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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
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Business leaders lament law and order situation
Appeal to Sindh Rangers, police to launch joint operations against street crimes
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Plan sought for garlic self-sufficiency
Potentially eliminating need for annual import of Rs80 billion worth of garlic
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SIFC takes steps to save Rs149b
Cuts 76 provincial projects, freezes PM, parliamentarian schemes
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Sugar sector sees 78% surge in profits in FY23
Earnings reach record high of Rs22b, attributed to rise in sugar prices and higher margins
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Drop in T-bill yields propels stocks higher
KSE-100 index surges 697.72 points, settles at 64,617.57
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Solar panel demand soars as prices plunge
Internationally, solar panel prices have globally dropped from 26 cents to 13 cents
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Rupee stays stable at 10-week high
Dollar demand for fuel imports decreases after oil price fall
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Google lays off hundreds to cut costs
Microsoft, Google are betting on rising adoption of generative AI technology
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$3b export orders expected at Heimtextil fair
Pakistani exporters securing orders from Europe, other regions
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Govt set to pay $27.5b debt by Nov
Another IMF programme may be required to ensure smooth debt repayments
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IT minister announces official policy for 10,000 e-job centres
Aims to empower 1.5 million freelancers, enhance earnings to $10 billion annually
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FPCCI-SCC to collaborate
Highlighting significance of tourism, hospitality, cultural avenues in Scotland
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Karachi’s industrialists pin hopes for revival on 2024
Call for clear industrial policy, prioritising domestic investment over foreign investment
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Profit-taking pulls stock market down
KSE-100 index dips 250.73 points, settles at 63,919.85
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Pakistani textile innovation shines at Heimtextil 2024
Eco-friendly fabric made from maize waste captures global attention
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Remittances surge by 13% to $2.38b in Dec 2023
Stability in rupee-dollar parity, crackdown on illegal networks boost numbers