Stories from Salman Siddiqui
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Corporates advocate fair wages
Leading business houses estimate living wages at around Rs50,000 per month
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Govt borrowing surges to Rs3.06tr
Credit to private sector, however, slows five times to just Rs220 billion
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Millers foresee acute flour scarcity in Karachi
Claim they have been denied wheat supplies by Sindh govt
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UBL keen on merging operation with Silkbank
Intends to seek SBP permission to commence due diligence
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Gas utilities to collect additional fixed charges
Such charges will apply to ‘non-protected consumers’ with effect from Jan 2023
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UAE investor acquires majority stake in Summit Bank
Involved issuance of 3.98 billion new ordinary shares
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Experts predict range-bound market
Chief of Army Staff’s four-day visit to China being seen as ray of hope
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ECAP to approach govt again
Urges govt to accept proposal to raise $24b in interest-free financing
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80% workers denied minimum wage
PILER says denial of basic rights is causing people to become violent
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Banks instructed to deduct 0.25% export surcharge
Move comes after a staggering 21% drop in export earnings in March 2023