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IT exports rise on fair policies
Exports reach $303m in Dec, higher than 12-month average of $222m
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Pakistan receives $700m tranche from IMF as UAE rolls over $2b loan
SBP confirms UAE has rolled over two $1b deposits, which were maturing soon
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SIFC steps in to end differences over gas price hike
Asks PBS to reconcile data, report actual price situation in next meeting
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PFVA urges R&D for fruits, vegetables
Significance of research, development, diverse varieties, improved quality of vegetables, fruits
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Deadlines on PIA sell-off end
Govt yet to decide process of selling airliner, fails to acquire statutory audit
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DAP fertiliser sales surge 31%, urea stagnates
Brokerage house reveals offtake trends, highlighting divergence in fertiliser preferences
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Rupee halts two-week winning streak
Edges down Rs0.01 to close at 280.25/$ amid global uncertainties, balanced market dynamics
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Hubco in talks to buy stake in Thar coalmine
Separately, KAPCO plans to acquire 49.5MW wind power project in Sindh
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PSX dips below 64,000
KSE-100 index falls 531.91 points, settles at 63,737.46
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Chinese automakers build shipping fleets
Embrace car export boom by operating own vehicle carriers
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NAB to drop unnecessary cases
FPCCI releases statement that there should be no harassment of the trade, industry
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Govt aims to revitalise agri-sector
Will introduce policies to facilitate corporate farming, foster sustainable growth
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AMA propels financial inclusion in Pakistan, opening 7m accounts in 2023
Any Pakistani citizen with a valid CNIC can access a digital bank account using a basic-feature mobile phone
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Crackdown ordered against fertiliser hoarders
SIFC asks taxmen to conduct audit of urea companies, dealers
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SSGC leadership appointments halted
Govt demands urgent board elections to tackle financial woes
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‘AI could be a game changer for Pakistan’s industries’
Experts say despite challenges in data availability, adoption will revolutionise sectors
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New Pak-China air cargo route launched
Ezhou-Lahore cargo route is the first international air cargo route launched by SF Airlines in this year
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Businessmen seek resolution of pressing issues
Issues including runaway energy tariffs, skyrocketing prices of industrial plots, high policy rate of central bank
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Circular debt reaches Rs5.73tr
Despite price hikes, power and gas sectors cross Rs2.7tr, Rs3tr respectively
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PSX opens week on bearish note
KSE-100 index falls 368.26 points, settles at 64,269.38
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Govts urged to rein in ‘billionaire class’
At Davos, Oxfam data showed five men made $869b, while five billion became poorer
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RDA sees $160m inflows in Dec, signalling recovery
Increase 17% from $137 million in November, up 14.29% from Dec 2022
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Foreign investors seek stable environment
Acknowledge govt striving to improve investment climate
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Developing Sukuk ETFs – a new asset class for investors
ETFs offer mechanism to invest in portfolio of Sukuk of different maturities and rates
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Traders urge political parties to unveil economic agenda
Say it would help business community finalise short and long-term plans
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Lessons learnt for telecom sector
Despite big strides, Pakistan lags behind even regional competitors in 5G readiness
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Bracing for high oil prices: challenges in 2024
Robust demand, low inventory levels will push up crude prices
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Transforming textile value chain
Need for sustainability, and strategic measures for global competitiveness
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Navigating trade in the new year
Balancing inflation, trade dynamics and policies for a better future
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Lucky terminates Lotte acquisition deal
Company finds it difficult to meet conditions in stipulated time frame
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Large industrial zone announced for Karachi
Govt will set up industrial estate of international standards on 10,000 acres
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Govt borrows Rs6tr from banks
Short-term borrowing made to repay financing acquired in past
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Delegation visits China for green energy cooperation
Examines 20MW rooftop PV power generation project
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Winters freeze textile sector growth
Industrialists warn that export uncertainties, high energy prices, inflation threaten sector
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Extreme cold drives US energy prices to highs
Record demand, freezing wells pose challenges to energy supply
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Stocks edge up as momentum slows down
KSE-100 index adds 123 points, or 0.2% WoW, settles at 64,638
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PEOC explores industry resilience
Experts say Pakistan failed to capitalise on low sunflower oil, rapeseed oil prices due to high import duties
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Rs85b tax collected from non-filers
Majority of revenue comes from cash withdrawals and electricity use
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Petroleum prices likely to go down
Petrol rate may witness a drop of Rs5.50 per litre
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Tax office strikes against FBR overhaul
Sources say finance minister was warned twice of resentment among field offices
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IMF loan tranche to reinvigorate economy
Businessmen urge govt to focus on reforms, stabilise rupee
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Credit firm for SMEs launched
Called revolutionary step, company will help provide funds to small units
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School for retail professionals launched in Lahore
Former CEO, over 200 CAP members will teach students front-end retail management
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Research house sees higher growth
Anticipates higher economic growth at 3%, lower current account deficit at $4 billion in current fiscal year 2023-24
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Inflation hits seven-week high
Hits 1.6% as SPI records inflation at 44.16% for the week
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PSX closes flat over late profit-taking
KSE-100 index crawls up 20.07 points, settles at 64,637.64
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Rupee strengthens, hits 11-week high
Reaches close to anticipated level of Rs280 against dollar
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KCCI decries 191% surge in gas tariffs
Warns of impending crisis, says energy costs making industries uncompetitive
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Farmers denied urea subsidy benefit
Despite provision of subsidy, growers buying fertiliser at high prices
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Notable oil, gas deposits found in North Waziristan
Govt awards new blocks to ramp up exploration activities