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NEPRA approves tariff hike of Rs0.36 per unit
Allows increase on account of fuel adjustment for July
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Senate gives another 3-month extension in FBR officers’ case
Expresses disbelief over lack of progress
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ECC takes it slow, puts off decision on gas price hike
Wants solutions to issue of circular debt before providing relief and bailouts
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Power production increases to all-time high in July
Rises 10% to 13,751 gigawatt hours with addition coming from new plants
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PEACE Cable International Network signs agreement with Cybernet and Djibouti Telecom
MoU and landing party agreement inked during 4th Asia-Pacific Submarine Networks Forum
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Market watch: Foreigners remain net sellers as KSE-100 sheds another 295 points
Benchmark index decreases 0.69% to settle at 42,249.44
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‘Govt will complete TAPI pipeline’
This cooperation may include exchange of experience and participation in establishment of oil and gas installations
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Output expected to cross 14.2m bales
Cotton crop in Sindh had remained water stressed due to below average rainfall in agricultural areas
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Rupee weakens against dollar
SBP has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange
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Undue haste in starting power projects causes heavy losses
Private-sector investor seeks billions in damages due to closure of production units
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ECC expected to approve Rs60 billion bailout for PSO
State-run company facing financial trouble due to high receivables
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Government likely to increase gas prices by up to 86%
Price revision is aimed at bailing out gas utilities which face financial default
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Govt suspends NBP President Saeed Ahmad
He is co-accused in a supplementary money-laundering case
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World Bank pegs future budgetary support to viable economic plan
Vice president for South Asia region meets finance minister Asad Umar, discusses strategies
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To rid FBR of corruption, Jahanzeb Khan appointed chairman
Becomes fifth chief of tax body in five years
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Indus Motor announces Rs3.3b investment
Capital expenditure meant to increase production capacity to 76,000 units
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Market watch: KSE-100 sheds 201 points as investors stay on sidelines
Benchmark index decreases 0.47% to settle at 42,544.47
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Nestle seals deal to market Starbucks coffee around the world
Under the deal, some 500 Starbucks employees in the United States and Europe will join Nestle
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GNA protests high tariff
Terms the increased tariff ‘unjustified'
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NHA collects Rs2b in FY18
'In 2018, the figure jumped to Rs2 billion and it is further expected to increase in the coming years'
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Rupee weakens against dollar
SBP has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange
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KSE-100 advances 157.49 points
Benchmark index increases 0.37% to settle at 42,745.78
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Reforms agenda being pursued
Three SEZs have become operational and started production while the remaining six would be rationalised by June, 2019
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‘Loss-making PSEs huge burden on economy’
LCCI says Pakistan cannot afford to ignore strategic assets
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Urea inventory hits record low in August
Wheat crop expected to bear brunt of shortage
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‘Companies under section 42 should not be abolished’
SIE president says government can replace heads of these companies with experts
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PTI mulls privatising govt properties to raise money
Plans to generate money from its under-utilised and ‘dead’ assets
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Govt keen to promote financial inclusion of SMEs
Only 6% SMEs avail bank loans, says SBP official
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PRGMEA wants prime minister to declare ‘export emergency’
Official says govt should formulate separate policies
for sub-sectors
of industry -
Fauji Cement’s profit jumps 31% in FY18
Amounts to Rs3.43b compared with Rs2.61b in FY17
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Pakistan receives $439m in foreign loans in July
Amount insufficient to meet country’s growing
external sector requirements -
PM seeks suggestions to recover wealth stashed abroad
PM gives task force two weeks to recommend measures
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Market watch: KSE-100 advances 157.49 points
Benchmark index increases 0.37% to settle at 42,745.78
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Several export products of Pakistan face MFN tariff in India
Tariff, non-tariff barriers constitute serious obstacle to Pakistan’s market access
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The missing FIPI at the PSX
Despite inclusion in MSCI EM, unprecedented foreign selling being witnessed
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Pakistan’s credibility at stake after scrapping business deals
Country may face more cases in global court as new govt plans to examine CPEC contracts
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How IT, telecom can help PTI govt meet job-creation promise
It must expand optic fibre, provide more radio spectrum, promote freelancing
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Naya Pakistan needs new ideas for economic gains
Subsidies won’t work; domestic economy needs high priority and thorough assessment of tariff regime
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Business as usual for Australian economy under new PM
Analysts see him continuing along the same economic path now that he has climbed into the prime minister’s chair
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‘Automaker Tesla to remain a public company’
Musk surprised markets on August 7 by announcing on Twitter he wanted to take Tesla private at $420 a share
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China, Britain agree to discuss ‘top notch’ free trade deal
Britain says it is open for business as it prepares to leave EU
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Trump says trade deal with Mexico ‘could be happening soon’
Negotiators from both sides will hold talks to revamp North American Free Trade Agreement
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US, China trade talks end without much success
Beijing continuously argues that it was meeting its WTO obligations
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ICCI stresses export promotion
Officials say focus needs to be on value-addition
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Average profit margin improves as interest rate increases
Lending yield on outstanding loans surges to 18-month high
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A state of nothing
The sacrifice of giving up First Class travel only to opt for rigours of Business Class is nothing
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Shaheen Air to resume post-Hajj operations
FBR allows office to re-open after bank guarantee
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Budget deficit widens to record Rs2.26tr in FY18
Expansionary fiscal policy, poor performance of tax body put country into a deeper debt trap
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Railways to overcome its deficit this year: Sheikh Rasheed
Minister invites investors as state-owned entity begins journey to profitability
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Byco distributes 2m Moringa tree seeds
'Pakistan’s green cover has reached alarmingly low levels, falling below 2%'