors

Fine imposed on account of partial blackout resulting from collapse of eight towers

Claims large number of KE employees from Sindh laid off without due process

Currency strengthens 0.76% over probe against manipulators

FPCCI says 57-member alliance of Islamic Chamber has collective GDP of $7 trillion

Will finance project via funds to be raised by parent company in US market

Asian Development Bank’s country director apprises Ishaq Dar about ongoing and future projects in various sectors

It comes due to corrective measures to cut down imports, restricted economic activities

Minister underscores need for preparing solar policy in wake of energy crisis

Penalty came in wake of blackout in several parts of Karachi in Sept 2021

South Asian diaspora, competitive prices provide opportunity to increase exports

Projects costing $500m will start producing power by end of 2023

The domestic currency maintained its momentum following Finance Minister Ishaq Dar’s remark

Renews promise to promote financial education, increase investment habit

Permission sought from SC to utilise railway land for commercial purposes

IMF says 48 countries around the world particularly exposed to food crisis

Despite investor scepticism, amount raised equals 87% of total funding in 2021

Urges businessmen to take maximum benefit of ombudsman’s services

To administrative measures that raise the cost of shorting the yuan

Prices fall on weaker Chinese demand, surging US dollar rate

New Delhi raised the import duty on gold to 15%

Consumption falls record 10% in Europe; in Asia-Pacific demand remains flat

Money will now be given to four dozen new schemes proposed by govt’s allies

Rupee makes fresh gain, closes at one-month high at Rs227.29 against greenback

Earlier this year, Indus Motors and Pak Suzuki also shut their plants for a week to ten days citing similar reasons

Says country doesn’t deserve $80b of imports against $30b each of exports, remittances

Sindh govt asks to be taken on board during transfer of ownership

Prices tumble for four straight months since June, as Covid-19 lockdowns in top energy consumer China hurt demand

Abrupt policy changes limit telcos’ ability to plan and invest to improve service quality

Under democracies, economic reforms are associated with heavy political cost

Majority of the control over tariff settingis kept by the regulator and the government

Pakistan must prepare properly for November’s COP 27 to present its case

Company diversifying business due to fall in gas supplies from fields

NEPRA report says capacity payments increased by Rs107b in one year

Gas supplies through Tarvisio entry point will be at zero for Oct 1

Soaring bond yields have slammed stock valuations

ICCI would also be invited to the Golden Jubilee celebrations of the Senate being organised in March

Move comes at a time when country is trying to control surging inflation

Govt had approved increase in dealer margins but did not raise OMC margins

Oil prices soared to almost $140 a barrel in March after Russia invaded Ukraine

The community is concerned about the deployment of FBR staff within business premises and strongly condemns it

Minister seeks bilateral expansion in trade ties with South Korea