Business

Energy sector undergoing massive transformation as world was increasingly focusing on green technologies

Attributed to elevated reference fuel cost, reduced hydropower availability in Dec 2023

KSE-100 index rises 137.44 points, settles at 61,979.18

Monthly outlook report anticipates inflation to remain around 27.5% in Feb

Under IMF arrangement, shortfall of over 1% may necessitate a mini-budget

Looks for $20b investment in exploring huge gas reserves

Lifts 2024 growth outlook, predicts ‘election year’ could boost economic activity

Aims to rein in swelling energy import bill that will double in seven years

DISCOs seek to recover staggering Rs81.5b via quarterly adjustments for second quarter FY2023-24

Shipping association urges reforms as costs threaten key exports

KSE-100 index dives 931.98 points, settles at 61,841.74

HCCI president expresses concern, says pre-election uncertainty shows immensity of challenge

Despite economic challenges, including inflation, high business costs, sector showcased robust performance

Currency hits 3-month high at 279.55 against dollar

Expected to fetch $3 billion this year as India curbs exports and demand rises

Rajput credits this positive shift to strict fiscal discipline, adherence to conditions of IMF Standby Agreement

Market saw fourth straight day of substantial selling, causing a cumulative drop of about 4.60% or 3,000 points

A Federal Tax Policy Board will be established within Revenue Division as part of approved reforms

IMF programme becomes root problem, prevents SBP from lowering key rate

Govt will auction 300MHz of spectrum, extend optic fibre network

Offshore investors will be focused on how Chinese authorities treat foreign creditors when company fails

PM asks provinces to take over 68 projects costing Rs121b, stops spending on MPs’ schemes

Anticipates inflation hitting 23-25%, unveils plans for new currency notes

KSE-100 index slumps 1,039.34 points, settles at 62,773.72

Closes at Rs279.64 against greenback

Sign five new agreements aiming to support recovery

Current trade volume of $209 million was considerably lower compared to other Association of Southeast Asian Nations

Setting up of first such company will end speculation

They are making significant inroads, transforming American real estate landscape

Governor Jameel Ahmad says inflation currently at ‘elevated’ level but would ease from March

Negative productivity growth rates coincide with timing of election years

Institutional framework of tax system has remained mostly unchanged for a century

Second phase of CPEC faces specific challenges unique to its framework

Despite subsidies and social programmes, inflation has driven 5% rise in poverty

Company earlier said it had identified networking issue impacting portion of the Teams service.

Say curbs on trade with Afghanistan hurting Pakistan’s economy

Alvi asks CEOs of banks to address challenges being faced in microfinance sector

Govt increases financial support for poor in line with commitment to IMF

Caution LSM units going through testing times, on verge of collapse

Protests continue as farmers threaten to converge on Paris

KSE-100 index adds 531 points, or 0.84% WoW, settles at 63,813

Company head believes new OPEC+ supply cuts will balance market

Says US Treasury officials got assurances during visit to Beijing

IMF recommends Pakistan to maintain tight policy to address challenges

Lack of preparation, mandate concerns stall key initiatives

Shows revenue for foreign investors down from $4.84b in 2018 to $3.03b in 2023

Expo aims to bridge gap between students, companies in oil, gas, mineral sectors, fostering awareness

Will boost production of profitable, environmentally friendly fuels

Issues draft amendments to listed companies’ regulations

500% savings per km, no maintenance drive the surge in sales