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Rupee gains strength after IMF inflows
domestic currency appreciated by Rs0.09 against the greenback
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High-level push for mediation laws
Leaders at IBA ICADR advocate mediation over litigation to clear legal backlogs
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Agritech to help enhance crop yields, ensure food security
Minister calls digitalisation and agriculture govt’s top priorities
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CCP okays PIA’s acquisition by Holdco
Says it won’t have impact on market, describes Holdco’s business as real estate
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Academia, industry must join hands: Iqbal
Minister says equipping individuals with skills essential for sustainable economic progress
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Credit Suisse China says staff down 46%
Chinese venture made several rounds of layoffs last year in an attempt to stem losses
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Berkshire pares huge Apple stake
Conglomerate’s cash hoard swells as operating profit sets record
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‘AI can transform agriculture pricing’
Stakeholders say tech can curb price fluctuations, analyse when to sell produce
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Minister spearheads border development
High-level committee made to formulate strategies for development of border areas
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PSX takes a breather after touching record
KSE-100 index falls by 841 points, or 1.16% WoW, settles at 71,902.09
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Pakistan welcomes $20b investment in Uzbekistan
Announcement at Tashkent Investment Forum fosters regional cooperation
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PM eyes productive Saudi businessmen visit
Shahbaz plans to invest in different sectors with Saudi
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Bulls return on Saudi investment prospects
KSE-100 index surges 1,244.45 points, settles at 71,902.09
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Short-term inflation gauge slows by another 1%
Falling food, energy prices pull SPI down for 3rd week in a row
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ADB, donors pledge $5b in grants
Aim to combat climate change, poverty, gender gaps in member countries
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Qatar to open doors for skilled labour
Islamabad, Doha will ink deal as govt approves draft MoU
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Sindh launches Hydro-Agro programme
World Bank-funded initiative revolutionises water, agricultural management
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Cement dispatches dip in April, exports surge
APCMA urges govt support to revitalise construction sector, enhance industry efficiency
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Govt reluctant to privatise key SOEs
Wealthiest families eye PIA amid govt’s resistance to privatisation efforts
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Punjab plans to revise property tax rates
Aims to promote use of plastic cards for tax payment to govt
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Auctions of seized vehicles under scrutiny
Persistent auction irregularities prompt FBR action despite years of audit objections
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Trade deficit widens by 181% in April
Increases by $1.6b; more than half of recently concluded IMF programme
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Shrinking auto sales force price reductions
LMC, PSMC reduce car prices to cater to market conditions; leads to fully booked orders
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OECD upgrades global growth forecast
Notes US resilience to inflation, rising anticipation for rate cuts
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Experts advocate green financing
Study reveals banking sector’s reluctance in financing green projects despite climate crisis
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Bearish run continues on profit-taking
KSE-100 index drops 444.91 points, settles at 70,657.64
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‘Asia is unprepared for aging population’
ADB report highlights low pension coverage, health issues, and social isolation as challenges
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PBC seeks tax rationalisation to stem exit of talent
In budget proposals, business council stresses digitisation of economy, promoting industrialisation
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FPCCI urges govt action on wheat prices
Asks PM to increase federal target for wheat procurement to 2 million tonnes as token of sympathy
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Exploration firm targets major fields
OGDCL aims to enhance hydrocarbon output, tackle crisis with new technology
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Fiscal reforms to cut debt notified
Rules target trillions in public funds parked by ministries in commercial banks
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Ministry mulls adding dates on cement bags
CCP highlights importance of disclosures due to cement’s hygroscopic nature
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NIC Hyderabad sparks startup success
Over 100 startups incubated in 2 years, propelling tech ecosystem forward
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PSX top firms see 25% profit rise
Stocks record growth faces profit-selling pressure, yet maintains stellar performance
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Bitcoin drops by almost 6% ahead of Fed decision
Worst monthly performance since 2022 prompts mass profit-taking
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Investors scour the globe for shelter
US stocks drop 4.2% in April, rate cut bets derailed by inflation
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Sindh Revenue Board achieves record collection
The achievement signified a year-on-year growth of 29%
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Pak-China tie-up forges agri innovations
Guizhou University’s programme empowers researchers to bridge agricultural gaps across nations
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Cement makers decry poor law and order
Deteriorating situation puts investment at stake
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Oil smugglers, officials connive
Intelligence agencies unearth smuggling racket that causes Rs227b annual loss
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REIT fund seeks Rs403m investment via IPO
Will offer 22.94m units for sale in current week at PSX
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Dues of Chinese plants soar to Rs529b
Beijing seeks more fiscal incentives for investment in Special Economic Zones
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Rupee wipes off losses, appreciates to 278.31/$
Fresh loan tranche will further extend support to local currency
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UK to help explore green financing tools
Will collaborate with Pakistan to address climate change, support social sector
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PSX suffers losses as SBP keeps tight policy
KSE-100 index dips 592.49 points, settles at 71,102.55
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Belarus seeks to bolster trade, investment
Envoy says trade with Pakistan is far below true potential
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European company plans big investment in data centre
Sees high potential in Pakistan with digital transformation in businesses
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SBP receives $1.1 billion IMF loan tranche
With conclusion of standby arrangement, reserves rise to $9b
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Pakistan requires key infrastructure to launch 5G
Experts say as world moves towards 5G, new products are being developed to meet expectations
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Budget numbers belie IMF’s claims
Pakistan’s budget gap widens to Rs4.3tr in Jul-Mar, up 25% from last year