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Flights to Urumqi-Kashgar-Isb resume
Following nearly 15 years of suspension, reinforces connectivity between China, Pakistan
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E&P firms to invest $33m for oil, gas search
Sign agreements with govt for eight exploration blocks
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Economy to do better: Fitch
Says GDP growth will mostly be higher for Asia-Pacific countries
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IRS appeals to ECP on FBR restructuring
Urges ECP to prevent ‘illegal and unconstitutional’ action by caretaker govt
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Bulls keep control as stocks extend rally
KSE-100 index rises 368.21 points, settles at 64,822.43
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Rupee rises for sixth day in a row
Settles at 279.67 vs dollar with better foreign currency inflows
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SAP to restructure 8,000 jobs
SAP pledges to invest more than $1 billion by backing AI-powered technology startups
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US consul general, APTMA discuss bilateral trade
Association chairman urges need for technology transfer, joint ventures
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Measures to boost FDI proposed
Experts urge one-window operation for company setup to facilitate investors
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NayaPay, Alipay+ to boost payments into Pakistan
Partnership will enable NayaPa to provide a seamless connection with more than 25 Alipay+ global payment partners
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Chambers back diplomatic initiatives
Both industries emphasize need for improving business-to-business relationships
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Govt set to raise gas prices up to 41%
Second fuel price hike implemented in three months to meet IMF conditions
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Oil prices edge up
In ME, tensions rose morning after US, British forces carried out second joint round of strikes on Houthi in Yemen
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Rupee gradually rises to new 3-month high
Currency recovers over Rs27 against dollar in past 4-1/2 months
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Govt decides to execute mega gas projects
These include IP and TAPI pipelines to meet future consumer demand
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PSX recoups losses, surpasses 64,000 mark
KSE-100 index rises 514.81 points, settles at 64,454.22
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Alvi calls for agricultural tech to combat climate change
Highlights need to implement decisions effectively at Regional Dialogue 2024
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China-Pak accelerate smart city advancements
Pakistan embassy explores synergies with BUCIC for digital city development
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Cabinet defers FBR restructuring
Questions arise over caretaker govt mandate, complexity of proposed scheme
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Govt plans Rs100 billion Sukuk boost at PSX
Aims to raise new domestic debt as investors show strong interest in second Sukuk auction
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Cabinet to decide FBR’s fate today
Will consider restructuring of revenue board that may cease to exist
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Auto experts split on “Year of Localisation” in 2024
Some push for local focus, others call for embracing global integration
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APTMA calls for 9 cents/KWh power tariff
Previously announced removal of cross-subsidies, aiming to enhance competitiveness of industries
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Rupee appreciates to three-month high
Stays below 280 vs dollar in inter-bank dealings
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Banks seek 16.6% interest on PIA loan
Privatisation efforts stall as finance minister counteroffers 10% interest
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In a reversal, PSX soars on debt settlement talk
KSE-100 index rises 657.19 points, settles at 63,939.41
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World Bank grants $425m to Pakistan
Aims to bolster social protection system, support underprivileged
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Fertiliser sector eyes high profit
Research house forecasts 104% YoY earnings boost, driven by rising prices of urea, DAP
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Industrialists denounce banking laws
Say businesses find it difficult to meet stringent conditions
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Is it time for SBP to alleviate debt burden?
Economists divided on whether inflation stems from money printing or imports
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Value chain(ed): a fresh and objective look
Current form of value chains actually constrains equitable distribution of benefits
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Transmission sector reforms and load-shedding
Power production will remain sub-optimal due to low forex reserves along with outages
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Pollution risks by petrol pumps
Varying amounts of vapours are emitted from car fuel tanks during filling
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Are paper ballots still necessary today?
About 2,070 tonnes of paper will be used to print 250m ballot papers from 49,600 trees
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IMF warns of risks to economy despite stabilisation
Says risks have emerged to debt sustainability, ability to pay back IMF loans
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FBR overhaul row may end soon
Prospects of sending summary for cabinet’s approval suddenly increase
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Akhtar projects better GDP growth
Expects economy to expand 2-2.5% in FY24, FBR to collect Rs10tr in taxes
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Chinese team takes part in engineering fair
Show features seminars, workshops highlighting latest technologies, innovations in engineering, healthcare
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Hard work needed to boost trade: Turkiye CG
Promoting bilateral trade while exploring further opportunities of partnership
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IT remittances set to surge 20-25% by year-end
Govt initiatives for freelancers to boost IT remittances to over $600m mark
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Bourse remains depressed over border tensions
KSE-100 index loses 1,355 points, or 2.1% WoW, settles at 63,282
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Rwanda eyes enhanced trade, investment ties
LCCI stresses readiness to meet import needs with high-quality Pakistani products
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PBF urges use of AI for agricultural growth
Pakistan’s per-acre yield is behind global average due to limited access to modern machinery digital support services
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Govt plans to launch digital rewards
IT ministry makes recommendations; initiative to promote cashless economy
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Finance minister, IRS at stalemate over FBR overhaul
Sources say matter will be referred to military establishment for resolution
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Pakistan, Kuwait to set up $1b fund
Fund will be spent on exploration of metals and minerals in Pakistan
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Textile exports dip 5% in H1 of FY24
Sector faces challenges in reaching govt’s ambitious $25 billion export goal
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Rupee soars to 12-month high
Closes at Rs279.90/$ on signing of $3b UAE investment agreement
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Industries ramp up imports of plants, machinery
Imports of capital goods rise 11% to $3.6b in Jul-Dec 2023
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Thin gains at PSX as Pak-Iran tensions ease
KSE-100 index rises 79.83 points, settles at 63,282.23