Business

3.43% growth pushes QIM to 132.87 in Dec 2023 compared to 128.37 in Dec 2022

Says reforms, policies have contributed to making conducive business environment

SBP attributes no specific reason for rise

Say utilities are not exploited in developed states for economic gains

KSE-100 index plummets 1,133.78 points, settles at 61,020.06

Govt also withdraws subsidy of fertiliser plants

Govt aims to recover Rs242 billion from residential, industrial consumers

DISCOs want to recover amount on account of capacity charges, T&D losses

KSE-100 index gains 926.92 points, settles at 62,153.84

Urges govt to tackle higher interest rates, call for import restrictions

Global trade in LNG reached 404 million tonnes in 2023, up from 397 million tonnes in 2022

Difference stretched to 0.81% after domestic currency maintained downturn in open market

Moody’s points to external vulnerability risks until clarity on financing plan

APTMA says production at these energy rates no longer feasible

Finds forensic evidence of DIB officials’ involvement in forging signatures, documents

Pipeline project aims to complement oil pipeline backbone from Karachi to Peshawar

IMF grants waiver after govt misses budget surplus target despite slowdown

Despite YoY decline, sales reach highest level in eleven months

According to ECP rupee dropped 0.04%, or Rs0.13, to Rs281.32/$ in open market

Expected to impact investor sentiment amid market fluctuations

Secretary finance warns that delay beyond Thursday could cost Pakistan IMF’s $1.2b tranche

Pushes for fair market pricing to boost competition, investment

Explores closed wells and tight gas amid LNG affordability concerns

KSE-100 index gains 161.61 points, settles at 61,226.92

Experts call for widespread AI adoption to unlock opportunities

Despite achieving revenue growth of 25.8%

Petrol rate likely to witness marginal rise of 80 paisas per litre

Firm has expanded its free online AI training courses to 18 languages

Surge by 26% to reach $2.39b in January 2024, signalling confidence in economy

Lead to 40% decline in production, ineffective T&T system results in losses of over Rs310b

Rupee remains largely stable at Rs279.33 against US dollar in the inter-bank market

Debt and liabilities increase by another Rs17.4tr as of end-Dec

Calls for reduced duty on crude palm oil, abolishing section 8B of Sales Tax Act

Cautions to expect the unexpected in wake of Covid-19 pandemic

Many issues addressed to allay concerns of investors

Halt in oil expansion plan to reach net zero emissions by 2060

Benchmark KSE-100 index dives 1,878.43 points, settles at 61,065.32

There is no time to relax for the incoming government; let’s get back to work

Youth hold immense potential to drive positive change, shape nation’s future

Interest payments exceed govt’s tax revenues – a recipe for default, economic meltdown

Illegal manufacturers thrive on low quality material, putting lives at risk

Many commercial properties facing trouble in repaying loans, which may further fuel banking crisis

A year under coalition govt triggered 25% surge in per capita debt

Agreement allows Apple to examine Rivos’ systems and recover any confidential information

Upcoming govt may opt for old solutions, avoid politically tough decisions

Reduction in industry due to ill-planned strategies

Protest EU measures that place constraints on them, rising costs

KSE-100 index loses 59 points, or 0.09% WoW, closes at 62,943.75

Country’s rating was cut to “A2”, five notches above investment grade

It is almost double Jan 1 forecast for 4.7% growth