Business

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Currency under new cycle of appreciation for past one month

Sri Lanka defaulted on its foreign debt for the first time ever in May 2022

India is only the fourth economy in the world to cross $700 billion in reserves after China, Japan, and Switzerland

Of the 444 companies traded, 201 recorded gains, 167 saw declines, and 76 remained unchanged

ECC gives nod to Defence Division's proposal for technical supplementary grant

KSE-100 Index rises by 338.30 points, breaching the 83,000-point barrier to reach a new record high.

Dispatches dip 18% as industry blames 'irrational' taxes

KSE-100 index surges 754.76 points, settles at 82,721.77

Former minister proposes formulation of 'Charter of Business'

Workshop sheds light on how to align with climate goals, secure financing

Organised steel sector hits out at FBR for delaying tax notification

Consul general highlights $7b trade, potential for growth across multiple sectors

Kaspersky reports a 20% rise in ransomware attacks on ICS in Q2 2024, with 27% of systems in Pakistan affected.

It comes following release of IMF's first loan tranche

K-Electric vows to support industrial consumers in transition from captive plants

Increase follows receipt of IMF's first tranche of $1.03 billion as part of the $7 billion EFF approved last month

Sentiment improves by improved economic indicators, increased buying across key sectors

Gold prices drop globally to $2,642 per ounce, while in Pakistan, per tola falls by Rs1,100 to Rs274,400.

Deal will align provincial taxation policies with centre, abolish agri-support prices

USD trades at Rs 278 for buying, GBP at Rs 365.25.

KSE-100 Index soars 960.72 points to record high of 82,930.00 before declining

KSE-100 index gains 162.41 points, settles at 81,967.01

Webinar highlights need for clearer policies, better public understanding

Widens slightly to $5.4b as exports grow in double digits, imports stay restricted

Malaysia’s PM Anwar Ibrahim’s visit to Pakistan boosts potential for new trade agreements and enhanced cooperation.

Reviews CPEC projects ahead of SCO summit

Comments echo those of Russian deputy PM, says organisation sacrificed more than other producers

Pakistani rupee hits a six-month high of Rs277.64/$ in inter-bank market, driven by increased foreign currency inflows

Think tank urges SIFC to intervene as local agriculture faces food security threats

Governor asks foreign firm to set up support centre for safety of banking system

In December 2023, it had approved $658.8m for projects focused on resource mobilisation, agriculture and school rehab

Barter agreement signed as 60 firms seek business opportunities in Moscow

The Kuwaiti Dinar (KWD) remains one of the highest-valued currencies.

Early repayments made to raise long-term borrowing to cut interest costs

Shares in Covestro jumped 3.7% to a three-year high of 58 euros.

Envoy discusses knowledge-sharing, tech transfer for environmental sustainability

DPC doubles guarantee for eligible depositors to Rs1m, boosts confidence in banking sector

Argue grid prices not financially viable, regionally competitive

Govt reconstitutes board one year after end of term of previous directors

Cabinet body declares PRAL, Pakistan Single Window as essential state entities

KSE-100 index gains 690.39 points, settles at 81,804.59

Calls for single-digit interest rate by Jan 2025 to boost business growth

SM Tanveer says govt should stop obtaining loans for repayment of loans and let businesses grow

He acknowledges challenging economic climate but remains optimistic about potential for reform and growth

Gold prices drop, with per tola price falling to Rs274,900 and global prices down to $2,647 per ounce.

Meng Wanzhou steps into the role of Huawei's rotating chairperson while continuing as CFO

Amazon secured a partial dismissal of a U.S. antitrust lawsuit but will still face allegations

KSE-100 index recoveres losses it had suffered a day earlier.

US dollar sold at Rs 278.10, British Pound at Rs 372.17, while Kuwaiti Dinar remains highest at Rs 912.67